INDIA DIABETES CARE DRUGS MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2027)

INDIA DIABETES CARE DRUGS MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2027)

The India Diabetes Care Drugs Market is expected to register a CAGR greater than 3.5% forecast period, 2022-2027.

In India, COVID-19 infections, which began around two years ago, have contributed to a nearly 25% increase. With Over 80 million diabetics, India is commonly referred to be the diabetes capital. COVID, a viral infection that generates a variety of inflammatory reactions, has been linked to several recurring and new health problems, including hypoxia, weakness, weight loss, hair loss, myocarditis, and thyroid problems. However, diabetes is said to be one of the most prevalent side effects of the infectious condition. According to Dr. Anoop Misra, a senior endocrinologist from Delhi, the prevalence of new-onset diabetes and thyroid dysfunction in Covid-19 patients has been observed across countries. He speculated that the explanations may be "severe impacts of cytokine surge" (a strong immunological reaction reported in certain Covid patients) and/or "some unfurling of autoimmunity" (when the body's immune system mistakes and targets the body's own tissues and organs).

Insulin has a substantial market share in the pharmaceutical industry. Insulin is used by around 100 million people globally, including all patients with Type 1 diabetes and 10% to 25% of people with Type 2 diabetes. Insulin manufacturing is highly complicated, with just a few insulin producers on the market. As a result, there is tremendous competition among these companies, which are always seeking to meet patient requests by offering the highest-quality insulin.

Key Market TrendsOral-Anti Diabetes Drugs Segment is Having the Highest Market Share in 2021

The Oral-Anti Diabetes Drugs segment is expected to increase with a CAGR of over 3% during the forecast period, mainly due to the demand from the diabetes population, which was more than 82 million by the end of 2022.

Diabetes is a disorder for which there is no cure. With the present arsenal, it is an illness that impacts us for the rest of patients' lives. Individuals face a significant financial, social, and emotional burden beginning at the age of 30 and continuing into their 90s. According to all current guidelines in India, metformin should be the first option among oral antidiabetic medicines at the outset of diabetes.

However, a review of the literature from throughout the world finds that metformin is used in a variety of ways in the early stages of diabetes. Sharma et al. found a changing trend in 55% of metformin-treated individuals. The fraction of individuals on metformin remains stable from 0 to 20 years of diabetes. The proportion of sulfonylurea and dipeptidyl peptidase-4 inhibitors (DPP4i) increases from 23.12% and 22.5% in 0-5 years of diabetes to 70.77% and 60% in 10-15 years of diabetes. Following that, the proportion of sulfonylurea and DPP4i remains constant. As the use of sulfonylureas and DPP4i reaches a plateau, the use of insulin and sodium/glucose cotransporter 2 inhibitors increases. From 5 to 10 years of diabetes duration to 20+ years of diabetes duration, the proportion of alpha-glucosidase inhibitors increases somewhat. Thiazolidinediones and glucagon-like peptide-1 receptor agonists have a small proportion in contemporary practice and the given patient population.

Through the Indian government’s encouragement, the usage of Drugs increased over the forecast period.

The rising prevalence of diabetes in India is boosting the country's diabetes drugs market.

In India, it is anticipated to exceed 134 million by 2045. Approximately 57% of these people are still undiagnosed. Type 2 diabetes, which accounts for most cases, can result in multiorgan problems, which are roughly classified as microvascular and macrovascular complications. These problems are a key cause of increased early morbidity and death in diabetics, resulting in decreased life expectancy and a huge financial load on the Indian health care system. Diabetes risk factors include race, age, obesity, physical inactivity, a poor diet, and behavioral behaviors, as well as genetics and family history. Controlling blood sugar, blood pressure, and blood lipid levels can help to avoid or postpone the onset of diabetic complications. Diabetes prevention and management pose a significant challenge in India due to a number of issues and barriers, including a lack of a multisectoral approach, surveillance data, awareness of diabetes, its risk factors and complications, and access to health care settings, access to affordable medicines, and so on.

People living in cities and metropolitan regions in India are more likely than ever before to get diabetes, according to the 2021 assessment. This is due, in part, to cities encouraging a lifestyle that might raise a person's BMI (BMI). A greater BMI is a risk factor for diabetes. Rural India is also seeing an increase in type 2 diabetes occurrences. Diabetes is perceived as a "new" ailment in rural places, and public understanding of the condition is poor.

Diabetes cases are on the rise as the country undergoes urbanization, which means that more people are migrating to larger cities for work. Sedentary living habits are promoted in urbanized regions and cities, which is a risk factor for both obesity and diabetes. South Asian ancestors' bodies respond differently to sugary and fatty diets than European ancestors' bodies, and as processed Western foods become more popular in India, so does the risk of diabetes.

Thus, owing to the above factors it is expected to drive the market growth over the forecast period.

Competitive Landscape

The India diabetes drugs market is moderately fragmented, with few significant and generic players. The insulin drugs and Sglt-2 drugs market are dominated by a few major players, like Novo-Nordisk, Sanofi, AstraZeneca, and Bristol Myers Squibb. The market for oral drugs, like Sulfonylureas and Meglitinides, comprises more generic players. The intensity of competition among the players is high, as each player is striving to develop new drugs and offer them at competitive pricing. Furthermore, to increase their market shares, players are tapping into new markets, especially emerging economies where the demand is very high compared to the supply.

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