The global diabetic ketoacidosis treatment market is anticipated to reach US$ 3.5 billion in 2022 and develop at a CAGR of 5.7% between 2022 and 2032. It is expected to exceed US$ 6.8 billion by 2032. The increased prevalence of diabetes, particularly type 1 diabetes, is a major factor driving the demand for diabetic ketoacidosis treatment options.
Diabetic ketoacidosis is a potentially fatal complication of diabetes. It is a relatively prevalent problem in people with type 1 diabetes. It causes an acid accumulation in the patient’s blood.
Some of the early symptoms of this condition are headache, dry mouth, frequent urinating, weariness, decreased alertness, nausea, tummy discomfort, and muscle aches. It occurs when a person’s body does not have enough insulin.
When cells are unable to generate energy from sugar in the blood, they begin to use fuel and fats instead. When fats are burned, ketones are produced, which can alter the chemical equilibrium of the blood and upset the entire system.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Diabetic Ketoacidosis Treatment Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Diabetic Ketoacidosis Treatment market.
Key Diabetic Ketoacidosis Treatment Market Takeaways and Projections
- The US is estimated to continue dominating the North America market, projecting fastest growth in the region through 2032.
- Germany Diabetic Ketoacidosis Treatment market is forecast to register robust growth in Europe, accounting for a significant share in the region between 2022 to 2032.
- China is expected to account for the maximum revenue share in the East Asia market, exhibiting the fastest sales growth during the assessment period.
- India is forecast to emerge as a highly remunerative market in South Asia, contributing for the largest sales in the region over the coming 10-years.
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Report Benefits & Key Questions Answered
- Diabetic Ketoacidosis Treatment Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities, and challenges in the Diabetic Ketoacidosis Treatment market. It also studies the impact of these dynamics on the market for the previous assessment period 2017 to 2021 to forecast the scope of market growth over the coming forecast period 2022 to 2032.
- Diabetic Ketoacidosis Treatment Demand-Supply Assessment: The latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Diabetic Ketoacidosis Treatment market. As per the survey, Diabetic Ketoacidosis Treatment sales will project steady growth over the forecast period.
- Diabetic Ketoacidosis Treatment Market Structure Analysis: The report provides detailed information about market the concentration of key players and tier analysis in the Diabetic Ketoacidosis Treatment market. It also categories market players as per Tier 1, Tier 2, and Tier 3 in terms of their percentage share and product portfolio.
- Diabetic Ketoacidosis Treatment Market Trend Analysis: FMI’s market trend analysis provide compelling insights into current and upcoming trends in the healthcare industries. It also assists the industry players to identify potential trends to formulate a strategy to take advantage of these existing trends.
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Diabetic Ketoacidosis Treatment market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Diabetic Ketoacidosis Treatment market.
Some of the prominent market players are profiled by FMI are:
- Merck & Co., Inc.
- Novo Nordisk A/S
- Eli Lilly and Company
- Biocon Limited
- Wockhardt Ltd.
- Sanofi S.A.
- Bristol Myers Squibb
- Tonghua Dongbao Pharmaceutical Co., Ltd.
- GlaxoSmithKline plc
- Oramed Pharmaceuticals Inc.
- Pfizer Inc
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Key Segments Profiled in the Diabetic Ketoacidosis Treatment Industry Survey
By Treatment Type:
- Insulin Therapy
- Fluid Replacement
- Electrolyte Replacement
By Application:
- Pediatric
- Adults
By End User:
- Specialty Clinics
- Ambulatory Care Center
- Hospitals
Region
- North America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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