The Business Research Company’s Insulin Drugs Global Market Report 2021: COVID-19 Growth And Change To 2030
LONDON, GREATER LONDON , UK, July 29, 2021 /EINPresswire.com/ — According to the new market research report ‘Insulin Drugs Global Market Report 2021: COVID-19 Growth And Change To 2030’ published by The Business Research Company, the global insulin drugs market is expected to grow from $25.88 in billion 2020 to $27.2 billion in 2021 at a compound annual growth rate (CAGR) of 5.1%.The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The insulin drugs market is expected to reach $32.05 billion in 2025 at a CAGR of 4%. Changing lifestyles are leading to a higher prevalence of diabetes. This is expected to drive the demand for diabetes drugs during the forecast period.
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The insulin drugs market consists of manufacturers’ sales of insulin drugs and types of insulin by entities (organizations, sole traders and partnerships) which are used to treat diabetes. Insulin is a medication prescribed to treat type 1 diabetes and type 2 diabetes mellitus. There are several types, preparations, and dosage amount of insulin. Insulin is a hormone that is produced naturally in our bodies. Its main role is to allow cells throughout the body to uptake glucose (sugar) and convert it into a form that can be used by these cells for energy. The market covered in this report does not include non-insulin drugs and other anti-diabetic drugs or medicine.
Trends In The Global Insulin Drugs Market
There is an increased trend of mergers and acquisitions for the new formulations in the insulin market and the companies are investing in development of new medicines in Insulin drugs market. For example, researchers at Lund University Diabetes Centre in Sweden, worked on CRISPR, a genome modification tool. This resulted in turning off of one of the genes which was responsible for causing diabetes. This effectively decreased beta cell death and increased insulin production in the pancreas. Insulin maker, Novo Nordisk has developed a diabetes pill and it is expected to be launched in 2020.
Global Insulin Drugs Market Segments:
The global insulin drugs market is further segmented based on product type, application, drug classification, distribution channel and geography.
1) By Product Type: Basal or Long Acting Insulins, Bolus or Fast-Acting Insulins, Traditional Human Insulins, Combination Insulins, Biosimilar Insulins
By Application: Type II Diabetes, Type I Diabetes, Gestational Diabetes, Prediabetes
By Drug Classification: Branded Drugs, Generic Drugs
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Drugs Stores, Others
By Geography: The global insulin drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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Insulin Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides insulin drugs global market overviews, analyzes and forecasts market size and growth for the global insulin drugs market, insulin drugs global market share, insulin drugs global market players, insulin drugs market segments and geographies, insulin drugs market’s leading competitors’ revenues, profiles and market shares. The insulin drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Read Insulin Drugs Global Market Report 2021 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Insulin Drugs Market Organizations Covered: Apidra, Eli Lilly, Humalog, Humulin, Insuman, Lantus, Levemir, Novo Nordisk, Novomix, and NovoRapid/Novolog.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets. Here is a list of reports from The Business Research Company similar to the Insulin Drugs Global Market Report 2021:
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