According to the report by Expert Market Research (EMR), the global diabetes drugs market growth, reached a value of USD 70.73 billion in 2022. Aided by the escalating prevalence of diabetes and the growing range of therapeutic options, the market is projected to further grow at a CAGR of 5.3% between 2024 and 2032 to reach a value of USD 112.58 billion by 2032.
Diabetes drugs include various types of medicines, such as insulin, metformin, DPP-4 inhibitors, SGLT-2 inhibitors, and GLP-1 receptor agonists, which are commonly used to regulate blood sugar levels in patients with diabetes. These medications play a critical role in managing blood glucose, preventing complications, and improving the overall quality of life for people living with diabetes. Beyond their glucose-regulating capabilities, many diabetes drugs offer added benefits like weight management, cardiovascular health, and kidney protection, making them an indispensable part of comprehensive diabetes care.
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The escalating global prevalence of diabetes is a key driver for the global diabetes drugs market growth. With a growing awareness of the health risks associated with uncontrolled blood sugar levels, there has been a notable increase in the demand for effective diabetes medications. Additionally, the rising trend of unhealthy lifestyles and obesity, both major contributors to type 2 diabetes, have further fuelled the demand for diabetes drugs.
The expanding applications of diabetes drugs in various therapeutic areas also contribute significantly to the global diabetes drugs market expansion. In the pharmaceutical industry, advancements in diabetes drugs have led to the development of combination therapies, providing improved glucose control with fewer side effects. The weight loss industry also utilises some diabetes drugs, such as GLP-1 receptor agonists, for their weight-reducing properties, which are crucial in the management of obesity—a key risk factor for type 2 diabetes.
Moreover, the increasing demand for personalised medicine in the healthcare industry has highlighted the need for targeted diabetes treatments. With advancements in genomics and precision medicine, diabetes treatments are becoming increasingly tailored to individual patients, enhancing treatment outcomes and reducing side effects. This trend has further accelerated the growth of the global diabetes drugs market.
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Diabetes Drugs Market Segmentation
The market can be divided based on drugs, diabetes type, distribution channel, end user, and region.
Market Breakup by Drugs
- Oral Anti-diabetic Drugs
- Alpha-glucosidase Inhibitor
- Bile Acid Sequestrants
- Dopamine-2 Agonists
- DPP-4 Inhibitors
- SLGT2 Inhibitors
- Oral Combination Therapy
- Insulin Glargine
- Insulin Aspart
- Human Insulin
- Biosimilar Insulin
Market Breakup by Diabetes Type
- Type I
- Type II
Market Breakup by Distribution Channel
- Online Retailers
- Hospital Pharmacies
- Retail Pharmacies
Market Breakup by End User
- Personal Use
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global diabetes drugs companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Eli Lilly and Company
- AstraZeneca Plc.
- Sanofi-aventis Groupe
- Merck & Co., Inc.
- Home Diagnostics Inc.
- Takeda Pharmaceutical Company Limited.
- Novartis AG
- Boehringer Ingelheim International GmbH
- Novo Nordisk A/S
- Ypsomed AG
- Ascensia Diabetes Care Holdings AG
- Dexcom, Inc.
- Sanofi-Deutschland GmbH
- Roche Products Limited
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