Get more information on Type 1 Diabetes Market - Request Free Sample Report
The Type 1 Diabetes Market Size was valued at USD 8.1 billion in 2023 and is expected to reach USD 16 billion by 2032, and grow at a CAGR of 7.6% over the forecast period 2024-2032.
People can develop one of two forms of diabetes. Type 1 diabetes now accounts for 10% of all diabetes cases worldwide.
People get this type of diabetes when their bodies don't generate enough insulin or don't produce enough insulin to handle all of the refined and other types of sugars they consume every day! Obese young people are more likely to develop type 1 diabetes. What makes matters worse for people with type 1 diabetes is that they will age quickly. As individuals get older, they tend to embrace unhealthy behaviors. This motivates those with type 1 diabetes to stick with it.
DRIVERS
Increased acceptance of Western diets
lifestyles that promote high-fat eating
Less exercise
Short - long Term Damage
RESTRAINTS
These medications are effective in managing type 1 diabetes
They can have unpleasant and even hazardous side effects.
OPPORTUNITIES
Pharmaceutical businesses have benefited from the profitable market.
More Development and research in medicines
CHALLENGES
Expensive medication
Medicines will face in the near and long term is ensuring that newer generations of drugs are safer.
The year before, COVID-19 proven to be a serious infection. Until early this year, there's no vaccine for it. The virus was contained by governments implementing short quarantines and indefinite lockdowns. Those who did not test positive for COVID-19 suffered the repercussions.
Individuals with other illnesses, including as diabetes and cancer, were unable to receive medical care when they required it since many doctors and other health providers refused to visit patients who did not have life-threatening illnesses. Many persons with Type 1 diabetes were fatally ill or died as a result of this delay.
Corporations and governments in the Asia-Pacific area are stepping in to help diabetics who might otherwise be unable to buy or obtain various treatments.
The European Union has the second-largest market share for type 1 diabetes. This is largely due to the fact that an increasing number of Europeans are moving away from their historically healthy diets and lives and toward less healthy American diets and lifestyles.
Need any customization research on Type 1 Diabetes Market - Enquiry Now
The Major Players are Abbott Laboratories, Bayer AG, Eli Lilly and Company, GlaxoSmithKline, Johnson & Johnson Ltd, Merck & C0., Pfizer Inc., Takeda Pharmaceutical, AstraZeneca PLC., XOMA Corp, and others.
Report Attributes | Details |
---|---|
Market Size in 2023 | US$ 8.1 Billion |
Market Size by 2032 | US$ 16 Billion |
CAGR | CAGR of 7.6% From 2024 to 2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Data | 2020-2022 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Devices (Insulin Pump, Insulin Pen, Blood Glucose Meter, Others) • By End-User (Hospital, Research Institutes, Home Care) • By Product (Rapid-Acting Insulin, Short-Acting Insulin, Medium-Acting Insulin, Long-Acting Insulin, Others) |
Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
Company Profiles | Abbott Laboratories, Bayer AG, Eli Lilly and Company, GlaxoSmithKline, Johnson & Johnson Ltd, Merck & C0., Pfizer Inc., Takeda Pharmaceutical, AstraZeneca PLC., XOMA Corp, and others. |
DRIVERS | • Increased acceptance of Western diets • lifestyles that promote high-fat eating • Less exercise |
RESTRAINTS | • These medications are effective in managing type 1 diabetes • They can have unpleasant and even hazardous side effects. |
Ans: The Type 1 Diabetes Market size is estimated to reach US$ 16 billion by 2032.
Key drivers of the Type 1 Diabetes Market are the Increased acceptance of Western diets and lifestyles that promote high-fat eating
Januvia, Humalog, Lantus, Novorapid, Galvus, and Humulin are the sub segments by product type.
Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, and Fundamental Research.
Ans: The Type 1 Diabetes Market is to grow at a CAGR of 7.6% over the forecast period 2024-2032.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Type 1 Diabetes Market Segmentation, By Devices
8.1. Insulin Pump
8.2. Insulin Pen
8.3. Blood Glucose Meter
8.4. Others
9. Type 1 Diabetes Market Segmentation, By End-User
9.1. Hospital
9.2. Research Institutes
9.3. Home Care
10. Type 1 Diabetes Market Segmentation, By Product
10.1. Rapid-Acting Insulin
10.2. Short-Acting Insulin
10.3. Medium-Acting Insulin
10.4. Long-Acting Insulin
10.5. Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
1.5 The Middle East & Africa
111.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Abbott Laboratories
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Bayer AG
12.3 Eli Lilly and Company
12.4 GlaxoSmithKline
12.5 Johnson & Johnson Ltd
12.6 Merck & C0.
1.7 Pfizer Inc.
12.8 Takeda Pharmaceutical
12.9 AstraZeneca PLC.
12.10 XOMA Corp
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Devices
Insulin Pen
Blood Glucose Meter
Others
By End-User
Hospital
Research Institutes
Home Care
By Product
Rapid-Acting Insulin
Short-Acting Insulin
Medium-Acting Insulin
Long-Acting Insulin
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Viral Vectors and Plasmid DNA Manufacturing Market size was estimated at USD 4.4 billion in 2022 and is expected to reach USD 19.4 billion by 2030 with a growing CAGR of 20.4% during the forecast period of 2023-2030.
The Disposable Medical Gloves Market was valued at USD 9.15 Bn in 2023 and is expected to reach USD 29.17 Bn by 2031 and grow at a CAGR of 15.6% during the forecasted period 2024-2031.
The Blood Grouping Reagents Market size was estimated at USD 1.97 billion in 2023 and is expected to reach USD 3.84 billion by 2032 at a CAGR of 7.7% during the forecast period of 2024-2032.
The Electronic Health Records (EHR) Market size, valued at USD 32.53 billion in 2023, is expected to grow up to USD 57.38 billion by 2032, registering a CAGR of 6.56% from 2024 to 2032.
The Ambulatory Surgical Centers Market Size was valued at USD 124.87 billion in 2023 and is expected to reach USD 201.91 billion by 2031, and grow at a CAGR of 6.19% over the forecast period 2024-2031.
The Menstrual Cup Market Size was valued at USD 1.4 billion in 2023, and is expected to reach USD 2.36 billion by 2031 and grow at a CAGR of 6.8% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone