According to a new report published by Reports Monitor titled, “Insulin Market By Steel Product Type, Drug Type & Disease: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the insulin market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North American region dominates the insulin market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Insulin regulates carbohydrates, fats and proteins metabolism in the body. The human insulin protein is composed of 51 amino acids. Insulin is a peptide hormone produced by beta cells of the pancreatic islets, and it is considered to be the main anabolic hormone of the body. It absorbs glucose from the blood and flow to liver, fat and skeletal muscle cells. The use of insulin is increasing due to predominance of diabetes and obesity.
The major driver for insulin market is growing obesity and diabetes prevalence all over the world. Also extensive & well-established distribution network of insulin drugs in developed as well as fast developing countries boost the insulin market growth. Heavy investments in research and development of insulin products drive this market. The major challenges for insulin market will be, continuously growing competition among the manufacturers and suppliers, regulatory pressure, insurance coverage issues and high insulin cost.
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However, stringent regulatory requirements for product approval are restraining the growth of this market.
North American region is the global leader in insulin market in terms of values and extent due to high prevalence of diabetes and technological advances in effective insulin delivery. However, Asia-Pacific and LAMEA are the fastest growing geographic segments due to high diabetes incidences, government support and improving healthcare conditions.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global insulin market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
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The major companies profiled in the report include: Novo Nordisk A/S, Eli Lilly and Company, Sanofi, Biocon, Tonghua Dongbao Pharmaceutical Co., Ltd., Adocia, Merck & Co., Inc., Pfizer, Inc., Wockhardt, Julphar, Bristol-Myers Squibb Company, GlaxoSmithKline Plc, Oramed Pharmaceuticals, Inc. and Other.
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