Key Findings
§ The total number of diabetes patients in the world is expected to grow from 246 Million in 2006 to 380 Million by 2025.
§ Growing at a CAGR of 14.09%, global insulin market will reach US$ 14.5 Billion by 2010 from US$ 7.5 Billion in 2005.
§ Over 60% of the insulin sold in 2006 was sold in pen devices.
§ Insulin pen devices dominate the market in Europe and Japan whereas syringes and pumps dominate the US market.
§ Needle-free injectors haven’t created any impact in the insulin delivery market with market share in 2006 as low as 0.6% in US.
§ Inhaled Insulin devices were earlier thought to make a big success, but Pfizer’s Exubera was a big flop in 2006 with estimated revenues of 1/10th as what had been earlier projected.
§ The Insulin market in 2006 was largely dominated by two players, Novo Nordisk of Denmark and Eli Lilly of USA.
§ India and China are emerging as the most potential future markets for insulin delivery devices.
Key Issues and Facts Analyzed
The market research report also addresses the issues and facts that are critical to your business success:
§ Evaluation of past, current and future market trends.
§ Discussion about the modes of insulin delivery.
§ A detailed analysis of the major insulin delivery devices.
§ Analysis of pros and cons of major insulin devices.
§ Scope of the major insulin delivery systems all over the world.
§ Analysis of various challenges and opportunities for the industry.
§ Profile discussion of key players in the sector.
Key Players Analyzed
This section provides the overview, key facts, and financial information of prominent players in the global insulin delivery market like Eli Lilly & Company, Novo Nordisk A/S, Sanofi-Aventis, GlaxoSmithKline, and Amylin Pharmaceuticals, Inc.
Research Methodology Used
Information Sources
Information has been sourced from various sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to access to more than 3000 paid databases.
Analysis Methods
The analysis methods includes the following:
Ratio Analysis, Historical Trend Analysis, Linear Regression Analysis using software tools, Judgmental Forecasting, and Cause and Effect Analysis.
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