The Type 2 Diabetes Market will have a neutral impact during the forecast period due to the widespread growth of the COVID-19 pandemic. According to Technavio’s pandemic-focused market research, market growth is expected to increase in 2021 compared to 2020.
As the coronavirus pandemic continues to spread, companies around the world are gradually smoothing their recession curve through the use of technology. Many companies go through response, recovery, and renewal phases. Building business resilience and enabling agility will help companies move forward on their way out of the COVID-19 crisis towards the next normal.
Important considerations for market forecasting:
- Effects of lockdowns, supply chain disruptions, destruction of demand and changes in customer behavior
- Optimistic, likely and pessimistic scenarios for all markets as the effects of the pandemic unfold
- Market estimates before and after COVID-19
- Quarterly impact analysis and updates on market estimates
The type 2 diabetes market is being driven by the increasing prevalence of diabetes. Additionally, an increase in the prevalence of obesity and lifestyle changes, as well as recent drug approvals, are expected to drive the Type 2 Diabetes market to a CAGR of approximately 10% over the forecast period.
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The top five market players for type 2 diabetes:
Amgen Inc .: The company offers type 2 diabetes products such as Repatha.
AstraZeneca Plc: The company offers type 2 diabetes products such as Komboglyze, Onglyza and XIGDUO XR.
Boehringer Ingelheim International GmbH: The company offers type 2 diabetes products such as Glyxambi and Jardiance.
Novo Nordisk AS: The company offers type 2 diabetes products such as Tresiba and Xultophy.
Sanofi SA: The company offers type 2 diabetes products such as Adlyxin, Amryl, Lantus, Toujeo and Apidra.
Type 2 Diabetes Market 2021-2025: Segmentation
The Type 2 Diabetes Market is segmented as follows:
- Geography
- North America
- Europe
- Asia
- LINE
- Drug class
- insulin
- DPP-4 inhibitors
- GLP-1 receptor agonists
- SGLT-2 inhibitors
- Other
Related health care reports include:
Global Type 1 Diabetes Drugs Market – The global Type 1 Diabetes Drugs market is broken down by product (long-acting insulins, fast-acting insulins, premixed insulins, and non-insulin drugs) and geography (North America, Europe, Asia, and ROW).
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Global Diabetes Management Devices Market – The global Diabetes Management Devices Market is broken down by Product (Blood Glucose Meters and Insulin Delivery Systems) and Geography (North America, Europe, Asia, and ROW).
Request a free sample report
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