Global Diabetic Neuropathy
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to cognitive market research, the global diabetic neuropathy market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
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Market Restrains:
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Market Trends:
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Market Split by Type |
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Market Split by Drug Class |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Diabetic Neuropathy Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Autonomic, proximal, focal, and peripheral neuropathy are among the forms of diabetic neuropathy. The global market for diabetic neuropathy is being driven, among other things, by rising market developments and rising diabetes cases.
The rise in the number of diabetes cases worldwide, public awareness of the disease, the advancement of pain management technologies, and market trends are all factors contributing to the growth of the diabetic neuropathy market.
With chronic diabetes becoming more commonplace worldwide, there is a sizable patient base. Thus, whether or not someone they know has experienced it, people all over the world have gradually become more aware of the same. In addition, a lot of efforts have been made to raise awareness of these complications associated with diabetes, which is driving demand for care and treatment services. The increasing public awareness of healthcare facilities and preventive treatments, which are expanding to accommodate more services, is also contributing to the development of the market. WHO and IDF are working together to prevent & control diabetes and ensure good quality of life for people worldwide.
• For instance, the WHO Diabetes Program is aimed at preventing type 2 diabetes, reducing complications, and improving the quality of life for people with diabetes.
(Source:https://www.who.int/initiatives/the-who-global-diabetes-compact)
One of the most common illnesses with serious negative effects on human health is diabetes. These chronic lifestyle diseases have a wide geographic distribution and have been linked to people from all socioeconomic backgrounds. During the projection period, the global demand for diabetic neuropathy would grow at a slower rate due to the rising prevalence of diabetes. In addition, several conditions including obesity, heart disease, diabetic neuropathy, and other problems with sugar are believed to be contributing to the market's growth. Growing urbanization, which encourages sedentary lifestyles like consuming carbohydrates and engaging in little physical activity, has an impact on the market's growth as well.
• For instance, Diabetes currently has a global prevalence rate of 6.1%, ranking it among the top ten leading causes of death and disability.
(Source:https://www.who.int/news-room/fact-sheets/detail/the-top-10-causes-of-death)
Some of the obstacles to market expansion include the growing cost of diabetic neuropathy medications, the growing availability of alternative medications, and other factors. The availability of alternative therapies like physiotherapy and radiotherapy, which are regarded as more comfortable and may offer patients satisfactory clinical results, is one factor limiting the market's potential. Given the continued global increase in the prevalence of both diabetes and related neuropathy, the degree of regional expansion in the treatment of diabetic neuropathy can be regarded as moderate. Tight regulations, product recalls, delays in Food and Drug Administration clearances, and other issues of a similar nature could also impede the growth of this market.
• For instance, duloxetine can range from $9.00 to $54.31. Thus, the high cost of drugs used for the treatment of diabetic peripheral neuropathy may hinder the growth of the market during the forecast period.
(Source:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3150163/)
The COVID-19 pandemic significantly impacted the diabetes drug market in various ways. Firstly, people with diabetes were identified as a high-risk group for severe COVID-19 complications, leading to increased demand for diabetes medication as patients sought to better manage their conditions to reduce the risk. However, disruptions in healthcare services, including limited access to clinics and hospitals, impacted the diagnosis and management of diabetes for some patients. This could have led to fluctuations in demand for diabetes drugs. The economic repercussions of the patient's ability to afford medications, potentially lead to changes in purchasing patterns or adherence to treatment regimens. In terms of research and development, the focus on COVID-19-related treatments and vaccines may have diverted resources and attention away from diabetes drug development, impacting innovation in the field. Some studies show that the use of metformin, an oral antihyperglycemic, is associated with reduced COVID-19 severity in individuals with diabetes compared to other antihyperglycemic medications.
• For instance, a new study found that taking metformin, a commonly used diabetes drug, after testing positive for Covid-19 may cut the risk of developing long Covid-19 by 40%. Metformin is a medication that helps control blood sugar levels in people with type-2 diabetes and is widely used in India to treat the disease.
