Global Insulin Market Expected to reach USD 73,632 Million by 2028 - Zion Market Research

28-Oct-2021 | Zion Market Research

Global Mold Inhibitors Market: Overview

In terms of revenue, the global Insulin Market accounted for USD 48,828 Million in 2020 and is expected to reach USD 73,632 Million by 2028, growing at a CAGR of 5.3% from 2021 to 2028.

Globally, more than 422 million people are suffering from type 1 and type 2 diabetes. Wherein, most of the insulin demand is coming from type 1 as they are needed to inject insulin on daily basis to regulate the blood sugar level and avoid any further complications. As of 2020, more than 10% of the diabetic population is affected by T1D and the number is expanding rapidly with each passing year. All age groups around found to be affected by the disease, but the prevalence is relatively higher among elderly people. In fact, people having T2D for more than 20 years are also emerged as the consumer of insulin on regular basis. 

Global Mold Inhibitors Market: Growth Factors

The global market is witnessing a significant growth in the prevalence of diabetes on account of changing lifestyle, increasing obese and overweight population, sedentary lifestyle, increased consumption of food containing higher amount of carbohydrates and fat, and growing hereditary prevalence of type diabetes. Over 39% of the global adults are categorized as overweight. In 2016, more than 1.9 billion adults, 18 years and older, were overweight. Of these over 650 million were obese. Apart from this, large number of people are consuming tobacco and smoking. The number is significantly high in China and India. It further increases the risk of developing diabetes.

Global Insulin Market Size

Global Mold Inhibitors Market: Segmentation

Type Segment Analysis Preview:

On the basis of types the global market is segmented into Rapid-Acting, Short-Acting, Intermediate-Acting, Long-Acting, and Premixed. Rapid-acting insulin starts working somewhere between 2.5 to 20 minutes after injection. Its action is at its greatest between one and three hours after injection and can last up to five hours. This type of insulin acts more quickly after a meal, similar to the body's natural insulin, reducing the risk of a low blood glucose (blood glucose below 4 mmol/L). Short-acting insulin takes longer to start working than the rapid-acting insulins. It starts to reduce blood glucose levels within 30 minutes. Therefore, it is recommended to administrate the dose within 30 minutes before eating. This type of insulin can last up to eight hours, but shows maximum efficiency in the first 2-5 hours.

Global Mold Inhibitors Market: Regional Analysis

U.S. is projected to continue dominating the North America insulin market during the forecast period. Canada holding significantly low share of the market as compared the U.S. As of 2019, the country spent $327 billion on diabetes care. Each year, over 64,000 Americans are diagnosed with T1D and more than 1.64 million people are living with the same disease in the country. In 2018, over 10.5% of American population or 34.4 million had diabetes. Wherein, the prevalence is significantly higher in elderly population having age above 60 years. To be precise, over 14.3 million people with 65 years and above are suffering from the disease.

Asia Pacific is anticipated to grow at fastest CAGR over the forecast period. Asia Pacific is housing over 60% of the global population, out of which, more than 35% is residing in China and India. The prevalence of diabetes is significantly higher in low- and mid-income countries. China is housing the world largest population suffering from diabetes. Currently, China and India have over 116 million and 77 million people suffering from diabetes, respectively. In addition to this, more than 50% of the global population having diabetes lives in Asia Pacific region.

Browse the full Insulin Market Type Segment Analysis (Rapid-Acting (Glulisine, Lispro, Aspart), Short-Acting, Intermediate-Acting, Long-Acting (Glargine, Detemir, Premixed), Indication Segment Analysis (Type 1, Type 2) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2021-2028.” Report at https://www.zionmarketresearch.com/report/insulin-market

Global Mold Inhibitors Market: Competitive Players

Novo Nordisk, Eli Lilly & Co., Sanofi, Biocon are the key players in the global Mold Inhibitors Market.

Global Mold Inhibitors Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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