US Insulin Market 2022: Industry Analysis, Size, Share, Growth, Price Trends and Forecast till 2027 | Syndicated Analytics
“US Insulin Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the US insulin market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter's Five Forces models.
Report Metrics
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Insulin represents a peptide hormone that is produced by the beta cells of the pancreatic islets. It is the primary anabolic hormone of the body. Insulin assists in regulating the metabolism of carbohydrates, fats, and proteins by promoting the absorption of glucose from the blood into the fat, skeletal muscle cells, and liver. High concentrations of this hormone in the blood tend to strongly inhibit glucose production and secretion by the liver. Insulin is also utilized as a solution or suspension and is usually injected subcutaneously. Insulin aids in inhibiting hepatic glucose production, lipolysis, and proteolysis, as well as improving protein synthesis in the body. It is widely available in retail pharmacies, online platforms, medical stores, etc., across the US.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
US Insulin Industry Trends and Drivers:
The rising prevalence of chronic diseases, including obesity and diabetes, is among the key factors driving the US insulin market. In addition to this, the escalating demand for insulin therapeutics is further propelling the market growth. Moreover, the growing requirement for biosimilar drugs, owing to their high efficiency and cost-effectiveness, is acting as another significant growth-inducing factor. Besides this, continuous technological advancements, including the development of pen devices and safety pen needles to administer human insulin in the body, are positively influencing the US insulin market. Apart from this, the expanding geriatric population, who are more prone to chronic ailments, is also catalyzing the market growth. Furthermore, the elevating health consciousness among the masses and extensive research and development (R&D) activities in the biotechnology sector are anticipated to stimulate the US insulin market over the forecasted period.
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US Insulin Market Segmentation:
The market is segmented in on the basis of type, end use and region.
Type
End use
RegionNorth America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the US insulin industry with the leading players profiled in the report.
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