Type-1 Diabetes Treatment Market: Dynamics, Segments, Size, and Demand Analysis during 2021-2025 | Impact of COVID-19 Pandemic

Market Synopsis

The Global Type-1 Diabetes Treatment Market is expected to cross USD 9.6 billion by 2025 at a CAGR of 7.9%.According to the Lancet, type-1 diabetes accounts for 5%–10% of all diabetes cases worldwide. Failure to produce insulin is the cause of this type of diabetes. The onset of the disease may be at a young age or exacerbated by aging and lifestyle, and management requires lifelong medication. Increasing access to medication and rising awareness about the condition are fueling the growth of the market.

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Market USP

Lifelong reliance on medication to manage the condition along with the rising prevalence of the disease.

Market Drivers

Rising prevalence of type-1 diabetes due to environmental and genetic factors

Growing geriatric population, which is susceptible to type-1 diabetes.

Increasing prevalence of obesity, which is a contributing factor

Rising worldwide spending on healthcare

Growing access to medication worldwide

Improved diagnostic capabilities ensuring early detection

Government support for the treatment of type-1 diabetes

Market Restraints

Negative side effects of the medication

Stringent approvals process that varies from nation to nation

Segmentation

By Product

Rapid-Acting Insulin: The largest and fastest-growing market in this segment. The segment has been further divided into Admelog, Humalog, Novolog, and others.

Short-Acting Insulin: Effective for 3–6 hours. Further divided into

Medium-Acting Insulin: Effective for 12–18 hours.

Long-Acting Insulin: Used for chronic cases and is effective for upwards of 24 hours. The segment has been further divided into Lantus, Levemir, and others.

Others: Ultra long-term action insulin and inhaled insulin are covered in this segment.

By End User

Hospitals and Clinics: Expected to be the largest and fastest-growing market during the forecast period.

Specialty Centers: Catering exclusively to patients suffering from diabetes, these centers are being opened across the globe.

Others: Treatment at home and at old age homes are covered in this segment.

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By Region

Americas

Europe

Asia-Pacific

Middle East & Africa

Regional Analysis

Americas: Expected to be the largest market during the forecast period.

Europe: A growing market.

Asia-Pacific: The fastest-growing market.

Middle East & Africa: The smallest market but with a very high number of cases.

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Key Players

Astellas Pharma (Japan)

Eli Lilly (US)

Merck (US)

Novo Nordisk (Denmark)

Sanofi (France)

AstraZeneca (UK)

Boehringer Ingelheim GmbH (Germany)

Novartis (Switzerland)

Pfizer Inc. (US)

Abbott Laboratories (US)

Mannkind Corporation (US)

Braun Melsungen AG (Germany)

Macrogenics, Inc. (US)

DiaVacs, Inc. (US)

Biodel, Inc. (US)

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