The non-insulin therapies for diabetes global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Non-Insulin Therapies For Diabetes Market, 2024 report by The Business Research
Company offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The non-insulin therapies for diabetes market size has grown strongly in recent
years. It will grow from $18.71 billion in 2023 to $19.98 billion in 2024 at a
compound annual growth rate (CAGR) of 6.8%. The growth in the historic period
can be attributed to increasing diabetes prevalence, increasing awareness of
diabetes management, rise in healthcare expenditure, shift in lifestyle changes
leading to higher incidence rates, surge in diagnosis, increasing government
initiatives for diabetes care, and increasing investment in pharmaceutical
R&D.
The non-insulin therapies for diabetes market size is expected to see strong
growth in the next few years. It will grow to $26.14 billion in 2028 at a
compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period
can be attributed to rising diabetes prevalence, increasing awareness of
diabetes management, growing adoption of combination therapies, expanding
geriatric population, increasing healthcare expenditure, expansion of
telemedicine, and growing preference for oral medications. Major trends in the
forecast period include advancements in oral and injectable medications,
advancements in drug delivery systems, advancements in oral peptide delivery,
adoption of telemedicine and digital health solutions, and advancements in
combination therapies.
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Scope Of Non-Insulin Therapies For Diabetes Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Non-Insulin Therapies For Diabetes Market Overview
Market Drivers -
The increase in the prevalence of diabetes is expected to propel the growth of
non-insulin therapies for the diabetes market going forward. Diabetes is a
chronic medical condition characterized by high blood glucose (sugar) levels.
It occurs when the body cannot produce enough insulin or properly use the
insulin it makes. The cases of diabetes is growing due to sedentary lifestyles,
unhealthy diets, genetic predisposition, aging populations, obesity, ethnicity,
lack of awareness, limited access to healthcare, and environmental factors.
Non-insulin therapies for diabetes help treat the condition by improving
insulin sensitivity, reducing glucose production in the liver, increasing
glucose uptake in muscle cells, and enhancing overall glycemic control. For
instance, in 2021, according to the International Diabetes Federation, a
US-based umbrella organization, approximately 537 million adults (20-79 years)
were living with diabetes in the world. The total number of people living with
diabetes is projected to rise to 643 million by 2030 and 783 million by 2045.
Therefore, the increase in the prevalence of diabetes will drive the
non-insulin therapies for diabetes market.
Market Trends -
Major companies operating in the non-insulin therapies for diabetes market are
developing personalized diabetes management systems to enhance patient outcomes
through real-time monitoring, data analytics, and customized treatment plans. A
customized diabetes management system adapts treatment and monitoring based on
each patient's unique needs, leveraging real-time data and analytics to enhance
care and results. For instance, in November 2022, Eli Lilly and Company, a
US-based pharmaceutical company, launched the Tempo personalized diabetes management
platform. The Tempo platform includes three main elements, such as the Tempo
Smart Button, the TempoSmart app, and the prefilled insulin pen, the Tempo Pen.
These components collaborate to provide tailored guidance for adults with
diabetes. The technology is designed to assist adults with type 1 or type 2
diabetes and their healthcare providers in making informed, data-driven
treatment decisions using Lilly insulins.
The non-insulin therapies for diabetes market covered in this report is
segmented –
1) By Drug Class: Biguanides, Sulfonylureas, Thiazolidinedione’s,
Alpha-Glucosidase Inhibitors, Dipeptidyl peptidase-4 (DPP-4) Inhibitors,
Glucagon-like peptide-1 (GLP-1) Analogs, Sodium-glucose co-transporter-2
(SGLT2) Inhibitors
2) By Route Of Administration: Oral, Intramuscular
3) By Distribution Channel: Retail Pharmacy, Hospital Pharmacy, Online Pharmacy
4) By Application: Monitoring, Diagnosis, Treatment, Other Applications
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Regional Insights -
North America was the largest region in the non-insulin therapies for diabetes
market in 2023. The regions covered in the non-insulin therapies for diabetes
market report are Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
Key Companies -
Major companies operating in the non-insulin therapies for diabetes market are
<b>Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Sanofi,
The Bristol-Myers Squibb Company, AstraZeneca plc, Novartis AG, GSK plc, Takeda
Pharmaceutical Company Limited, Eli Lilly and Company, Novo Nordisk A/S,
Boehringer Ingelheim International GmbH, Les Servier Laboratories, Sumitomo
Dainippon Pharma Co. Ltd., Jiangsu Hansoh Pharmaceutical Group Co. Ltd., Uni-Bio
Science Group Ltd., Intarcia Therapeutics, Janssen Pharmaceuticals, Boan
Biotech, SatRx LLC</b>
Table of Contents
1. Executive Summary
2. Non-Insulin Therapies For Diabetes Market Report Structure
3. Non-Insulin Therapies For Diabetes Market Trends And Strategies
4. Non-Insulin Therapies For Diabetes Market – Macro Economic Scenario
5. Non-Insulin Therapies For Diabetes Market Size And Growth
…..
27. Non-Insulin Therapies For Diabetes Market Competitor Landscape And Company
Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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