The Antidiabetics Market is estimated to reach USD 160.21 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the rising predominance of diabetes due to unhealthy dietary habits including tobacco smoking, alcohol consumption, coupled with physical inactivity, will act as a high impact rendering factor for industry growth.

Expanding efforts initiated by significant companies for the development of advanced products will boost market growth. The anti-diabetics market comprises drugs, which are used for diabetes mellitus treatment and are also known as oral antihyperglycemic/hypoglycemic agents. The market has grown remarkably in recent years with the rising predominance of diabetes mellitus. Thus, due to the increasing population size with diabetes affecting middle age groups and children across all age groups globally, systemic therapies for diabetes have enhanced the market growth further.

Due to the presence of key players, favorable reimbursement policies, and rising number of chronic diseases along with several initiatives initiated by the government, North America accounts for the largest share of 33.5% of the market in 2020. Rising aged population, adopting unhealthy habits, increasing obesity, and lack of physical movement are expected to be the vital factors for enhancing diabetes among people over the next couple of years.

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The report is formulated through exhaustive primary and secondary research which is verified and validated by industry experts, research analysts, and professionals. The report aims to help readers and users improve their business performances by providing insightful data about business sphere such as recent technological development, product advancements, and adoption of strategic business steps. The report also offers extensive analysis of the competitive landscape along with business overviews, expansion plans, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product and brand promotions, government and corporate deals, and partnerships among others.

Top Companies in the Market Include:

Eli Lilly, Novartis, Bayer Corporation, Johnson & Johnson, Pfizer, AstraZeneca, Bristol-Myers Squibb, Oramed Pharmaceuticals, Novo Nordisk, Merck, Boehringer Ingelheim, Takeda Pharmaceutical and Sanofi

Increasing focus on development of vaccines to combat COVID-19 pandemic and focus on preventive medicine to mitigate future epidemics and pandemics, rising number of product approvals for drugs and therapeutics, and rapid digital transformation in the pharmaceutical and healthcare industry are some key factors expected to drive revenue growth over the forecast period. With the social distancing norms in place and growing focus on telemedicine, digital technologies were adopted at an accelerated rate allowing healthcare professionals to efficiently manage health of the patients. One of the most crucial drivers of the pharma & healthcare industry is the rapid integration of artificial intelligence in key areas such as R&D, patient care, commercialization, and drug discovery and development. It has also led to a reduction in healthcare expenditure and improved efficiency of the systems which is expected to further contribute to revenue growth of the market going ahead.

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Furthermore, to offer a better understanding of the competitive landscape, an extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered.  The report is segmented on the basis of product types offered in the market, application spectrum, and key regions of the Antidiabetics market.

By Patient Type  Outlook (Revenue, USD Million; 2020-2028)

  • Adult
  • Pediatric
  • Geriatric 

By Application Outlook (Revenue, USD Million; 2020-2028)

  • Type II Diabetes
  • Type I Diabetes

Product Outlook (Revenue, USD Million; 2020-2028)

  • Insulin
  • Drug class

Administration mode Outlook (Revenue, USD Million; 2020-2028)

  • Insulin Syringe/Insulin Pen
  • Insulin Pump
  • Intravenous Infusion
  • Oral

Key Regions Studied in the Report:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, France, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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