This report covers the 7MM (US, France, Germany, Italy, Spain, UK, Japan) and provides an Excel-based forecast model for the type 1 diabetes market through 2033.
GlobalData estimates sales of T1D therapeutics to be approximately $2.83 billion across the 7MM in 2023. By 2033, GlobalData expects the T1D market to grow at a strong compound annual growth rate (CAGR) of 13.3%, reaching sales of $9.91 billion by the end of the forecast period.
Major drivers of T1D market growth over the forecast period are the -
- Increase in the prescription of rapid-acting insulins in line with rising use of insulin pumps
- Launch of several oral and injectable agents, particularly immunomodulatory therapies
- Increase in the global prevalence of T1D
Major barriers that will restrict the growth of the T1D market during the forecast period are the -
- High price of certain insulins and immunomodulatory agents
- Patent expiries allowing for further biosimilar and generic erosion
- High failure rate of clinical trials developing disease-modifying therapeutics
Scope
- Overview of type 1 diabetes, including epidemiology, symptoms, diagnosis, and disease management.
- Annualized type 1 diabetes therapeutics market revenue, cost of therapy per patient, and treatment usage patterns forecast from 2023 to 2033.
- Key topics covered include strategic competitor assessment, market characterization, unmet needs, clinical trial mapping, and implications of these factors for the type 1 diabetes therapeutics market.
- Pipeline analysis: comprehensive data assessing emerging trends and mechanisms of action under development for type 1 diabetes treatment. The most promising candidates in late-stage development are profiled.
- Analysis of the current and future market competition in the global type 1 diabetes therapeutics market. Insightful review of the key industry drivers, restraints and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Reasons to Buy
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the 7MM type 1 diabetes therapeutics market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the 7MM type 1 diabetes therapeutics market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.