Pune, Jan. 06, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, “Diabetic Nephropathy Market by Drug Class (Angiotensin-Converting Enzyme (ACE) Inhibitors, Angiotensin Receptor Blockers, Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors, Mineralocorticoid Receptor Antagonists, and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies) - Global Outlook & Forecast 2022-2030" published by Growth Plus Reports, the Diabetic Nephropathy Market is expected to grow at a CAGR of 4.3% from 2021 to reach US$ 3.25 billion by 2030.
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Growth Drivers
The increasing prevalence of diabetes is contributing to the growth of the global diabetes nephropathy market growth. Diabetic neuropathy is estimated to affect 6% to 51% of diabetic adults, depending on the type of diabetes, age, duration of diabetes, and glucose control. According to the International Diabetes Federation in 2021, nearly 537 million adults are living with diabetes globally and 1 out of 10 people have diabetes. The number is expected to reach around 643 million by 2030 and eventually, by 2045 it will reach nearly 783 million. Globally, around 6.7 million people are died because of diabetes in 2021, and almost $966 billion are spend on diabetes management.
The global diabetic nephropathy market has been analyzed from three different perspectives – Drug Class, Distribution Channel, and Region
Excerpts from ‘by Drug Class’
The global diabetic nephropathy market based on drug class has been segmented into:
- Angiotensin-Converting Enzyme (ACE) Inhibitors
- Angiotensin Receptor Blockers
- Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors
- Mineralocorticoid Receptor Antagonists
Angiotensin-converting enzyme (ACE) inhibitors are dominating the global diabetic nephropathy market due to their high therapeutic effect, and high ability to halt the development of diabetic nephropathy in diabetics with poorly managed hyperglycemia. Furthermore, ACE inhibitors delay the onset and slow the progression of diabetic nephropathy, which is expected to increase its adoption and thereby drive the growth of the segment in the global diabetic nephropathy market.
Excerpts From ‘by Distribution Channel’
The global diabetic nephropathy market based on the distribution channel has been segmented into:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
The hospital pharmacies segment dominates the global diabetic nephropathy market owing increase in patient footfall in hospitals for diagnostic and treatment and the availability of emergency care facilities along with skilled medical staff. Additionally, the complications and serious issues caused by type 2 diabetes are also fueling the growth of hospital pharmacies diabetic nephropathy market growth.
Excerpts from ‘by Region Segmentation
The global diabetic nephropathy market has been segmented into:
- North America
- Europe
- Asia Pacific
- The Rest Of The World
The global diabetic nephropathy market is dominated by North America, followed by Asia Pacific. The region's large share can be attributed to rising diabetes prevalence combined with a growing geriatric population and increased awareness of diabetic nephropathy. Additionally, increasing healthcare expenditure and developed infrastructure are also contributing to the growth of the North America diabetic nephropathy market.
Excerpts from ‘Competitive Landscape’
The prominent players operating in the global diabetic nephropathy market are:
- Anssen Pharmaceuticals, Inc
- Astrazeneca
- Aurobindo Pharma Limited
- Bristol Mayers Squibb Company
- Bayer Ag
- Merck & Co
- Glaxosmithkline Plc.
- Novartis Ag
- Par Pharmaceuticals
- Pfizer Inc
- Sanofi Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd
Browse Detailed Summary of Research Report with TOC:
https://growthplusreports.com/report/diabetic-nephropathy-market/8047
Table of Content
- INTRODUCTION
- Market Ecosystem
- Timeline Under Consideration
- Historical Years – 2020
- Base Year – 2021
- Forecasted Years – 2022 to 2030
- Currency Used in the Report
- RESEARCH DRUG METHODOLOGY
- Research Approach
- Data Collection Methodology
- Data Sources
- Secondary Sources
- Primary Sources
- Market Estimation Approach
- Bottom Up
- Top Down
- Market Forecasting Model
- Limitations and Assumptions
- PREMIUM INSIGHTS
- Current Market Trends (COVID-19 Perspective)
- Key Players & Competitive Positioning (2021)
- MARKET DYNAMICS
- Drivers
- Restraints/Challenges
- Opportunities
- GLOBAL DIABETIC NEPHROPATHY MARKET - ANALYSIS & FORECAST, BY DRUG CLASS
- Angiotensin-Converting Enzyme (ACE) Inhibitors
- Angiotensin Receptor Blockers
- Sodium Glucose Cotransporter 2 (SGLT2) Inhibitors
- Mineralocorticoid Receptor Antagonists
- Others
- GLOBAL DIABETIC NEPHROPATHY MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Scope of the Report:
| Report Attribute | Details |
| Market size value in 2021 | US$ 2.23 billion |
| Revenue forecast in 2030 | US$ 3.25 billion |
| Growth Rate | CAGR of 4.3 % from 2022 to 2030 |
| Base year for estimation | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | Drug Class, Distribution Channel, and Region. |
| Regional scope | North America, Europe, Asia Pacific, and the Rest of the World (ROW) |
VALUE PROPOSITIONS RELATED TO THE REPORT:
- Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
- Comprehensive quantitative and qualitative insights at segment and sub-segment level
- Covid 19 impact trends and perspective
- Granular insights at global/regional/country level
- Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
- Blanket coverage on competitive landscape
- Winning imperatives
- Exhaustive coverage on 'Strategic Developments' registered by leading players of the market
CUSTOMIZATION OPTIONS:
- Distributor Landscape Assessment
- Pipeline Assessment
- Pricing Intelligence
- Customer Base Assessment
- Investment & Initiatives Analysis
- 'Business Profile' of Key Players
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