Diabetes has emerged as one of the most common diseases in China, affecting over 92 Million people at the end of 2010. The country has a significant share in the diabetes market globally with a major share of diabetics in the country affected with type-II diabetes. Factors, such as incidence of diabetes associated with Western diets and an aging population has contributed to such a stupendous escalation in the diabetes population in China. Consequently, the oral diabetes drug market of China is anticipated to grow at a CAGR of around 5.3% during 2012 - 2014.
Our report has also found that, one of the main factors for the growth of the market is the entry of numerous foreign pharmaceutical giants in the diabetes market. The main factor for the interest of foreign players in the country’s diabetes market is the huge customer base, cheap labor and land cost provided by the country. Besides, increasing prevalence of obesity has played an important role in surging the number of diabetic patients in the country, which in turn, has fuelled the diabetes market in the country.
It has been believed that, diabetes will have major implications for people’s health and life expectancy. It will result in out-of-control China healthcare costs, placing growing strain on the budgets of families, employers, states, and the government. Studies carried out by WHO have shown that, China will lose around US$ 557.7 Billion of national income to diabetes and cardiovascular disease during 2005 - 2015.
Our report “China Diabetes Market Analysis” highlights the Chinese diabetes market by segmenting it into – oral diabetic drug market, insulin drug market, insulin delivery devices market, and glucose monitoring market. Each of these segments have been thoroughly studied and analyzed in the report. Moreover, the report provides an overview of the patient profile and cost implications of diabetes in the country, which will help clients in identifying the future demand scenario.
The report studies the current development process and its effects on various segments of the industry. The research contains exhaustive information regarding the market players, government initiatives, and patient profile that will help clients in formulating market strategies and assess opportunity areas in the Chinese diabetes market.
