26 February, 2019: Insulin
Market Research Report Provides
In-Depth Analysis by Scope, Growth Rate, Driving Factors, Competitive
Situation, Top Manufacturers and Upcoming Trends. Insulin Market report split
global into several key Regions which mainly includes Market Overview, Table of
Content, List of Figures and Applications. Insulin
Market Growing at Higher CAGR Rate in 2019-2024.
The global insulin market is
subject to witness a substantial growth due to the increasing incidence of
diabetes, growing geriatric population and changing lifestyle across the globe.
Varying food patterns, easy availability and decline in cost of the products
are some of the major factors driving market demand for insulin, in the recent
years. In addition, advent of pen devices as well as the safety pen needles for
efficient transmission of insulin in the human body are expected fuel market
growth over the forecast period.
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The key players in the insulin
market are Eli Lilly And Company, Novo Nordisk A/S, Biocon Ltd., Sanofi
(Aventis Pharma) Ltd., Wockhardt Ltd., Julphar Ltd., GlaxoSmithKline plc,
Takeda Pharmaceuticals Company Ltd., Oramed Pharmaceuticals, Inc., Nanjing
Xinbai Pharmaceutical Ltd., C.H. Boehringer Sohn AG & Ko., Merck & Co.
Inc., Biocon Ltd., and SemBioSys Genetics Inc.
Browse Full Insulin Research Report @ https://www.millioninsights.com/industry-reports/insulin-market-trends
Development of innovative techniques and novel products
by industry players are expected to foster market expansion in the upcoming
years. Globally, the insulin market is estimated to develop at a substantial
CAGR in the given forecast period, providing numerous opportunities for market
players to invest in research and development in the insulin market.
The recent technological advancement in the healthcare
sector and development of the novel products to prevent needle stick injuries,
needle anxiety, and risk associated with contamination during blood borne
pathogen transmission are expected to offer lucrative growth opportunities for
industry players in the insulin industry during the forecast period.
In addition, rising need for biosimilar medicine owing to
its cost effectiveness is anticipated to drive market growth in the upcoming
years. Extensive research & development indicative undertaken by both
private bodies and governmental authorities are expected propel market demand
for insulin in near future. Introduction of innovative products for treatment
of type II diabetes such as ORMD-0801, which is an oral insulin is considered
as one of the driving factors for the market growth, in the recent years.
The insulin market is broadly categorized into six major
types based on the product type such as rapid acting analog insulin devices,
longer acting analog insulin devices, pre-mixed insulin, pre-mixed analog, short
acting insulin, and intermediate insulin. Insulin acting analogs is considered
as one of the fastest growing segment in the insulin market with substantial
revenue generation in the last couple of years.
Growing popularity of the insulin acting analogs segment
is attributed to increasing cost of long acting analogs and superior
performance. Shifting preferences by healthcare professionals, doctors and
surgeons regarding adoption of insulin analogs due to better efficiency over
conventional devices are expected fire up market demand for analog insulin in
the upcoming years. The long acting analog insulin segment has also witnessed
substantial revenue generation in the last few years as well.
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