Co-development and licensing deals set to spur on diabetes market growth

15 April 2012

The development of new diabetes medications are now more-commonly the result of deals between companies, a new study by pharmaceutical intelligence expert GBI Research has revealed.

The report found that, while major companies account for significant shares of the market, smaller firms are more able to compete using new strategies involving mergers, acquisitions, licensing deals and co-operation within the market, which is expected to boost product development until at least 2017.

Over 60 million people around the world suffer from diabetes, with the diabetic population currently rising further in key markets such as the USA, the UK and Germany, increasing the profitability of popular diabetes therapeutics. While the diabetes market is presently dominated by insulins, demand remains for products that are easier for patients to administer, and this growth potential is driving deals activity in the industry.

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