LONDON, Feb. 28, 2019 (GLOBE NEWSWIRE) -- A report from The Business Research Company shows that the global diabetic drugs market size and the insulin market size will together grow to nearly $69 billion by 2023.
The report covers the global diabetic therapies market, including the diabetes drugs industry and the insulin market. The global diabetes therapies market, by segment, includes the Injectable Drugs Market, and Oral Drugs Market. Injectable therapies include insulin administered through the use of insulin pens and insulin syringes. Insulin pens and syringes are used for injecting insulin into the body, mainly for the treatment of type 1 diabetes. Oral drugs in the diabetes drugs market are mainly used in the treatment of type 2 and gestational diabetes, to control blood glucose levels.
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The combined diabetes drugs market and insulin market is concentrated with a few large players dominating the diabetic therapies industry. Novo Nordisk A/S, at about 20% of the global market, was the largest competitor in the diabetic therapies market in 2017. Novo Nordisk is a healthcare company engaged in the discovery, development, manufacture, and marketing of pharmaceutical products worldwide.
North America was the largest region in the diabetic therapies market in 2018, followed by Asia Pacific, Western Europe, and other regions.
Diabetes Therapies Global Market Opportunities And Strategies To 2023 is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, segments and geographies, trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 300 industry reports, covering over 2400 market segments and 56 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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