According to a new market report published by
Transparency Market Research "Insulin Market - Global
and China Scenario, Trends, Industry Analysis, Size, Share and Forecast, 2011 - 2018"
the global insulin market was worth USD 12,476.3 million in 2011 and is
expected to reach USD 32,346.7 million in 2018, growing at a CAGR of 12% from
2011 to 2018. In the global market, China is expected to increase its share in
the global insulin market to 10.2% by 2018.
Browse the full report at http://www.transparencymarketresearch.com/insulin-market.html
The global insulin market is driven by rise in diabetic
population worldwide. The world diabetes population was estimated at 366
million in the year 2011, and is expected to reach 552 million in 2030. It is
estimated that diabetes accounts for 4.6 million deaths, with cases of people
dying due to lack of insulin and not even being diagnosed. This however,
presents a huge supply demand deficit for insulin, with high growth potential
in developing markets. The factors contributing to the insulin market growth
also includes increase in global expenditure on healthcare, strong distribution
network, and high scope in developing economies such as China and India.
It is estimated that worldwide, by year 2030, one in
ten people will suffer from diabetes, giving rise to huge demand for insulin.
China, being the most populous nation in the world, accounts for the largest
share of the global diabetic population and eventually turns out as the most
lucrative market for insulin manufacturers.
The China insulin market is projected to grow
at a CAGR twice that of the global insulin market. It was estimated at USD
723.8 million in 2011, and is projected to reach USD 3,299.1 million in the
year 2018, growing at a CAGR of 24.6%. Currently, China accounts for 6.1% of
the global insulin market in terms of volume, which was estimated at 22.4 tMU
in 2011. The global insulin market by volume is projected to grow at a CAGR of
7.9% from 2012 - 2018.
The global insulin market has continuously witnessed
new advanced product types being introduced in the market by insulin
manufacturers. The recent product type is modern insulin, which is a
genetically engineered version of human insulin, and has been selectively
modified to counter the issues associated with human insulin. Currently, modern
insulin accounts for more than 76% of the global insulin market.
To meet the rising demand, global insulin manufacturers
are not only augmenting existing production facilities, but also expanding
their global presence to meet the supply demand gap. Leading insulin
manufacturers are now focusing on reinforcing their market leadership in China.
It includes key global and China insulin market players such as Novo Nordisk,
Sanofi-Aventis, and Eli-Lilly. Together they account for more than 90% of the
global insulin market share.
This research is specially designed to estimate and
analyze the demand and performance of the global and China insulin market in
the current market scenario. This research provides in-depth analysis of
insulin manufacturers, product sales, trend analysis by segments, and demand by
geography.
The report covers all the major product segments of the global and
China insulin market and provides in-depth analysis, historical data and
statistically refined forecast for the segments covered. The study presents a
comprehensive assessment of the stakeholder strategies and winning imperatives
for them by segmenting the global and
China insulin market as below:
By Action
- Short
Acting
- Pre-mixes
- Long
Acting
By Type
- Modern
- Human
- Animal
By Purchase Type
- Dosage
- Bulk
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