The global type 1 diabetes market is expected to grow modestly during the forecast period owing to growing incidence and prevalence of diabetes and cohesive government policies. Type 1 diabetes is a serious, chronic condition that is caused when insulin is not created within the body, making the glucose level too high. It is the condition when cells that make insulin are attacked and destroyed by the body, it causes type 1 diabetes. Out of all the diabetic patients, only 5% have type 1 diabetes. The growth of the market is also dependent on technological advancement in the insulin delivery and rising demand for minimally invasive and non-invasive insulin delivery.
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The other factors contributing to the growth of the market include cohesive government policies, initiatives and programs for the type 1 diabetes. Apart from this, increasing chronic diseases associated with diabetes are contributing significantly to the growth of the market. However, certain factors such as high cost of the diagnosis and treatment therapies for diabetes may hamper the growth of global type 1 diabetes market. Geographically, the global type 1 diabetes market has been divided into North America, Europe, Asia Pacific and Rest of the World. North America dominates the global type 1 diabetes market due to technological advancements and supportive government initiatives in this region. APAC is anticipated to be the most emerging market due to increasing number of diabetics due to obesity, geriatric population, and changing lifestyles of the people.
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MARKET SEGMENTATION
GLOBAL TYPE1 DIABETES MARKET BY INSULIN ANALOG
- RAPID-ACTING
- LONG-ACTING
- PREMIX
GLOBAL TYPE1 DIABETES MARKET BY DRUG CLASS
- INSULIN
- OTHERS
GLOBAL TYPE1 DIABETES MARKET BY DEVICES
- INSULIN PUMPS
- INSULIN PEN
- BLOOD GLUCOSE METERS
- OTHERS
COMPETITIVE LANDSCAPE
- STRATEGY ANALYSIS
- KEY COMPANY ANALYSIS
REGIONAL ANALYSIS
NORTH AMERICA
- UNITED STATES
- CANADA
EUROPE
- UNITED KINGDOM
- FRANCE
- GERMANY
- ITALY
- SPAIN
- REST OF EUROPE
ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
REST OF THE WORLD
COMPANY PROFILES
- ABBOTT LABORATORIES INC
- ALERE INC.
- ASTRAZENECA LTD
- BAYER AG
- BECTON, DICKINSON AND COMPANY
- BOEHRINGER INGELHEIM
- DEXCOM INC
- ELI LILY AND CO.
- HOFFMANN-LA ROCHE LTD.
- GLAXOSMITHKLINE
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