(Source:https://www.business-standard.com/health/cheap-diabetes-drug-could-cut-risk-of-developing-long-coronavirus-study-123060900301_1.html)
The number of elderly people and their consumption of carbohydrates is rising, which is contributing to an increase in the incidence of diabetes. With the growing number of people with diabetes worldwide, there is an increasing need for treatments for diabetic neuropathy. The market is expanding thanks in part to increased government spending on improving healthcare. stem cell therapy and targeted drug delivery systems are being explored, offering hope for more effective management and potential reversal of neuropathy symptoms. The sector for diabetic neuropathy is anticipated to increase shortly due to the quick advances in science and the rising investments made by the major industry participants. Diabetic neuropathy’s therapeutic arm is witnessing a sizable expenditure to launch new medications.
• For instance, in December 2023, Vertex Pharmaceuticals Inc. announced affirmative results from the Phase II dose-ranging study of selective Nav1.8 inhibitor VX-548 in those contracting painful diabetic peripheral neuropathy.
(Source:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3150163/)
• For instance, in July 2023, Aspirus Lifesciences developed a drug for diabetic neuropathy. It filed a patent for treatment which comprises a fixed dose combination of two drugs. R&D of such drugs is augmenting diabetic neuropathy market value.
(Source:https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/asprius-lifesciences-develops-drug-for-diabetic-neuropathy-files-patent/articleshow/102180158.cms?from=mdr)
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Due to the rise in R&D projects, Johnson & Johnson and GlaxoSmithKline plc are the major players outperforming the diabetic neuropathy market. Major market companies are being influenced by this to diversify their product offerings globally. As a result, the important companies' varied product portfolios tend to increase the company's value. Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the diabetic neuropathy market. These major players provide consumers with easy access to a vast array of wardrobe options through their extensive retail networks and online platforms
• For instance, the most significant player in the market is thought to be Pfizer Inc. due to its emphasis on creating goods like Motrin and Lyrica that are expected to fuel growth.
(Source:https://www.pfizer.rs/files/pfizer-2018-annual-review.pdf)
Top Companies Market Share in Diabetic Neuropathy Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
The American regional market is growing at a CAGR of xx%. The high rate of diabetes in the area is responsible for market dominance. The region held the majority of the market because of the large patient pool, the wider acceptance of cutting-edge technologies, and developed nations like the US and Canada. Subsequent, focused studies have confirmed the link between neuropathy and diabetes, concluding that a considerable risk of neuropathy exists for most individuals with clinically diagnosed diabetes. Moreover, an American study that was published in the Neurology Journal predicts that 47% of diabetic patients either currently have or will eventually receive a diagnosis of peripheral neuropathy. This has increased demand for treatments, monitoring tools, and drugs to control and stabilize elevated blood sugar levels in people with diabetic neuropathy. The market has been greatly enhanced by large capital investments made in the area.
Asia-Pacific is the fastest-growing market, with an xx% CAGR. Given the high prevalence rate of diabetic neuropathy in the region, Asia-Pacific offers a sizable market potential. The largest market players are expanding into the unexplored market in Asia-Pacific as a result of the region's rapid economic growth and expanding policy measures. The market is anticipated to experience significant growth in Asia-Pacific as a result of collaborations between endocrinologists, certified diabetes educators, diabetes prevention stakeholder organizations, and industry leaders.
The current report Scope analyzes Diabetic Neuropathy Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Diabetic Neuropathy Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Diabetic Neuropathy Industry growth. Diabetic Neuropathy market has been segmented with the help of its Type, Drug Class Distribution Channel, and others. Diabetic Neuropathy market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the type of diabetic neuropathy the market is segmented into peripheral neuropathy, autonomic neuropathy, focal neuropathies, and proximal neuropathies. The peripheral neuropathy segment dominates the global market and is expected to grow at a CAGR of xx%. It is anticipated that the high incidence of peripheral neuropathy will increase demand for the sub-segmental products even more. As an illustration, the National Institute of Neurological Disorders and Strokes estimates that over 20 million Americans have experienced peripheral neuropathy in one way or another. Thus, the market is dominated by the naturally occurring peripheral diabetic neuropathy segment. Medication and therapy-based methods are available to maintain blood glucose levels within a range that stops peripheral neuropathy from progressing, even though there are no long-term cures that can reverse the disease.
• For instance, the two FDA-approved medications for the symptomatic effects of diabetic peripheral neuropathy are Cymbalta (Elli Lilly and Company) and Lyrica (Pfizer Inc.).
(Source:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4450668/)
• For instance, in January 2023, Abbott, an American global medical devices and healthcare corporation, received the U.S. Food and Drug Administration (FDA) approval for its Proclaim XR spinal cord stimulation (SCS) system for the treatment of painful diabetic peripheral neuropathy (DPN).
