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Growing Prevalence Of Diabetes Driving Demand For Diabetic Neuropathy Market, Say's TBRC - Pfizer Inc., Eli Lilly and Company, GSK PLC (GlaxoSmithKline PLC), Daiichi Sankyo Company Limited

Diabetic Neuropathy Market

Diabetic Neuropathy Market

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Diabetic Neuropathy Market Size, Growth Rate, And Forecast

The global diabetic neuropathy market size is expected to grow from $4.52 billion in 2022 to $4.97 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global diabetic neuropathy market size is expected to reach $6.90 billion in 2027 at a CAGR of 8.5%.

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Diabetic Neuropathy Market Drivers

The rising prevalence of diabetes is expected to boost the growth of the diabetic neuropathy market going forward. Diabetes is a persistent disorder where the body struggles to use and store glucose appropriately (a type of sugar). Diabetes occurs when the body either does not create enough insulin (a hormone that aids in blood sugar regulation) or does not use insulin effectively. Diabetic neuropathy is a type of nerve injury that can occur in diabetics with d different forms of nerve damage causing different symptoms. For instance, in August 2022, according to the IDF Diabetes Atlas report published by the International Diabetes Federation, a Belgium-based global diabetes community and an umbrella organization of over 230 national diabetes associations, 6.7 million deaths were attributed to diabetes in the year 2021, which is equivalent to one death every five seconds. There are currently 537 million adults (aged 20-79) living with diabetes, or 1 in 10 people. It is estimated that this number will increase to 643 million by 2030 and 783 million by 2045. Therefore, the rising prevalence of diabetes is driving the growth of the diabetic neuropathy market.

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Diabetic Neuropathy Market Segments

• By Disorder: Peripheral Neuropathy, Autonomic Neuropathy, Proximal Neuropathy, Focal Neuropathy

• By Drug Class: Analgesics, Anti-Depressants, Anti-consulvants, Other Drug Classes

• By Treatment: Drug Treatment, Radiotherapy, Physiotherapy, Other Treatments

• By Distribution Channel: Online Distribution, Offline Distribution

• By End-user: Hospitals, Specialty Clinics, Other End-users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the diabetic neuropathy market.

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Diabetic Neuropathy Market Key Players
Major competitors in the diabetic neuropathy market are Pfizer Inc., Eli Lilly and Company, GSK PLC (GlaxoSmithKline PLC), Daiichi Sankyo Company Limited, Johnson & Johnson, Glenmark Pharmaceuticals Limited.

The Business Research Company's "Global Diabetic Neuropathy Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Diabetic Neuropathy Market Include:
1. Executive Summary
2. Diabetic Neuropathy Market Characteristics
3. Diabetic Neuropathy Market Trends And Strategies
4. Diabetic Neuropathy Market - Macro Economic Scenario
5. Diabetic Neuropathy Market Size And Growth
………………
27. Diabetic Neuropathy Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Diabetic Neuropathy Market
29. Diabetic Neuropathy Market Future Outlook and Potential Analysis
30. Appendix

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