London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Insulin Market in China 2014-2018.
China has the largest diabetic population in the world, and as such the insulin market in the region is growing at a high rate and witnessing new developments and innovations every year. This market is expected to grow at a CAGR of 15.57 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the increasing number of patients suffering from diabetes and diabetes-related diseases. The Americanization of the Chinese lifestyle has led to higher consumption of meat, dairy, processed and sugar-rich foods, which has drastically increased the risk of diabetes in the population.
Due to the high demand, the Insulin Market in China has witnessed a significant increase in the number of corporate agreements between global and regional vendors, which has increased the competition in the market.
“In 2014, Eli Lilly and Boehringer Ingelheim collaborated and got an approval in EU for their new insulin glargine product. Merck and Samsung Bioepis also expanded their collaboration for an insulin glargine candidate in the same year,” says Faisal Ghaus, Vice President of TechNavio.
“With these increasing strategic alliances, many vendors have also started outsourcing different parts of research work like product characterization testing, toxicology testing and bioassays to different contract research organizations.”
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increase in Diabetic Population
- For a full detailed list, view our report.
Market Challenges:
- High Cost of Insulin
- For a full detailed list, view our report.
Market Trends:
- Increase in Strategic Alliances among Vendors
- For a full detailed list, view our report.
Key Vendors:
- Eli Lilly & Co.
- Novo Nordisk A/S
- Sanofi
Other Prominent Vendors:
- Abbott Laboratories
- Bayer Healthcare
- Biocon
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
