The growth of global Human Insulin market is primarily attributed to rising prevalence of diabetes. The factors that contribute to growing number of diabetic patient globally include changes in lifestyles, growing number of obese as well as geriatric population and inadequate healthcare services. Favorable government policies and technological advances such as innovation of insulin pens have also fueled the growth of this market. However, cost of production, manufacturing complexities and critical regulatory requirements for the approval of biotechnology derived products are the factors that could hinder the growth of global human insulin market. Pipeline insulin products and untapped emerging economies are the promising opportunities for the manufacturers of global human insulin.
Global Human Insulin Market by Types The global human insulin market is segmented by product type into Traditional and Modern Human Insulin. Traditional Human Insulin is segmented as Premixed, Intermediate Acting and Short Acting Human Insulin, whereas Modern Human Insulin includes Premixed, Long Acting and Rapid Acting types. Long acting modern insulin and premixed modern insulin are the fastest growing categories of this segment.
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Global Human Insulin Market by Geography Geographically, global human insulin market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global human insulin market owing to high prevalence of diabetes and technological advances in effective insulin delivery. Asia-Pacific and LAMEA are the fastest growing geographic segments due to high diabetes incidences, government support and improving healthcare conditions. Competitive LandscapeEli Lilly, GlaxoSmithCline, Biocon, Sanofi Aventis, Julphar, Novo Nordisk, SemBioSys, and Wockhardt are some of the key players of global human insulin market. Manufacturers are focusing to develop the advanced techniques of insulin delivery to gain the competitive advantage. Development of biosimilars is a booming trend in global human insulin market and Wockhardt and Biocon have launched their biosimilars products in Asia-Pacific region.
High Level Analysis The study identifies the potential market drivers, challenges and trends. Competitive landscape section provides explicit information of the big players ruling the global human insulin market, their operating strategies, new launches, pipeline products and clinical trials. Porter’s Five Forces analysis has been used to determine the attractiveness of global human insulin market.
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