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Diabetes Therapies Market Global Analysis & Forecast 2023
Posted: Apr 22, 2019
Diabetes Therapies Market Characteristics:
The diabetes therapies market consists of manufacturers’ sales of drugs and therapies for treating diabetes. The drugs most commonly used are alpha-glucosidase inhibitors, biguanides/metformin, sulfonylureas, meglitinides and thiazolidinediones. Innovative techniques relating to diabetes therapies research and development include gene editing, and identification of microbial strains for treatment of diabetes. These advances have created new treatments for diabetes.
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Companies Mentioned in The Diabetes Therapies Market:
- NOVO NORDISK A/S,
- Eli Lilly And Company,
- Sanofi S.A.,
- Merck & Company, Inc
Diabetes Therapies Market Size:
The diabetes therapies market size is expected to reach $70 billion by 2023, growing at a CAGR of around 6%. The growth in the diabetes therapies market can be attributed to increasing investments and government initiatives in the healthcare industry. One of the key drivers of the market includes-Ageing population, the increased size of the geriatric population globally contributed to the growth of the diabetes therapies market during the historic period. The incidence of diabetes, particularly type 2 diabetes, rises with increasing age. During 2013-2017, globally the number of people over the age of 65 grew from below 450 million to 601 million - an increase of about 33%, according to estimates based on US Population Reference Bureau data. This rise in the geriatric population increased the number of diabetic patients and drove the market during the historic period.
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Potential Opportunities In The Diabetes Therapies Market:
With increase in positive economic outlook, improved earning capacity, emerging markets growth, the scope and potential for the global Diabetes Therapies market is expected to significantly rise in the forecast period.
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Few Chapters from Table Of Content:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
- Introduction
- Diabetes Therapies Market Characteristics
- Diabetes Therapies Supply Chain
- Diabetes Therapies Market Product Analysis – Example Products
- Diabetes Therapies Market Regional Analysis
- Diabetes Therapies Market Metrics
- Asia-Pacific Diabetes Therapies Market
- Western Europe Diabetes Therapies Market
- Eastern Europe Diabetes Therapies Market
- North America Diabetes Therapies Market
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