Report Id: SNS/HC/1076 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
The Type 1 Diabetes Market Size was valued at USD 7.59 billion in 2022 and is expected to reach USD 13.64 billion by 2030, and grow at a CAGR of 7.6% over the forecast period 2023-2030. People can develop one of two forms of diabetes. Type 1 diabetes now accounts for 10 percent 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.
MARKET DYNAMICS
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.
IMPACT OF COVID-19
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
COMPETITIVE LANDSCAPE
Abbott Laboratories, Bayer AG, Eli Lilly and Company, GlaxoSmithKline, Johnson & Johnson Ltd, Merck & C0., Pfizer Inc., Takeda Pharmaceutical, AstraZeneca PLC., XOMA Corp, and others.
KEY MARKET SEGMENT:
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
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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 7.59 Billion |
Market Size by 2030 | US$ 13.64 Billion |
CAGR | CAGR of 7.6% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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 (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, 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. |
Frequently Asked Questions (FAQ) :
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
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.
Type 1 Diabetes Market Size was valued at USD 7.06 billion in 2021, and is expected to reach USD 11.79 billion by 2028, and grow at a CAGR of 7.6% over the forecast period 2022-2028.
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
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