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Diabetes Drug Market: Overview

Sedentary lifestyle, overweight, and age are some of the major factors contributing to growing prevalence of diabetes cases across the globe. As per a report published by the World Health Organization (WHO), in 2014, approximately 1.9 billion people were identified as overweight wherein 600 million were categorized as obese.

Obesity and overweight are major risk factors resulting in diabetes. Increasing incidence of diabetes is explicitly fuelling demand for diabetes drugs.

Registering the demand rate, the global diabetes drugs market is anticipate to witness robust growth rate in forthcoming years.

Growing geriatric population across the world is one of the major factor fuelling demand for diabetes drugs. Elderly population is highly susceptible to certain health conditions such as blood pressure and diabetes. This, in turn, is contributing to growth of the diabetes drugs market.

Diabetes is chronic condition, where body stops production of insulin, or inhibit its absorption. As a result, blood glucose level fluctuates significantly. To regulate blood glucose level, diabetic people are supposed to be on regular diabetes medication.

As per a report published by Transparency Market Research (TMR), the diabetes drugs market is estimated to chart at a moderate CAGR of 3.6% between 2017 and 2025. At given rate, the market valuation is calculated to reach at US$58.4 bn by the end of 2025, whereas the market stood at a value of US$43.1 bn in 2016.


Distribution Channel Enhance Visibility of Diabetes Drugs

The global diabetes drugs market is segmented on the basis of glucagon-like peptide-1 agonist, sodium glucose co-transporter 2 inhibitors, insulin, Dipeptidyl-peptidase-4 (DPP-4) inhibitors, and others. Among all, insulin holds the prominent position in the market.

Distribution channel plays a crucial role in expansion of the market and enhancing visibility of the product. Hence, diabetes drugs market is classified into retail pharmacies, hospital pharmacies, and online pharmacies. Hospital pharmacies is likely to hold prominent share in the market due to presence of trained medical staffs to sell the medicines.  Due to rising popularity of e-tail and proliferation of e-commerce, online pharmacies seems to be a promising segment for growth of the diabetes drugs market.

Type 2 Diabetes Holds Prominent Position

Diabetes is categorized into type 1 diabetes, type 2 diabetes, impaired fasting glycaemia, impaired glucose tolerance, and gestational diabetes. Among all types of diabetes, type 2 segment contribute significantly to the diabetes drugs market, due its higher prevalence across the globe. Rising cases of obesity, rising disposable income, and improving healthcare facilities are some of the key factors propelling growth of diabetes type 2 segment. Type 1 diabetes is anticipated to follow type 2 segment. Meanwhile, impaired glucose tolerance, gestational diabetes, and impaired fasting segments are estimated to rise at a moderate pace during the forecast period.

Region wise, North America market holds prominent share in the year 2016 and is likely to hold its position due to high prevalence of diabetes in the region.

Meanwhile, Europe market holds second largest share in the year 2016 due to research and development activities for drug improvisation.

Some of the top companies operating in the global diabetes drugs market are Novo Nordisk A/S, Boehringer Ingelheim GmbH, Novartis AG, Bayer AG, Merck & Co., and Sanofi. Some other prominent companies operating in this market are Takeda Pharmaceutical Company Limited, Johnson & Johnson, Boehringer Ingelheim GmbH, and Eli Lily and Company.

Type-2 Diabetes Key Focus of Players in Diabetes Drugs Market

There is a growing body of research behind antidiabetic medications as to who actually need and what type is the most effective and safe for the patient cohort. A key driver for the diabetes drugs market is the high risks the disease brings to the patient, particularly in patients with type-2 diabetes. Extensive research has been made by drugmakers to develop formulations that can help lower the cardiovascular risks in patient populations, thereby expanding the growth potential in the diabetes drugs market. Some of the popular antidiabetic drugs are metformin, sulfonylureas, dipeptidyl peptidase-4 inhibitors, glitazones, SGLT2 inhibitors, and glinides. However, not every patient with type-2 diabetes may need medication. The decision to continue with certain medications should be based on sound clinical decision, wherein physicians’ recommendations occupy critical position. Over the past few years, incretin mimetics has also gained some attention among industry players operating in the diabetes drugs market. However, the verdict is still out of its long-term advantages. The worldwide prevalence of diabetes will continue to propel drugmakers to enrich their drug pipeline to meet the unmet need in patient populations. They are relentlessly aiming at reducing the side effects and increase the safety profiles. The recent approval of pharmacological agents is a key developmental trend that will spur growth in the market.

The current Covid-19 pandemic has reiterated the criticality of managing chronic diseases and their role in public health. Diabetics are one of the cohorts that have at the forefront of high risk factors for being infected badly with the virus. Thus, the population healthcare systems are emphasizing on consolidating the infrastructure to improve care for chronic diseases, including diabetes and cardiovascular diseases. This also has changed the current course of development for drug makers to an extent, encouraging research and development investments in the diabetes drugs market. Also, the growing awareness among the general populace will help in patients make more clinically-informed decisions on the pharmacological therapies they need.

