The 7 major prediabetes markets reached a value of US$ 23.8 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 48.7 Billion by 2034, exhibiting a growth rate (CAGR) of 6.72% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 23.8 Billion |
Market Forecast in 2034
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US$ 48.7 Billion |
Market Growth Rate 2024-2034
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6.72% |
The prediabetes market has been comprehensively analyzed in IMARC's new report titled "Prediabetes Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Prediabetes is a medical condition characterized by higher-than-normal blood sugar levels that are not yet high enough to be classified as type 2 diabetes. It is considered an intermediate stage between normal blood sugar levels and a diabetes diagnosis. In this disease, the body's cells become less responsive to the action of insulin, a hormone produced by the pancreas that helps to regulate blood sugar levels. There may be no obvious signs or symptoms of the illness, but some individuals suffering from prediabetes may experience increased thirst, frequent urination, heightened hunger, fatigue, blurred vision, changes in weight, slow-healing sores, numbness or tingling in the hands or feet, etc. The diagnosis of this ailment is typically made by a review of the patient's medical history, clinical features, and laboratory studies. The healthcare provider may also perform several blood workups, such as a fasting plasma glucose test, an oral glucose tolerance test, a glycated hemoglobin (A1C) test, etc., to measure the amount of sugar in the bloodstream and confirm a diagnosis among patients.
The rising cases of genetic conditions, which can lead to insulin resistance and impaired glucose metabolism due to mutations in specific genes, are primarily driving the prediabetes market. Furthermore, the growing prevalence of several associated risk factors, such as a sedentary lifestyle, obesity, consumption of an unhealthy diet, etc., is also propelling the market growth. In addition to this, the escalating utilization of anti-diabetic medications, like metformin, to lower the amount of sugar produced and absorbed by the body, thereby preventing disease progression, is creating a positive outlook for the market. Moreover, the inflating adoption of continuous glucose monitoring (CGM) devices, which offer immediate feedback on glucose levels, including alerts for high or low blood sugar levels, and enable patients to take prompt action for the management of the ailment, is also bolstering the market growth. Apart from this, the emerging popularity of glucagon-like peptide-1 receptor agonists for treating the condition by increasing insulin secretion, promoting weight loss, and enhancing the quality of life is expected to drive the prediabetes market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the prediabetes market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for prediabetes and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the prediabetes market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current prediabetes marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
---|---|
APHD 012 | Aphaia Pharma |
Dapagliflozin | AstraZeneca |
Apabetalone | Celgene, Bristol-Myers Squibb |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Prediabetes: Current Treatment Scenario, Marketed Drugs and Emerging Therapies