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Global Type 2 Diabetes Market to reach USD 61.62 billion by the end of 2030.

Global Type 2 Diabetes Market Size study & Forecast, by Drug Class (Dipeptidyl Peptidase-4, Inhibitors, Glucagon-Like Peptide Receptor Agonists, Thiazolidinediones, Alpha-Glucosidase Inhibitors, Sulfonylureas & Other Insulin Secretagogues, Biguanides, Sodium Glucose Cotransport 2 Inhibitors), by Application (Glycaemic Control, Cardiovascular Safety, Hypoglycaemia Avoidance , Others) and Regional Analysis, 2023-2030

Product Code: HLSMD-12072523
Publish Date: 19-06-2023
Page: 200

Global Type 2 Diabetes Market is valued approximately at USD 32.32 billion in 2022 and is anticipated to grow with a compounded annual growth rate of more than 8.4% over the forecast period 2023-2030. Type 2 Diabetes, also known as adult-onset diabetes or non-insulin-dependent diabetes is a chronic metabolic disorder characterized by high blood sugar levels. It is the most common form of diabetes accounting for approximately 90% to 95% of all diagnosed cases. Unlike type one diabetes, which is an autoimmune condition where the body fails to produce insulin type two diabetes is characterized by insulin resistance and inadequate insulin production. Increasing number of diabetic patients and growing geriatric population elucidate as the growth drivers of this market during the forecast period.

According to the World Health Organization, diabetes may afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. According to the World Bank Group in 2022, the world old population was 727 million in 2020, and it is predicted to rise over the next three decades, reaching 1.5 billion in 2050. However, lack of awareness of disease and limited treatment options availability may hamper the growth space of this market. Furthermore, emerging pharma sector and increasing prevalence of type 2 diabetes anticipated to elevate the growth of the Global Type 2 Diabetes Market.

The key regions considered for the Global Type 2 Diabetes Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the type 2 diabetes market. The region’s market growth is driven by the increasing prevalence of diabetes, with over 29 million individuals affected, expected to rise to 32 million by 2025. Notably, the United States alone had more than 25 million diabetic patients in 2019. The expansion of the healthcare sector, favorable government regulations, and a growing number of initiatives and favorable reimbursement policies contribute to the overall growth of the type 2 diabetes market in North America. Europe is anticipated to exhibit the highest growth rate among regions. Within Europe, the type 2 diabetes market is primarily dominated by the United Kingdom. The increasing number of patients with type 2 diabetes is a key driver for market growth in the region. Factors such as escalating research and development activities and the rising prevalence of obesity contribute to the demand for type 2 diabetes drugs. Furthermore, enhanced supply chain management presents favorable opportunities for the expansion of the type 2 diabetes market in Europe.
Major market player included in this report are:
Amgen Inc.
AstraZeneca PLC
Boehringer Ingelheim International GmbH
Daiichi Sankyo Co. Ltd
Eli Lilly and Co.
Merck & Co. Inc
Novo Nordisk AS
Sanofi SA
Takeda Pharmaceutical Co. Ltd
Novartis AG
Recent Developments in the Market:
Ø In October 2022, Glenmark Pharmaceuticals introduced a novel medication called Zita D, intended for the treatment of patients with type 2 diabetes, particularly those who also have a comorbid condition.
Ø In March 2019, Novo Nordisk announced its plans to invest approximately USD 98 million in the expansion and advancement of its insulin medicine manufacturing facility located in Denmark. The completion of this project is anticipated to occur by the conclusion of 2020.
Global Type 2 Diabetes Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Drug Class, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Drug Class:
Dipeptidyl Peptidase-4 Inhibitors
Glucagon-Like Peptide Receptor Agonists
Alpha-Glucosidase Inhibitors
Sulfonylureas & Other Insulin Secretagogues
Sodium Glucose Cotransport 2 Inhibitors

