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New Zealand Diabetes Drugs Market Size (2024 - 2029)

The New Zealand diabetes drugs market is projected to experience growth over the forecast period, driven by the increasing need for effective diabetes management solutions. The market's expansion is influenced by factors such as the rising incidence of type 1 diabetes, particularly among pediatric and older adult patients post-COVID-19, which underscores the importance of accessible diabetes services and clinical care. Additionally, the New Zealand healthcare system, including organizations like PHARMAC, is actively working to enhance treatment guidelines and resources, aiming to ensure equitable access to diabetes medications. This strategic focus on education and resource provision is expected to support the market's growth trajectory.

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Market Size of New Zealand Diabetes Drugs Industry

New Zealand Diabetes Drugs Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 717.24 Million
Market Size (2029) USD 872.63 Million
CAGR (2024 - 2029) 4.00 %

Major Players

New Zealand Diabetes Drugs Market Major Players

*Disclaimer: Major Players sorted in no particular order

New Zealand Diabetes Drugs Market Analysis

The New Zealand Diabetes Drugs Market size is estimated at USD 717.24 million in 2024, and is expected to reach USD 872.63 million by 2029, growing at a CAGR of 4% during the forecast period (2024-2029).

Type 1 diabetes was more likely to occur after being diagnosed with COVID-19. Young pediatric patients and older adult patients with COVID-19 had the highest risk. Patients with type 1 diabetes were more likely to contract the virus and experience life-threatening consequences such as diabetic ketoacidosis. The patients' access to diabetes services and receipt of effective clinical care, including diabetes screening, education, and monitoring of control and complications, was therefore crucial.

An insulin hormone signals the liver, muscle, and fat cells to take up glucose to regulate blood sugar levels. It facilitates cells' uptake of glucose for cellular energy utilization. When the pancreas fails to produce enough insulin to meet the body's needs, type 1 diabetes develops. The management of type 1 diabetes is intricate and extremely customized. Synthetic insulin is required to regulate blood sugar levels in people with Type 1 diabetes every day or several times during the day.

The New Zealand PHARMAC staff is aware of the need for healthcare providers to receive education to use these treatments. The New Zealand Society for the Study of Diabetes (NZSSD) and the Ministry of Health are actively updating the type 2 diabetes recommendations, and PHARMAC staff is aware of this. These revisions will help provide clear guidance on when these medications should be used in therapy. PHARMAC has already started providing the tools and resources that it has been working to develop to support the use of this and other medications for type 2 diabetes. The main goal of these resources will be to support equitable access to these and other treatments.

New Zealand Diabetes Drugs Industry Segmentation

The aim of the treatment is to prevent diabetes from leading to other health problems. Constantly high blood sugar levels can cause damage to blood vessels and nerves. The New Zealand Diabetes Drugs Market is set to witness a CAGR of more than 4% during the forecast period. New Zealand Diabetes Drugs Market is segmented into drugs (Basal or Long-acting Insulins, Bolus or Fast-acting Insulins, Traditional Human Insulins, Combination Insulins, Biosimilar Insulins, and Amylin Analogues), and the report offers value (in USD million) and volume (in million mL) for drugs for the above segments.

Oral Anti-diabetic drugs (Value and Volume, 2017 - 2028)
Biguanides
Metformin
Alpha-Glucosidase Inhibitors
Alpha-Glucosidase Inhibitors
Dopamine D2 receptor agonist
Bromocriptin
SGLT-2 inhibitors
Invokana (Canagliflozin)
Jardiance (Empagliflozin)
Farxiga/Forxiga (Dapagliflozin)
Suglat (Ipragliflozin)
DPP-4 inhibitors
Onglyza (Saxagliptin)
Tradjenta (Linagliptin)
Vipidia/Nesina(Alogliptin)
Galvus (Vildagliptin)
Sulfonylureas
Sulfonylureas
Meglitinides
Meglitinides
Insulins (Value and Volume, 2017 - 2028)
Basal or Long Acting Insulins
Lantus (Insulin Glargine)
Levemir (Insulin Detemir)
Toujeo (Insulin Glargine)
Tresiba (Insulin Degludec)
Basaglar (Insulin Glargine)
Bolus or Fast Acting Insulins
NovoRapid/Novolog (Insulin Aspart)
Humalog (Insulin Lispro)
Apidra (Insulin Glulisine)
Traditional Human Insulins
Novolin/Actrapid/Insulatard
Humulin
Insuman
Biosimilar Insulins
Insulin Glargine Biosimilars
Human Insulin Biosimilars
Combination drugs (Value and Volume, 2017 - 2028)
Insulin combinations
NovoMix (Biphasic Insulin Aspart)
Ryzodeg (Insulin Degludec and Insulin Aspart)
Xultophy (Insulin Degludec and Liraglutide)
Oral Combinations
Janumet (Sitagliptin and Metformin)
Non-Insulin Injectable drugs (Value and Volume, 2017 - 2028)
GLP-1 receptor agonists
Victoza (Liraglutide)
Byetta (Exenatide)
Bydureon (Exenatide)
Trulicity (Dulaglutide)
Lyxumia (Lixisenatide)
Amylin Analogue
Symlin (Pramlintide)
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New Zealand Diabetes Drugs Market Size Summary

The New Zealand diabetes drugs market is poised for growth, driven by the increasing prevalence of diabetes and the need for effective management solutions. The market is characterized by a moderate level of consolidation, with significant players like Sanofi, Eli Lilly, Novo Nordisk, Boehringer Ingelheim, and AstraZeneca actively investing in research and development to enhance their product offerings. The availability of insulin and other diabetes medications is regulated by PHARMAC, ensuring equitable access to treatments. The introduction of new products and international collaborations in technological advancements are expected to further propel market expansion. The New Zealand Society for the Study of Diabetes, in conjunction with the Ministry of Health, is continuously updating guidelines to optimize diabetes management, particularly for type 2 diabetes, which is prevalent among Māori, Pacific Islanders, and South Asians.

