The report "Global Insulin Market which include Top 10 Insulin Manufacturers Globally": By Product (Global insulin syringes market, global insulin pumps market, global insulin pens market and global insulin jet injectors market); By end-user (Specialty diabetic clinics, retail channels and Hospitals) & By Geography - Forecast (2018-2024).
Envision Inteligence estimates that Global Insulin Market is projected to reach approximately $45.14 billion by the end of 2024 with a CAGR of 8% with over 90% of the revenue is being generated from the top 10 insulin manufacturers.
Insulin plays a significant role in the regulation of body glucose levels absence of insulin interrupts the normal functioning of the body and causes diabetes mellitus, metabolic syndrome and insulinoma. Growing number of obese as well as genetic population and changes in lifestyle are the factors responsible for the growth of diabetic patients globally.
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Countries of Asia and Latin America are the having the highest number of the insulin manufactures.
The population with diabetes is projected to rise to 629 million by the end of 2024 as per the IDF Diabetes Atlas publications. APAC countries including China, India and other Middle East countries and some of the Latin American economies are the promising markets for the insulin manufacturers.
In recent decades, APAC has undergone rapid economic development, urbanization, and transitions in nutritional status.This have led to an explosive increase in diabetes prevalence within a relatively short time.
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Lantus, Januvia, Victoza, Levemir, Humalog, Novolog and some others are among the highest sold diabetic drugs in the year 2017. Novo Nordisk is manufacturing insulated products registered in 111 countries, Sanofi had its products registered in 101 countries, Eli Lilly had its insulin products registered in 94 countries around the world.
Key players in the market include:
- Novo Nordisk A/S (Denmark)
- Sanofi S.A. (France)
- Eli Lilly and Company (U.S.)
- Bioton S.A. (Poland)
- Wockhardt Ltd. (India)
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This report has the in-depth analysis on the market and the estimations are done using volume and value data are further confirmed on three approaches including bottom-up, top-down and from top companies’ revenues to conclude the market estimations precisely and accurately considering all the parameters and market dynamics.
Key pointers in the report include:
- Competitive landscape & market analysis is included in the report to understand the key companies’ position and Porter's Analysis, PESTLE analysis, SWOT Analysis& Y-O-Y analysis are performed to understand the market dynamics and key companies’ position during the next five years.
- Team of analysts have analyzed and listed out the key drivers, constraints, challenges and emerging opportunities in all the industry verticals, which will specify the emerging scope for the market in end user industries.
- Industry value chain analysis is provided in the report to find the key stakeholders and prominent players at each stage of the company along with the value addition at each stage of the value chain.
- Complete analysis including global and regional trends, technological developments, and new product innovations are included in the report specific to each segment of the market.
- A complete 360-degree analysis including product portfolio, business portfolio, developmental strategies, key developments from the companies in the historical period for the key players running in the market is included in the report.
- Advanced customizations on countries, specific applications in end-user industries, product-based customizations will be given based on the request. All the collected data is further confirmed and verified using surveys, interviews, and interactions with industrial experts.
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