07-Jan-2020 | Facts and Factors
Facts and Factors Market Research has published a new report titled “Non-Insulin Therapies for Diabetes Market By Product Type (Oral & Injectable) and By Distributor (Retail Pharmacies, Hospital Pharmacy, Online Pharmacy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028”. According to the report, the global non-insulin therapies for diabetes market was valued at approximately USD 62,011 million in 2020 and is expected to reach a value of around USD 104,863 million by 2028, at a CAGR of around 6.29% between 2021 and 2028.
A large number of patients affected due to type 2 diabetes can cope with it by making a few lifestyle changes as well as alterations in diet intake. They can integrate the changes with non-insulin tablets. In type 1 diabetes, doctors recommend a combination of medical treatment that comprises non-insulin medicines. The non-insulin diabetes treatment comprises oral and injectable drugs. Moreover, oral drugs that are recommended for effectively handling diabetes include Sodium-glucose cotransporter-2 (SGLT2) inhibitors, Sodium-glucose cotransporter-2 (SGLT2) inhibitors, metformin, and Alpha-glucosidase inhibitors (AGIs). The highly recommended injectable non-insulin medicines include Glucagon-like peptide-1 (GLP-1) agonists as well as Amylin analogs.
Swiftly surging diabetic population pool to drive the market growth
The prominent rise in the diabetic population base is anticipated to steer the expansion of the non-insulin therapies for diabetes industry over the forecast timeline. Apart from this, the rise in the cases of type 2 diabetes in children will boost the production of non-insulin diabetes medicines, thereby steering the growth of the non-insulin therapies for diabetes market. In addition to this, the ratio of patients affected by type 2 diabetes is huge in most countries and this will further steer the market surge over the forecast timeline. Apparently, technological breakthroughs will complement the progression of the industry from the period 2020 to 2028.
Furthermore, the development of new non-insulin diabetes drugs like thiazolidinediones, glucagon-like peptide 1 analogs, dipeptidyl peptidase-4 inhibitors, and glinides for treating diabetes will propel the scope of the business during the period from 2020 to 2028. Nonetheless, the strict legislation pertaining to the production of new drugs for treating diabetes can decimate the market expansion over the forecast timeline. In addition to this, the long process of approving the drugs may further obstruct the market progression over the forecast timeline.
An oral segment to dominate the product landscape over the forecast timespan
The segment is projected to accrue a revenue of nearly USD 94,600 by the end of 2028. The growth of the segment is credited to the massive demand for oral products as well as oral delivery & oral administration of the drugs.
Hospital Pharmacy segment to contribute majorly towards the overall market revenue
The hospital pharmacy segment is projected to accrue a revenue of nearly USD 52,800 million by 2028. Huge sale of non-insulin drugs from hospital pharmacies has soared the growth of the segment.
Report Scope
Report Attribute |
Details |
Market Size in 2020 |
USD 62,011 Million |
Projected Market Size in 2028 |
USD 104,863 Million |
CAGR Growth Rate |
6.29% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2028 |
Key Market Players |
Boehringer Ingelheim GmbH, Bristol-Myers Squibb, Novo Nordisk, GlaxoSmithKline, F. Hoffmann-La Roche Ltd., Janssen Pharmaceuticals, AstraZeneca, Merck and Company, Sanofi Aventis, Eli Lilly and Company, Pfizer, Novartis AG, Takeda Pharmaceuticals., among others |
Key Segment |
By Product Type, By Distributor, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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North America to dominate the regional market growth
The North American market is projected to accumulate revenue worth nearly USD 35,090 million by the end of the forecast timeframe. The growth of the market in North America is attributed to the massive application of non-insulin therapies for treating diabetes in countries like the U.S.
Browse the full “Non-Insulin Therapies for Diabetes Market By Product Type (Oral & Injectable) and By Distributor (Retail Pharmacies, Hospital Pharmacy, Online Pharmacy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028” Report at https://www.fnfresearch.com/non-insulin-therapies-for-diabetes-market
The key players in this market are Boehringer Ingelheim GmbH, Bristol-Myers Squibb, Novo Nordisk, GlaxoSmithKline, F. Hoffmann-La Roche Ltd., Janssen Pharmaceuticals, AstraZeneca, Merck and Company, Sanofi Aventis, Eli Lilly and Company, Pfizer, Novartis AG, and Takeda Pharmaceuticals.
This report segments the non-insulin therapies for diabetes market as follows:
Global Non-Insulin Therapies for Diabetes Market: Product Type Segment Analysis
Global Non-Insulin Therapies for Diabetes Market: Distributor Segment Analysis
- Retail Pharmacies
- Hospital Pharmacy
- Online Pharmacy
- Others
Global Non-Insulin Therapies for Diabetes Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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