The Global Type 2 Diabetes Market is projected to experience a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

Diabetes, a chronic illness marked by high blood sugar levels, insulin resistance, and a relative lack of insulin, predominantly manifests as Type 2 diabetes (T2D). This form of diabetes is primarily managed through lifestyle changes, oral medications, and insulin therapy. Approximately 90% of individuals with diabetes have T2D. The World Health Organization (WHO) anticipates that by 2031, T2D will be the seventh leading cause of death worldwide. By 2031, the global Type 2 diabetes market is estimated to reach USD 64 billion

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Type 2 Diabetes Market Trends

The Type 2 Diabetes Market is being driven by several key trends. The increasing prevalence of diabetes globally is one of the primary factors. Additionally, there is a growing use of anti-diabetic drugs that offer non-glycemic benefits. A robust pipeline of novel therapeutic agents is also expected to be introduced in the coming years. However, the availability of cost-effective generic medications poses a significant challenge to market growth.

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Type 2 Diabetes  Market Segmentation

The global Type 2 diabetes market is segmented based on drug class, distribution channel, and region

By Drug Class: Oral Antidiabetics, Insulin

By Distribution Channel: Hospitals, Retail Pharmacy, Online Pharmacy

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Key Players in Diabetic Macular Edema 

• Novo Nordisk
• Merck & Co. Inc. 
• Pfizer 
• Astra Zeneca 
• Bristol-Myers Squibb 
• Eli Lilly
• Takeda 
• Johnson & Johnson 
• Sanofi

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