Market Size of United Kingdom (UK) Diabetes Drugs Industry
Study Period | 2018 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 1.06 Billion |
Market Size (2029) | USD 1.24 Billion |
CAGR (2024 - 2029) | 3.05 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
United Kingdom Diabetes Drugs Market Analysis
The United Kingdom Diabetes Drugs Market size is estimated at USD 1.06 billion in 2024, and is expected to reach USD 1.24 billion by 2029, growing at a CAGR of 3.05% during the forecast period (2024-2029).
Diabetes prevalence data shows an increase in the number of people living with a diabetes diagnosis in the UK. The rapidly increasing incidence and prevalence of diabetic patients and healthcare expenditure are indications of the increasing usage of diabetic drugs.
The World Health Assembly agreed on a Resolution on strengthening the prevention and control of diabetes. It recommends action in areas including increasing access to insulin; promoting convergence and harmonization of regulatory requirements for insulin and other medicines and health products for the treatment of diabetes; and assessing the feasibility and potential value of establishing a web-based tool to share information relevant to the transparency of markets for diabetes medicines and health products.
Anti-diabetic drugs help diabetes patients control their condition and lower the risk of diabetes complications. People with diabetes may need to take anti-diabetic drugs for their whole lives to control their blood glucose levels and avoid hypoglycemia and hyperglycemia. Oral anti-diabetic agents present the advantages of easier management and lower cost. So they became an attractive alternative to insulin with better acceptance, which enhances adherence to the treatment.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
United Kingdom Diabetes Drugs Industry Segmentation
Diabetes Drugs are used to manage diabetes mellitus by lowering the glucose level in the blood. The United Kingdom Diabetes Drugs Market is segmented into drugs. The report offers the value (in USD) and volume (in units) for the above segments.
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Oral Anti-diabetic drugs | ||||||
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United Kingdom (UK) Diabetes Drugs Market Size Summary
The United Kingdom diabetes drugs market is poised for growth, driven by the increasing prevalence of diabetes and the corresponding rise in healthcare expenditure. The market is characterized by a significant demand for anti-diabetic medications, which are essential for managing blood glucose levels and preventing complications associated with diabetes. Oral anti-diabetic drugs, in particular, hold a substantial share of the market due to their ease of use and cost-effectiveness, making them a preferred choice over insulin. The market is further supported by initiatives from the World Health Assembly and local health authorities aimed at enhancing access to diabetes treatments and improving patient management through digital health solutions.
The competitive landscape of the UK diabetes drugs market is marked by the presence of major pharmaceutical companies such as Eli Lilly, Sanofi, Novo Nordisk, and AstraZeneca. These companies are actively engaged in strategic mergers and acquisitions to expand their market presence and introduce innovative therapies. The market is also witnessing the emergence of new drug classes, such as glucagon-like peptide-1 receptor agonists, which offer additional benefits beyond glucose control, including anti-inflammatory and pulmonary protective effects. The collaboration between health technology companies and regulatory bodies is fostering an environment conducive to technological advancements and improved diabetes care. As a result, the market is expected to continue its upward trajectory, offering lucrative opportunities for stakeholders.
United Kingdom (UK) Diabetes Drugs Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Insulins
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2.1.1 Basal or Long Acting Insulins
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2.1.1.1 Lantus (Insulin Glargine)
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2.1.1.2 Levemir (Insulin Detemir)
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2.1.1.3 Toujeo (Insulin Glargine)
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2.1.1.4 Tresiba (Insulin Degludec)
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2.1.1.5 Basaglar (Insulin Glargine)
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2.1.2 Bolus or Fast Acting Insulins
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2.1.2.1 NovoRapid/Novolog (Insulin Aspart)
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2.1.2.2 Humalog (Insulin Lispro)
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2.1.2.3 Apidra (Insulin Glulisine)
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2.1.3 Traditional Human Insulins
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2.1.3.1 Novolin/Actrapid/Insulatard
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2.1.3.2 Humulin
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2.1.3.3 Insuman
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2.1.4 Biosimilar Insulins
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2.1.4.1 Insulin Glargine Biosimilars
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2.1.4.2 Human Insulin Biosimilars
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2.2 Oral Anti-diabetic drugs
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2.2.1 Biguanides
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2.2.1.1 Metformin
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2.2.2 Alpha-Glucosidase Inhibitors
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2.2.2.1 Alpha-Glucosidase Inhibitors
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2.2.3 Dopamine D2 receptor agonist
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2.2.3.1 Bromocriptin
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2.2.4 SGLT-2 inhibitors
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2.2.4.1 Invokana (Canagliflozin)
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2.2.4.2 Jardiance (Empagliflozin)
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2.2.4.3 Farxiga/Forxiga (Dapagliflozin)
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2.2.4.4 Suglat (Ipragliflozin)
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2.2.5 DPP-4 inhibitors
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2.2.5.1 Onglyza (Saxagliptin)
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2.2.5.2 Tradjenta (Linagliptin)
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2.2.5.3 Vipidia/Nesina(Alogliptin)
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2.2.5.4 Galvus (Vildagliptin)
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2.2.6 Sulfonylureas
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2.2.6.1 Sulfonylureas
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2.2.7 Meglitinides
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2.2.7.1 Meglitinides
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2.3 Non-Insulin Injectable drugs
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2.3.1 GLP-1 receptor agonists
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2.3.1.1 Victoza (Liraglutide)
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2.3.1.2 Byetta (Exenatide)
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2.3.1.3 Bydureon (Exenatide)
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2.3.1.4 Trulicity (Dulaglutide)
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2.3.1.5 Lyxumia (Lixisenatide)
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2.3.2 Amylin Analogue
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2.3.2.1 Symlin (Pramlintide)
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2.4 Combination drugs
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2.4.1 Insulin combinations
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2.4.1.1 NovoMix (Biphasic Insulin Aspart)
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2.4.1.2 Ryzodeg (Insulin Degludec and Insulin Aspart)
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2.4.1.3 Xultophy (Insulin Degludec and Liraglutide)
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2.4.2 Oral Combinations
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2.4.2.1 Janumet (Sitagliptin and Metformin)
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United Kingdom (UK) Diabetes Drugs Market Size FAQs
How big is the United Kingdom Diabetes Drugs Market?
The United Kingdom Diabetes Drugs Market size is expected to reach USD 1.06 billion in 2024 and grow at a CAGR of 3.05% to reach USD 1.24 billion by 2029.
What is the current United Kingdom Diabetes Drugs Market size?
In 2024, the United Kingdom Diabetes Drugs Market size is expected to reach USD 1.06 billion.