ID: MRFR/Pharma/2180-HCR | January 2023 | Region: Global | 60 Pages
India Diabetes Market is anticipated to reach USD 10,104 million by 2030 at 6.5% CAGR during the forecast period 2022-2030.
$10,104 million
6.5%
Asia Pacific
2022-2030
India Diabetes Market Overview
The Indian diabetes market is expected to gain a market value of USD 10,104 million by 2030 at a CAGR of 6.5% over the forecast period of 2022-2030.
A chronic metabolic condition known as diabetes results in high blood glucose levels, which seriously harm the heart, blood vessels, eyes, kidneys, and nerves. Drugs used to treat diabetes are known as diabetic therapies. They consist of oral diabetes medications and human insulin mimics.
The leading causes of diabetes in Indians are obesity, particularly central obesity, increased visceral fat brought on by physical inactivity, and diets high in calories, fat, and sugar. The most prevalent work culture that is still practiced in the nation, which involves consuming fast food while engaging in little to no physical exercise and spending hours in one position while seated, is a major factor in the rapid rise in diabetes incidence among India's working-age population. Additionally, rising diabetes prevalence and expanding use of insulin-delivery devices are propelling market expansion. In India, 77 million people were estimated to have diabetes in 2019, and by 2045, that number is expected to reach over 134 million. About 57% of these people are still undiagnosed. However, problems faced by poor individuals across India in managing diabetes care are major restraining factors for the market.
COVID-19 Analysis
The COVID-19 pandemic's second wave has severely impacted India. As of April 22, 2021, there were more than 315,000 new cases per day compared to 11,794 in the first week of February 2021. In many aspects, the COVID-19 pandemic's second wave was considered worse for diabetic people. However, the COVID-19 pandemic has had a good effect on the e-pharmacies industry; through this platform, it has been seen that sales of diabetes devices have increased. Diabetes devices are increasingly needed to successfully treat patients in hospitals and home care settings since people with diabetes are more likely to contract COVID-19.
Study objectives of India Diabetes Market:
 Segments: Â
India Diabetes Market has been segmented on the basis of type which comprise Type 1, Type 2, and Gestational diabetes. On the basis of test market is segmented into Random blood sugar test, Fasting blood sugar test, Oral glucose tolerance test, Initial glucose challenge test and others. On the basis of devices, it is segmented into Blood glucose monitoring devices, Diabetes management devices, and others. On the basis of treatment, the market is segmented into Medications, Insulin therapy, Transplantation, Bariatric surgery and others.Recent Development
Regional Analysis:
Considering the scenario of the Indian diabetes market, western region is believed to be the largest market for diabetes. Moreover the Eastern and Northern regions are also growing and second-largest market for India Diabetes. On the other hand, Southern Indian market is expected to grow at a significant rate in India diabetes during the forecasted period. Central region is likely to have a limited but moderate growth in the market.
Key Players:
Report Attribute/Metric | Details |
---|---|
Market Size | USD10,104 million |
CAGR | 6.5% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Type, Test, Devices, Treatment |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Novo Nordisk A/S (Denmark), USV Private Limited (India), sanofi-aventis U.S. LLC (US), Novartis AG (Switzerland), Merck & Co., Inc. (US), Becton Dickinson and Company (US), Roche Diabetes Care, Inc.(US),Johnson & Johnson Services, Inc.(us), Bayer AG (Germany), Ypsomed (Switzerland) |
Key Market Opportunities | Research and developments |
Key Market Drivers |
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