Diabetes is a chronic metabolic disease that cause high blood sugar due to which body becomes incapable of producing insulin. According to World Health Organization (WHO), India had 69.2 million people living with diabetes (8.7%) in 2015. About 90% of the patients are suffering from Type 2 diabetes. Increasing awareness, increasing number of patients, untouched rural market, increasing urbanization, developing healthcare infrastructure and increasing spending on healthcare are driving the market for diabetes in India. India Diabetes Market is expected to grow at the average CAGR of 6.5% during 2016-2023. India Diabetes Market is growing rapidly. India Diabetes Market is expected to grow US$ 7441.6 million by 2023 from US$ 4778.7 million in 2016.
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The Diabetes Market in India is well-established & growing pervasively with the rapid pace. Growing prevalence of diabetes fuelled by the changing lifestyle, inclination towards the sedentary lifestyle & growing obesity disorder among people, are some of the predominant driving force contributing to the market growth. Introduction of the novel medicines & therapies, giving the best outcomes is providing impetus to the market growth. This, in turn, is supporting the market growth of Diabetes in India.
Evidently, technological advancements transpired into the field of medical science is also predominant factor propelling the market growth, escalating it pervasively. Seminal efforts & investments put in the development of innovative drugs & therapies, by the key market players to control diabetes are paying off well driving the market growth. Initiatives taken by the Government are playing a major role in fostering the market growth.
On the other hand, factors such as low awareness among people about diabetes treatment, the high manufacturing cost of diabetes management devices along with the skepticism of physicians towards the advancement & efficacies of these devices are likely to impede the growth of India Diabetes market. However, the demand for sophisticated devices by the physicians and patients, in turn, is contributing to the market growth to a great extent.
India Diabetes Market has been segmented on the basis of type which comprise Type 1, Type 2, and Gestational diabetes. On the basis of test market is segmented into Random blood sugar test, Fasting blood sugar test, Oral glucose tolerance test, Initial glucose challenge test and others. On the basis of devices, it is segmented into Blood glucose monitoring devices, Diabetes management devices, and others. On the basis of treatment, market is segmented into Medications, Insulin therapy, Transplantation, Bariatric surgery and others.
Considering the scenario of the Indian diabetes market, western region is believed to be the largest market for diabetes. Moreover the Eastern and Northern regions are also growing and second largest market for India Diabetes. On the other hand, Southern Indian market is expected to grow at significant rate in the India diabetes during the forecasted period. Central region is likely to have a limited but moderate growth in the market.
Some of the key players in this market are: Novo Nordisk A/S (Denmark), USV Private Limited (India), sanofi-aventis U.S. LLC (US), Novartis AG (Switzerland), Merck & Co., Inc. (US), Becton Dickinson and Company (US), Roche Diabetes Care, Inc.(US),Johnson & Johnson Services, Inc.(us), Bayer AG (Germany), Ypsomed (Switzerland)
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1. Report Prologue
2.2 Scope Of The Study
2.2.1 Research Objective
2.3 Market Structure
2.4. Market Segmentation
3. Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
List Of Tables and Figures
List Of Tables
Table 1 India Diabetes Market By Type
Table 2 India Diabetes Market By Test
Table 3 India Diabetes Market By Devices
Table 4 India Diabetes Market By Treatment
Table 5 India Diabetes Market By Region
List Of Figures
Figure 1 Research Process
Figure 2 Porters Five Forces Model
Figure 3 India Diabetes Market By Type
Figure 4 India Diabetes Market By Test
Figure 5 India Diabetes Market By Devices
Figure 5 India Diabetes Market By Treatment
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