PUNE, India, June 23, 2016 /PRNewswire-iReach/ -- Objective of Study
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Human insulin refers to synthetic insulin manufactured in laboratories by growing insulin protein with the help of E. coli bacteria. Previously, before human insulin was established as animal insulin, usually a purified form of porcine (pork) insulin was used. It is expected that the market for global human insulin market is expected to grow at a CAGR of 12.1% from 2016 – 2027.
Key findings of this report
- Increasing prevalence of diabetic population, rising prevalence of obesity, and rise in geriatric population are major factors driving the growth of the human insulin market
- Strict regulatory requirements for approval of insulin and high cost of insulin analog inhibits the growth of the human insulin market
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Segmentation for the global human insulin market comprises of the following types such as
- Traditional Human Insulin which comprises of Short Acting Human Insulin, Intermediate Acting Human Insulin, and Premixed Human Insulin.
- Modern Human Insulin which consists of Long Acting Human Insulin, Rapid Acting Human Insulin and Premixed Human Insulin
Regional Analysis of Human Insulin Market:
North America is a prominent market for human insulin market and dominated the Global market share. It has been valued at $11,127.9 in 2015 million and is expected to grow over $XX million by 2027. The European human insulin market stands as second largest market which is expected to grow with a CAGR of 12.2% during the forecasted period. Asia Pacific has emerged as the fastest growing market which has been valued at US $6,298 million in 2015 and expected to reach US $XX million by the end of forecasted period with the CAGR of more than 13.2%.
Key Players for Human Insulin Market:
Some of the key players for this market are: Biocon Ltd, Tonghua Dongbao Pharmaceuticals Co., Ltd., ADOCIA, Merck & Co, Julphar, Pfizer, Inc, Bristol-Myers Squibb Company, GlaxoSmithKline, Oramed Pharmaceuticals, Inc, Novo Nordisk A/S and Sanofi.
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