According to the current analysis of Emergen Research, the global Diabetic Ketoacidosis Market was valued at USD 1297.3 million in 2019 and is expected to reach USD 1973.6 million by 2027, at a CAGR of 6.2%. Increasing awareness among healthcare professionals about ketones build up during type 1 diabetes as well as type 2 diabetes, and favorable funding scenario for drug development and technological advancements in diabetes ketoacidosis treatment is anticipated to boost the growth of the market during the forecast period. Ketoacidosis, hyperglycemia and ketonuria during diabetic ketoacidosis makes it a critical life threatening condition of diabetes. Furthermore, growing prevalence of type 1 diabetes across the globe, increasing availability of well-organized and technologically advanced diabetic ketoacidosis treatment in developing nations, significant R&D activities by the existing and emerging market players to develop effective drugs in an attempt to cater the demand supply gap in the market.
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Restoring of fluid loss with circulatory fluids, rectification of electrolyte disturbances, substitution of hyperglycemia with insulin, improvement in the balance of acid base and management of simultaneous infection are some of the primary components of diabetic ketoacidosis treatment. However, factors such as significant side effects of the existing diabetic ketoacidosis drugs, dearth of skilled clinicians and limited facilities in less developed or low income countries, and stringent government regulations for drug development are expected to restrict the market growth during the forecast period.
Global Diabetic Ketoacidosis Market COVID-19 Analysis
The report offers an extensive analysis of the factors that are likely to influence the growth of the industry. The research study considers the COVID-19 pandemic a key growth influencing factor. The pandemic has negatively impacted the Diabetic Ketoacidosis industry through disruptions in global supply chains and grueling economic conditions. The report extensively analyzes the impact of the pandemic on the Diabetic Ketoacidosis market on a global as well as regional scale. To be updated, the report is furnished with the latest impact of the currently unfolding coronavirus pandemic on the Diabetic Ketoacidosis industry. The pandemic began in late 2019 and hit the world in early 2020, disrupting the normal lives and affecting every segment of the world. The report covers the impact of the pandemic on the Diabetic Ketoacidosis market and its key segment. The report also offers an initial and future assessment of the impact of the pandemic on the Diabetic Ketoacidosis market and offers revenue estimations in a post-COVID-19 scenario.
Revenue and cost profit analysis of major player dominating the Diabetic Ketoacidosis market
The report also takes into consideration the effect of the different restrictions imposed in different regions on the Diabetic Ketoacidosis industry and its key segments. It also offers a current and future impact analysis of the pandemic on the overall Diabetic Ketoacidosis market.
Development of advanced products for diabetic ketoacidosis management offers lucrative growth opportunities. There is a demand for products capable of significantly reducing diabetic ketoacidosis associated hospitalization rates and events of acute diabetes
Availability of research funds from private as well as public bodies is vital for the advancements in field of diabetic ketoacidosis. In line with this various research organizations are focused in expansion of Diabetes research capabilities. For instance, in October 2019, JDRF announced launch of a new centre for type 1 cure research.
Key market players operating in the global market for diabetes ketoacidosis include, Biocon, Merck, Novo Nordisk, Bristol-Myers Squibb, AstraZeneca, Sanofi, Pfizer, Eli Lilly and Company, Tonghua Dongbao Pharmaceutical, Wockhardt, GlaxoSmithKline, Oramed Pharmaceuticals and Adocia among other companies
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Increasing adoption of sedentary lifestyle among urban population is a key factor for high risk of Diabetes Ketoacidosis among population of North America. Furthermore favorable reimbursement scenario and presence of leading manufacturers in the region are expected to contribute toward lucrative for the North American region. Owing to these factors North America held significant market share of 35.5% in 2019 and is anticipated to dominate the market over the forecast period.
The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Diabetic Ketoacidosis market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
Treatment Type Outlook (Revenue in Million USD; 2017–2027)
- Fluid Replacement
- Electrolyte Replacement
- Insulin Therapy
- Intermediate-Acting Insulin
- Long-Acting Insulin
End Use Outlook (Revenue in Million USD; 2017–2027)
- Ambulatory Care Centre
- Specialty Clinics
The report offers a comprehensive overview of the global Diabetic Ketoacidosis market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
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Regional Outlook (Revenue in Million USD; 2017–2027)
- North America
- Rest of the Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Key Questions Addressed in the Report:
- Who are the leading players of the Diabetic Ketoacidosis industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of the Diabetic Ketoacidosis market?
- Which segment is expected to garner traction during the coming years?
- Report Overview
1.1 Research Scope
1.2 Key Diabetic Ketoacidosis market segments
1.3 Target players
1.4 Market analysis by type
1.5 Market analysis by application
1.6 Key learning objectives
1.7 Report timeline
- Global Growth Trends
2.1 Global Diabetic Ketoacidosis market size
2.2 Latest trends of the Diabetic Ketoacidosis market by region
2.3 Key corporate trends
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