(Source:https://abbott.mediaroom.com/2023-01-26-FDA-Approves-Abbotts-Spinal-Cord-Stimulation-for-People-Living-with-Painful-Diabetic-Peripheral-Neuropathy)
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Diabetic Neuropathy Industry. Request a Free Sample PDF!
Based on the drug class the market is segmented into NSAIDs, opioids, capsaicin, antidepressants, and others. In terms of drug classes, the non-steroidal anti-inflammatory drugs (NSAIDs) segment is expected to witness significant growth in the coming years. NSAIDs are commonly used to manage pain and inflammation associated with various conditions, including diabetic neuropathy. With diabetic neuropathy often characterized by symptoms such as neuropathic pain and inflammation, NSAIDs play a crucial role in providing relief and improving the quality of life for affected individuals. As the prevalence of diabetes rises globally, so does the demand for effective pain management solutions, thereby driving the growth of the NSAIDs segment within diabetic neuropathy treatment. Additionally, advancements in pharmaceutical research have led to the development of novel NSAID formulations with improved efficacy and safety profiles, catering specifically to diabetic neuropathy patients.
• For instance, A US study of 55,686 patients with a variety of disorders associated with neuropathic pain found that 39.7% used NSAIDs.
(Source:https://www.sciencedirect.com/science/article/abs/pii/S0304395909001638#:~:text=A%20US%20study%20of%2055%2C686,have%20these%20conditions%20%5B2%5D.)
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Based on the distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and others. The hospital pharmacies segment led the market with the largest revenue share of xx% in 2024, because of the high hospitalization rate for diabetic neuropathy. Additionally, the centralized medication management system found in hospital pharmacies facilitates the provision of specialized care for patients suffering from diabetic neuropathy. Hospital pharmacies are essential to guaranteeing the accessibility and availability of these treatments, as they cater to the needs of both inpatient and outpatient populations. The increasing prevalence of diabetes worldwide has led to a steady increase in the need for diabetic neuropathy treatments provided by hospital pharmacies, which has fueled the segment's expansion. Better organization and availability of the necessary drugs and treatments are made possible by this centralization. Furthermore, one of the factors contributing to the expansion of the hospital pharmacy market is government support.
• For instance, the FIP (International Pharmaceutical Federation) Hospital Pharmacy Section (HPS) is dedicated to advancing the practice of hospital pharmacy through various initiatives and grants. The HPS aims to encourage innovative research in the field of hospital pharmacy.
(Source:https://www.fip.org/files/fip/HPS/FIP_HPS_Strategic_Plan_2022-2027.pdf)
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
The global market for diabetic neuropathy is being driven, among other things, by rising market developments and rising diabetes cases. The need for diabetic neuropathy treatments offered by hospital pharmacies has been rising steadily due to the increased prevalence of diabetes worldwide, which has fueled the segment's expansion. The sector for diabetic neuropathy is anticipated to increase shortly due to the quick advances in science and the rising investments made by the major industry participants. Diabetic neuropathy’s therapeutic arm is witnessing a sizable expenditure to launch new medications.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Peripheral Neuropathy, Autonomic Neuropathy, Focal Neuropathies, Proximal Neuropathies |
Drug Class | NSAIDs, Opioids, Capsaicin, Antidepressants, Others |
Distribution Channel | Hospital Pharmacies, Retail Pharmacies, Others |
List of Competitors | Pfizer, Johnson Johnson, Boehringer Ingelheim, NeuroMetrix, Astellas Pharma, Eli Lilly, GlaxoSmithKline, Lupin Limited, Depomed, Glenmark Pharmaceuticals, Arbor Pharmaceuticals |
This chapter will help you gain GLOBAL Market Analysis of Diabetic Neuropathy. Further deep in this chapter, you will be able to review Global Diabetic Neuropathy Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Drug Class Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Diabetic Neuropathy market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Peripheral Neuropathy have a significant impact on Diabetic Neuropathy market? |
What are the key factors affecting the Peripheral Neuropathy and Autonomic Neuropathy of Diabetic Neuropathy Market? |
What is the CAGR/Growth Rate of NSAIDs during the forecast period? |
By type, which segment accounted for largest share of the global Diabetic Neuropathy Market? |
Which region is expected to dominate the global Diabetic Neuropathy Market within the forecast period? |
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