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Nearly $ 30 Billion growth expected in Global Type 2 Diabetes Market during 2021-2025 | Technavio

PR Newswire - PRF - Mon Jun 14, 10:11AM CDT

NEW YORK , June 14, 2021 /PRNewswire/ - The type 2 diabetes market is expected to grow by USD 29.91 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the type 2 diabetes market in optimistic, probable, and pessimistic forecast scenarios.

Technavio has announced its latest market research report titled Type 2 Diabetes Market by Drug Class and Geography - Forecast and Analysis 2021-2025

Request a Free Sample  to understand the scope of the report

The type 2 diabetes market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

The type 2 diabetes market is driven by the rising prevalence of diabetes. In addition, a rise in the prevalence of obesity and changing lifestyles and recent drug approvals are expected to trigger the type 2 diabetes market toward witnessing a CAGR of about 10% during the forecast period.

Gain more insights into the global trends impacting the future of the type 2 diabetes market.
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Major Five Type 2 Diabetes Market Participants:

Amgen Inc.:  The company offers type 2 diabetes products such as Repatha.

AstraZeneca Plc:  The company offers type 2 diabetes products such as Komboglyze, Onglyza, and XIGDUO XR.

Boehringer Ingelheim International GmbH:  The company offers type 2 diabetes products such as Glyxambi and Jardiance.

Novo Nordisk AS:  The company offers type 2 diabetes products such as Tresiba and Xultophy.

Sanofi SA:  The company offers type 2 diabetes products such as Adlyxin, Amryl, Lantus, Toujeo, and Apidra.

Type 2 Diabetes Market 2021-2025: Segmentation

Type 2 diabetes market is segmented as below:

  • Geography
    • North America
    • Europe
    • Asia
    • ROW
  • Drug Class
    • Insulin
    • DPP-4 Inhibitors
    • GLP-1 Receptor Agonists
    • SGLT-2 Inhibitors
    • Others

Related Reports on Healthcare Include:

Global Type 1 Diabetes Drugs Market  - Global type 1 diabetes drugs market is segmented by product (long-acting insulins, rapid-acting insulins, pre-mixed insulins, and non-insulin drugs) and geography ( North America , Europe , Asia , and ROW).
Request a Free Sample Report

Global Diabetes Management Devices Market  - Global diabetes management devices market is segmented by product (blood glucose monitoring devices and insulin delivery systems) and geography ( North America , Europe , Asia , and ROW).
Request a Free Sample Report

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Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Jesse Maida
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UK: +44 203 893 3200


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