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Antidiabetics Market Report 2024: Industry Size, Share, Growth, Trends, Analysis, Competitive Outlook, Forecast to 2033
Antidiabetics Market
As per the report, the antidiabetics market size has grown rapidly in recent years. It will grow from $68.32 billion in 2023 to $76.03 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The antidiabetics market size is expected to see rapid growth in the next few years. It will grow to $117.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
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What Is Driving The Growth Of The Global Antidiabetics Market?
Impact Of The Rising Incidence Of Lifestyle Related Conditions On The Growth Of The Antidiabetics Market
The rising incidence of lifestyle-related conditions is expected to propel the growth of antidiabetics market going forward. Lifestyle-related conditions are health issues caused or exacerbated by behaviors such as poor diet, lack of exercise, smoking, and excessive alcohol consumption. The incidence of lifestyle-related conditions is growing due to poor diet, physical inactivity, and increased stress levels. Antidiabetic medications can help manage lifestyle-related conditions like obesity and metabolic syndrome by improving insulin sensitivity and controlling blood sugar levels.
What Is The Key Trend In The Global Antidiabetics Market?
Advancements In The Antidiabetic Market
Major companies operating in the antidiabetics market are developing advanced products, such as the anti-diabetic biosimilar, to improve glycemic control, reduce the risk of cardiovascular events, and offer more effective treatment options for individuals with diabetes. An anti-diabetic biosimilar is a biologically similar medication to an already approved reference drug used to treat diabetes, offering comparable safety, effectiveness, and quality.
How Is The Global Antidiabetics Market Segmented?
The antidiabetics market covered in this report is segmented -
1) By Drug Class: Insulin, GLP-1 Receptor Agonists, DPP- 4 Inhibitors, SGLT2 Inhibitors, Other Drug Classes,
2) By Diabetes Type: Type 1, Type 2
3) By Patient Population: Antidiabetics For Pediatrics, Antidiabetics For Adults, Antidiabetics For Geriatrics
4) By Route Of Administration: Antidiabetics Administration Through Insulin Syringes Or Insulin Pens, Antidiabetics Administration Through Insulin Pumps, Intravenous Antidiabetics Infusion, Oral Antidiabetics Administration, Other Routes Of Antidiabetics Administration
5) By Distribution Channel: Online Pharmacies, Hospital Pharmacies, Retail Pharmacies
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How Is The Competitive Landscape Of The Global Antidiabetics Market?
Major companies operating in the antidiabetics market are Pfizer Inc., Johnson & Johnson, Merck & Co. Inc., Bayer AG, Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca plc, Abbott Laboratories, Novartis AG, Takeda Pharmaceutical Company Limited, GSK plc, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Biogen, Vertex Pharmaceuticals Incorporated, Servier Laboratories, Sun Pharmaceutical Industries Limited, Cipla Limited, Dr. Reddy's Laboratories, Lupin Limited, Torrent Pharmaceuticals Ltd, Biocon Limited, Glenmark Pharmaceuticals Ltd.
Contents Of The Global Antidiabetics Market
1. Executive Summary
2. Antidiabetics Market Report Structure
3. Antidiabetics Market Trends And Strategies
4. Antidiabetics Market - Macro Economic Scenario
5. Antidiabetics Market Size And Growth
…..
27. Antidiabetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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