Consumer Products and Retail

  The Indian diabetes market size reached US$ 4.2 Billion in 2023 and expects the market to reach US$ 14.0 Billion by 2032, exhibiting a growth rate (CAGR) of 13.8% during 2024-2032. Growth Factor  This exponential growth is driven by several factors: Rising Prevalence of Diabetes: India is known as the "diabetes capital of the world," with an estimated 77 million adults living with diabetes in 2019 . This alarming number is projected to rise further due to factors like urbanization, unhealthy lifestyles, and aging population. Growing Awareness and Diagnosis: Increased awareness of diabetes and improved access to diagnostic tools are leading to earlier detection and management of the disease. Government Initiatives: Government initiatives promoting diabetes prevention and control programs are contributing to market growth. Increasing Healthcare Expenditure: Rising disposable incomes and growing health insurance penetration are leading to increased spending on diabetes...

D iabetes has become a global health concern, affecting millions of people worldwide.  The diabetes market , encompassing various products and services used to manage the condition, plays a crucial role in supporting patients and driving advancements in diabetes care. This blog delves into the diabetes market in 2024, exploring its size, segmentation, key trends, and future outlook. A Growing Challenge: The Expanding Diabetes Industry The diabetes industry is experiencing significant growth, driven by several factors: Rising Prevalence of Diabetes: The global prevalence of diabetes is on the rise, fueled by factors like obesity, physical inactivity, and aging populations. Increased Healthcare Costs: Diabetes management involves ongoing medical care, medication, and potential complications. This translates to significant healthcare costs, driving demand for innovative and cost-effective solutions. Technological Advancements: The development of new technologies like continuous g...