Press release
Diabetes Drug Market Projected to Acquire USD 103.52 Billion by 2032, Growing Almost 5.90% CAGR
Diabetes Drug Market
People of all ages are susceptible to the prevalent illness known as diabetes. Diabetes can take different forms. The most typical type is type 2. Diabetes medications are prescribed to treat both type 1 and type 2 diabetes mellitus while preserving the body's normal blood glucose levels.
There are numerous pharmacological classes available to treat diabetes, and these medications can be injected intravenously or subcutaneously for the treatment of gestational diabetes, impaired glucose tolerance, impaired fasting glucose, and impaired glucose tolerance.
๐ ๐จ๐ซ ๐๐จ๐ซ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐๐ญ ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.polarismarketresearch.com/industry-analysis/global-diabetes-drug-market/request-for-sample
๐๐๐ซ๐ ๐๐ซ๐ ๐๐จ๐ฆ๐ ๐๐ ๐๐ก๐ ๐๐๐ฃ๐จ๐ซ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข Novo Nordisk A/S
โข Merck &Co.
โข Novartis AG.
โข Eli Lily and Company
โข Johnson & Johnson
โข Boehringer Ingelheim GmbH
โข Sanofi
โข AstraZeneca
โข Pfizer
โข Roche Holding AG
An individual is more likely to be overweight or obese due to their bad eating habits and more sedentary lifestyle in cities. Being overweight or obese basically raises the risk of developing type 2 diabetes because fat cells in the body are less receptive to the insulin that the pancreas secretes. Additionally, the market now has more effective and reasonably priced medications, including insulin, due to rising drug approvals and fierce rivalry among pharmaceutical companies. This improves the market's growth prospects going forward.
๐๐๐ซ๐ค๐๐ญ'๐ฌ ๐๐๐ฃ๐จ๐ซ ๐ ๐๐๐ญ๐ฌ
1. The global diabetes drug market was valued at USD 61.75 billion in 2023 and is expected to grow to USD 103.52 billion.
2. The market is anticipated to expand at a CAGR of 5.9% during the forecast period.
3. In 2022, North America is anticipated to dominate the market.
4. Asia Pacific witnesses the highest growth rate in the market.
๐๐๐ญ ๐๐ก๐๐๐ ๐๐ข๐ญ๐ก ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.polarismarketresearch.com/buy/2009/2
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
โข ๐๐ข๐ฌ๐ข๐ง๐ ๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐ซ๐๐ฏ๐๐ฅ๐๐ง๐๐: The primary driver of the diabetes drug market is the increasing prevalence of diabetes globally. Factors such as sedentary lifestyles, unhealthy diets, and aging populations contribute to the growing number of people diagnosed with diabetes.
โข ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ ๐ข๐ง ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ: Continuous research and development efforts have led to the introduction of innovative drugs with improved efficacy and fewer side effects. This drives market growth as healthcare providers seek better treatment options for their patients.
โข ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ: Technological advancements in drug delivery systems, such as insulin pumps and continuous glucose monitoring devices, enhance the management of diabetes and drive demand for associated medications.
โข ๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ ๐๐ง๐ ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐ฉ๐๐ง๐๐ข๐ง๐ : Growing awareness about diabetes management and increasing healthcare expenditure, particularly in emerging economies, contribute to market expansion.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.polarismarketresearch.com/industry-analysis/global-diabetes-drug-market
๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐ซ๐ฎ๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ซ๐ฎ๐ ๐๐ฅ๐๐ฌ๐ฌ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Glycogen-like peptide-1 (GLP-1)
โข Dipeptidyl-peptidase-4 (DPP-4)
โข Sodium glucose co-transporter 2 inhibitor (SGCL2)
โข Insulin
โข Sulfonylureas
โข Glitazones
โข Others
๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐ซ๐ฎ๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐จ๐ฎ๐ญ๐ ๐จ๐ ๐๐๐ฆ๐ข๐ง๐ข๐ฌ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐ - ๐๐๐๐)
โข Oral
โข Intravenous
โข Subcutaneous
๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐ซ๐ฎ๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐ฒ๐ฉ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐- ๐๐๐๐)
โข Type 1
โข Type 2
๐๐ข๐๐๐๐ญ๐๐ฌ ๐๐ซ๐ฎ๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ, ๐๐ข๐ฌ๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง ๐๐ก๐๐ง๐ง๐๐ฅ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐๐๐ฏ๐๐ง๐ฎ๐ - ๐๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐๐๐๐- ๐๐๐๐)
โข Retail Pharmacies
โข Online Pharmacies
โข Hospital Pharmacies
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
๐๐๐๐ซ๐๐๐ฅ๐ ๐๐ซ๐๐๐ฌ๐ญ ๐๐ฎ๐ฆ๐ฉ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/wearable-breast-pumps-market
๐๐๐ญ๐ข๐ง๐ข๐ ๐๐๐ซ๐๐ญ๐จ๐ฌ๐ข๐ฌ ๐๐ซ๐๐๐ญ๐ฆ๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/actinic-keratosis-treatment-market
๐๐ฆ๐ฆ๐ฎ๐ง๐ ๐๐๐๐ฅ๐ญ๐ก ๐๐ฎ๐ฉ๐ฉ๐ฅ๐๐ฆ๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/immune-health-supplements-market
๐๐ฎ๐ซ๐จ๐ฉ๐ ๐๐๐๐จ๐ซ๐๐ญ๐จ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ ๐๐๐ฌ๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/europe-laboratory-developed-tests-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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