Type 2 Diabetes Market Size, Share, Growth Analysis, By Drug Class(Dipeptidyl Peptidase-4 Inhibitors, Glucagon-like Peptide 1 Receptor Agonists, Biguanides, Sodium-Glucose Cotransporter 2 (SGLT2) Inhibitors), By Route of Administration(Oral, Parenteral), By Distribution Channel(Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By End User(Homecare Settings, Hospitals & Clinics, Academic & Research Institutes, Others), By Region - Industry Forecast 2025-2032

In 2022, North America was the market leader for type 2 diabetes, accounting for 35% of the revenue share. The expansion of this market is driven by the rapid rise in the prevalence of diabetes in this region. More than 29 million people in North America are thought to have diabetes at the moment, and by 2025, that figure is predicted to increase to 32 million, which will increase demand for diabetes care goods and services. Diabetes is one of the key market drivers, as more than 25 million people suffer from the disease in the US alone in 2019. North America is dominant due to its high prevalence, increasing awareness, availability of advanced therapies, and a strong healthcare system. Availability of newer pharmaceutical treatments and the increasing use of digital health solutions also add to the region's market growth. 

The type 2 diabetes market is expected to develop at the fastest rate in Europe throughout the forecast period. This rise is caused mainly by the rising incidence of type 2 diabetes patients throughout the continent. The UK dominates the European market, with a large percentage of its population suffering from diabetes. With the growth of the number of diabetics and diabetes incidence, it is urgent that there arise efficient therapies along with management policies. European health care systems have started becoming increasingly interested in preventive interventions and improved education about the illness for the patient and its availability for dealing with the illness. Consequently, the future for type 2 diabetes market will increase with its growth mainly through the increased governmental concerns and better attention towards healthy lifestyles, growing awareness within healthcare services.