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Diabetes Therapies and Diagnostics: Markets, Technologies, Players

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REPORT HIGHLIGHTS

  • The total market for diabetes drugs and devices is estimated at $18 billion in 2002. Growing at an average annual rate (AAGR) of 11.5%, the market is expected to exceed $30.7 billion in 2007.
  • Drug sales in 2002 are expected to be $12.5 billion, increasing to almost $21 billion by 2007 at an AAGR of 10.3%.
  • Insulin was 33% of the market in 2000 and is expected to hold on to that share.
  • Sulfanylureas and biguanides are expected to lose considerable market share to generics, newer classes of drugs, and to the extremely popular thiazolidinediones.
  • The two major diabetes medical devices are glucose monitors and insulin pumps. Glucose monitors are expected to rise at an AAGR of 13.7% to $8 billion by 2007. Insulin pumps are expected to grow to $1.8 billion by 2007 at an AAGR of 18.7%.

SUMMARY FIGURE
WORLDWIDE SALES FORECASTS: TOTAL DIABETES MARKET, 2000-2007
($ Millions)
Source: BCC, Inc.