Market Analysis Report Type 1 Diabetes (T1D) Market

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Type 1 Diabetes (T1D) Market Share, Size, Key Players, Research
and Forecasts to 2024 | Hexa Research
“ The global type 1 diabetes market is expected to reach USD 25.52 billion by
2024.”
04 January 2019
The global type 1 diabetes market is expected to reach USD 25.52 billion by 2024. A significant increase in the
prevalence of type 1 diabetes coupled with Rigorous research & development activities to introduce novel
formulations drives the T1D market growth.
Sedentary lifestyles, unhealthy diet habits coupled with rising obesity rates will further enhance the uptake of
various types of insulin for the treatment of this disorder. Though this type of diabetes is rare still the
number of cases is increasing by 3% every year according to the data enumerated by the International
Diabetes Federation (IDF).
Insulin therapy is very much essential in the patients who have type 1 diabetes. Rising launch of the novel
insulin formulations along with several adjunct therapies will positively impact the insulin acceptance. On the
other hand, this chronic disorder poses a significant economic impact owing to the increasing cost of insulin
coupled with other conditions such as cardiac disorders, kidney disease among others. This affects the
respective countries and their national healthcare systems. For instance, the expenditure on diabetes
management accounts for around 5% to 20% of the total healthcare spending.
Browse Details of Report @ https://www.hexaresearch.com/research-report/type-1-diabetes-t1d-market
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