Latest industry research report on Diabetes Drugs Market. Diabetes is a condition with abnormally high level of insulin in blood. Diabetes Drugs are used to treat diabetes mellitus by lowering the glucose levels in the blood. Type 1 Diabetes is a condition caused by the lack of insulin, whereas Type 2 Diabetes is a condition caused due to insulin resistance by cells.
The approvals of new drugs such as Canagliflozin and dapagliflozin for the treatment of diabetes, would create numerous opportunities for new as well as existing players in the global diabetes drugs market. The increasing diabetic population, technological innovations and the increasing adoption rate in developing regions are the key factors, which would drive the growth of global diabetes drugs market over the analysis period.
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Two major factors that restrain the market growth are stringent regulatory environment and time consuming approval process.
For instance, recently in 2015, Novo Nordisk launched the diabetes drug Ryzodeg in India. This drug, which requires fewer injections, has helped the company (Novo Nordisk) to efficiently cater to a large diabetic population base in India. The companies profiled in this report are Abbott laboratories, Bayer healthcare, Biocon ltd, Bristol-Myers Squibb, Dr. Reddy’s laboratories ltd, Eli lilly and company, Glaxosmithkline, Lupin ltd, Piramal healthcare ltd and Ranbaxy laboratories ltd.
The Diabetes Drugs Market is segmented as below:
Diabetes Drugs Market By Drug Type
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- Meglitinides and D-Phenylalanine Derivatives
- DPP-4 Inhibitors
- Alpha-glucosidase Inhibitors
- Bile Acid Sequestrants
- Others (Combination Pills)
Diabetes Drugs Market By Application
- Type 1 Diabetes
- Type 2 Diabetes
Diabetes Drugs Market By Geography
- North America
- Asia Pacific
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