![Global Diabetic Neuropathy Market](https://res.cloudinary.com/devmoveo/image/upload/v1705586113/skyquest/report/phpHNs4AJ.jpg)
Report ID: SQMIG35I2245
Report ID:
SQMIG35I2245 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
94 |
Figures:
76
Diabetic Neuropathy Market Driver
Because of the rising prevalence of diabetes, global demand for diabetic neuropathy would grow at a slower rate during the projection period. Furthermore, obesity, coronary heart disease, diabetic neuropathy, and other sugar-related issues are thought to be some of the factors driving the market's expansion. The market's expansion is also influenced by rising urbanization, which promotes sedentary lifestyles such as carbohydrate consumption and low physical activity.
A surge in diabetes incidence is being caused by an increase in the elderly people and carbohydrate intake. The requirement for treatments for diabetic neuropathy is rising as the world's diabetes population grows. The expansion of the market is also being aided by the rising government expenditures to upgrade health services. The sector for diabetic neuropathy is anticipated to increase in the near future due to the quick advance in science and the rising investments made by the major industry participants.
Diabetic Neuropathy Market Restraint
The rising expense of medications for treating diabetic neuropathy, the expanding range of alternative medicines, and other considerations are among the barriers to market expansion. One factor limiting the market's potential is the accessibility of other therapies like radiotherapy and physio, which are seen to be more comfortable and may provide consumers with adequate clinical outcomes. The development of this market may also be hampered by the stringent guidelines, product recalls, delays in Food and Drug Administration clearances, and other similar problems.
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REQUEST FREE CUSTOMIZATIONDiabetic 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).
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Report ID: SQMIG35I2245