A latest report from Absolute Markets Insights covers insights into the global Non-insulin Therapies for Diabetes market. This comprehensive report offers insights into the market, models and drivers of business growth. Also includes Non-insulin Therapies for Diabetes market share, sales volume and education charts. Research analysts have combined important and additional information, such as commitments from market leaders, into a well-crafted report. This report is an essential insight into strategies and information and is primarily aimed at business leaders. The main objective of this Non-insulin Therapies for Diabetes report is to provide industry knowledge and help our clients achieve natural growth in their respective fields. The Non-insulin Therapies for Diabetes report also shows a new uptrend that includes market conditions and market forecast 2022-2030.
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Some of the major players operating in the global Non-insulin Therapies for Diabetes market include: Eli Lilly and Company, Eurofarma Laboratorios S.A., GlaxoSmithKline plc, Merck Sharp & Dohme Corp. (subsidiary of Merck & Co., Inc), Novo Nordisk, Luye Pharma Group, and Pfizer Inc. among others.
Global non-insulin therapies for diabetes market was valued at US$ 61,090.1 million in 2022 and is estimated to reach US$ 105,461.5 million by 2030, growing at a CAGR of 6.3% over the forecast period.
The competitive landscape of the market study contains a broader analysis of the regions including North America, Europe, Asia-Pacific, Middle East and Africa, Latin America, which are expected to capture the essence of the market in its broadest category. The list encompasses significant players who manage the sector based on the system’s overall production capabilities, environmental contributions, appropriate channels, and territorial proximity through a system of primary and secondary research methodologies followed by an in-house analytical model. Furthermore, the generated income and a generalized market share for the market is presented with the help of graphs, charts and tables.
Furthermore, the report also contains important collaborations, mergers and acquisitions, key market trends and business policies are evaluated. The study contains primary and secondary information pertaining to the Non-insulin Therapies for Diabetes Market in terms of its global status, market size, growth forecasts, trends, segments, and a detailed forecast.
Key insights from the report:
- The report provides key statistics on the market status of Non-insulin Therapies for Diabetes Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
- The report provides a basic overview of the industry, including its definition, applications and manufacturing technology.
- The report features the company profile, product specifications, capacity, production value and market share 2022-2030 for the top vendors.
- The total market is further divided by company, by country and by application/type for the analysis of the competitive landscape.
- The report then estimates the 2022-2030 market development trends of the P2P Loans industry.
- Analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
- The report makes some important proposals for a new project of Non-insulin Therapies for Diabetes Market before evaluating its feasibility.
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Covid-19 cumulative impact:
This study presents insights into COVID-19 on consumer behavior and changes in demand, purchasing patterns, supply chain reorganization, dynamics of market forces, and substantial government involvement. The new research provides insights, analysis, estimates and predictions in light of the effect of COVID-19 on markets. The Non-insulin Therapies for Diabetes Market report provides a solid observation on the prominent players in terms of strategic analysis, micro and macro market trends and opportunities, pricing trends, and a generalized overview of the market. The Non-insulin Therapies for Diabetes Market is a detailed study packed with primary and secondary market factors, market share, leading segments and a proper geographic analysis.
Key questions answered in this report:
- What will the market size and growth rate be in 2030?
- What are the key drivers of the global market?
- What are the key market trends impacting the growth of the global market?
- What are the market growth challenges?
- Who are the key vendors in the global market?
- What are the global market opportunities and challenges for sellers?
- What are the key findings of the global five-point analysis of the Non-insulin Therapies for Diabetes market?
Increasing demand for combination therapy and rapid advancements in diabetes treatment are fueling the global non-insulin therapies for diabetes market growth. Combination therapies such as administration of anti-hyperglycemic drugs alone or in combination with insulin used for the treatment of type 2 diabetes. Moreover, from the demand side, surge in people suffering from type 2 diabetes happens to be the primary reason behind growing adoption of various non-insulin therapies across the globe.
As per International Diabetes Foundation (IDF), in 2017, the global prevalence of diabetic patients stood at 425 million, of which 400 million were suffering from type 2 diabetes. Moreover, according to the World Health Organization (WHO), in 2017, diabetes was among top three cause of death with more than 30 million cases in the U.S. alone.
Technological advancements expected to be key growth enabler in the non-insulin therapies for diabetes market. Key vendors operating in the market developed technology platforms such as protein oral delivery (POD) technology (Oramed Pharmaceuticals), Eligen (Emisphere Technologies), Axcess (Diabetology), and PharmFilm Technology (MonoSol Rx) for oral administration of GLP-1 agonists. Moreover, companies such as Panacea and ScinoPharm are in the early stage development of oral capsules for the DPP4 inhibitors.
However, patent expiries of the currently available drugs, and the potential health hazards associated with the use of these inhibitors proves to be major hurdle in market expansion path.
Thiazolidinediones, Insulin secretagogues, alpha-glucosidase inhibitors (AGIs), Sulfonylureas, dipeptidyl peptidase-4 (DPP-4) inhibitors, Glinides/Meglitinides, Amylin agonists, Metformin, Glucagon like peptide-1 (GLP-1) agonists, and Biguanides are some of the products used in the non-insulin therapies for diabetes market. Oral product segment held the largest market share in 2018 and it is estimated to expand at a rapid rate over the projection period. The growth is attributed to the presence of more oral drugs in the market.
North America non-insulin therapies for diabetes market, held largest market share and is estimated to hold its dominance in years to come. As per the International Diabetes Foundation (IDF), in the U.S. alone approximately, 17,100 new cases of diabetes were reported. This high incidence rate is driving the market growth in the concerned region.
Asia Pacific non-insulin therapies for diabetes market is the most lucrative, owing to surge in diabetes burden in India and China. Both countries collectively has more than 180 million people suffering from diabetes. Moreover, according to the American Diabetes Association (ADA), incidence rate of type 2 diabetes in South East Asia is expected to be more than 150%, by 2035.
The report provides both, qualitative and quantitative research of global non-insulin therapies for diabetes market, it also provides penetrative insights into the rational scenario and favored development methods adopted by key contenders. The report also offers extensive research on the key players in the market and detailed insights into the competitiveness of these players. Key business strategies such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts adopted by major players are also recognized and analyzed in the report. For each company, the report recognizes its headquarter, competitors, product/service type, application and specification, pricing, and gross margin.
Global Non-insulin Therapies for Diabetes Market Segmentation:
Global Non-Insulin Therapies For Diabetes Market, By Product (Oral {Thiazolidinediones (TZDs), Insulin Secretagogues, Alpha-Glucosidase Inhibitors (AGIs), Sulfonylureas, Dipeptidyl Peptidase-4 (DPP-4) Inhibitors, Sodium-Glucose Cotransporter-2 (SGLT2) Inhibitors, Glinides/Meglitinides, Metformin, Biguanides, & Others} Injectable {Glucagon-Like Peptide-1 (GLP-1) Agonists, Amylin Agonists, & Others}), By Distributor (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, & Others)– Global Insights, Growth, Size, Comparative Analysis, Trends And Forecast, 2022 – 2030
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