Market Trends of United Kingdom (UK) Diabetes Drugs Industry
The oral anti-diabetic drugs segment holds the highest market share in the United Kingdom Diabetes Drugs Market in the current year
The oral anti-diabetic drugs segment holds the highest market share of about 64.5% in the United Kingdom Diabetes Drugs Market in the current year.
Oral Anti-Diabetic Drugs are available internationally and are recommended for use when escalation of treatment for type 2 diabetes is required along with lifestyle management. Oral agents are typically the first medications used in treating type 2 diabetes due to their wide range of efficacy, safety, and mechanisms of action.
Any medicinal product commercially available in the United Kingdom is eligible for reimbursement. It means the NHS refunds the costs of the medicine to the dispensing pharmacist or doctor, apart from a few exceptions. Various steps are being taken in the direction of controlling diabetes. An electronic version of a personalized Diabetes United Kingdom Management Plan is available for completion on EMIS Web. The plan can record the objectives and steps agreed upon with the patient and generate an information prescription.
The information prescription can be printed and given to the patient, and an electronic version can be saved in the patient's care record. The Diabetes United Kingdom Management Plan protocols need to be activated and generate a pop-up alert for patients if they are pregnant, suffer from kidney disease, or a raised BP/HbA1c/Cholesterol value, and include no record of a diabetes management plan in the last 6 months. It is also applicable if there is no eGFR or ACR test record in the last 13 months and no record of a Patient Health Questionnaire recorded in the last 3 months.
Owing to the above factors, the market will likely continue to grow.
Glucagon-like Peptide-1 Receptor Agonist Segment is Expected to Dominate the United Kingdom Diabetes Drugs Market in terms of revenue over the forecast period
Glucagon-like Peptide-1 Receptor Agonist Segment is expected to dominate the United Kingdom Diabetes Drugs Market in revenue and register a CAGR of more than 2.5% over the forecast period.
Glucagon-like peptide-1 receptor agonists (GLP-1RAs) are a class of medications used for treating type 2 diabetes, and some drugs are also approved for obesity. One of the benefits of this class of drugs over older insulin secretagogues, such as sulfonylureas or meglitinides, is that they include a lower risk of causing hypoglycemia. Besides being important glucose-lowering agents, GLP-1RAs contain significant anti-inflammatory and pulmonary protective effects and benefit gut microbes' composition.
The Association of British HealthTech Industries (ABHI) is a trade association for the medical technology sector in the United Kingdom. The National Service Framework (NSF) program is improving services by setting national standards to drive service quality and tackle variations in care. The Association of British HealthTech Industries launched a diabetes section, enabling diabetes technology companies to work together in the first forum of its kind. The ABHI group is for any health technology company interested in diabetes care.
The disease's growing incidence, prevalence, and progressive nature encouraged the development of new drugs to provide additional treatment options for diabetic patients. The roll-out of many new products, increasing international research collaborations in technology advancement, and increasing awareness about diabetes among the people are some market opportunities for the players in the United Kingdom diabetes drugs market.
