About Juvenile Diabetes
Juvenile diabetes, also known as type 1 diabetes or diabetes mellitus, is most often diagnosed in children and millennial whose bodies do not make insulin. Millions of people across the globe live with diabetes or know someone living with diabetes. The majority have type 2 diabetes, but an important minority have type 1 diabetes (approx. 5 percent). Unhealthy food habits, rising obesity rates, and sedentary lifestyle are key contributing factors fuelling the growth of global juvenile diabetes market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.17% |
Competition among existing players is due to the Juvenile Diabetes market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Juvenile Diabetes Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage.The Players having a strong hold in the market are Novo Nordisk (Denmark), AstraZeneca PLC. (United Kingdom), Sanofi (France). Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Juvenile Diabetes 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.
Eli Lilly and Company (United States), Bayer Pharmaceuticals (Germany), Sanofi (France), Novo Nordisk (Denmark), AstraZeneca PLC. (United Kingdom), DiaVacs Inc. (United States), B.BraunMelsungen AG (Germany), Biodel Inc. (United States), Macrogenics Inc. (United States), Takeda Pharmaceutical (Japan) and Wockhardt Ltd. (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Landos Biopharma (United States), XOMA Corp (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Juvenile Diabetes market by Type (Drugs and Delivery Devices), Application (Hospitals, Clinics and Medical Centers) and Region.
On the basis of geography, the market of Juvenile Diabetes 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 Insulin Analog Type, the sub-segment i.e. Rapid-Acting Insulin Analogs will boost the Juvenile Diabetes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in HI Delivery Devices and Increasing Demand for Artificial Pancreas and Home Infusion Therapy for Diabetes Treatment
Market Growth Drivers:
Increasing Rate of Advances in Insulin Delivery Devices and Growth in the Number of Juvenile Diabetic Patients in Developed Economies
Challenges:
Stringent Regulatory Requirements for Product Approval and High Product Manufacturing Costs
Restraints:
High Cost of Diagnosis and Treatment and Side Effects Associated with the Treatment Therapies of Juvenile Diabetes
Opportunities:
Strong Pipeline and Development of Molecules from Newer Class of Diabetes Drugs and Favorable Medical Reimbursement Scenario in Developed Countries
Market Leaders and their expansionary development strategies
In November 2018, Medtronic plc acquired Nutrino Health Ltd. (Israel). This acquisition strengthened Metronic’s CGM and industry-leading hybrid closed-loop systems portfolio in the digital diabetes management market
In November 2019, The World Health Organization (WHO) announced the start of a pilot programme to prequalify human insulin to increase treatment for diabetes in low- and middle-income countries.
Key Target Audience
Original Equipment Manufacturers (OEMs), Healthcare Service Providers, Research Laboratories and Academic Institutes, Product Sales and Distribution Companies, Pharmaceutical and Biotechnology Companies, Clinical Research Organizations (CROs), Research and Development Companies 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.