Abstract
The increasing number of diabetes patients globally is proving a boon for
diabetes drugs market. The number of diabetic patients in the world is
estimated to reach at more than 250 Million in 2008. The governments worldwide
are taking initiatives on various research and development projects in order
to improve drug delivery techniques. This may be beneficial in terms of
growing consumer base in developing countries like India and China. The main
requirement of present market is to develop efficient delivery methods at low
cost and this may change the scenario of the industry.
Our recent research study, “Insulin Delivery Systems Market Analysis
(2008-2012)”, states that currently the insulin market is characterized
by emergence of new drug delivery devices with improved technology and this
trend is likely to continue in next few years also. As a result, global
insulin market is forecasted to grow at a CAGR of around 15% during 2010-2012.
Anticipating the future growth, pharma giants are making investments in active
R&D to increase their market share.
Our report highlights that the insulin market, driven by the increasing
prevalence of diabetes, is presently witnessing robust double-digit growth,
thus pushing strong demand for insulin delivery devices. Most of the insulin
today is available in injectable form through syringes, pens, pumps and
needle-free devices; however, the pain and inconvenience caused by most of
these devices are driving pharmaceutical companies to discover other
‘painless' modes of insulin delivery, particularly oral methods. But, on
the other hand, a low cost factor is also playing a major part in success of
new drug delivery methods.
The report provides extensive information and rational analysis on the global
insulin market as well as insulin delivery methods. Thus, it provides valuable
information to pharmaceutical and biotech companies and investors looking to
enter this market. Analysis and statistics regarding market size, growth,
share, regulatory environment and trends in technology development have been
thoroughly analyzed in the report to provide clients a comprehensive overview
of the market.
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