Diabetes Care Drugs Market Size, Share, Growth (2022-27) | Industry Analysis

 

Market Overview

The Diabetes Care Drugs Market is expected to register a CAGR greater than 3% over the forecast period, 2022–2027.

Diabetes is a chronic, life-threatening disease with no known cure. As per the World Health Organization, there are over 400 million people with diabetes across the world, and its treatment constitutes around 12% of the total healthcare expenditure on a global scale. It has emerged as a global epidemic and afflicted millions worldwide. The significant growth in the market can be attributed to factors, such as the rising prevalence of diabetes and the increasing number of programs initiated by various health organizations related to health awareness. Currently, about 10% of all diabetes cases are Type-1 and the remaining are Type-2.

As of 2021, North America accounted for a major share of the market, followed by Asia-Pacific. The increase in the number of diabetes patients is primarily due to increasing obesity among people caused by unhealthy diets and sedentary lifestyles. The market in Asia-Pacific is mainly driven by increasing demand for diabetes drugs from China and India. Currently, China has over 129 million diabetes patients, while the number of diabetes patients in India is expected to reach 82 million by 2027.

Based on drugs, the insulin segment holds a significant share in the market. Over 100 million people around the world need insulin, including all the people suffering from Type-1 diabetes and between 10% and 25% of people with Type-2 diabetes. Production of insulin is very complex, and there are very few companies in the market that manufacture insulin. Due to this, there is high competition between these manufacturers, who always strive to meet the patient’s needs to supply the best-quality insulin.

Scope of the Report

Diabetes or diabetes mellitus describes a group of metabolic disorders characterized by a high blood sugar level in a person. With diabetes, the body either does not produce enough insulin or the body’s cells do not respond properly to insulin, or both. The diabetes care drugs market is segmented by drugs into Insulin (Basal or Long-Acting, Bolus or Fast-Acting, Traditional Human Insulin Drugs, and Insulin Biosimilars), Oral Anti-Diabetic Drugs (Alpha-Glucosidase Inhibitors, DPP-4 Inhibitors, and SGLT-2 Inhibitors), Non-Insulin Injectable Drugs (GLP-1 Receptor Agonists, and Amylin Analogue), and Combination Drugs (Combination Insulin, Oral Combination).

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