Industry Outlook and Trend Analysis:
Antidiabetics Market was worth USD 40.56 billion in 2014 and is expected to reach approximately USD 99.22 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 10.45% during the forecast period.
Developing aged populace alongside raising diabetes commonness over the globe should drive the antidiabetics market. As per WHO, diabetes will be among the main sources of death by 2030 which represents a significant burden on the healthcare systems. These aspects will positively affect the worldwide use of insulin and additionally different antidiabetics including DPP-4 and GLP-1 over the gauge time frame. Leading sedentary lifestyle will add to expanding levels of obese populace over the world. Increasing consumption of tobacco, raised cholesterol levels and high blood pressure are major factors related with obesity and diabetes quickening the interest for insulin and other antidiabetic products in the upcoming years. Various campaigns for awareness and education programs composed by associations and diabetes societies to build awareness levels and provide information about diabetes control will drive industry extension.
Competitive Insights:
The leading players in the market are Takeda Pharmaceutical Company, Pfizer, Sanofi, Novo Nordisk, Boehringer Ingelheim, AstraZeneca, Eli Lilly and Company, Merck & Co and Oramed Pharmaceuticals Inc.
The Antidiabetics Market is segmented based on as follows-
By Product:
Long Acting
Premixed Insulin
Intermediate Acting
Rapid Acting
Premixed Analog
Short Acting
Biguanides
Sulphonylureas
Alpha-Glucosidase Inhibitors
DPP-4 Inhibitors
Thiazolidinedione
GLP-1 Agonist
Meglitinides
SGLT-2
By Application:
Type I Diabetes
Type II Diabetes
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
…
5.Antidiabetics Market, By Product
5.1.Introduction
5.2.Global Antidiabetics Revenue and Market Share by Product (2014-2018)
5.3.Long Acting
5.4.Premixed Insulin
5.5.Intermediate Acting
5.6.Rapid Acting
5.7.Premixed Analog
5.8.Short Acting
5.9.Biguanides
5.10.Sulphonylureas
5.11.Alpha-Glucosidase Inhibitors
5.12.DPP-4 Inhibitors
5.13.Thiazolidinedione
5.14.GLP-1 Agonist
5.15.Meglitinides
5.16.SGLT-2
6.Antidiabetics Market, By Application
6.1.Introduction
6.2.Global Antidiabetics Revenue and Market Share by Application (2014-2018)
6.3.Type I Diabetes
6.4.Type II Diabetes
To be continued...
Regional Outlook and Trend Analysis:
The United States antidiabetics market represented biggest regional share in 2016 inferable from high predominance of diabetes in the nation. Increasing aged populace, expanding obesity, adopting unhealthy habits and absence of physical movement are the significant hazard factors for the expanding diabetes commonness adding to ascend sought after for insulin and other hostile to diabetic product over the coming couple of years. Germany antidiabetics market will encounter a hearty development over the conjecture time frame because of rising predominance of sort II diabetes which additionally results to expanded usage rate of antidiabetics in the nation.
Research Methodology:
We utilize both essential and in addition optional research for our market overviews, gauges and for creating estimate. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
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