A recent report published by Infinium Global Research on type 1 diabetes drugs market provides an in-depth analysis of segments and sub-segments in global as well as regional type 1 diabetes drugs market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional type 1 diabetes drugs market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global type 1 diabetes drugs market. According to the report the global type 1 diabetes drugs market is projected to grow at a CAGR of 7.4% over the forecast period of 2018-2024.
The Type 1 diabetes drugs are used to treat the type 1 diabetic disease and are also known as Type 1 diabetes mellitus. Type 1 diabetes is a condition where in the pancreas produce very little or no insulin at all. Insulin is a hormone that allows sugar (glucose) to enter cells to produce energy. People suffering from type 1 diabetes have to take daily insulin injection to keep body glucose in the normal range. Without insulin injection, the patient may die. In type 1 diabetes condition, the body’s immune system attacks & destroy most of the beta cells in the pancreas. Different factors, including genetics and some viruses, may contribute to type 1 diabetes. Although type 1 diabetes usually appears during childhood or adolescence, however, it can also develop in adults.
Growing occurrence of type 1 diabetes is the major factor driving the type 1 diabetes drugs market. The rising awareness about the type 1 diabetes and availability of its treatment drugs, the introduction of new advanced insulin delivery devices such as pumps & pens and improved drug delivery system is expected to boost the growth of the type 1 diabetes drug market over the forecast period. However, the high cost of insulin delivery systems, especially insulin pump and autoinjector may act as a restraint to market growth. Moreover, the ongoing innovations in diabetes drugs and the drug delivery system are projected to create several opportunities in upcoming years.
Among the region, North America is dominating the type 1 diabetes drugs market owing to the high occurrence of diabetes among the population and adoption of new innovative insulin delivery systems such as insulin pumps are the major factors that are driving the North America region. The rapidly growing aging population and improved healthcare infrastructure in the Asia Pacific region is likely to help to grow Asia Pacific region at the highest CAGR, during the forecast period.
The report on global type 1 diabetes drugs market covers segments such as type and end user. On the basis of type, the global type 1 diabetes drugs market is categorized into insulins and others. On the basis of end user, the global type 1 diabetes drugs market is categorized into hospital, drugstore, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global type 1 diabetes drugs market such as Eli Lilly and Company, Novo Nordisk A/S, XOMA Corp., Biodel, Inc., B.Braun Melsungen AG, AstraZeneca Plc., DiaVacs, Inc., Biodel, Inc., and Macrogenics, Inc.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global type 1 diabetes drugs market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of type 1 diabetes drugs market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in type 1 diabetes drugs market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the type 1 diabetes drugs market to understand the present and future trends in this market and formulate their strategies accordingly.
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