The Global Non-insulin Therapies for Diabetes Market Report is a compilation of comprehensive research studies of various aspects of the Non-insulin Therapies for Diabetes Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Non-insulin Therapies for Diabetes market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Non-insulin Therapies for Diabetes market and how they will evolve in the years to come.
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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.. 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.
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.
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Global Non-Insulin Therapies For Diabetes Market:
- By Product
- Thiazolidinediones (TZDs)
- Insulin secretagogues
- Alpha-glucosidase inhibitors (AGIs)
- Dipeptidyl peptidase-4 (DPP-4) inhibitors
- Sodium-glucose cotransporter-2 (SGLT2) inhibitors
- Glucagon-like peptide-1 (GLP-1) agonists
- Amylin Agonists
- By Distributor
- Hospital Pharmacy
- Retail Pharmacies
- Online Pharmacy
- By Geography
- North America
- Rest of North America
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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