Human Insulin Market worth 39.13 Billion USD by 2020


Posted May 12, 2017 by poonam08

The Global Human Insulin Market Is Poised to reach ~USD 39.13 Billion by 2020, growing at a CAGR of 8.1% from 2015 to 2020 and studies the global human insulin market over the forecast period of 2015 to 2020.

 
The report “Human Insulin Market - Drugs (Biologics, Biosimilars), Type (Short Acting, Long Acting, Premixed), Brands (Lantus, NovoRapid, Humalog), Delivery Devices (Pens, Pen Needles, Syringes), Applications (Type 1 Diabetes, Type 2 Diabetes) - Forecasts to 2020” The Global Human Insulin Market Is Poised to reach ~USD 39.13 Billion by 2020, growing at a CAGR of 8.1% from 2015 to 2020 and studies the global human insulin market over the forecast period of 2015 to 2020.
Browse 75 market tables and 53 figures spread through 157 pages and in-depth TOC on "Human Insulin Market”
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Market growth can be attributed to factors such as growing diabetes patient population, increasing population exposure to key risk factors leading to diabetes, rising market demand for human insulin analogs, technological advancements in the field of human insulin delivery devices, and favorable medical reimbursements. However, stringent regulatory requirements for product approval are restraining the growth of market. In addition, high product manufacturing costs is posing significant challenges for market growth.
On the basis of product, the human insulin market is classified into two major segments— drugs and delivery devices. Human insulin drugs segment is expected to account for the largest share of the global market, by product, in 2015. Its large share is propelled by factors such as increasing diabetic population across globe, growing R&D for drug discovery & development, rising proportion of aging population in developed countries, increasing market accessibility of generic human insulin products worldwide, and rising government initiatives to support the development and commercialization of effective biosimilars.
On the basis of product type, the human insulin delivery devices market is classified into three segments—pens, pen needles, and syringes. The pens segment is expected to account for the largest market share in 2015; it is poised to be the fastest-growing segment during the next five years. Its high growth can be attributed to growing market focus of pen manufacturers on emerging countries such as China, India, & Brazil; significant medical reimbursements offered for human insulin pens across mature markets such as the U.S. & Europe; and continuous pipeline development & product commercialization of innovative human insulin pens.
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Geographically, the market is classified into four regions—North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America is estimated to dominate the global human insulin market. The Asia-Pacific market is poised to grow the fastest, during the forecast period, owing to growing diabetes prevalence in APAC (coupled with large diabetic & pre-diabetic patient population), strengthening distribution networks of global product manufacturers in the region, evolving regulatory framework for marketing approvals & medical reimbursements, continued expansion of advanced medical facilities in emerging countries (such as China & India), and rising public awareness related to benefits offered by human insulin in diabetes treatment.
Geography expansion and product development are the key strategies adopted by major players to strengthen their positions in the global market. Moreover, strategies such as partnerships, agreements, collaborations, awareness campaigns, and research funding & grants were also adopted by a significant number of market players to strengthen their product portfolios and expand their distribution networks in the global human insulin market.
Sanofi (France), Novo Nordisk A/S (Denmark), Eli Lilly and Company (U.S.), Biocon Ltd. (India), Julphar (U.A.E.), Ypsomed AG (Switzerland), Becton, Dickinson and Company (U.S.), Wockhardt Ltd. (India), B. Braun Meselgen AG (Switzerland), and Biodel Inc. (U.S.) are few of the key players operating in the global human insulin market.
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Issued By poonam
Country India
Categories Health , Medical
Tags human insulin , human insulin market , insulin
Last Updated May 12, 2017