“India Diabetes Market by Manufacturers, Countries, Type and Application, Forecast to 2023 Report “Provides In-Depth Analysis of Parent Market Trends, Macro-Economic Indicators and Governing Factors Along With Market Attractiveness as Per Segments. The India Diabetes Market Research Report is expected to grow US$ 7441.6 million by 2023 from US$ 4778.7 million in 2016.
MarketResearchFuture.com adds “India Diabetes Market – 2018 Global Analysis, Growth, Trends and Opportunities Research Report forecasting to 2023” reports to its database.
India Diabetes Market – Overview:
The Diabetes Market in India is well-established & growing pervasively with the rapid pace. Growing prevalence of diabetes fuelled by the changing lifestyle, inclination towards the sedentary lifestyle & growing obesity disorder among people, are some of the predominant driving force contributing to the market growth. Introduction of the novel medicines & therapies, giving the best outcomes is providing impetus to the market growth. This, in turn, is supporting the market growth of Diabetes in India.
Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) has recently published a study report giving out the complete market prognosis up till 2023. According to MRFR, the Diabetes market in India will reach to USD 7441.6 million by 2023, posting a striking CAGR during 2017 – 2023. The market had valued USD 4778.7 million in 2016.
On the other hand, factors such as low awareness among people about diabetes treatment, the high manufacturing cost of diabetes management devices along with the skepticism of physicians towards the advancement & efficacies of these devices are likely to impede the growth of India Diabetes market. However, the demandin turn, is contributing to the market growth
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USV Private Limited, Novo Nordisk A/S, Sanofi-Aventis, Novartis AG, Merck & Co., Inc., Becton Dickinson and Company, Roche Diabetes Care, Inc., Johnson & Johnson Services, Inc., Bayer AG, Ypsomed are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Indian Diabetes Market.
India Diabetes Market – Competitive Analysis
The Indian Diabetes Market is fiercely competitive with the presence of several large and small players operating in the market. Focused on improving their market performance, the market players are acquiring promising companies to expand in the fast-growing markets. The structure of the market is changing due to the acquisition of local manufactures by the multinational companies. Growth in terms of product innovations and technologies in the market are also expected to create strong investment opportunities for the market players.
Industry/ Innovation/ Related News:
April 02, 2018 – Yostra Labs (Bengaluru, Karnataka), one of the leading Medical technology manufacturer announced that it has received the regional grand prize in the ASME Innovation Showcase – 2018 for its portable, hand-held medical device Sparsh. ISHOW is a global competition that offers monetary and technical support to help bring design prototypes of social entrepreneurs to populations in need. The innovative device, Sparsh, helps clinicians to identify the symptoms of peripheral neuropathy, the permanent damage to nerves in the feet in diabetic patients. Handy & affordable, the new device – Sparsh is the answer for expensive & non- portable, conventional screening devices available in India that need trained assistance to operate.
March 15, 2018 – A set of new guidelines for (Global) managing diabetes which was released in the first week of March this years, faced a major opposition from the Doctors in India. Recommending relaxing blood sugar targets, the norms were to replace the practice of more than three decades, but stirred up a row within the Indian medical community. The Indian doctors two scents that it will lead to serious complications in diabetics and confusion in the treatment protocol. Hence, these should be ignored for Indians.
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India Diabetes Market – Segments:
The Diabetes Market of India can be segmented into 5 key dynamics for the convenience of the report and enhanced understanding;
By Types: Comprises Type 1, Type 2, and Gestational diabetes.
By Tests: Fasting Blood Sugar Test, Random Blood Sugar Test, Oral Glucose Tolerance Test, and Initial Glucose Challenge Test among others
By Treatments: Insulin Therapy, Medications, Transplantation, and Bariatric Surgery among others.
By Devices: Diabetes Management Devices, & Blood Glucose Monitoring Devices, among others
By Regions: East, West, North & South Regions of India.
India Diabetes Market – Regional Analysis:
Indian Diabetes market is bifurcated into East, West, South & North Regions. Out of these, Western Region, states including, Maharashtra, Goa, and Gujarat among others is the largest market for Diabetes. While Eastern and Northern regions’ markets stand second largest markets for diabetes. The Southern region market is expected to grow significantly, whereas Central region is expected to witness a limited but moderate growth in the Indian Diabetes market.
What makes our report unique?
1) An extensive research study on the India Diabetes market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the India Diabetes market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
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