ACCESS Newswire
28 May 2020, 19:19 GMT+10
Speedy approval of new diabetic neuropathy drugs by regulatory bodies such as Food and Drug Administration (FDA) will augur well for market growth.
ROCKVILLE, MD / ACCESSWIRE / May 28 2020 / Accelerating R&D activities by top pharmaceutical companies in creating anti-diabetic formulations aimed at treating 1/10th of global population will bode well for market. According to Fact.MR's analysts, the global diabetic neuropathy market will exhibit brisk growth at approximately 5.6% CAGR over the duration of projection period (2020-2025). Moreover, the supplies of insulin and novel drugs have not been severely affected by the COVID-19 pandemic. Leaders in diabetic neuropathy market are exploring the whitespaces such as underdiagnoses of neuropathic patients.
'Prominent companies must divert funding towards drug development through escalated R&D undertakings,' finds Fact.MR
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Key Takeaways of Diabetic Neuropathy Market Study
Diabetic Neuropathy Market - Key Drivers
Diabetic Neuropathy Market - Key Impediments
Explore 90 tables and 67 figures of the study. Request ToC of the report at-
https://www.factmr.com/report/4698/diabetic-neuropathy-market
Anticipated Impact of COVID-19 on Diabetic Neuropathy Market
One of the most vulnerable population groups during the ongoing COVID-19 pandemic are diabetic patients. According to World Health Organization (WHO), the average mortality rate from COVID-19 is the highest among diabetic patients, followed by hypertension patients. Hence, the significance of diabetic neuropathy has multiplied in the past three months. Diabetic patients have higher chances of inflammation and internal swelling due to COVID-19. Further, top producers of diabetic neuropathy market have reported minimal effects of the pandemic on their distribution and manufacturing capabilities. There will be no shortage of diabetic neuropathy drugs according to industry experts. Hence, the overall prospects of diabetic neuropathy market are positive both in terms of sales and supply chain management.
Competition Landscape of Diabetic Neuropathy Market
The global diabetic neuropathy market is characterized by a highly consolidated competitive landscape. Some of the prominent companies in the global diabetic neuropathy market that are profiled in this Fact.MR report include, but are not limited to, Depomed, Inc., Arbor Pharmaceuticals, LLC, Glenmark Pharmaceuticals Ltd., Pfizer, Inc., Astellas Pharma Inc., Lupin Limited, Eli Lilly and Company, NeuroMetrix, Inc., Boehringer Ingelheim GmbH, Johnson & Johnson (Janssen Global Services, LLC), Merck KGaA, and GlaxoSmithKline Plc. Key stakeholders in diabetic neuropathy market are concentrating their efforts on new drug development. For instance, Janssen Global Services, LLC produces several diabetic neuropathy drugs including INVOKANA, Duragesic, and NUCYNTA ER.
About the Report
This 170-page study offers in-depth commentary on the diabetic neuropathy market. The study provides compelling insights on the diabetic neuropathy market on the basis of disorder type (autonomic neuropathy, proximal neuropathy, peripheral neuropathy, and focal neuropathy), treatment type (physiotherapy, radiotherapy, and drugs), and distribution channel (online pharmacy, retail pharmacy, clinics, and hospitals) across five key regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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About Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at Fact.MR helps clients from across the globe with their unique business intelligence requirements. With a repository of over thousand reports and 1 million+ data points, the team has scrutinized the Healthcare sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Fact.MR's latest market reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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