Decision Resources, one of the world's leading research and advisory firms focusing on pharmaceutical and healthcare issues, forecasts that the type 2 diabetes drug market in Brazil will grow from $417 million in 2008 to $834 million in 2013. The projected 15 percent annual growth rate is attributed to a growing prevalent and drug-treated population, increased use of new generation antidiabetics such as Merck's Januvia, Novartis's Galvus, Sanofi-Aventis's Lantus and Novo Nordisk's Levemir and the launch of several novel agents like Amylin/Eli Lilly/Alkermes's Byetta LAR.
"Throughout our forecast period, sales will be driven by the uptake of newer generation antidiabetics, including dipeptidyl peptidase IV (DPP-IV) inhibitors -- such as Januvia and Galvus as well as fixed-dose combinations containing these agents -- and insulin analogues such as Lantus and Levemir. The anticipated launch of Byetta LAR, which offers greater weight loss and better efficacy in reducing glycosylated hemoglobin (HbA1c) but requires less frequent dosing than Byetta, will also drive sales. Because these drugs have no generic competitors in Brazil and enjoy premium pricing, a slight increase in use will drive rapid growth in revenue," stated Jing Wu, M.S., MBA, analyst at Decision Resources.