Private Equity
Andrea Alms Video: Money In Motion 110 - Clinical Trial Market
June 2024 - Private Equity
TRANSCRIPT
Hello, my name is Andrea Alms. I'm a technology investor and financial manager. And this is your money emotion. What is it? Your body needs insulin to transform glucose into energy. Type one diabetes is when pancreas does not produce insulin. Type two diabetes is when the pancreas does not produce enough insulin or the insulin cannot be processed. Gestational diabetes is when insulin is less effective during pregnancy.
On this episode, we look at the diabete drug market. According to market U.S., in 2023, the global diabetes drug market was 69.1 billion USD and forecast to grow to 153.4 billion by 2033, at a compound average growth rate of 8.6%, according to prestigious research. The drug diabetes market was 61.87 billion in 2022, and forecast to be 118 billion by 2032 at a growth rate of 6.67%.
At Polaris market research, the market was 61.75 billion in 2023 and forecast to be 103.52 billion by 2032, at a growth rate of 5.9%. Averaging the averages, the market size is 64.2 billion at a 7.1% growth rate. Thank you. This is your money. Your money in motion.