At what pace is the tresiba market growing, and what is its estimated value?
The tresiba market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to increase in diabetes prevalence, growth in demand for long-acting insulin analogs, rise in awareness of diabetes management, rise in regulatory approvals, and improved patient adherence due to reduced injection frequency.
The tresiba market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to increasing prevalence of diabetes globally, rising adoption of long-acting insulin analogs, supportive government reimbursement policies, growing awareness of personalized diabetes treatment plans, expansion of healthcare infrastructure, and increasing research and development. Major trends in the forecast period include adoption of personalized dosing algorithms, advancements in insulin delivery devices, integration with continuous glucose monitoring (CGM) systems, development of biosimilar insulin options, and innovations in ultra-long-acting insulin formulations.
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What are the top drivers to the rising demand in the tresiba market?
The increase in the prevalence of diabetes is expected to propel the growth of the tresiba market going forward. Diabetes is a chronic medical condition when the body cannot properly regulate blood sugar (glucose) levels. The increasing prevalence of diabetes is attributed to factors such as sedentary lifestyles, unhealthy dietary habits, rising obesity rates, aging populations, and genetic predisposition. Tresiba is beneficial for addressing diabetes by providing patients with better glycemic control, reducing the risk of hypoglycemia, and offering flexible dosing options, which enhance treatment adherence and improve overall diabetes management outcomes. For instance, in June 2023, according to the Institute for Health Metrics and Evaluation, a US-based public health research institute, over half a billion people globally are living with diabetes in 2023. This number is expected to more than double, reaching 1.3 billion people by 2050. Therefore, the increase in the prevalence of diabetes is driving the growth of the tresiba market.
How is the tresiba market segmented?
The tresiba market covered in this report is segmented –
1) By Indication: Diabetes Type 1; Diabetes Type 2
2) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Specialty Pharmacies; Online Pharmacies
3) By End User: Adults; Geriatric Patients; Pediatric Patients
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Who are the top competitors in the tresiba market?
Major companies operating in the tresiba market are Novo Nordisk A/S
What significant trends should we anticipate in the tresiba market over the forecast period?
The key trend in the tresiba market is the development of unbranded biologics to provide more affordable alternatives to branded medications by expanding access to insulin therapy while maintaining patient efficacy and safety, particularly in cost-sensitive markets. Unbranded biologics refer to biological medicines identical to their branded counterparts in molecular composition, quality, safety, and efficacy but are marketed without a specific brand name. For instance, in September 2022, Novo Nordisk A/S, a Denmark-based pharmaceutical company, announced the launch of its Food and Drug Administration (FDA)-approved unbranded biologic version of Tresiba (insulin degludec), a long-acting basal insulin designed to manage high blood sugar in patients aged one and older with diabetes. It is set to be available for prescription, the unbranded version aims to enhance affordability, particularly for uninsured and underinsured patients, as part of efforts to provide more accessible insulin options.
Which regional trends are influencing the tresiba market, and which area dominates the industry?
North America was the largest region in the tresiba market in 2024. The regions covered in the tresiba market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Tresiba Market Report 2025 Offer?
The tresiba market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Tresiba (insulin degludec) is a long-acting insulin used to manage diabetes mellitus in adults and children. It helps to control blood sugar levels in individuals with type 1 or type 2 diabetes by providing a steady release of insulin over a prolonged period.
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