Global diabetes drugs market led by Novo Nordisk and Sanofi
The global diabetes drugs market has been forecast to increase at a compound annual growth rate (CAGR) of 9.7% through to 2015, with the industry set to hit a value of $98.4 billion by 2018, according to a new report added to the offering of Companies and markets.
Key players within the diabetes drugs market include the USA’s Eli Lilly and Merck & Co. as well as Denmark’s Novo Nordisk and France’s Sanofi. Novo Nordisk accounted for the largest share, 27.4% in 2011 in the global diabetes drugs market followed by Sanofi accounting for 19.2%.
At present, diabetes is one of the major areas of concern worldwide. The rising number of patients is due to the ever increasing population around the globe mainly in the Asia Pacific region. Currently, over 370 million people suffer from diabetes across the globe, which is expected to exceed 550 million by 2030.
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