China Diabetes Market Outlook
According to the report by Expert Market Research (EMR), the China diabetes market is projected to grow at a CAGR of 9.5% between 2024 and 2032. Aided by accelerating population of overweight and obese people and unhealthy eating patterns, the market is expected to grow significantly by 2032.
Diabetes, predominantly marked by prolonged elevated blood sugar levels, results from the body’s inefficacy to produce or optimally utilise insulin. Alarmingly, China is home to the most significant number of diabetics globally, a title that underscores the essentiality of a comprehensive understanding of the China diabetes market trends.
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A suite of factors is at the helm of the surging China diabetes market growth. Foremost, the nation’s rapid urbanisation has ushered in lifestyle alterations that significantly elevate diabetes risk—sedentary habits, higher calorie intake, and increased stress levels.
There’s also a genetic dimension at play. Certain genetic markers found in the Chinese population predispose individuals to diabetes, especially when combined with lifestyle changes. The swelling elderly demographic in China, susceptible to chronic ailments, further accentuates the situation. The proliferation of advanced diagnostics and therapeutics in the Chinese healthcare landscape has elevated the China diabetes market growth. Local government entities, cognizant of the looming healthcare predicament, have mobilised resources to champion early detection, effective disease management, and preventive strategies.
Also, there’s an upward trajectory in telemedicine adoption. The aftermath of the pandemic has solidified telehealth’s position, promoting regular consultations and patient monitoring without geographical constraints.
As per the China diabetes market analysis, wearable technologies, for example, have penetrated the diabetes management scene. Continuous glucose monitoring systems (CGMs) are gaining traction, as they offer real-time blood sugar level assessments. Another discernible trend is the fusion of traditional Chinese medicine with contemporary therapeutic modalities. Herbal formulations, acupuncture, and dietary interventions, deeply rooted in Chinese tradition, are being integrated with modern medicines.
Pharma sectors have witnessed burgeoning China diabetes market demand due to rising demand for novel drug classes like DPP-4 inhibitors and GLP-1 receptor agonists. Concurrently, there’s a burgeoning demand for insulin delivery systems like pens and pumps, epitomising a blend of accuracy and user-friendliness. Moreover, there’s a palpable surge in demand for diabetic-friendly culinary products. These offerings ensure a balanced nutritional intake without skimping on the gustatory experience.
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China Diabetes Market Segmentation
The market can be divided based on segment and region.
Market Breakup by Segment
- China Oral Antidiabetics Market
- China Insulin Market
Market Breakup by Region
- Shanghai
- Zhejiang
- Guangdong
- Jiangsu
- Beijing
- Others
China Diabetes Market Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the China diabetes market. Some of the major players explored in the report by Expert Market Research are as follows:
- Abbott
- Medtronic
- Others
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