Antidiabetics Market Emerging Trends And Growth Factors Analysis Over 2020 - 2026

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Antidiabetics Market To Grow At A CAGR Of 10.7
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• Antidiabetics Market Scenario

• According to a research report by Global Market
  Insights Inc., the global antidiabetics market
  would register a CAGR of 10.7 through the
  forecast timeframe. The market was valued at more
  than 65.5 billion in 2019.
• The increasing diabetic and obese population
  across the globe is slated to impel the
  antidiabetics market growth over the coming
  years. In addition, the growing geriatric
  population across the world, and their
  susceptibility to diabetes among other critical
  health issues would further complement the market
  outlook through 2026.
• In fact, as per the WHO (World Health
  Organization), approximately 422 million people
  globally suffer from diabetes and over 1.6
  million deaths across the world are caused by
  diabetes related complications. Consequently, to
  facilitate better treatment options to reduce
  this high mortality rate, demand for
  antidiabetics is expected to increase
  tremendously.    

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• In terms of product, the insulin segment
  accounted for the largest revenue share in the
  overall industry landscape in 2019 and is further
  slated to observe substantial business growth
  over the coming years. The projected growth can
  be ascribed to the rising number of patients
  diagnosed with type 2 diabetes.
• With respect to patient population, the geriatric
  population represented approximately 40.0 of the
  industry share in 2019 and is slated to expand at
  a significant rate through the analysis period.
  As per the CDC (Centers for Disease Control and
  Prevention), over 25 of the U.S. population that
  is aged 65 years and above suffers from diabetes.
  Consequently, the growing diabetes cases among
  the geriatric population would greatly complement
  the segment share. Moreover, increasing
  government initiatives and awareness programs are
  also expected to positively impel the segment
  size.

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• Regional Analysis

• Geographically, the growing number of diabetes
  patients and the increasing geriatric population
  is expected to majorly fuel the Europe
  antidiabetics market outlook. In 2019, the region
  accounted for more than 32 of the overall
  industry share.

• Competitive Analysis

• The competitive landscape of the global
  antidiabetics market is inclusive of players such
  as Bristol-Myers Squibb, Boehringer Ingelheim,
  Bayer Corporation, and AstraZeneca among others.

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