The BRICS Diabetes Treatment and Prevention Market is projected to reach USD 12,383.6 Million by 2030 at 13.4% CAGR during the forecast period 2022-2030
Diabetes is a chronic disease characterized by elevated levels of blood glucose which leads to serious damage to the heart, eyes, kidneys, blood vessels and nerves. The most common of diabetes is type 2 diabetes which occurs when the body becomes resistant to insulin or doesn't make enough insulin. In the past three decades the prevalence of type 2 diabetes has risen dramatically in countries of all income levels. Type 1 diabetes, once known as juvenile diabetes or insulin-dependent diabetes, is a chronic condition in which the pancreas produces little or no insulin by itself. The market of diabetes treatment and prevention is increasing due to an increase in the prevalence of diabetes, changing lifestyle and increasing use of insulin for the treatment of diabetes. Increase awareness regarding prevention and treatment of diabetes favor the growth of this market. Study objectives:
Figure 1: Global Diabetes Treatment and Prevention Market, by type, 2016:
Key Players: Abbott Laboratories (U.S), Bayer AG (Germany), Eli Lily & Company (U.S), Medtronic (U.S), AstraZeneca Plc. (U.K), Lifescan (U.S), Terumo Medical Corporation (Japan) and Roche Holding AG (Switzerland).
Segmentation BRICS diabetes treatment and prevention market has been segmented on the basis of type of diabetes which includes type 1 diabetes, type 2 diabetes and gestational diabetes. On the basis of treatment the market is segmented into medication, gene therapy, other methods of treatment and devices include Blood Glucose Meters and Strips, Continuous Glucose Monitors (CGMs), Injection Pens, Insulin Pump, others. On the basis of end users the market is segmented into hospitals, clinics, pharmaceutical companies and other end users.
Figure 2: Research Methodology
Regional Analysis: Diabetes treatment and prevention market consists of four regions namely Brazil, Russia, India, China and South Africa. China is the largest market. India is second largest and fastest growing market. The market shows steady growth in Brazil and Russia.
The report for diabetes treatment and prevention market of Market Research Future comprises of extensive primary research along with detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value & volume, technological advancement, macro economical, and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.