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Global Diabetes Drugs Market 2016: Type 1 Diabetes , Type 2 Diabetes
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The increasing diabetic population, technological innovations and the increasing adoption rate in developing regions are the key factors, which would drive the growth of global diabetes drugs market over the analysis period. Two major factors that restrain the market growth are stringent regulatory environment and time consuming approval process.
The global diabetes drugs market, is segmented on the basis of Drug type, Application and Geography. The drug types considered, in this report include Injectable Drugs and Oral Drugs. Injectable drugs are further classified into Insulin, Exenatide, Liragultide and Pramlintide. Oral drugs are further classified into Biguanides, Sulfonylureas, Meglitinides and D-Phenylalanine Derivatives, Thiazolidinediones, DPP-4 Inhibitors, Alpha-glucosidase Inhibitors, Bile Acid Sequestrants and Others. (Combination Pills). Based on application, the global diabetes drugs market is classified into Type 1 Diabetes and Type 2 diabetes. Geographically, the report is segmented across four regions namely North America, Europe, Asia Pacific and LAMEA.
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One of the strategies adopted by major market players is product launch. For instance, recently in 2015, Novo Nordisk launched the diabetes drug Ryzodeg in India. This drug, which requires fewer injections, has helped the company (Novo Nordisk) to efficiently cater to a large diabetic population base in India. The companies profiled in this report are Abbott laboratories, Bayer healthcare, Biocon ltd, Bristol-Myers Squibb, Dr. Reddy's laboratories ltd, Eli lilly and company, Glaxosmithkline, Lupin ltd, Piramal healthcare ltd and Ranbaxy laboratories ltd.
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