Type 1 Diabetes Market Share 2023: Trends, Key Players, Industry Analysis and Forecast 2023-2029

The global type 1 diabetes treatment market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. The market growth is mainly attributed to the growing number of type 1 diabetes patients across the globe especially in emerging economies like India and China. According to the IDF (International Diabetes Federation), in 2020, there were 463 million people in the globe who had diabetes and Type 1 diabetes accounts for around 7-10% of diabetes cases globally. It is most commonly seen in persons older than 45 years. However, due to the rising prevalence of several chronic diseases associated with diabetes, it is also increasingly seen in children, adolescents, and younger adults. Moreover, the increase in the geriatric population, rising demand for non-invasive monitoring devices, and changing lifestyles of people are some of the other factors that drive the growth of the market.

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In addition to this, initiatives are taken by government organizations to control the rising prevalence of diabetes also drives the growth of the market. For instance, Novo Nordisk is working with the Chinese government for strengthening the healthcare system in the country. Under the Cities Changing Diabetes partnership sponsored by Novo Nordisk, six Chinese cities, including Shanghai, Beijing, Tianjin, Xiamen, Chongqing, and Hangzhou, have linked with the Cities Changing Diabetes partnership. Besides, In February 2019, the directorate of health services (government of goa) and Sanofi India join hands to reduce the diabetes burden on the state. The partnership is for 3 years intended to create awareness of diabetes and its management for a better quality of life. Although, in March 2019, AstraZeneca's Forxiga got approved in Europe for type-1 diabetes as an adjunct to insulin in patients with a BMI ? 27 kg/m2.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Insulin Analog

o By Drug Class

o By Devices

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Merck & Co., Inc., Novo-Nordisk A/S, Sanofi S.A., Medtronic, PLC., AstraZeneca, PLC, F. Hoffmann-La Roche Ltd, and Becton, Dickinson, and Co, among others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Type 1 Diabetes Treatment Market Report Segment

By Insulin Analog

Rapid-Acting
Long-Acting
Premix

By Drug Class

Insulin
Non-Insulin

By Devices

Insulin Pumps
Insulin Pen
Blood Glucose Meters
Others

A full report of Type 1 Diabetes Market is available at: https://www.omrglobal.com/industry-reports/type-1-diabetes-market

Type 1 Diabetes Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Abbott Laboratories
AstraZeneca, PLC
Hoffmann-La Roche Ltd
Eli Lilly and Co.
Astellas Pharma Inc.
Becton, Dickinson and Co.
Boehringer Ingelheim International GmbH.
Bristol-Myers Squibb
Dexcom, Inc.
GlaxoSmithKline Plc
Medtronic, PLC
Merck & Co., Inc.
Novartis International AG
Novo-Nordisk A/S

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