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Non-insulin Therapies for Diabetes Market Size is Expected to Rise at a CAGR of 5.8% by 2034: TMR Research
Non-insulin Therapies for Diabetes
Non-insulin Therapies for Diabetes Market (당뇨병 시장을 위한 비인슐린 치료법) is expected to grow at a CAGR of 5.8% from 2024 to 2034 and reach US$ 58.6 Bn by the end of 2034
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Overview of Non-insulin Therapies for Diabetes Market
The global non-insulin therapies market is witnessing significant growth, driven by the rising prevalence of diabetes, technological advancements in drug development, and increasing patient preference for non-invasive treatments. The market is segmented by drug class (GLP-1 receptor agonists, DPP-4 inhibitors, SGLT-2 inhibitors, alpha-glucosidase inhibitors, amylin analogs, and others), route of administration (oral, injectable), end-users (hospitals, clinics, home care settings), and geographical regions.
Top Companies:
GSK plc
Eli Lilly and Company
Sumitomo Pharma
Intarcia Therapeutics
Servier Laboratories
Pfizer Inc.
Merck & Co., Inc.
Dong-A Pharmaceutical Co., Ltd.
Luye Pharma Group
Eurofarma Laboratories SA
Recent Developments in Non-insulin Therapies Market
Recent advancements and trends in the non-insulin therapies market include:
Innovative Drug Classes: Development of novel drug classes such as GLP-1 receptor agonists, DPP-4 inhibitors, and SGLT-2 inhibitors that offer improved glycemic control and additional benefits like weight loss and cardiovascular protection.
Fixed-dose Combinations: Introduction of fixed-dose combination therapies that combine multiple mechanisms of action in a single pill, simplifying treatment regimens and improving adherence.
Extended-release Formulations: Development of extended-release formulations that reduce dosing frequency, enhance patient compliance, and provide more consistent glycemic control.
Digital Health Integration: Integration of digital health technologies, such as mobile apps and wearable devices, to monitor glucose levels, track medication adherence, and provide personalized feedback.
Biosimilars and Generics: Increasing availability of biosimilars and generic versions of non-insulin therapies, making these treatments more affordable and accessible.
Drivers of Market Growth
Several factors contribute to the growth of the non-insulin therapies market:
Rising Diabetes Prevalence: Increasing global prevalence of diabetes, driven by aging populations, rising obesity rates, and sedentary lifestyles, necessitates effective management options.
Patient Preference: Growing patient preference for non-insulin therapies due to their non-invasive nature, fewer side effects, and additional health benefits.
Technological Advancements: Continuous advancements in drug development technologies, leading to the creation of more effective and safer non-insulin therapies.
Healthcare Policies: Favorable healthcare policies and government initiatives aimed at improving diabetes management and patient outcomes.
Focus on Personalized Medicine: Increasing focus on personalized medicine, which tailors treatment plans based on individual patient profiles, enhancing the efficacy of non-insulin therapies.
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Market Segmentation:
Drug Class
Biguanides
Sulfonylureas
Thiazolidinediones
Alpha-Glucosidase Inhibitors
DPP-4 Inhibitors
GLP-1 Analogs
Sodium-glucose co-transporter-2 (SGLT2) Inhibitors
Route of Administration
Oral
Intramuscular
End-user
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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