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The Global Market for Diabetes Drugs and Devices is Booming: Expected to Attain a Market Size of USD 114.3 Billion by 2016
Date:11/1/2011

of the Asia-Pacific region especially that of China, the contribution of the U.S. market is expected to drop by 5% - 7% within a period of 10 years from now.

The global increase in the prevalence of diabetes can be attributed to the fast development of economies of China and India as a major driving force for the diabetes care market. Besides these two countries, other Asian countries are expected to be major revenue generators for this market by 2030. According to our estimates, out of the 10 major countries with high diabetic population, 7 would be from the Asian region itself.

Factors triggering diabetes in Asian countries with high population such as India and China are the rapid urbanization, drastic change in lifestyle of people - most follow a static lifestyle. Such a change in lifestyle is leading to obesity and naturally to an increasing diabetic population. Another contributory factor is the lack in awareness, diagnosis and treatment of diabetes. Countries with high population lead to expansion in the type-2 diabetic population worldwide.

For the past few years, Roche Diagnostics, Johnson & Johnson, Bayer Healthcare and Abbott Laboratories have continuously dominated the market. These four companies globally formed a market share in excess of 9/10th of the overall market in the year 2010 with remaining share is with the other Tier-II companies worldwide. This trend is expected to carry on likewise in the near future. However, the shuffling of some percentage of market shares among these four is expected.

Scope and Overview

The report provides extensive analysis and wholesome insights about the current market trends, developments including industry drivers & challenges and future outlook & growth opportunities prevailing in the global diabetes market. The report also covers the strategies followed by "<
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SOURCE Transparency Market Research
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