Mexican type 2 diabetes market set to grow to more than $1.2 billion in 2014

The type 2 diabetes market in Mexico will grow to $1.22 billion in 2014, forecasts research and advisory firm Decision Resources. Drivers of this growth include increasing prevalent population, expanding medical insurance coverage as well as the launch and use of new drugs in the market.

"Mexico now has the largest type 2 diabetes population in the world behind the USA, China, Japan and India," said Decision Resources analyst Yannick Maneuf. "As the population ages, the size of Mexico's prevalent type 2 diabetes population will continue to grow. We also expect the diagnosed rate of type 2 diabetes will continue to increase as the Mexican government actively promotes early diagnosis of diabetes," he noted.

Fixed-dose combo drugs will garner over $332 million