Asia-Pacific Human Insulin Market Overview and Insights:
According to Markntel Advisors Report, Asia-Pacific Human Insulin Market is estimated to grow at a CAGR of around 8.12% during the forecast period, i.e., 2024-30.
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Industry Growth Driver:
Surging Prevalence of Diabetes Boosting the Human Insulin Market – The Asia-Pacific Human Insulin Market has witnessed robust growth driven by a surge in diabetes prevalence over the historical years. This has been primarily attributed to factors such as changing lifestyles, increased obesity rates, and an aging population. Asia-Pacific aging demographics have also played a pivotal role as older individuals are more prone to diabetes. According to the Economic and Social Commission for Asia and the Pacific, the number of older persons is projected to more than double, from around 630 million in 2020 to about 1.3 billion by 2050. Hence, as the world experiences a demographic shift towards an older age structure, the prevalence of diabetes is on the rise. This demographic trend amplifies the demand for human insulin, which has aided in driving the Asia-Pacific Human Insulin Market.
What is Included in Asia-Pacific Human Insulin Market Segmentation?
The report has segmented the market into the following categories:
By Type
– Human Insulin Biologics – Market Size & Forecast 2019-2030, USD Million
– – Intermediate Acting- Market Size & Forecast 2019-2030, USD Million
– – Short Acting- Market Size & Forecast 2019-2030, USD Million
– – Premixed- Market Size & Forecast 2019-2030, USD Million
– Insulin Analogue & Biosimilar – Market Size & Forecast 2019-2030, USD Million
– – Long Acting- Market Size & Forecast 2019-2030, USD Million
– – Rapid Acting- Market Size & Forecast 2019-2030, USD Million
– – Premixed- Market Size & Forecast 2019-2030, USD Million
By Application
– Diabetes Type 1- Market Size & Forecast 2019-2030, USD Million
– Diabetes Type 2- Market Size & Forecast 2019-2030, USD Million
– By End Users
– Hospital/Clinics- Market Size & Forecast 2019-2030, USD Million
– Home/Personal- Market Size & Forecast 2019-2030, USD Million
Type II diabetes is one of the most common diabetes across the Asia-Pacific region, and according to the International Diabetes Federation, it accounts for almost 90% of the overall diabetes cases. The factors responsible for the higher prevalence of type 2 diabetes are lifestyle factors and genetic predisposition. Individuals with a family history of type 2 diabetes have been at a higher risk of developing the condition. As genetic factors play a crucial role in determining an individual’s susceptibility to insulin resistance and impaired glucose metabolism, the instances of type 2 diabetes have been multiplying over time. Hence, type 2 diabetes has been one of the major applications of human insulin over the historical years & would be crucial in the years ahead as well.
By Distribution Channel
– Hospital Pharmacies- Market Size & Forecast 2019-2030, USD Million
– Retail Pharmacies- Market Size & Forecast 2019-2030, USD Million
– Online Pharmacies- Market Size & Forecast 2019-2030, USD Million
By Country
– China
– Japan
– India
– Australia
– South Korea
– Thailand
– Rest of Asia-Pacific
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Who are the Key Players Operating in the Asia-Pacific Human Insulin Industry?
The top companies of the Asia-Pacific Human Insulin market ruling the industry are:
- Novo Nordisk A/S
- Eli Lilly and Company
- Sanofi
- Biocon
- Gan & Lee Pharmaceuticals Co. Ltd
- Wockhardt
- Lupin
- Eris Lifesciences Ltd
- Tonghua Dongbao Pharmaceutical Co., Ltd.
- The United Laboratories International Holdings Limited
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FAQs (Frequently Ask Questions)
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- Which geographical area dominates the Asia-Pacific Human Insulin industry?
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