Global Diabetic Neuropathy Market

Diabetic Neuropathy Market Size, Share, Growth Analysis, By Disorder(Peripheral Neuropathy, Autonomic Neuropathy, Proximal Neuropathy, Focal Neuropathy), By Distribution channel(Hospitals, Clinics, Retail Pharmacy, Online Pharmacy), By Drug Class(Anti-Depressants, Anti-Seizures, Opioid, Non-Steroidal Anti-Inflammatory), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35I2245 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 94 | Figures: 76

Diabetic Neuropathy Market Competitive Landscape

Due to the rise in R&D projects, Johnson & Johnson and GlaxoSmithKline plc are the major players outperforming the diabetic neuropathy market. Major market companies are being influenced by this to diversify their product offerings globally. As a result, the important companies' varied product portfolios tend to increase the company's value. For instance, The most significant player in the market is thought to be Pfizer Inc. due to its emphasis on creating goods like Motrin and Lyrica that are expected to fuel growth.

Diabetic Neuropathy Market Top Players Company Profiles

  • Johnson & Johnson 
  • Pfizer Inc
  • Eli Lilly and Company
  • Boehringer Ingelheim International GmbH
  • GlaxoSmithKline plc
  • Astellas Pharma Inc.
  • Novartis AG
  • Sanofi S.A.
  • Teva Pharmaceutical Industries Ltd.
  • Merck & Co., Inc.
  • AbbVie Inc.
  • Glenmark Pharmaceuticals Limited
  • Lupin Pharmaceuticals, Inc.
  • Intas Pharmaceuticals Ltd.
  • Alkem Laboratories Ltd.
  • Cipla Limited
  • Mylan N.V.
  • Zydus Cadila Healthcare Limited
  • Sun Pharmaceutical Industries Ltd.
  • Dr. Reddy's Laboratories Ltd.

Diabetic Neuropathy Market Recent Development

  • In January 2022, FDA approved Spinal cord stimulation therapy, according to Medtronic, for the treatment of persistent pain brought on by diabetic peripheral neuropathy.
  • In December 2021, in order to develop "Ask your Doctor," the pharma business P&G Health, with its headquarters in India, collaborated with the English-language local newspaper Hindustan Times. The purpose of this online event is to inform the public about diabetic neuropathy and how to treat it.
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Diabetic Neuropathy Market size was valued at USD 3626.38 million in 2019 and is poised to grow from USD 3876.6 million in 2023 to USD 7067.25 million by 2031, growing at a CAGR of 6.9% in the forecast period (2024-2031).

Due to the rise in R&D projects, Johnson & Johnson and GlaxoSmithKline plc are the major players outperforming the diabetic neuropathy market. Major market companies are being influenced by this to diversify their product offerings globally. As a result, the important companies' varied product portfolios tend to increase the company's value. For instance, The most significant player in the market is thought to be Pfizer Inc. due to its emphasis on creating goods like Motrin and Lyrica that are expected to fuel growth. 'Johnson & Johnson ', 'Pfizer Inc ', 'Eli Lilly and Company', 'Boehringer Ingelheim International GmbH', 'GlaxoSmithKline plc', 'Astellas Pharma Inc.', 'Novartis AG', 'Sanofi S.A.', 'Teva Pharmaceutical Industries Ltd.', 'Merck & Co., Inc.', 'AbbVie Inc.', 'Glenmark Pharmaceuticals Limited', 'Lupin Pharmaceuticals, Inc.', 'Intas Pharmaceuticals Ltd.', 'Alkem Laboratories Ltd.', 'Cipla Limited', 'Mylan N.V.', 'Zydus Cadila Healthcare Limited', 'Sun Pharmaceutical Industries Ltd.', 'Dr. Reddy's Laboratories Ltd.'

Rise in prevalence of diabetes to cause a rise in the demand for diabetic neuropathy.

During the forecast year, high-tech goods will be developed for better diabetic neuropathy therapy. Companies are concentrating on creating transdermal patches, mouthwash, talc, as well as other products.  Manufacturers have introduced cutting-edge medication delivery systems, like syringe-free injection equipment, to combat problems related to surgical pharmaceuticals. As a result, NFIT has attracted significant interest in the treatment of the disease, which is helping the market expand. As a result, the market is expanding due to the rising demand for new drug delivery methods such as oral, transdermal, parenteral, and inhalation.

In 2021, the greatest market for diabetic neuropathy is in North America. In order to counteract the degradation of generic pharmaceuticals, pharma companies continue to give fresh medications in the area. Due to a big incidence of chronic diseases such as diabetes, and an increasing senior generation, diabetic neuropathy treatment has become extremely popular, particularly in the United States.

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Global Diabetic Neuropathy Market

Report ID: SQMIG35I2245

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