Market Size of Japan Diabetes Drugs Industry
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 3.15 Billion |
| Market Size (2029) | USD 4.03 Billion |
| CAGR (2024 - 2029) | 4.98 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Diabetes Drugs Market Analysis
The Japan Diabetes Drugs Market size is estimated at USD 3.15 billion in 2024, and is expected to reach USD 4.03 billion by 2029, growing at a CAGR of 4.98% during the forecast period (2024-2029).
While Type 1 diabetes is caused by an immune system malfunction, Type 2 diabetes is linked to leading a sedentary lifestyle, which results in the development of inherent resistance to insulin. Hence, Type 1 diabetes can be characterized as insulin-requiring, while Type 2 diabetes can be characterized as insulin-dependent diabetes.
Japan has one of the largest elderly populations in the world which is more susceptible to the onset of type 2 diabetes. As Japan's population continues to age, the prevalence of diabetes increases as well. The monitoring and management of blood glucose levels are on the rise, to avoid negative consequences, such as cardiovascular diseases, kidney disorders, and many other conditions.
The prevalence of diabetes is increasing among the population, especially the elderly population, owing to unhealthy diets, obese population, and sedentary lifestyles. Various studies were conducted to assess the prescription patterns of oral antidiabetic drugs in Japanese patients with type 2 diabetes.
Therefore, owing to the aforementioned factors the studied market is anticipated to witness growth over the analysis period.
