Diabetes Gastroparesis Market grows with rising prevalence of diabetes
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The global diabetes gastroparesis market is segmented on the basis of drug class, disease indications, and distribution channels. The drug class segment of the global diabetes gastroparesis market is further segmented into antihistamines, antibiotics, anti-emetics, and others. The disease indication segment is segmented into compensated gastroparesis and gastric failure. The distribution channels segment is further segmented into hospital pharmacies, online pharmacies, retail pharmacies, and drug stores. Among the distribution channels segment, the hospital pharmacies segment is expected to dominate the global diabetes gastroparesis market during 2017-2025.
Rising prevalence of diabetes, increasing geriatric population, and sedentary lifestyle habits are some of the major factors responsible for the growth of the diabetes gastroparesis market in recent years. According to the International Diabetes Federation (IDF), and World Health Organization (WHO) statistics, in 2014, an estimated 422 million people in the world were suffering from diabetes. Also, the global prevalence rate of diabetes in adults has increased from 4.7% (of total population) in 1980, to 8.5% (of total population) in 2014. The World Health Organization (WHO) estimates that diabetes will be the 7th leading cause of death in the world by 2030. Increasing geriatric population around the world and sedentary lifestyles have led to increasing incidence of diabetic cases at an alarming rate. These are some of the major factors likely to be responsible for driving the growth of the global diabetes gastroparesis market during 2017-2025.
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Region wise, the global diabetes gastroparesis market is segmented into five major regions - North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the global diabetes gastroparesis market in 2016, owing to large patient population suffering from diabetes, and changing lifestyle habits. According to International Diabetes Federation (IDF), out of the estimated 422 million people in the world suffering from diabetes, an estimated 230 million people were living in the Asia Pacific region. Also, the geriatric population in countries of Asia Pacific region such as China, India, and Japan, are among the highest in the world, and increasing life expectancy in these countries is contributing to rise in prevalence of diabetes and diabetic neuropathy, leading to increasing incidence of diabetes gastroparesis. North America accounted for the second largest market share of the global diabetes gastroparesis market followed by Europe. However, the Middle East & Africa region is expected to register the highest CAGR in the global diabetes gastroparesis market during 2017-2025, owing to maximum incidence rate of diabetes in countries including Saudi Arabia, UAE, and Qatar.
Some of the key players in the global diabetes gastroparesis market are Medtronic, Kimberly-Clark Corporation, Abbott Laboratories, Salix Pharmaceuticals, Inc., Boston Scientific Corporation, C. R. Bard, Inc., Janssen Global Services, LLC, Cardinal Health, Inc., Alfa Wassermann SPA, Evoke Pharma, and Rhythm Pharmaceuticals, Inc., among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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