In 2018, the market size of Chinese diabetes medication sector was estimated to be about 51.8 billion yuan with oral hypoglycemic drugs as the major revenue generator. Its market share would gradually decline, whereas glucagon-like peptide 1 receptor agonists (GLP-1 RAs) were expected to raise its market presence significantly to 21 percent by 2030. In 2017, Beijing included Novo Nordisk's Liragultide - the bestselling GLP-1 RA medication in China - into the national insurance list for reimbursement, leading to a surge in sales revenue of the product in the country.
Market size of the diabetes medications in China in 2018 with estimates until 2030, by category
(in billion yuan)
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Sina.com.cn. (October 30, 2019). Market size of the diabetes medications in China in 2018 with estimates until 2030, by category (in billion yuan) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1123474/china-diabetes-medication-market-size-by-product-category/
Sina.com.cn. "Market size of the diabetes medications in China in 2018 with estimates until 2030, by category (in billion yuan)." Chart. October 30, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1123474/china-diabetes-medication-market-size-by-product-category/
Sina.com.cn. (2019). Market size of the diabetes medications in China in 2018 with estimates until 2030, by category (in billion yuan). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1123474/china-diabetes-medication-market-size-by-product-category/
Sina.com.cn. "Market Size of The Diabetes Medications in China in 2018 with Estimates until 2030, by Category (in Billion Yuan)." Statista, Statista Inc., 30 Oct 2019, https://www.statista.com/statistics/1123474/china-diabetes-medication-market-size-by-product-category/
Sina.com.cn, Market size of the diabetes medications in China in 2018 with estimates until 2030, by category (in billion yuan) Statista, https://www.statista.com/statistics/1123474/china-diabetes-medication-market-size-by-product-category/ (last visited November 21, 2024)
Market size of the diabetes medications in China in 2018 with estimates until 2030, by category (in billion yuan) [Graph], Sina.com.cn, October 30, 2019. [Online]. Available: https://www.statista.com/statistics/1123474/china-diabetes-medication-market-size-by-product-category/
