Sedentary Lifestyle Will Drive Global Diabetes Therapies Market to $69 Billion by 2023 - by The Business Research Company - Seite 2

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Increasing Access To Injectables In Developing Countries

The diabetes drugs market can be segmented into the oral drugs market and injectable drugs market. Oral drugs are mainly used in the treatment of type 2 and gestational diabetes, to control blood glucose levels. Injectable therapies include insulin administered through the use of insulin pens and insulin syringes. Insulin pens and syringes are used for injecting insulin into the body, mainly for the treatment of type 1 diabetes. In some cases, type 2 and gestational diabetes patients also require insulin injectables.

The injectables drugs segment was the largest segment in the global diabetic therapies market in 2018, with around 63% of the global total. This large share in the market was due to the prices of injectables being higher than for oral drugs. This segment is expected to grow at the highest forecast annual growth rate of around 7% to 2023. Major factors for this growth include increasing access to injectables in developing and some underdeveloped countries. The oral drugs segment is expected to be the slower growing segment, at an annual growth rate of about 5.5%.

Innovations In Diabetes Therapies Research And Development

Novel techniques relating to diabetes therapies research and development include gene editing, and identification of microbial strains for the treatment of diabetes. For example, in December 2016, researchers at Lund University Diabetes Centre in Sweden, worked on CRISPR, a genome modification tool. This resulted in the turning off of one of the genes responsible for causing diabetes. This effectively decreased beta cell death and increased insulin production in the pancreas.

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