Insulin is one of the most important peptide hormone produced by beta cells in the pancreas. It regulates the metabolism of carbohydrates and fats by promoting the absorption of glucose from the blood to skeletal muscles and fat tissue and by causing fat to be stored rather than used for energy. Insufficient production of insulin leads to accumulation of sugar in blood cells which causes diabetes. The global CIS Insulin Market is expected to boost due to driving factors such as growing number of diabetes cases worldwide, changing lifestyle and eating habits resulting in health disorders such as obesity and other metabolic diseases would fuel the market growth. Diabetic patient need supply of external insulin.
According to International Diabetes Federation (IDF), 382 million people were diagnosed with diabetes worldwide as of 2013, and the number is expected to reach 550 million by 2030. This speedy rate of diabetes patients is expected to boost the growth of CIS insulin market during the forecast period. Deeper market penetration of insulin products due to extensive development in the insulin products and commercialization has also assisted insulin market to grow. Furthermore, introduction of manufacturer favoring regulations has encouraged multinational companies to enter into insulin production, which has considerably helped the market growth.
The CIS insulin market is segmented on the basis of product type, by application, by source and by geography. On the basis of product type, CIS insulin market is further segmented into rapid acting, long acting, short acting, intermediate acting and premixed. Long acting insulin accounted for the largest share in the CIS insulin market. The rapid acting insulin market is anticipated to have the highest growth rate in the near future.
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By application, the CIS insulin market is sub-segmented into type I Diabetes and Type II Diabetes. Type II Diabetes dominates the CIS insulin market, accounting for approximately 90% share. The availability of a wide variety of products in the Type II Diabetes segment and its high prevalence rate complements the growth of Type II Diabetes. Based on source, the CIS insulin market is classified into Analogs and Human Recombinant. The analog source segment, due to its high efficacy level holds the largest share in the CIS insulin market. The introduction highly efficient products such as ultra-fast analog and ultra-long acting analog booths market growth of analog source segment.
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