Diabetes is a serious and complex condition that can affect the whole body. Diabetes is caused by insufficient insulin secretion in the pancreas. Insulin secreted by the pancreas, a hormone made by beta cells responsible for the conversion of glucose from food to energy. There are many types of diabetes, and all types of diabetes are serious and complex physical conditions.
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The three major types of diabetes are type 1, type 2, and gestational diabetes. Type 2 is a long-standing condition in which the body produces insufficient insulin to convert glucose from food energy. Type 2 diabetes is strongly associated with genetic and family-related risk factors. Generally, type 2 diabetes develops in adults after the age of 45, but today there is an increasing prevalence among children and young adults who suffer from diabetes.
Some of the main symptoms of type 2 diabetes are excessive thirst, fatigue, lethargy, constant hunger and slow healing. Diabetes is an incurable disease and can only be controlled by lifestyle and medication changes. A drug given as a tablet or injection to raise insulin levels in the human body. Insulin is injected using a syringe and an insulin pen.
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Rising prevalence of diabetes worldwide is the major factor driving the growth of the inadequately controlled type 2 diabetes treatment market. A growing elderly population and changes in people’s lifestyles are also responsible for the rapidly increasing prevalence of diabetes worldwide. Increasing NGO initiatives for diabetes treatment among the population will boost the growth of this market.
Technological advances will lead to the development of highly improved medicines for the treatment of diabetes, driving the growth of the poorly managed type 2 diabetes treatment market. Unfavorable reimbursement policies, on the other hand, curb the growth of the improperly managed type 2 diabetes treatment market. In addition, high-cost diabetes medications and the potential for technical errors also impact the growth of the improperly managed type 2 diabetes treatment market.
Poorly controlled type 2 diabetes treatment market is expected to show strong growth over the forecast period due to the increasing elderly population suffering from type 2 diabetes. Type 2 diabetes comprises 85-90% of diabetes cases worldwide. According to the 7th edition of the International Diabetes Federation (IDF), 415 million people worldwide suffer from diabetes. According to the same study, China has the highest number of diabetics, with over 100 million people suffering from diabetes. Currently, there are few drugs on the market for the treatment of poorly controlled type 2 diabetes.
Players across the value chain of the poorly controlled type 2 diabetes treatment market include Sanofi SA, Boehringer Ingelheim GmbH, Eli Lilly & Company and others.
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