By Application:
Glycaemic Control
Cardiovascular Safety
Hypoglycaemia Avoidance

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Type 2 Diabetes Market, by region, 2020-2030 (USD Billion)
1.2.2. Type 2 Diabetes Market, by Drug Class, 2020-2030 (USD Billion)
1.2.3. Type 2 Diabetes Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Type 2 Diabetes Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Type 2 Diabetes Market Dynamics
3.1. Type 2 Diabetes Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing Number of Diabetes Patients Growing Geriatric Population
3.1.2. Market Challenges Lack of Awareness of Disease Limited Treatment Options Available
3.1.3. Market Opportunities Emerging Pharma Sector Increasing Prevalence of Type 2 Diabetes
Chapter 4. Global Type 2 Diabetes Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Type 2 Diabetes Market, by Drug Class
5.1. Market Snapshot
5.2. Global Type 2 Diabetes Market by Drug Class, Performance – Potential Analysis
5.3. Global Type 2 Diabetes Market Estimates & Forecasts by Drug Class 2020-2030 (USD Billion)
5.4. Type 2 Diabetes Market, Sub Segment Analysis
5.4.1. Dipeptidyl Peptidase-4 Inhibitors
5.4.2. Glucagon-Like Peptide
5.4.3. Receptor Agonists
5.4.4. Thiazolidinediones
5.4.5. Alpha-Glucosidase Inhibitors
5.4.6. Sulfonylureas and other Secretagogues
5.4.7. Biguanides
5.4.8. Sodium Glucose Cotransport 2 Inhibitors
Chapter 6. Global Type 2 Diabetes Market, by Application
6.1. Market Snapshot
6.2. Global Type 2 Diabetes Market by Application, Performance – Potential Analysis
6.3. Global Type 2 Diabetes Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Type 2 Diabetes Market, Sub Segment Analysis
6.4.1. Glycaemic Control
6.4.2. Cardiovascular Safety
6.4.3. Hypoglycaemia Avoidance
6.4.4. Others
Chapter 7. Global Type 2 Diabetes Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Type 2 Diabetes Market, Regional Market Snapshot
7.4. North America Type 2 Diabetes Market
7.4.1. U.S. Type 2 Diabetes Market Drug Class breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Type 2 Diabetes Market
7.5. Europe Type 2 Diabetes Market Snapshot
7.5.1. U.K. Type 2 Diabetes Market
7.5.2. Germany Type 2 Diabetes Market
7.5.3. France Type 2 Diabetes Market
7.5.4. Spain Type 2 Diabetes Market
7.5.5. Italy Type 2 Diabetes Market
7.5.6. Rest of Europe Type 2 Diabetes Market
7.6. Asia-Pacific Type 2 Diabetes Market Snapshot
7.6.1. China Type 2 Diabetes Market
7.6.2. India Type 2 Diabetes Market
7.6.3. Japan Type 2 Diabetes Market
7.6.4. Australia Type 2 Diabetes Market
7.6.5. South Korea Type 2 Diabetes Market
7.6.6. Rest of Asia Pacific Type 2 Diabetes Market
7.7. Latin America Type 2 Diabetes Market Snapshot
7.7.1. Brazil Type 2 Diabetes Market
7.7.2. Mexico Type 2 Diabetes Market
7.8. Middle East & Africa Type 2 Diabetes Market
7.8.1. Saudi Arabia Type 2 Diabetes Market
7.8.2. South Africa Type 2 Diabetes Market
7.8.3. Rest of Middle East & Africa Type 2 Diabetes Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Amgen Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. AstraZeneca PLC
8.3.3. Boehringer Ingelheim International GmbH
8.3.4. Daiichi Sankyo Co. Ltd
8.3.5. Eli Lilly and Co.
8.3.6. Merck & Co. Inc
8.3.7. Novo Nordisk AS
8.3.8. Sanofi SA
8.3.9. Takeda Pharmaceutical Co. Ltd
8.3.10. Novartis AG
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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