The European diabetes care drugs market is anticipated to grow at a significant CAGR over the forecast period (2020-2026). The UK, Germany, France, Italy, and Spain are some of the major economies contributing to the growth of the market over the forecast period. The key factor that drives the growth of the European diabetes care drugs industry is the presence of a large pool of patients suffering from diabetes and the increased need to serve them the best diabetes care and treatment.
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The rising geriatric population, sedentary lifestyles, unhealthy diets, and increasing levels of physical inactivity are some of the factors that are likely to increase the risk of diabetes among people. Hence, this is likely to create the scope for market growth over the forecast period. Further, the government’s support to create awareness among the people regarding diabetes treatment and care is likely to accelerate the growth of the market over the forecast period.
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In addition, a majority of countries in the region have implemented a national plan which includes diabetes individually or within a plan for non-communicable diseases (NCDs). The rising healthcare expenditure regarding the awareness, diagnosis, and treatment of diabetes is also contributing to the market growth. The European region approximately spends 9% of the total global healthcare expenditure and the expenditure on diabetes largely varies among European countries. Hence, this is likely to support the growth of the market over the forecast period.
Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Drug Class
- Region Covered- Europe
- Competitive Landscape- Bayer AG, Boehringer Ingelheim International GmbH, Eli Lilly and Co., Johnson & Johnson Services Inc., Novartis International AG, Novo Nordisk A/S, and Sanofi SA
Key questions addressed by the report
- What is the market growth rate?
- Which segment region dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
- Recovery Timeline
- Deviation from the pre-COVID forecast
- Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Europe Diabetes Care Drugs Market – Segmentation
By Drug Class
- Insulins
- Non-Insulin Injectable Drugs
- Oral Anti-Diabetic Drugs
- Combination Drugs
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