The global diabetes drug market is experiencing significant growth, driven by the escalating prevalence of diabetes, technological advancements in treatment options, and increased awareness of disease management. Valued at approximately $75.09 billion in 2025, the market is projected to reach around $132.36 billion by 2034, expanding at a compound annual growth rate (CAGR) of 6.5% .
Market Overview
Diabetes, a chronic condition characterized by high blood sugar levels, affects over 537 million adults worldwide, with projections indicating this number will rise to 783 million by 2045 . The increasing incidence of diabetes, particularly type 2, is attributed to factors such as sedentary lifestyles, unhealthy diets, and an aging population. This surge has spurred demand for effective diabetes management solutions, propelling the growth of the diabetes drug market.
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