Vietnam Type 1 Diabetes Mellitus Drugs Market Analysis

Vietnam Type 1 Diabetes Mellitus Drugs Market Analysis


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Vietnam Type 1 Diabetes Mellitus Drugs Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Type 1 Diabetes Mellitus Drugs market is growing globally due to the rising prevalence of type 1 diabetes mellitus, advancements in insulin therapies, technological advancements in insulin delivery systems, increasing focus on personalized medicine, rising healthcare expenditure, favorable reimbursement policies, increasing patient awareness and education, research and development initiatives and collaborations between pharmaceutical companies and academic institutions. Novo Nordisk, Eli Lilly and Company, Sanofi, Medtronic, Abbott Laboratories, Dexcom, Zealand Pharma, Xeris Pharmaceuticals, Insulet Corporation, and Tandem Diabetes Care are the key global market players in type 1 diabetes mellitus drugs market.

ID: IN10VNPH412 CATEGORY: Pharmaceuticals GEOGRAPHY: Vietnam AUTHOR: Vidhi Upadhyay

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Vietnam Type 1 Diabetes Mellitus Drugs Market Analysis Summary

Vietnam Type 1 Diabetes Mellitus Drugs Market is valued at around $38 Mn in 2022 and is projected to reach $66.2 Mn by 2030, exhibiting a CAGR of 7.19% during the forecast period 2023-2030.

Type 1 diabetes is a form of disease where the pancreas is rapidly destroyed due to an autoimmune reaction against its insulin-producing beta cells. Despite its idiopathic nature, type 1 diabetes mellitus is strongly associated with genes like HLA-DR4 and HLA-DR3. Increased thrust, significant weight loss, stomach trouble, increased urine frequency, exhaustion, delayed recovery, etc. are some symptoms of type 1 diabetes. Insulin therapy is a crucial treatment for type 1 diabetes. The condition should be properly understood by both the child's parents. Maintaining an insulin level that is as close to normal as possible is the main objective in type 1 diabetes. The patient's recommended course of treatment entails keeping their blood sugar levels within a safe range by diet, exercise, and insulin therapy. The type 1 diabetes patient experiences loss of consciousness if untreated. Uncontrolled diet and insulin use can result in hyperglycemia, elevated ketone levels in the urine, hypoglycemia, and other conditions. Novo Nordisk, Eli Lilly and Company, Sanofi, Medtronic, Abbott Laboratories, Dexcom, Zealand Pharma, Xeris Pharmaceuticals, Insulet Corporation, and Tandem Diabetes Care are the key global market players in type 1 diabetes mellitus drugs market.

Market Dynamics

Market Growth Drivers

Rising prevalence of type 1 diabetes mellitus, advancements in insulin therapies, technological advancements in insulin delivery systems, increasing focus on personalized medicine, rising healthcare expenditure, favorable reimbursement policies, increasing patient awareness and education, research and development initiatives, and collaborations between pharmaceutical companies and academic institutions act as market growth drivers.

Market Restraints

The high cost of insulin, limited awareness, and diagnosis, competition from generic insulins, technological barriers, autoimmune complexity, adherence and compliance issues, side effects, and safety concerns act as market growth restraints.     

Competitive Landscape

Key Players

  • Novo Nordisk
  • Eli Lilly and Company
  • Sanofi, Medtronic
  • Abbott Laboratories
  • Dexcom
  • Zealand Pharma
  • Xeris Pharmaceuticals
  • Insulet Corporation
  • Tandem Diabetes Care

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For Vietnam Type 1 Diabetes Mellitus Drugs Market

By Product Type

  • Insulin
  • Rapid-acting
  • Short-acting
  • Intermediate-acting
  • long-acting
  • Insulin analogs
  • Glucagon
  • Oral antidiabetic drugs
  • Other adjunctive therapies.

By Route of Administration

  • Subcutaneous injections
  • Insulin pumps
  • Inhalation devices
  • Oral medications.

By Distribution Channel

  • Hospital pharmacies
  • Retail pharmacies
  • Online pharmacies

By End-User

  • Adult patients
  • Pediatric patients
  • Geriatric patients

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 27 February 2024
Updated by: Bhanu Pratap Singh

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