Global Antidiabetics Market Research Report 2020: COVID-19 Outbreak Impact Analysis
Brand Essence Market Research has developed a concise study on the Antidiabetics market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline.
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Global Antidiabetics Market is valued at USD 67.28 Billion in 2018 and expected to reach USD 132.79 Billion by 2026 with the CAGE of 10.2% over the forecast period. Rising incidences of diabetes, changing lifestyle and growing R&D activities are some of the factors driving the growth of the Global Antidiabetics Market.
Scope of Antidiabetics Market Report:
Antidiabetics is commonly used to manage diabetes with the help of antidiabetic agent. It helps a person with diabetes, to control their level of glucose (sugar) in the blood. It mainly includes insulin and the oral hypoglycemic agents. There are different classes of anti-diabetic drugs and their selection depends on the nature of the diabetes, age and situation of the person, as well as on some other factors. Antidiabetic agents denote to all the different types of medicine involved in the treatment of diabetes. All these agents aim to reduce blood sugar levels to an acceptable range (called achieving normoglycemia) and relieve symptoms of diabetes such as thirst, excessive urination, and ketoacidosis (a serious complication of diabetes that occurs when the body cannot use glucose as a fuel source).
Global antidiabetics market report is segmented on the basis of product, drug class, route of administration and regional & country level. Based on product global antidiabetics market is classified as rapid acting insulin, long acting insulin, premixed insulin, short acting insulin, and intermediate acting insulin. Based upon drug class, global antidiabetics market is classified into alpha-glucosidase inhibitors, biguanides, sulphonylureas, GLP-1 agonist, meglitinides, DPP-4 inhibitors, sglt-2, and thiazolidinedione. Based upon route of administration, global antidiabetics market is classified as insulin syringe/insulin pen, insulin pump, intravenous infusion, and oral.
The regions covered in this Global Antidiabetics Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of antidiabetics is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for Global Antidiabetics Market Report- Global antidiabetics market report covers prominent players like Eli Lilly, Novartis, Bayer Corporation, Johnson & Johnson, Pfizer, AstraZeneca, Bristol-Myers Squibb, Oramed Pharmaceuticals, Novo Nordisk, Merck, Boehringer Ingelheim, Takeda Pharmaceutical, Sanofi, and others.
Global Antidiabetics Market Dynamics â€“ Increasing incidence rate of diabetics and rising healthcare expenditure are the fundamental factors which are driving the growth of the market across the globe. As per Diabetes Atlas 8th edition 2017, International Diabetes Federation, there are around 425 million people in the world who are living with diabetes, with Type 2 diabetes accounting for 90 95 % of all cases. This number is expected to increase to 629 million people by 2045. However, the high cost of drugs is considered as a major restraint for the market growth within the forecast period. In spite of that, need for development of affordable drugs, especially in emerging nations will result into huge pipeline portfolio of firms, further offering lucrative growth opportunities in the forecast period.
Geographically, this report split global into several key Regions, revenue (Million USD) the geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Antidiabetics Market.
Key Benefits for Antidiabetics Market Reports
â€¢ Global market report covers in-depth historical and forecast analysis.
â€¢ Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
â€¢ Global market report helps to identify opportunities in market place.
â€¢ Global market report covers extensive analysis of emerging trends and competitive landscape.
Global Antidiabetics Market Segmentation:â€“
â€¢Rapid Acting Insulin
â€¢Long Acting Insulin
â€¢Short Acting Insulin
â€¢Intermediate Acting Insulin
By Drug Class:
By Route of Administration:
â€¢Insulin Syringe/Insulin Pen
â€¢ North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
â€¢ Latin America
o Rest of Latin America
â€¢ Middle East and Africa
o GCC Countries
o Rest of Middle East and Africa
Global Antidiabetics Market Regional Analysisâ€“ North America is expecetd to dominate the global antidiabetics market due to high market penetration of modern insulin products such as long-acting, rapid acting insulin analogs and DPP-4 drugs such as Januvia, Onglyza and Nesina in this region. In addition, presence of highly advanced healthcare infrastructure, patient awareness levels and reimbursement framework are the others major factors contributing to its large share.
Asia Pacific is expeceted to witness a lucrative growth in this market. This growth is attributed to the rapidly improving healthcare expenditure, growing prevalence of type I and type II diabetes and increasing patient disposable incomes in this region. According to American Diabetes Association, in Asia-Pacific, the incidence of type 1 diabetes for young aged 0-9 years was 6.4 per 100,000 person-years and 7.4 per 100,000 person-years for youth aged 10-19 years. The incidence of type 2 diabetes was 12.1 per 100,000 person-years for youth aged 10â€“19 years.
Antidiabetics Market Key Players:
â€¢ Novo Nordisk
â€¢ Eli Lilly
â€¢ Boehringer Ingelheim
â€¢ Takeda Pharmaceuticals
â€¢ Oramed Pharmaceuticals
This comprehensive report will provide:
â€¢ Enhance your strategic decision making
â€¢ Assist with your research, presentations and business plans
â€¢ Show which emerging market opportunities to focus on
â€¢ Increase your industry knowledge
â€¢ Keep you up-to-date with crucial market developments
â€¢ Allow you to develop informed growth strategies
â€¢ Build your technical insight
â€¢ Illustrate trends to exploit
â€¢ Strengthen your analysis of competitors
â€¢ Provide risk analysis, helping you avoid the pitfalls other companies could make
â€¢ Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
â€¢ Which are the driving factors responsible for the growth of market?
â€¢ Which are the roadblock factors of this market?
â€¢ What are the new opportunities, by which market will grow in coming years?
â€¢ What are the trends of this market?
â€¢ Which are main factors responsible for new product launch?
â€¢ How big is the global & regional market in terms of revenue, sales and production?
â€¢ How far will the market grow in forecast period in terms of revenue, sales and production?
â€¢ Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
â€¢ How will each segment grow over the forecast period and how much revenue will these segment account for in 2026?
â€¢ Which region has more opportunities?
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The Essential Content Covered in the Global Antidiabetics Market Report:
* Top Key Company Profiles.
* Main Business and Rival Information
* SWOT Analysis and PESTEL Analysis
* Production, Sales, Revenue, Price and Gross Margin
* Market Share and Size
The report provides a 6-year forecast (2020-2026) assessed based on how the Antidiabetics market is predicted to grow in major regions like USA, Europe, Japan, China, India, Southeast Asia, South America, South Africa, Others.
Strategic Points Covered in TOC:
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Antidiabetics market.
Chapter 2: Evaluating the leading manufacturers of the global Antidiabetics market which consists of its revenue, sales, and price of the products.
Chapter 3: the competitive nature among key manufacturers, with market share, revenue, and sales.
Chapter 4: Presenting global Antidiabetics market by regions, market share and revenue and sales for the projected period.
Chapters 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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