The market's growth trajectory is supported by the increasing awareness of diabetes and the importance of blood sugar control. Insulin drugs are anticipated to experience significant growth, reflecting the ongoing need for daily or multiple daily insulin administration in type 1 diabetes management. The market landscape is shaped by the availability of both branded and generic medications, with major insulin manufacturers offering a wide range of products. Despite some funding restrictions, initiatives like the 'You Are a Priority' campaign aim to improve access to essential medications for high-risk populations. The consistent pricing of medications across New Zealand further supports market stability, making diabetes drugs accessible to a broader segment of the population.

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New Zealand Diabetes Drugs Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Oral Anti-diabetic drugs (Value and Volume, 2017 - 2028)

      1. 2.1.1 Biguanides

        1. 2.1.1.1 Metformin

      2. 2.1.2 Alpha-Glucosidase Inhibitors

        1. 2.1.2.1 Alpha-Glucosidase Inhibitors

      3. 2.1.3 Dopamine D2 receptor agonist

        1. 2.1.3.1 Bromocriptin

      4. 2.1.4 SGLT-2 inhibitors

        1. 2.1.4.1 Invokana (Canagliflozin)

        2. 2.1.4.2 Jardiance (Empagliflozin)

        3. 2.1.4.3 Farxiga/Forxiga (Dapagliflozin)

        4. 2.1.4.4 Suglat (Ipragliflozin)

      5. 2.1.5 DPP-4 inhibitors

        1. 2.1.5.1 Onglyza (Saxagliptin)

        2. 2.1.5.2 Tradjenta (Linagliptin)

        3. 2.1.5.3 Vipidia/Nesina(Alogliptin)

        4. 2.1.5.4 Galvus (Vildagliptin)

      6. 2.1.6 Sulfonylureas

        1. 2.1.6.1 Sulfonylureas

      7. 2.1.7 Meglitinides

        1. 2.1.7.1 Meglitinides

    2. 2.2 Insulins (Value and Volume, 2017 - 2028)

      1. 2.2.1 Basal or Long Acting Insulins

        1. 2.2.1.1 Lantus (Insulin Glargine)

        2. 2.2.1.2 Levemir (Insulin Detemir)

        3. 2.2.1.3 Toujeo (Insulin Glargine)

        4. 2.2.1.4 Tresiba (Insulin Degludec)

        5. 2.2.1.5 Basaglar (Insulin Glargine)

      2. 2.2.2 Bolus or Fast Acting Insulins

        1. 2.2.2.1 NovoRapid/Novolog (Insulin Aspart)

        2. 2.2.2.2 Humalog (Insulin Lispro)

        3. 2.2.2.3 Apidra (Insulin Glulisine)

      3. 2.2.3 Traditional Human Insulins

        1. 2.2.3.1 Novolin/Actrapid/Insulatard

        2. 2.2.3.2 Humulin

        3. 2.2.3.3 Insuman

      4. 2.2.4 Biosimilar Insulins

        1. 2.2.4.1 Insulin Glargine Biosimilars

        2. 2.2.4.2 Human Insulin Biosimilars

    3. 2.3 Combination drugs (Value and Volume, 2017 - 2028)

      1. 2.3.1 Insulin combinations

        1. 2.3.1.1 NovoMix (Biphasic Insulin Aspart)

        2. 2.3.1.2 Ryzodeg (Insulin Degludec and Insulin Aspart)

        3. 2.3.1.3 Xultophy (Insulin Degludec and Liraglutide)

      2. 2.3.2 Oral Combinations

        1. 2.3.2.1 Janumet (Sitagliptin and Metformin)

    4. 2.4 Non-Insulin Injectable drugs (Value and Volume, 2017 - 2028)

      1. 2.4.1 GLP-1 receptor agonists

        1. 2.4.1.1 Victoza (Liraglutide)

        2. 2.4.1.2 Byetta (Exenatide)

        3. 2.4.1.3 Bydureon (Exenatide)

        4. 2.4.1.4 Trulicity (Dulaglutide)

        5. 2.4.1.5 Lyxumia (Lixisenatide)

      2. 2.4.2 Amylin Analogue

        1. 2.4.2.1 Symlin (Pramlintide)

New Zealand Diabetes Drugs Market Size FAQs

The New Zealand Diabetes Drugs Market size is expected to reach USD 717.24 million in 2024 and grow at a CAGR of 4% to reach USD 872.63 million by 2029.

In 2024, the New Zealand Diabetes Drugs Market size is expected to reach USD 717.24 million.

New Zealand Diabetes Drugs Report Snapshots

New Zealand Diabetes Drugs Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)