Global Insulin Glargine Market Projected Around USD 7,609.2 Million By 2026

26-Mar-2020 | Facts and Factors

 the global Insulin Glargine market in 2019 is approximately USD 5,782.92 Million. The market is anticipated to grow at a CAGR of 4.02% and is projected to reach around USD 7,609.2 Million by 2026.

Insulin Glargine Market

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Insulin Glargine is parental preparation used for the treatment of diabetes or hyperglycemic patients across the world. It is a long-acting form of drug used to treat both Type 1 and Type 2 Diabetes. Insulin Glargine shows the same effect as human insulin but differs in chemical behavior. Insulin is a kind of peptide hormone which are produced by the beta cell of the pancreas of the body system and support the metabolism process. Insulin glargine is created by the technology of recombinant DNA using a non-pathogenic laboratory-based strain of Escherichia coli (K12) as the production organism.

Browse the full “IInsulin Glargine Market By Product (Single Doase and Prefilled Syringes), By Application (Type 1 and Type 2) By Distribution Channel (Hospitals, Pharmacy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026" https://www.fnfresearch.com/insulin-glargine-market-by-product-single-doase-and-941

According to the diabetes statistics reports published by the Centre for the Control and Prevention of Disease (CDC) in 2017, more than 30.33 Million populations in the U.S. are suffering from Diabetes. A torpid lifestyle and a Rise in fatness, especially across the visceral organs are considered of the major factors for developing diabetes. In addition, increasing the consumption of unhealthy diets may likely boost the diabetic condition in healthy individuals. The high cost of therapy may like to curb the market. Research and development might bring huge opportunities within the forecast periods.

In product type, the market is classified into two types’ single dose and Prefilled syringes. Single dose acquires the largest market share in the year 2019. This growth is attributed due to the low cost of single doses. Pre-filled syringes are proven to be more costly than single-dose products.

Based on Application, the market is fragmented into two types: Type 1 and Type 2. Type 2 diabetes holds the largest market share in the year 2019. Type 2 diabetes is mainly caused due to deposition of fat around visceral organs. Lack of exercise, excess calories, and junk food is the major factors responsible for the deposition of visceral fat across the body.

In North America, the U.S. is the major driving country for the region. This growth is mainly associated with heavy investment in research and development. Advanced healthcare infrastructures and public affordability are major factors for the growth of the market. European countries with high per capita income like Germany, Italy, France, and the UK are the major drivers. China and India's population are the major drivers for the Asia Pacific region.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 5,782.92 Million

Projected Market Size in 2026

USD 7,609.2 Million

CAGR Growth Rate

4.02% CAGR

Base Year

2020

Forecast Years

2020-2026

Key Market Players

Sanofi Aventis, Ganlee, Biocon and many others.

Key Segment

By Product, By Application, By End-users, By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Some of the essential players operating in the market are Sanofi Aventis, Ganlee, Biocon, and many others.

The taxonomy of the Insulin Glargine Market by its scope and segmentation is as follows:

Global Insulin Glargine Market: Product Segment Analysis

  • Single Dose Vial
  • Pre-filled Syringe

Global Insulin Glargine Market: Application Segment Analysis

  • Type 1 Diabetes
  • Type 2 Diabetes

Global Insulin Glargine Market: End-users Segment Analysis

  • Hospital
  • Pharmacy
  • Others

Global Insulin Glargine Market: By Region Segment Analysis

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

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