About Diabetes Treatment
The diabetes is caused due to an increase in blood sugar level for a long period. This is due to either pancreas not producing enough insulin or cells of the body not responding to the insulin produced. Diabetes treatment provides a treatment for diabetes patient through insulin diet, oral hypoglycaemic drugs, non-insulin injectable drugs, and diabetes care therapies. Many regional governments have been taking many initiatives providing diabetes cure treatment, is fueling the growth of the market. Additionally, the rising number of developments and new launches of diabetes care devices have been supplementing the market. However, increasing health awareness, changing lifestyle and increasing adoption of yoga for diabetes cure are the limiting factors in the operating market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.98% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Abbott Laboratories, Bayer AG, Eli Lily & Company, Medtronic, AstraZeneca Plc., Lifescan. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Diabetes Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Bayer AG (Germany), Eli Lily & Company (United States), Medtronic (United States), AstraZeneca Plc. (United Kingdom), Lifescan (United States), Terumo Medical Corporation (Japan), Roche Holding AG (Switzerland), Ascensia Diabetes Care Holdings AG (United States) and Becton Dickinson (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dexcom (United States), ARKRAY Healthcare Pvt. Ltd. (India), B. Braun Melsungen (Germany) and Terumo Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Diabetes Treatment market by and Region.
On the basis of geography, the market of Diabetes Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Diabetes Type, the sub-segment i.e. Type 1 Diabetes will boost the Diabetes Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Type, the sub-segment i.e. Blood Glucose Monitoring Device (Testing Strips, Self-monitoring Blood Glucose Meters, Lancets, Continuous Glucose Monitors) will boost the Diabetes Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment Type, the sub-segment i.e. Insulin will boost the Diabetes Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Diabetes Test Type, the sub-segment i.e. Blood Test (A1c Test, Random Blood Sugar Test, Fasting blood sugar test, Oral glucose tolerance test) will boost the Diabetes Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Population Suffering from Diabetes due to Sedentary Lifestyle and Increasing Obese Population across the Globe
Market Growth Drivers:
Increasing Government Initiatives for Providing Diabetes Cure Treatment across the Globe and Rising Demand for Fast, Safe and Better Diabetes Care Products from Highly Populated Countries such as China and India
Challenges:
Adverse Effects Associated with Diabetes Care Devices
Restraints:
Low Awareness about the Diabetes Treatment in the Middle East Region and Increasing Adoption of Yoga for Diabetes Cure
Opportunities:
Rising International Research Collaboration for Diabetes Care Products and Treatment and Increasing Investment in Research and Development Activities lead to New Innovation
Market Leaders and their expansionary development strategies
In January 2024, The International Diabetes Federation (IDF) is delighted to announce the continuation of our partnership with P&G Health. Through our partnership, P&G Health will support IDF in developing an online course on Diabetes and Nerve Health for the IDF School of Diabetes Understanding Diabetes Platform.
In March 2024, Theon Pharmaceutical launches Linagliptin + Dapagliflozin + Metformin Hydrochloride (SR) for type 2 diabetes management for the first time in India. Theon Pharma is excited to announce the launch, for the first time in India, of a groundbreaking pharmaceutical drug combination for type 2 diabetes management.
Key Target Audience
Diabetes Treatment Providers, Diabetes Device Manufacturers, Diabetes Drug Manufacturers, Government Associations and Agencies, Private Research Organizations, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.