Sweden Diabetes Market Analysis

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  • Type: Common Disease Area
  • Published : June 2021
  • Region: Europe
  • Country: Sweden
  • Report ID : 4806

  • Format: PPT, PDF

Sweden Diabetes drugs market – Segmented by Type (Type I, Type II and Gestational Diabetes), Drug Class (Oral Anti Diabetic drugs, Insulin, Non-Insulin injectable drugs and Combination drugs) and Distribution channels (Hospitals, pharmacies and others) – Growth, Trends, and Forecasts (2020-2028)

 Published Date: May, 2021

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SKU: 4806 Categories: ,

Report Overview

The European Diabetes drugs market size stood at USD 12.89 billion in 2020 and is expected to rise to USD 20.06 billion by the end of 2028 exhibiting a CAGR of approximately 5.68% during the forecast period.

Diabetes severely compromises the quality of life in people by harbouring numerous complications that hamper daily activities. The healthcare system of Sweden is putting up a massive fight against one of the most significant emergencies in terms of global health. The direct and indirect costs of Diabetes in Sweden are high. The societal cost has been estimated to be SEK 18 billion in 2020 and is expected to reach SEK 21 billion in 2030. The reason is the direct association with the cost required for medical management and the indirect association with the monetary loss due to loss of productivity, early and premature mortality and decline of the country’s Gross Domestic Product.

Market Drivers

Diabetes disease market is driven by the increasing prevalence of Diabetes in the country. The trend of rising geriatric population with Diabetes in Sweden adds to the problem, which demands for viable treatment options.

Diabetes disease market is driven by increased investment in the area of research and development in order to make use of newer technology to provide simple alternatives to otherwise complex treatment protocols. This warrants lifestyle compatible treatment options.

The market is also driven by increasing Government funding for managing the disease. Sweden tends to have increased awareness about the disease which often promotes people to take timely care.

1. Sweden Diabetes Drugs Market Overview…………………………………………..
A. Market Size
2. Market Growth Drivers………………………………………………………………….
A. Rise in Prevalence of Diabetes
B. Rise in Geriatric population with Diabetes
C. Growing R&D Investments for developing new drugs
D. Increased Government funding for management
E. Increasing awareness
3. Major types of Diabetes…………………………………………………………………………….
A. Type I Diabetes
B. Type II Diabetes
C. Gestational Diabetes
D. Diabetes due to other causes
4. Diabetes Market Segmentation…………………………………………………………..
A. Type of Diabetes
I. Type I Diabetes
II. Type II Diabetes
III. Gestational Diabetes
B. Drug Class
I. Oral Anti-Diabetic drugs
II. Insulin
III. Non-Insulin Injectable drugs
IV. Combination drugs
C. Distribution Channel
I. Hospitals
II. Pharmacies
III. Others
5. Diabetes Major Drugs Market Share………………………………………………….
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
8. Healthcare Policies and Regulatory Landscape………………………………….
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of Diabetes drug market
B. Future Opportunities
10. Conclusion……………………………………………………………………………………………….

Market Segmentation

By Drug Class:

Diabetes drugs are categorised into Oral Diabetic medications, Insulin derivatives, Non-Insulin injectables and a combination of these categories. Out of these types, Oral Diabetic medication segment occupies the most significant share in the market.

By Diabetes type:

Based on the type of Diabetes, the market segment is categorised into four- Type I, Type II, Gestational Diabetes and Diabetes that develop as a result of other causes and precipitating illnesses.

By Distribution Channel:

On the basis of distribution channel, the market for Diabetic drugs can be segmented into hospital pharmacies, retail pharmacies, online pharmacies, and others. Out of these segments, the hospital segment is expected to hold more value owing to the well-organized Public healthcare system of the country. 

Top 5 Major Players

Diabetes drugs market appears to be highly consolidated with just a few significant manufacturers with a global presence. The competitive environment is quite intense with major players like Eli Lilly and Novo Nordisk. Factors such as rise in prevalence of Diabetes owing to rise in ageing population and decreased mortality due to good healthcare system will provide considerable growth opportunities to the manufactures of Diabetic drugs. Eli Lilly, Astrazeneca, Novo Nordisk, Sanofi and Boehringer Ingelheim are some of the major players.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
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  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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