Market Overview:
The global Trulicity market is expected to grow at a CAGR of xx% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising prevalence of type 2 diabetes, increasing awareness about Trulicity and its benefits, and growing demand for self-injection devices. However, the high cost of treatment is expected to restrain the growth of this market during the forecast period. Based on type, the global Trulicity market can be segmented into prefilled syringes and vial packages. The prefilled syringes segment is expected to account for a larger share of the global Trulicity market than the vial packages segment during the forecast period. This can be attributed to their ease of use and convenience compared with vial packages. Based on application,the global Trulicitymarket can be divided into hospitals, retail pharmacies, and other applications such as clinics and research institutes.
Product Definition:
Trulicity is a glucagon-like peptide-1 receptor agonist (GLP-1 RA) that helps to control blood sugar levels in people with type 2 diabetes. It is used as an add-on therapy to diet and exercise, and comes as a once weekly injection.
Prefilled Syring Package:
Prefilled syring package is a prefilled syringe that contains insulin and has an attached needle. The device reduces the time required to draw up the correct dose of insulin by eliminating the need for drawing up each drop of liquid separately. It also helps in reducing human errors when it comes to preparing doses.
Vial Package:
Vial package is a packaging method used for the storage of liquid products. It is majorly used for injectable drugs and drug delivery devices. Vial packages are made up of plastic or glass and are classified as Type 1, 2, 3 or 4 based on their sizes which can be customized as per client requirements.
Application Insights:
The hospital application segment accounted for the largest revenue share of over 70% in 2017. The growing prevalence of chronic diseases, such as cardiovascular diseases, cancer and diabetes is expected to drive the demand for Trulicity in hospitals during the forecast period. In addition, increasing government initiatives towards improving healthcare infrastructure are likely to propel industry growth over the coming years.
The retail pharmacy application segment is projected to witness significant growth during the forecast period owing to rising awareness about healthy lifestyle practices among consumers and healthcare professionals. Furthermore, increasing incidences of drug counterfeiting are driving manufacturers towards manufacturing products that comply with international quality standards including GMP¢â‚¬â„¢s and QSARs which will positively affect market growth in near future.
Other applications include patient homes.
Regional Analysis:
North America dominated the global market in 2017 owing to high product demand and favorable reimbursement policies. The region is expected to witness significant growth over the forecast period due to increasing geriatric population, which requires long-term therapy. Rising awareness about diabetes prevention programs among patients is also anticipated to fuel Trulicity sales in this region.
Asia Pacific regional market for trulicity is anticipated to grow at a lucrative rate over the forecast period owing to improving healthcare infrastructure and rising patient awareness regarding treatment options, especially for lifestyle diseases such as obesity and diabetes. Moreover, economic development coupled with government initiatives aimed at improving access of quality healthcare services are likely boost regional growth during the forecast years.
Growth Factors:
- Increasing incidence of diabetes: The global prevalence of diabetes is increasing rapidly. This is mainly due to the changing lifestyle and dietary habits, growing aging population, and rising obesity rates. According to a study by the International Diabetes Federation (IDF), the number of people with diabetes will reach 642 million by 2040. This will create a large pool of patients who would be potential users for Trulicity treatment.
- Rising awareness about type 2 diabetes: There is an increasing awareness among people about type 2 diabetes and its complications. This has led to an increase in demand for better treatment options for managing this condition effectively. Trulicity offers an efficacious solution for type 2 diabetics and its popularity is likely to grow in the coming years as more people become aware of it.
Scope Of The Report
Report Attributes
Report Details
Report Title
Trulicity Market Research Report
By Type
Prefilled Syring Package, Vial Package
By Application
Hospital, Retail Pharmacy, Other
By Companies
Eli Lilly and Company, Eli Lilly and Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Trulicity Market Report Segments:
The global Trulicity market is segmented on the basis of:
Types
Prefilled Syring Package, Vial Package
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Retail Pharmacy, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eli Lilly and Company
- Eli Lilly and Company
Highlights of The Trulicity Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Prefilled Syring Package
- Vial Package
- By Application:
- Hospital
- Retail Pharmacy
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trulicity Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trulicity is a prescription medication used to treat type 2 diabetes. It works by helping the body to better control blood sugar levels. Trulicity may also help reduce the risk of heart disease, stroke, and other complications related to diabetes.
Some of the major companies in the trulicity market are Eli Lilly and Company, Eli Lilly and Company.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trulicity Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Trulicity Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trulicity Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Trulicity Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Trulicity Market Size & Forecast, 2018-2028
4.5.1 Trulicity Market Size and Y-o-Y Growth
4.5.2 Trulicity Market Absolute $ Opportunity
Chapter 5 Global Trulicity Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Trulicity Market Size Forecast by Type
5.2.1 Prefilled Syring Package
5.2.2 Vial Package
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trulicity Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Trulicity Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Retail Pharmacy
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trulicity Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trulicity Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Trulicity Analysis and Forecast
9.1 Introduction
9.2 North America Trulicity Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Trulicity Market Size Forecast by Type
9.6.1 Prefilled Syring Package
9.6.2 Vial Package
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Trulicity Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Retail Pharmacy
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Trulicity Analysis and Forecast
10.1 Introduction
10.2 Europe Trulicity Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Trulicity Market Size Forecast by Type
10.6.1 Prefilled Syring Package
10.6.2 Vial Package
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Trulicity Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Retail Pharmacy
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Trulicity Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trulicity Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Trulicity Market Size Forecast by Type
11.6.1 Prefilled Syring Package
11.6.2 Vial Package
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Trulicity Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Retail Pharmacy
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Trulicity Analysis and Forecast
12.1 Introduction
12.2 Latin America Trulicity Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Trulicity Market Size Forecast by Type
12.6.1 Prefilled Syring Package
12.6.2 Vial Package
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Trulicity Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Retail Pharmacy
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Trulicity Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trulicity Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Trulicity Market Size Forecast by Type
13.6.1 Prefilled Syring Package
13.6.2 Vial Package
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Trulicity Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Retail Pharmacy
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trulicity Market: Competitive Dashboard
14.2 Global Trulicity Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eli Lilly and Company
14.3.2 Eli Lilly and Company
