Market Trends of Malaysia Diabetes Care Drugs Industry
Oral-Anti Diabetes Drugs is having the highest market share in the Current Year
The Oral-Anti Diabetes Drugs segment is expected to increase with a CAGR of over 3.7% during the forecast period, mainly due to the demand from the diabetes population, which was more than 4.2 million by the end of 2022.
Malaysia has the highest diabetes rate in the Western Pacific and one of the highest in the world, with an annual cost of roughly 600 million US dollars. Various variables contribute to the trend, including population increase, aging, urbanization, and rising obesity and physical inactivity rates. The growing prevalence of diabetes and its effects in Malaysia prompted this study to comprehensively identify, describe, and quantify Malaysia's pooled prevalence of diabetes and prediabetes.
Insulin therapy is the most potent hypoglycaemic medication currently available for diabetes treatment; however, the potency of insulin deteriorates if it is stored under improper conditions. In Malaysia, NCDs, including diabetes, account for more than 70% of all deaths. Obesity leads to a more than seven times increase in the risk of developing type 2 diabetes, while being overweight increases the risk by three times.
The Malaysia government's encouragement increased the usage of Management Devices over the forecast period.
Increasing Diabetes population in Malaysia
Diabetes and prediabetes are on the rise in Malaysia, hence the Malaysian government is implementing diabetes prevention and management programs throughout the country. To minimize the prevalence of diabetes in the country, the Malaysian government should develop a comprehensive approach and plan to enhance diabetes knowledge, control, prevention, and treatment. Being overweight and obese are major contributors to Malaysia's younger diabetic population. According to a recent NHMS, one in every two adults in Malaysia is overweight or obese.
Diabetes patients have excessive levels of glucose or sugar in their blood. It is a condition caused by the body's inability to produce enough insulin to manage blood sugar levels. It can also be caused by the body's inefficient utilization of insulin, which is known as insulin resistance. Obesity, bad eating habits, sedentary lifestyles, and heredity are all factors that contribute to this process. According to current figures from the ministry's National Diabetes Registry (NDR), 84% of diabetic patients in Malaysia are overweight, with young Malaysians aged 18 to 40 being among them. The ministry is now investigating the Sama-Sama program, which aims to empower family members and caregivers to offer support for persons living with diabetes to enhance disease control and outcomes. The ministry is collaborating with the commercial sector on the program to train healthcare personnel and, subsequently, carers.
Thus, owing to the above factors it is expected to drive the market growth over the forecast period.
