Diabetes is group of metabolic disorder, often referred as Diabetes Mellitus, results in high blood glucose levels. Body cells use glucose as a source of energy and insulin is important for the cells to absorb this glucose. When the body cells loose the capacity to respond to the insulin or body is not capable of producing sufficient insulin, it leads to an increase in blood glucose levels in the body. This condition is referred to as diabetes. Depending on the cause of development, it is divided into three types, which includes type 1 diabetes (body loses the capacity of producing sufficient insulin), type 2 diabetes (most common and body cells do not respond to insulin) and gestational diabetes (occurs in pregnant women). Among these, type 2 diabetes is the most common type and affects over 90% of the global diabetic patients.
According to the International Diabetes Federation (IDF), the number of diabetic patients reached 415 million in 2015 globally and is expected to reach around 642 million by 2040. According to the IDF, global healthcare expenditures to treat diabetes and its complications was USD 673 billion in 2015, representing 12% of total global healthcare expenditures and is expected to exceed USD 802 billion by 2040. According to the Asian Diabetes Prevention Organization, below are the some of the key facts and figures related to Asia-Pacific diabetes population:
- 60% of global diabetic population live in Asia
- 9 million adults have diabetes in China, which represents 11.6% of adult population in the country
- 1 million adults live with diabetes in India
- By 2030, it is estimated that both China and India combined will have almost half a billion diabetics
- Asians have a higher percentage of body fat at the same BMI as whites
- Almost 1 in 3 cigarettes manufactured around the globe is smoked in China
The Asia-Pacific diabetes drug therapy market includes a wide range of drug therapies used by healthcare professionals and patients to treat their blood glucose levels. The key drivers of this market growth include growing number of diabetes population, rise in base of geriatric population, large number of drugs under pipeline, need for new treatments with improved efficacy and launch of new generation of products for the treatment. Growing demand from emerging markets and supportive government initiatives are also been among foremost factors driving demand of diabetes drugs market. The Asia-Pacific market for diabetes drug therapy was valued at USD 9.9 billion in 2015 and is expected to reach around USD 19.2 billion by 2022, growing at a CAGR of 10.0% during the forecast period of 2016 to 2022.
Access Asia-Pacific Diabetes Devices Market report: https://www.infiniumglobalresearch.com/reports/country-reports/asia-pacific-diabetes-drug-therapy-market
The company profile section include detailed analysis of some of the key players such as Novo Nordisk, Sanofi, Mannkind Corporation, Bristol Myers Squibb, AstraZeneca, Eli Lilly and Company, GlaxoSmithKline, Novartis International AG, Abbott Laboratories, Medtronic, Inc.