India’s Sharp Increase In Type 2 Diabetes Boon To Drug Makers

Makers of drugs for diabetics report a 17 percent increase in sales in the 12-month period ending in August. Diabetic drugs also have increased from 4.6 percent of the drug market in India to 5.1 percent, according to ORG IMS. The increase, according to authorities, is due to the fact India has the world's largest population of diabetics, particularly Type 2 diabetes, which is expected to afflict more than 60 million people by 2017, up from 28 million last year. The numbers have led to an increasing number of drug makers entering that sector of the market, with GlaxoSmithKline expected to launch the first molecule for treatment within two years. (Click here for more