China Diabetes Market to Reach US$ 9.3 Billion by 2032, Stimulated by Numerous Healthcare Reforms

November 15, 2018 | Healthcare

According to the latest report by IMARC Group, titled “China Diabetes Market Report: 2024-2032,” the China diabetes market size reached US$ 4.7 Billion in 2023. Diabetes is a chronic disease that negatively impacts the body’s ability to produce adequate insulin, break down the sugar present in food, or use insulin efficiently. It can cause premature death and lead to severe complications, such as stroke, amputation, and kidney and heart diseases. It is mainly categorized into three types, which include type 1, type 2 and gestational diabetes. China presently has one of the largest diabetic populations around the world. With around 11% of the global adult diabetic population (according to the International Diabetes Federation), the prevalence of diabetes has grown more than nine-fold within a generation. This can be accredited to significant economic growth, unhealthy eating patterns, hectic lifestyle and lack of physical activity, which is increasing the overweight and obese population in the country.

China Diabetes Market Trends:

Chinese people are genetically more vulnerable to diabetes as compared to Europeans. Apart from this, unawareness about health issues, significant consumption of white rice and poor healthcare infrastructure represent some of the other prominent factors driving the incidences of diabetes. Consequently, the Government of China is introducing numerous healthcare reforms, which is bolstering the market growth. For instance, it is encouraging foreign investments and allowing multinational companies (MNCs) to offer their services in the country. This has enabled patients to diagnose diabetes at the nascent stage and manage it properly. Also, prominent drug manufacturers in China are focusing on increasing their budget for research and development (R&D) activities to create innovative drugs. This trend, in confluence with the highly developed pharmaceutical industry, is contributing to the market growth in the country. Looking forward, the market value is projected to reach US$ 9.3 Billion by 2032, expanding at a CAGR of 7.7% during the forecast period (2024-2032).

Market Summary:

  • Based on the segment, the market has been bifurcated into insulin and oral antidiabetics. At present, oral antidiabetics accounts for the majority of the total market share, owing to the rising number of production facilities established in China. They produce and supply insulin pumps, along with other insulin delivery systems across the country.
  • The competitive landscape of the market has been examined, along with the detailed profiles of the major players operating in the industry.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
China Diabetes Market to Reach US$ 9.3 Billion by 2032, Stimulated by Numerous Healthcare Reforms
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More