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Inadequately Controlled Type-II Diabetes Treatment Market - Global Industry Volume By 2017 to 2025
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Increasing prevalence of diabetes worldwide is the primary factor driving the growth of inadequately controlled type 2 diabetes treatment market. Rising geriatric population and change in life style of people is also responsible for the rapid increasing prevalence of diabetes globally. Increasing initiative by NGO for the treatment of diabetes among the people will boost the growth of this market. Technological advance leads to development of highly improved drugs for the treatment of diabetes will propel the growth of inadequately controlled type 2 diabetes treatment market. On other hand, unfavorable reimbursement policies will restrain the growth of inadequately controlled type2 diabetes treatment market. Besides that, high cost drug and chances of technical error will also impact the growth of inadequately controlled type 2 diabetes treatment market.
The inadequately controlled type 2 diabetes treatment market is expected show robust growth over the forecast period due to rise geriatric population suffering from type 2 diabetes. Type 2 diabetes include 85-90% diabetes case globally. According to 7th edition of the International Diabetes Federation’s (IDF) 415 million people are suffering from diabetes worldwide. Same study also stated that China ranked highest number of people with diabetes which over 100 million people suffering from diabetes. Currently there are very few drugs are available in the market for the treatment of inadequately controlled type 2 diabetes.
Some of the players across the value chain of inadequately controlled type 2 diabetes treatment market are Sanofi S.A., Boehringer Ingelheim GmbH, Eli Lilly and Company and others.
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