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China's Type 2 Diabetes Market Will Grow To $3.5 Billion In 2017
Date:8/8/2013

BURLINGTON, Mass., Aug. 8, 2013 /PRNewswire/ -- Decision Resources, one of the world's leading research and advisory firms for pharmaceutical and healthcare issues, forecasts that the type 2 diabetes therapeutic market in China, the third largest after the United States and Japan, will grow 10 percent annually, reaching $3.5 billion in 2017.  Fueling this expansion are the growing number of drug-treated patients and the increasing use of dipeptidyl peptidase-4 (DPP-IV) inhibitors, glucagon-like peptide 1 (GLP-1) receptor agonists and insulin analogues.

The Emerging Markets report entitled Type 2 Diabetes in China finds that, although further generic erosion of older oral antidiabetics is expected, recently launched DPP-IV inhibitors (Merck's Januvia/Janumet, Bristol-Myers Squibb/AstraZeneca's Onglyza, Novartis's Galvus) and GLP-1 receptor agonists (Bristol-Myers Squibb/AstraZeneca's Byetta, Novo Nordisk's Victoza) will continue to enjoy market exclusivity and garner higher patient share in China during the 2012-2017 period. Biosimilar versions of insulin analogues, both long- and short-acting, will have only a modest impact on China's type 2 diabetes market during the forecast period. Most biosimilar insulins are only fractionally less expensive than the originators, which encourages physicians and patients to stay with branded insulins. Together with the launches of additional novel agents, Western-branded therapies will consistently capture more than 70 percent of sales in China's type 2 diabetes therapeutic market by 2017.

The findings also reveal that Chinese physicians show strong interest in DPP-IV inhibitors and GLP-1 receptor agonists. DPP-IV inhibitors are favored be
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SOURCE Decision Resources
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