Diabetic is the condition where the sugar (glucose) level is high in the blood or the production of the insulin is inadequate. Diabetes main type the very first one is Type 1 and the second is Type 2, both the diabetic are most commonly find in the current scenario, apart from this many other diabetics case are also been listed as gestational diabetes and others. The world is moving toward the diabetic’s world according to the International Diabetes Federation 415 million people are diabetes in 2015. This directly affect the market to come up with new innovations for diagnosis and treatment. The main cause of diabetes is the unstable lifestyle habits of the population which include physical inactivity, unhealthy diet, obesity, and smoking and in some cases the family history is also the strong risk of the diabetes. Various treatment method are present in the market injection, oral and others.
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Oral Antidiabetic (OAD) Treatment Market : Drivers & Restraints
Oral antidiabetic treatment is the most widely used method in the market, many players are coming with various product in the market. For instance, in August 2015, Glenmark Pharmaceuticals Limited has lunched generic Teneligliptin which was a third-generation oral anti-diabetic drug. The awareness program is also going by various private and government organization. The research organization are also working in antidiabetic sector to come up with various generation of diagnosis and treatment. The higher costing of the drugs is the hindrance of the market.
Oral Antidiabetic (OAD) Treatment Market: Segmentation
Oral Antidiabetic (OAD) Treatment Market segmentation based on:
Based on Drug Type
Sulphonylureas, Biguanides, Intestinal α-glucosidase inhibitors, Others
Based on End User
Hospital, Pharmacy Store, Drug Store, Diabetics Treatment Centres, Others
Based on Geography
North America, Europe, Latin America, Asia-Pacific, Middle East and Africa
Oral antidiabetic market is a growing market over the forecast period, many step are taken by the government in respect with funding and the other support for research. Various government organization has been formed in recent year and actively working on it as IDF or Diabetics Australia and many others. Many research is going on for developing low cost drugs for the treatment as diabetes is the major problem in coming years, according to the IDF 1 of the 11 adults have diabetes and 1 in 2 adults are having diabetes which is undiagnosed. The automatically fuel the market to come up with major innovations.
As a geography conditions the Oral Antidiabetic (OAD) Treatment Market is segmented into: North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa. North America has the 44.3 million population with diabetes in 2015 according to the IDF, same as Europe have 59.8 million in 2015 according to IDF and Asia Pacific has 60% diabetic population as compared with world according to Asian Diabetes Prevention Initiative.
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Some players in Oral Antidiabetic (OAD) Treatment Market are Eli Lilly and Company, AstraZeneca, Glenmark Pharmaceuticals Limited Novo Nordisk A/S, MSD & Co., Inc., Mannkind Corporation and Sanofi.
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