Type-2 Diabetes Market 2023-2028, Size, Share, Growth, Report and Forecast

Type-2 Diabetes Market Overview and Insights:

According to MarkNtel Advisors Report, the Global Type-2 Diabetes Market is projected to grow at a CAGR of around 8.0% during the forecast period, i.e., 2023-28.

Type-2 Diabetes Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

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Key Takeaways: Beneficial for Stakeholders and Clients:

• Historical Data: 2018-21
• Base Year: 2022
• Forecast Period: 2023-2028

What are the major challenges facing the Type-2 Diabetes Market?

The infrastructure for healthcare in some diabetic cases is insufficient. It is a significant barrier for the market for type 2 diabetes. Weak healthcare infrastructure hinders drug discovery, research, and other aspects of the healthcare business. It may be impossible to expand the type 2 diabetes market in some areas due to a lack of health infrastructure. Furthermore, demand can be lower in some locations. As a result, the development of the type 2 diabetes market is being constrained by a lack of healthcare infrastructure in various countries.

Who are the Key Players Operating in the Type-2 Diabetes Industry?

The top companies of the Type-2 Diabetes market ruling the industry are: 

• Merck & Co
• AstraZeneca
• Novo Nordisk
• Bristol-Myers Squibb
• Eli Lilly
• Sanofi
• Boehringer Ingelheim
• Pfizer
• Takeda
• Biocon
• Johnson & Johnson

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What is Included in Type-2 Diabetes Market Segmentation?

The report has segmented the market into the following categories:

By Drug Type

• Dipeptidyl Peptidase-4 (DPP-4) Inhibitors
• Alpha-glucosidase Inhibitors
• Biguanides
• Glucagon-Like Peptide-1 (GLP-1) Receptor Agonists
• Sodium-Glucose Cotransporter 2 Inhibitors (SGLT2)
• Sulfonylureas
• Other (Thiazolidinediones, Meglitinides, Glitazones, etc.)

By Gender

• Male
• Female

Between the two, the Women segment held a significant market share in the Global Type-2 Diabetes market in 2022, owing to the alarming rise in the prevalence of type-2 diabetes among pregnant women. Due to multiple adverse pregnancy outcomes, the development of gestational diabetes is high among pregnant women. Besides, the chance of developing type 2 diabetes is higher, especially three to six years after delivery. 

By Age Group

• Upto 19 years
• 20 – 65 years
• Above 65 years

By Region

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

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Frequently Asked Questions (FAQs)-

• What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
• What are the trends influencing the current scenario of the market?
• How has the Type-2 Diabetes industry been evolving in terms of geography & adoption?
• Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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