Type 1 diabetes market to reach $9.9 billion in 7MM by 2033
The type 1 diabetes (T1D) market across the seven major markets (7MM: USA, France, Germany, Italy, Spain, the UK, and Japan) is set to grow at a compound annual growth rate (CAGR) of 13.3% from $2.2 billion in 2023 to $9.9 billion in 2033.
The sector will be driven by the anticipated introduction of several late-stage pipeline products, including multiple immunomodulatory agents, during the forecast period, according to pharma analytics company GlobalData.
GlobalData’s latest report, “Type 1 Diabetes: Seven-Market Drug Forecast and Market Analysis”, reveals that the USA is the largest T1D market in the 7MM, accounting for 80.4% of global sales in 2023 ($2.2 billion), and is expected to gain further market share during the forecast period, accounting for 91.6% of 7MM T1D sales by 2033 ($9.0 billion).
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