The Diabetic Therapy Market size is projected to reach a CAGR of 17% from 2022 to 2028.
Diabetes is a medical condition that arise due to the inability of the body to contain and alter the blood sugar levels as per the needs. This occurs either due to decreased secretion of insulin by the pancreas or could also occur due to the genetic disorder. The major therapy used for the treatment is gene therapy.
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Increased incidents of diabetes along with the recent development in the sector are some of the factors that have supported long-term expansion for Diabetic Therapy Market.
Recent Developments
In December 2020, AstraZeneca completed the acquisition of Alexion with an aim of moving further in the sector of immunology.
Prominent Players
- Astrazeneca plc
- Boehringer ingelheim gmbh
- Eli lilly and company
- Glaxosmithkline plc
- Johnson & johnson
- Merck & co., inc.
- Novartis ag
- Novo nordisk
- Sanofi s.a.
- Takeda pharmaceutical company limited
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North America to Dominate the Market
North America is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the increased investments in the sector and also the favourable governmental policies.
Diabetic Therapy Market Segmentation:
On the basis of Product
- Injectables
- Insulin
- Glucagon-like Peptide-1 (GLP-1) Receptor Agonists/Incretin
- Amylinomimetic Drugs
- Oral-antidiabetic Drugs (OAD)
- Biguanides
- Sulfonylureas
- Thiazolidinediones
- Alpha-glucosidase Inhibitors
- Dipeptidyl Peptidase IV (DPP-4) Inhibitors/Gliptins
- Meglitinides
- Sodium-glucose Cotransporter-2 (SGLT2) Inhibitors/Gliflozins
Based on region:
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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