Diabetic Ketoacidosis Market Status and Trend Report 2020 – 2027
Research Reports
Jan 20, 2021
Market Size – USD 2132.5 Million in 2019, Market Growth – CAGR of 7.4%, Market Trends– growing prevalence of chronic asthma, potential investment opportunities and technological advancements is expected to fuel the market in the forecast period
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.
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.
Asia Pacific exhibits tremendous growth potential for growth in adoption of treatments associated with diabetic ketoacidosis owing to increasing prevalence of diabetes and due to favorable government funding for infrastructure development.
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For diabetic ketoacidosis diagnosis, Beta-Hydroxybutyrate (BHB) assay remains a popular method to determine both the presence and degree of ketosis. Several market leaders are focused in expansion of BHB assay. For instance, Ortho Clinical Diagnostics and EKF Diagnostics announced to enter in an agreement to allow the Ortho Clinical Diagnostics clients to access Beta-Hydroxybutyrate (BHB) assay
While hospitals segment dominates the end user segment of the market, it is anticipated that ambulatory care centers will register highest growth rate due to customised services provided to patients and growing awareness of such treatment centers in developed as well as developing nations.
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.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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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
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)
Hospitals
Ambulatory Care Centre
Specialty Clinics
Helping you establish a strong foothold in the industry
The Diabetic Ketoacidosis report highlights set of information related to pricing and the category of customers who are more than willing to pay for certain products and services. The information on opportunities as well as product features, determine which offerings or benefits command sale and identify the communications channels used by the market leaders to create premium positioning strategies as well as attract broadest share.
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The research provides answers to the following key questions:
What is the estimated size of the Diabetic Ketoacidosis market for the forecast period, 2020 – 2027? What will be the growth rate of the industry during the estimated period?
What are the prominent driving forces likely to impact the progress of the industry across different regions?
Who are the major market players occupying a strong foothold in the Diabetic Ketoacidosis market? What are the winning strategies adopted by them to stay ahead in the competition?
What are the potential opportunities for the Diabetic Ketoacidosis market for the forecast period, 2020 – 2027?
What are the key trends expected to shape the development of the industry over the coming years?
What are the key restraints and challenges likely to hinder the growth of the Diabetic Ketoacidosis market worldwide?
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