Market Highlights
Diabetes mellitus type 2 is a metabolic disorder, characterized by high blood sugar, relative lack of insulin, and insulin resistance. The common symptoms of type 2 diabetes include constant hunger, itchy skin, weight loss, frequent urination, and others.
A number of factors such as increasing technological advancements, rising prevalence of disease, related comorbidities, unmet medical needs, improvement in the regulatory framework, and increasing government assistance, are few factors propelling the growth of the global type 2 diabetes mellitus treatment market.
However, the high cost of treatment, side-effects of available treatment options, and poor healthcare system in low or middle-income countries may hamper the growth of the market.
It is estimated that the type 2 diabetes mellitus treatment market size is expected to grow at a CAGR 8.0% during the forecast period of 2017-2023.
Regional Analysis
The Americas dominate the type 2 diabetes mellitus treatment market owing to the presence of patient population, a well-developed technology, high healthcare expenditure, and the presence of the leading players. Due to the rising prevalence of diabetes, various companies, and government associations are actively participating in improving diabetes care. For instance, The Merck Foundation provided funding of around USD 10,000,000 for the projects designed to improve diabetes care in the United States.
Europe holds the second position in the type 2 diabetes mellitus treatment market. It is expected that the government support towards research & development expenditure and amendments in reimbursement policies in the healthcare is likely to drive the European market. As per the guidelines suggested by German maternity, every pregnant woman can undergo glucose challenge test for the early diagnosis of Gestational diabetes mellitus, and the charges for the test are completely covered by women’s health insurance.
Asia Pacific is the fastest growing type 2 diabetes mellitus treatment market owing to a huge patient pool, increasing demand, and development in healthcare technology.
The Middle East & Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities.
Segmentation
The global type 2 diabetes mellitus treatment market is segmented on the basis of treatment and end user.
On the basis of the treatment, the market is classified as a drug class and devices. The drug class is further segmented into insulin, sensitizers, SGLT-2 inhibitors, alpha-glucosidase inhibitors, secretagogues, peptide analogs, others. The sub-segment of sensitizers includes thiazolidinediones and biguanides. The sub-segment of secretagogues includes sulfonylureas and non-sulfonylureas. The devices market is further segmented into blood glucose monitoring devices and insulin delivery devices. The sub-segment of blood glucose monitoring devices includes testing strips, lancets, continuous glucose monitors, self-monitoring blood glucose meters, and others. The sub-segment of insulin delivery devices includes insulin pens, insulin pumps, insulin syringes, and insulin jet injectors.
On the basis of the end user, the market is segmented into hospitals, clinics, diagnostic centers, drug stores, pharmacies, and others.
Key Players
Some of key the players in the global type 2 diabetes mellitus treatment market are Abbott Laboratories, Acon Laboratories, Inc., Adocia, Akros Pharma, Amgen, AstraZeneca, Bayer AG, Becton, Dickinson and Company, Biocon, Boehringer Ingelheim, Daiichi Sankyo, Eli Lilly, Novartis & Co., Novo Nordisk, Peptron, Pfizer, Roche Diagnostics Ltd., Sanofi, Sunpharma, Takeda Pharmaceuticals, and others.
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When insulin, a hormone helps the cells to absorb the blood glucose, becomes deficient then the body cells are not able to absorb the glucose from the blood.
This results in the accumulation of glucose in the blood.
Diabetes is classified into these types:
Type 1 diabetes (T1D) – The pancreatic cells are not able to produce insulin, which leads to an increase in blood glucose level.
Type 2 diabetes (T2D) – Glucose absorbing cells become resistant to insulin, or pancreatic cells do not make sufficient insulin, which causes an increase in blood glucose levels.
It can develop in a person of any age but mostly occurs in people >45 years of age.
Type 2 Diabetes Mellitus Treatment Market Research Report: By Treatment (Drug (Insulin, Sensitizers, Sglt-2, Alpha-Glucosidase Inhibitors, Others), Devices (Blood Glucose Monitoring, Insulin Delivery Devices)), By The End User – Global Forecast Till 2023The Global Type 2 Diabetes Mellitus Market is expected to exhibit an upswing and capture a CAGR of 8% over the forecast period of 2017-2023, proclaims Market Research Future (MRFR) in an exhaustive research report.
Type 2 diabetes mellitus has been increasing exponentially, and the market has observed a high prevalence rate in both developed and developing countries due to multiple risk factors of diabetes and delayed diagnosis.
For Free Sample PDF Visit @https://www.marketresearchfuture.com/sample_request/5669The government of various countries have initiated awareness programs and are investing heavily in research & development.
By end user, the market has been segmented into hospitals, clinics, diagnostic centers, drug stores, pharmacies, and others.
The Americas account for the largest share of the global type 2 diabetes mellitus market owing to the presence of a huge patient pool, well-developed healthcare sector, and the presence of leading players in the region.
The Middle East & Africa market accounts for the least share of the market due to low healthcare penetration and poor medical facilities, especially in the Africa region.
On a daily basis, an individual may keep getting minor cuts, blisters, bumps, and scratches.
While most people can use this trick to help them get rid of these insignificant wounds; Diabetic people are in the downside here as it takes a long time for them, for these wounds to heal.
Diabetes in itself is a significant health issue known to worsen any simple cuts and scratches and result in a severe condition if not dealt with appropriately.
Most commonly known types of diabetes include the following:
Type 2 Diabetes – Type 2 diabetes is a chronic disease that affects the processing of blood sugar (glucose) in our body
Type 1 Diabetes- This condition is distinguishable as the one in which the pancreas produces no or very less insulin
If you're experiencing frequent sleep loss in your daily routine, you have higher odds of type-2 diabetes, a new study says.
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Skimping Sleep Affects Your Appetite
Researchers of the National Institute of Sleep Foundation give conclusions that sleep loss in midlife affect your appetite, i.e Insomnia symptoms lead to obesity and other gastrointestinal problems.
Long-term sleep loss linked to hormonal imbalance, less insulin and low blood oxygen that increases the risk of type-2 diabetes and other health consequences.
Further studies confirmed the sleep deprivation is associated with a number of health problems, including physical, mental and neurological health diseases. Sleep experts found a link between sleep loss and heart problems, high blood pressure, weight gain, liver and kidney problems, lung and breathing issues, memory loss, cognitive impairment and chronic pain.
How Sleep Loss Increases Risk of Type-2 Diabetes?
If you're not getting 6 to 7 hours of sleep at night, your body releases high levels of Cortisol hormone that affects the levels of insulin levels. Insulin controls the levels of blood sugar and reduces the consumption of more sugary foods.
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