There are approximately 100 million people who need insulin around the world. This includes all people living with type 1 diabetes and between 20 to 30 percent of people with type 2 diabetes. Hyperglycemia or high blood sugar is a common effect of uncontrolled diabetes, which leads to serious damage to nerves and blood vessels over time. The two major sources of insulin production are human insulin and modern insulin (insulin analogues). The recombinant human segment is being displaced by the more effective but slightly more expensive insulin analogs.
The global insulin market is highly consolidated and is dominated by three major players: Novo Nordisk, Sanofi, and Eli Lilly. Increasing global diabetic population and launch of new highly potent, cost-effective drugs in the pipeline candidates by major pharmaceutical companies are likely to boost the growth of global insulin market.
The global insulin market report estimates the market size (Revenue US$ million – 2014 to 2021) and composition of this market in terms of source type (human, recombinant), mode of action (short-acting insulin, rapid-acting insulin, long-acting insulin, intermediate-acting insulin, premixed insulin), pipeline analysis [rapid-acting insulin – Afrezza, NN1218 (FIAsp); long-acting insulin – IDegLira (Xultophy), LY2605541(novel basal insulin analog), LY2963016 (long acting basal insulin), MK-1293 (sustained release insulin analog), U-300 (Toujeo)], and forecasts growth trends (CAGR% – 2017 to 2021).
The global insulin market report also provides the detailed market landscape, market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments. The global insulin market research report is divided by geography (regional and country based) into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World.
Major players operating in the global insulin drugs market and included in this report are Eli Lilly and Company, Novo Nordisk, Sanofi, Shanghai Fosun Pharmaceuticals, and Thermalin Diabetes, LLC.