February 19, 2025

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NEW YORK, Sept. 04, 2023 (GLOBE NEWSWIRE) – ReportLinker.com Announces the Release of the “Global Market for Diabetes Therapeutics and Diagnostics” Report –
Companies in relevant pharmaceutical and medical industries are discussed, with profiles of leaders and updates on M&A activity.

Five-year global sales forecasts are provided for key drug and device categories, and the diabetes market is detailed by country.

The key players, competitive intelligence, innovative technologies, market dynamics, and regional opportunities have been discussed in detail. The report examines the recent developments and product portfolios of the key players.

Patent analysis focuses on technology trends in recent years in regions such as the US, Europe and Japan. The report presents a market analysis and estimates the Compound Annual Growth Rate (CAGR) for the Diabetes Therapeutics and Diagnostics market.

The report segments the global market on the basis of these geographic regions: North America, Europe, Asia-Pacific, and Rest of the World. For the market projections, data is provided with 2022 as the base year, 2023 and forecast up to the year end 2028.

Reports include:
– 162 data tables and 63 additional tables
– Latest overview and analysis of global markets for diabetes therapeutics and diagnostics
– Analysis of global market trends with market revenue (sales figures) for 2020-2022, projections to 2023 and compound annual growth rate (CAGR) projections to 2028
– To understand the upcoming market potential for AI in Diabetes Mellitus Management with an emphasis on new products and solutions/platform technologies, and to understand the focus areas of forecasting this market into various segments and sub-segments.
Estimates of actual market size and revenue forecast for the global diabetes therapeutics and diagnostics market, and analysis of respective market share based on product type, end user, and geographic region
– In-depth information (Facts & Figures) on key market dynamics, opportunities and demand forecasting gaps, technology adaptation in diabetes care, industry growth, regulatory dynamics and impact of COVID-19 on the progress of this market
– Identification of companies best positioned to meet this demand due to or in combination with their proprietary technologies, product launches and other strategic advantages
– Review of major patent grants and patent applications on diabetes therapeutics and diagnostics, and emerging technologies and new developments in this market
– Analysis of the company’s competitive landscape based on their recent growth, financial performance, segmental revenue and operational integration
– Company profiles of key global players including Novo Nordisk, Sanofi SA, Lilly, Takeda, Danaher Corp and AstraZeneca

Summary:
The analysis revealed that the fastest growing market segment is diabetes monitoring devices and accessories, with an estimated CAGR of REDACTED%. Within that segment, the Lancet and Instruments subdivision has the highest growth rate with a CAGR of REDACTED%.

The diabetes treatment segment has the slowest growth rate with a CAGR of REDACTED%; Under Diabetology Therapeutics, the Injectable Therapies sub-segment has the lowest CAGR of REDACTED %.

According to the International Diabetes Federation, the global impact of diabetes is on the rise. By 2021, the most recent year for which data is available, nearly REDACTED one million adults between the ages of 20-79 will be living with diabetes.

The total is projected to reach REDACTED million by 2030 and REDACTED million by 2045.

Three-quarters of adults with diabetes live in low- and middle-income countries. Nearly half (about REDACTED million) of all adults with diabetes go undiagnosed.

Globally, approximately REDACTED million deaths in 2021 due to diabetes and its complications. The estimated cost of the disease in the same year was $REDACTED billion.

The percentage of diabetes alone in global health costs for adults has decreased.
Read full report:

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Source: www.globenewswire.com

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