Kenya Diabetes Drugs Market Evolution Segmentation and Insight of Trends 2023 to 2028 with Top Countries Data

The Kenya Diabetes Drugs 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 Diabetes Drugs market. This report explores all the key factors affecting the growth of the global Kenya Diabetes Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The Diabetes drugs 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

Diabetes is the most common glycogen metabolism disorder in Kenya. The World Health Organization (WHO) estimates that the prevalence of diabetes 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 abdominal obesity, poor dietary habits, excess alcohol consumption, smoking and physical inactivity. Foot ulcers are seen frequently at many tertiary clinics in Kenya and are associated with poor glycaemic control, infection, hypertension and dyslipidaemia.

Market Drivers

The market is majorly driven by the increasing prevalence of Diabetes in Kenya. About 1% of deaths in Kenya were directly attributable to diabetes in 2012.

The Base of the Pyramid (BoP) project is a publicprivate partnership initiated by Novo Nordisk that aims to facilitate access to diabetes care for people at the base of the economic pyramid in low- and middle-income countries (LMICs). In Kenya, the BoP, through a partnership model, aims to strengthen five pillars of diabetes care: increased awareness of diabetes; early diagnosis of diabetes; access to quality care by trained professionals; stable and affordable insulin supply; and improved self-management through patient education.

Increasing initiatives by Government of Kenya by Implementation of National Diabetes 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 diabetes, Increased initiatives by private pharmaceutical companies and partnerships with Government and increase in the healthcare expenditure are fuelling growth in diabetes treatment market in Kenya.

Diabetes 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 and unwillingness to adopt healthier lifestyles are hindering growth of metabolic disorders therapeutics market.

 

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Market Segmentation

By Drug Class:

On the basis of drug class, drugs are classified into Biguanides, Sulfonylureas, Meglitinides and 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 diabetes 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 is the leading player in the diabetes drug industry. Novo Nordisk is estimated to retain its position owing to increasing partnerships and growing investments to develop superior and cost-effective treatment solutions.

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

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 Diabetes Drugs 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 Diabetes Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Kenya Diabetes Drugs market
Chapter 2: Exclusive Summary - the basic information of the Kenya Diabetes Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Kenya Diabetes Drugs
Chapter 4: Presenting the Kenya Diabetes Drugs 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 Diabetes Drugs 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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2- Competitive breakdown of segment revenue by market players.

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In conclusion, the Kenya Diabetes Drugs 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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