BRIC Diabetes Global Drugs Market

Driven by improvements in living standards, the rising incidence of diabetes in BRIC is expected to amount to a staggering 150 million patients by 2030, or about 40% of the world’s diabetic population.

The prevalence of diabetes is on the rise across the globe due to increased life expectancy, changing lifestyles, and the rising incidence of obesity. Brazil’s diabetes drugs market is showing a double digit growth rate; while the Russian insulin market is also expected to witness significant growth with an estimated 20 million patients in the region requiring diabetes treatment by
2025.

India and China have the highest number of diabetics in the world – China alone is expected to have more than 71 million diabetic patients by 2025; and the similarly huge patient-base in India has already attracted a number of pharmaceutical companies such as Eli Lilly and Novo Nordisk.

These companies are offering easy-to-use insulin versions to grab the market share in the Indian market for diabetes drugs. Thus, diabetes drugs market in BRIC economies is expected to have significant growth opportunities in the years to come.

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The slowdown of the pharma market growth in developed economies has concentrated investor interest on BRIC nations, where the diabetes drug market has benefitted significantly from government initiatives for spreading patient awareness, and the subsequent increase in the uptake of novel drugs such as incretin mimetics (Eli Lilly’s Byetta) and dipeptidyl inhibitors (Merck’s Januvia and Novartis’ Galvus).

The BRIC diabetes drugs market is expected to grow from $3.9 billion in 2009 to reach $8.7 billion by 2014, growing at a CAGR of 17.1% from 2009 to 2014. Oral drugs accounted for around 65% of the market in 2009, but injectables are expected to have a higher CAGR of 21.9%.

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