Industry Background:
Insulin Glargine is a long-acting insulin that maintains sugar management throughout the day. It functions similarly to the body's natural insulin. Insulin promotes sugar reuptake in muscle and fat cells while also suppressing sugar synthesis in the liver. Insulin Glargine is a synthetic insulin that closely resembles human insulin. It has a long-lasting and consistent (constant) influence on blood sugar levels that lasts the entire day. As a result, it can be used once a day. It is used to treat adults with type 2 diabetes and adults and children with type 1 diabetes.
According to AMA Research, the market for Insulin Glargine is expected to register a CAGR of 6.1% during the forecast period to 2030. This growth is primarily driven by Rising Prevalence Of Diabetes Disease.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Pharmaceuticals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Cipla Inc. (India), Sanofi-Aventis (France), Novo Nordisk (Denmark), WOCKHARDT (India), Dongbro Pharmaceutical, (China), Sekisui Diagnostics, LLC, (United States), Biocon Biologics, (India), Trumac Healthcare Ltd (India), ADOCIA (France) and Biogenomics Limited. (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2021, Eris Lifesciences entered the insulin market through a joint venture with MJ Biopharm. This venture, named Eris MJ Biopharm Ltd., will engage in marketing and distribution of Human and Analogue Insulin including Aspart, Glargine, and Lispro, and GLP-1 agonists.
In November 2021, Viatris and Biocon Biologics announced the U.S. launch of interchangeable biosimilars SEMGLEE® (insulin glargine-yfgn) injection, a branded product, and Insulin Glargine (insulin glargine-yfgn) injection, an unbranded product, to control high blood sugar in diabetes patients.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Increasing Use Of Insulin Glargine For Diabetes Disease
Market Growth Drivers:
Rising Prevalence Of Diabetes Disease
Challenges:
Stringent Government Regulatory Requirement For The Approval Of Insulin Glargine
Restraints:
Side Effect Associated By Use Of Insulin Glargine
Opportunities:
Rising Healthcare Expenditure and Growth In Research And Development And Subsequent Technological Advancements
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Insulin Glargine Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Insulin Glargine Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Insulin Glargine players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Insulin Glargine Study Sheds Light on
The Insulin Glargine Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Insulin Glargine industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Insulin Glargine industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.