Published on : Dec 10, 2018
Albany, New York, December 10, 2018: Accounted as one of the most prevalent lifestyle disorders, diabetes incidences have witnessed visible upsurge in recent years. The condition is expected to remain constant in the near future owing to increased geriatric population as well as prevalent sedentary lifestyle, thus contributing substantially towards diabetes drug market growth encompassing both oral medication as well as injectable.
Rapid advances in insulin medication is also expected to manifest lucrative avenues in diabetes drug market. Such insightful market highlights have been gleaned in Market Research Hub's (MRH) latest report offering titled, 'Diabetes Drug Market by Disease Type, Therapy Type and Region, Forecast 2018-24' included in its voluminous online data archive.
Novo Nordisk Launches Two Novel Injectable Drug in the US Market
Owing to surged demands, pharmaceutical giants are investing substantial resources to diversify their diabetes drug portfolio to address unmet needs across regions, thus influencing reasonable progress in diabetes drug market growth. Additionally, several companies and research institutes are devoting massively towards drug development endeavors to ease administration, thus ensuring superlative patient experience. In a recent development, pharma giant Novo Nordisk has recently unrolled two novel diabetes injectable to address critical diabetes cases.
(DDP) IV Inhibitor Drug Type Expected to Cater Maximum Diabetes Cases
This report on diabetes drug market is a comprehensive handbook of crucial market developments to aid readers’ perspectives and eventual investment discretion. The report presents vital details on market definition and dynamics, complete with an elaborate opportunity assessment to offer vital entry point cues. The report also presents pivotal details on market segments such as drug type and disease type. Based on drug type, diabetes drug market is classified into oral, injection, and insulin. Based on oral, diabetes drug market exhibits (DDP) IV inhibitor, SGL-2, alpha glucosidase inhibitor, and biguanide amongst other oral drugs. Injection segment is further sub-segregated into glucagon-like peptide (GLP) 1 agonist and amylin receptor agonist. Rapid acting, long acting, and premixed insulin are identified as core insulin types in diabetes drug market. In terms of disease type, gestational, Type I and Type II are categorized as major diabetes drugs.
United States Emerges as a Lucrative Market for Diabetes Drug
In the subsequent sections, the report enlists crucial details on regional expanse and scope of diabetes drug market. In terms of regional diversity, this section of the report on diabetes drug market offers a country-wise segregation. United States, European Union, Japan, Canada, China, Brazil, and India are identified as core countries.
Competition Matrix: Diabetes Drug Market
In the trailing sections of the report on diabetes drug, readers are offered insightful details on leading market players in diabetes drug market, complete with an elaborate description of their marketing mix, market contribution, as well as recent developments such as product launches and strategic collaborations and mergers. Some of the leading players identified in diabetes drug market comprise Novo Nordisk, Merck & Co, Eli Lilly, AstraZeneca, and Boehringer Ingelheim
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