Stratistics MRC’s Global Diabetes Drugs Market value is expected to reach $173.6 billion growing at a CAGR of 9.1% during 2024-2030.

Diabetes drugs are medications designed to manage blood sugar levels in individuals with diabetes mellitus. These drugs work through various mechanisms, such as enhancing insulin secretion, improving insulin sensitivity, reducing glucose absorption, or increasing glucose excretion via urine. They are categorized into different classes, including insulin, GLP-1 receptor agonists, SGLT2 inhibitors, and oral hypoglycemic agents, tailored to the specific needs of Type 1 or Type 2 diabetes patients. By regulating glucose levels, these medications help prevent complications associated with diabetes, such as cardiovascular issues and nerve damage. Continuous advancements in drug formulations aim to improve efficacy and patient outcomes.
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Over the forecast period, the North America region is anticipated to exhibit the highest CAGR driven by significant advancements in diabetes treatment technologies and research. The presence of leading pharmaceutical companies and robust healthcare infrastructure supports innovation in drug development. Rising prevalence of diabetes due to lifestyle changes enhances demand for effective and accessible medications. Additionally favourable reimbursement policies and increased adoption of biosimilar insulins contribute to market growth.

Some of the key players in Diabetes Drugs Market include Abbott, Adocia, Amgen, AstraZeneca, Bayer AG, Biocon, Boehringer Ingelheim, Bristol Myers Squibb, Dr. Reddy’s Laboratories, Eli Lilly, Johnson & Johnson, Merck & Co., Mylan, Novartis, Novo Nordisk, Peptron, Pfizer, Sanofi, Sun Pharmaceuticals and Takeda Pharmaceuticals.
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Key Developments:
In April 2025, Novo Nordisk announced a $1.09 billion investment to expand its manufacturing facility in Minas Gerais, Brazil. This expansion aims to significantly increase the production capacity of injectable medications for obesity, diabetes, and other chronic diseases, with operations expected to commence by 2028.

In March 2025, Biocon entered into an exclusive licensing and supply agreement with Brazil-based Biomm SA for the commercialization of Semaglutide, a drug used to improve glycemic control in adults with type-2 diabetes.

In February 2025, Dr. Reddy's Laboratories received approval from the Central Drug Standard Control Organisation (CDSCO) to conduct a Phase III clinical trial evaluating the efficacy, safety, and tolerability of its oral Semaglutide tablets compared to RYBELSUS (Semaglutide) tablets in adult patients with inadequately controlled type-2 diabetes mellitus.

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