Kenya Type Diabetes Mellitus Drug Market Growing Trade Among Emerging Economies Opening New Opportunities

The Kenya Type Diabetes Mellitus Drug Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Kenya Type Diabetes Mellitus Drug market. This report explores all the key factors affecting the growth of the global Kenya Type Diabetes Mellitus Drug market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The Type Diabetes Mellitus drug market size in Kenya stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

Type Diabetes Mellitus also known as Non-Insulin Dependent Diabetes Mellitus refers to a defect in insulin secretion and sensitivity, whereby the -cells in the pancreas fail to secrete sufficient amounts of insulin and cells fail to uptake adequate amounts of insulin due to loss of sensitivity, commonly referred to as insulin resistance. The World Health Organization (WHO) estimates that the prevalence of Diabetes Mellitus in Kenya at 3.3% and predicts a rise to 4.5% by 2025. However, two-thirds of diabetics may be undiagnosed. Higher rates of diabetics are found in urban areas. Urbanisation and adoption of Western lifestyles have led many Kenyans towards risk for developing DM. Kenya has seen increase in the risk factors like abdominal obesity, poor dietary habits, excess alcohol consumption, smoking and physical inactivity.

Market Drivers

The market is majorly driven by the increasing prevalence of Type Diabetes Mellitus in Kenya. The Prevalence of type diabetes mellitus is 16% which is high for a rural community in Kenya where majority live on 1 dollar/day. About 1% of deaths in Kenya were directly attributable to Type Diabetes Mellitus in 2012.

Increasing initiatives by Government of Kenya by Implementation of National Diabetes Mellitus Strategy in 2015 has led to establishment of hospital Diabetes clinics in nine provinces of the country. A Diabetes Education Programme has also been implemented for healthcare staff.

Overall, Rise in the prevalence of TypeDiabetes Mellitus, Increased partnerships by private pharmaceutical companies like Sanofi and Novo Nordisk with the Ministry of Health, Kenya and increase in the healthcare expenditure are fuelling growth in Type Diabetes Mellitus treatment market in Kenya.

Diabetes Mellitus requires long-term follow up, with uninterrupted access to medication and specialist care. Low levels of public awareness, high cost of Insulin, non-adherence to treatment, poor behaviours towards Diabetes Mellitus and unwillingness to adopt healthier lifestyles are hindering growth of market.

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Market Segmentation

By Drug Class:

On the basis of drug class, drugs are classified into Biguanides, Sulfonylureas, Meglitinides and glucagon-like peptide-1 (GLP-1) receptor agonists, D-Phenylalanine Derivatives, Thiazolidinediones, DPP-4 Inhibitors, Alpha-glucosidase Inhibitors, Bile Acid Sequestrants and Others

By Route of Administration:

On the basis of route of administration, the market can be segmented into Oral and Injectables.

Injectable drugs are further classified into Insulin, Exenatide, Liragultide and Pramlintide.

By Distribution Channel:

On the basis of distribution channel, the market for Type Diabetes Mellitus drugs can be segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others.

Retail pharmacy segment holds the dominant share and is projected to high growth rates throughout the forecast period.

Major Players

Novo Nordisk has partnered with the Ministry of Health, Kenya to increase access of diabetes care in the country.

Merck & Co. is leading the diabetic drug segment with its drug, Glucophage (Metformin) which accounts for 19.8 % of all the oral hypoglycemic tablets sold.

Other companies like Sanofi (SA), Eli-Lilly, Boehringer Ingelheim, Bayer and Novartis are also major players in the industry.

Boehringer Ingelheim, one of the leading pharmaceutical companies, has introduced Trajenta, a new oral drug for the management of type?diabetes in Kenya.

Local pharmaceutical companies operating in Kenya are Dawa Limited, Didy Pharmaceuticals, Beta healthcare and Universal Pharmaceutical Limited.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Kenya Type Diabetes Mellitus Drug Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Kenya Type Diabetes Mellitus Drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Kenya Type Diabetes Mellitus Drug market
Chapter 2: Exclusive Summary - the basic information of the Kenya Type Diabetes Mellitus Drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Kenya Type Diabetes Mellitus Drug
Chapter 4: Presenting the Kenya Type Diabetes Mellitus Drug Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Kenya Type Diabetes Mellitus Drug market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Kenya Type Diabetes Mellitus Drug Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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