Global Diabetes Drugs Market: Snapshot

This report on the Diabetes drugs market analyzes the current and future scenario of the global market. Rise in private and public funding for diabetes drugs, rising prevalence of diabetes, and favorable regulatory scenario for new drug launch are boosting the growth of the Diabetes drugs market. Increasing geriatric population across the world and rising incidence and prevalence of diabetes such as Type 2 diabetes and Type 1 diabetes are some of the factors expected to drive the growth of Diabetes drugs market during the forecast period.

The diabetes drugs market report comprises an elaborate executive summary, which includes market snapshot that provides information about various segments. It also provides information and data analysis of the global market with respect to the segments based on therapy, disease type, distribution channel and geography. A detailed qualitative analysis of drivers and restraints, opportunities and trends have been provided in the market overview section. Additionally, the section comprises Porter’s Five Forces Analysis to help understand the competitive landscape in the market. This section also provides market attractiveness analysis in terms of geography and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the Diabetes drugs market.

Global Diabetes Drugs Market: Segmentation

Based on the therapy, the Diabetes drugs market has been segmented into 5 types, which are Glucagon-like peptide-1 (GLP-1) agonist, Dipeptidyl-peptidase-4 (DPP-4) inhibitors, Sodium glucose co-transporter 2 (SGLT2) inhibitors, Insulin and others. . The insulin dominated the market in terms of revenue in 2016, due to its high price, and need & demand for insulin. Insulin is expected to lead the market in the forecast period, owing to the rising geriatric population and high per capita income. SGLT2 is anticipated to grow during the forecast period owing to patents and exclusivity held for the drugs of this segment by the key players. The others segment includes the combination drugs and other drug classes are anticipated to grow during the forecast period 2017 to 2025. The Glucagon-like peptide-1 (GLP-1) agonist is anticipated to grow during the forecast period owing to rising prevalence of diabetes all over the world.Dipeptidyl-peptidase-4 (DPP-4) inhibitors held second large market share in 2016, however, the segment is anticipated to fall in the growth rate during the forecast period due to patent and exclusivity expiry.

In terms of disease type, the diabetes drugs market has been segmented into type 1 diabetes, type 2 diabetes, gestational diabetes, and impaired glucose tolerance and impaired fasting glycaemia. Type 2 diabetes has accounted for highest market share due to increasing disposable income and rising prevalence of obesity. Increasing physical inactivity created demand for the diabetes drugs. Type 1 diabetes held the second large market share in 2016 owing to increasing environmental damage all over the world that is contributing to the rising prevalence of type 1 diabetes. Gestational diabetes and impaired glucose tolerance and impaired fasting glycaemia are anticipated to grow during the forecast period 2017 to 2025 due to the high prevalence of diabetes in the relatives and heredity reason.

Different types of distribution channels are present in the diabetes drugs market those are Hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies captured highest market share in 2016, owing to the availability of trained & qualified personnel and favorable reimbursement structure. The online pharmacies is estimated to register highest CAGR in the forecast period, which is attributed to the technological adaptation and acceptance of online pharmacies by population. The retail pharmacies showed the moderate market share in 2016 owing to rising geriatric population & improvements in the healthcare facilities in developing countries are anticipated to propel the popularity of retail pharmacies during the forecast period. However, uncertain reimbursement scenarios across the world are attributed to restrain the diabetes drugs market to some extent during the forecast period.

Global Diabetes Drugs Market: Regional Segmentation

Geographically, the diabetes drugs Market has been categorized into five major regions and the key countries in the respective region: North America (U.S. and Canada), Europe (U.K., Germany, France, Spain, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East & Africa (South Africa, GCC Countries, and Rest of Middle East & Africa).

Global Diabetes Drugs Market: Competitive Landscape

The report also profiles major players in the Diabetes drugs market based on various attributes such as company overview, financial overview, product portfolio, business strategies, SWOT analysis, and recent developments. Major players profiled in this report include Novo Nordisk A/S, Merck & Co., Inc., Novartis AG, Boehringer Ingelheim GmbH, Sanofi, Bayer AG, Johnson & Johnson, Eli Lilly and Company, and Takeda Pharmaceutical Company Limited.

Diabetes Drugs Market has been segmented as given below:

by Therapy

  • Glucagon-like peptide-1 (GLP-1) agonist
  • Dipeptidyl-peptidase-4 (DPP-4) inhibitors
  • Sodium glucose co-transporter 2 (SGLT2) inhibitors
  • Insulin
  • Others

by Disease Type

  • Type 1 Diabetes
  • Type 2 Diabetes
  • Gestational Diabetes
  • Impaired Glucose Tolerance and Impaired Fasting Glycaemia

by Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

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Diabetes Drug Market

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