Showing posts with label Insulin Sector. Show all posts
Showing posts with label Insulin Sector. Show all posts

Wednesday, September 17, 2014

India Insulin Market will Exceeds USD 600 million by FY’2018: Ken Research

India Insulin Market Review to 2018 - Intensifying Strategic Alliances Between Companies presents a comprehensive analysis of market size by value of major types of insulin consumed in India. The report entails the segment wise market share analysis and company profiles of major players in the insulin market in India. The future analysis of the market has also been discussed in the report.

India Insulin Market
The economic advancement of any country is paradoxical in nature. While on one hand it increases the affluence of the masses, the other side is characterized by diseases that are accompanied by passive lifestyles. From the several diseases caused by a sedentary form of life such as cardiovascular ailments, hypertension and high blood pressure, diabetes is also increasing at an alarming rate, especially in the developing countries. India was resident to nearly 61.5 million people suffering from diabetes in 2013, which is the second largest in the world after China. The prevalence of diabetes has made it the fifth largest disease in India.

Diabetes in India is reaching epidemic proportions. Rapid cultural changes such as increasing urbanization, modified diet patterns and sedentary lifestyles among the young generation, have heightened the prevalence of diabetes in India. In 2013, while 61.5 million people suffered from diabetes in the country, another 30 million were in the pre-diabetes group. Medication for the diabetic population is the need of the hour since the disease is adding significantly to the mortality rate of India.

In FY’2008, the revenue generated by the sales of insulin in India was estimated to be USD ~ million and reached USD ~ million in FY’2013, following at a CAGR of 13.9% during the period. The Indian insulin market is witnessing development and has yet to mature. With a huge base of diabetic patients, it is anticipated that only 25% of this population is receiving treatment. Unawareness backed by low affordability has left the major proportion of the diabetic populace to remain untreated. However, since higher disposable income is increasing the accessibility to healthcare services, enhanced diagnostics will further broaden the patient base, creating opportunities for insulin companies operating in India.

The diabetic population in India is largely treated with human insulin solely due to the fact that it is cheaper as compared to analog insulin. In FY’2013, human insulin held ~% of the total insulin market in India, generating revenue of USD ~ million. The revenue from human insulin registered a CAGR of 10.5% during FY’2008-FY’2013. Although the share of human insulin has been more since FY’2008, the market captured by analog insulin has been growing rapidly with a CAGR of 20.4% during FY’2008-FY’2013, increasing its share from ~% in FY’2008 to ~% in FY’2013.

India has become a very lucrative market for insulin multinationals. Companies including Novo Nordisk, Eli Lilly and Sanofi dominate the landscape and had a share of more than ~% in the Indian insulin market in FY’2013. With superior product portfolios and marketing strategies, the 3 companies have gained a monopoly over the market. Domestic enterprises including Biocon and Wockhardt therefore face stiff competition from the foreign counterparts.

Key Topics Covered in the Report
·         The market size of India insulin market in terms of revenue
·         Market segmentation by insulin replacement therapy and types of insulin
·         Government regulation and support schemes for the Indian insulin market
·         Pricing scenario of different insulin brands in India
·         Trends and developments in India insulin market
·         Growth drivers and challenges in India insulin market
·         Market share of major players in the insulin market in India
·         Market share of major players by types of insulin
·         Company profiles of major players in the Indian insulin market
·         Future outlook and projections of the insulin market in India

·         Macroeconomic factors affecting the insulin market in India   

Table of Contents:
1. Asia Pacific Insulin Market Introduction
1.1. Asia Pacific Insulin Market Value Chain
1.2. Asia Pacific Insulin Market Size by Value, 2008-2013
1.3. Asia Pacific Insulin Market Segmentation, 2008-2013
1.3.1. By Geography, 2008-2013
1.3.2. By Insulin Replacement Therapy (Human Insulin and Analog Insulin), 2013
1.3.3. By Types of Insulin (Premix, Rapid Acting, Long Acting), 2013
1.4. New Product Development By Major Insulin Companies
1.5. Trends and Developments in Asia Pacific Insulin Market
Monopoly of Foreign Brands
Phasing Out of Human Insulin
1.6. Growth Drivers and Challenges in Asia Pacific Insulin Market
Shift from Human Insulin to Analog Insulin
Rising Prevalence of Diabetes
Increasing Diabetes Care Expenditure
Low Affordability
Lack of Awareness
1.7. SWOT Analysis of Asia Insulin Market
1.8. Asia Pacific Insulin Market Future Outlook and Projections, 2014-2018
1.8.1. By Geography, 2014-2018

2. India Insulin Market Introduction

3. India Insulin Market Size, FY’2008-FY’2013

4. India Insulin Market Segmentation, FY’2008-FY’2013
4.1. By Insulin Replacement Therapy (Human Insulin and Analog Insulin), FY’2008-FY’2013
4.2. By Types of Insulin (Premix, Rapid Acting, long Acting), FY’2008-FY’2013
4.3. Usage by Type of Diabetes, FY’2008-FY’2013

5. Government Regulations and Support Schemes in India Insulin Market
5.1. National Pharmaceutical Pricing Authority (NPPA) 
Implications of Pricing Limits by NPPA
5.2. National Program for Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS) 

6. Pricing Scenario in India Insulin Market

7. Trends and Developments in India Insulin Market
Price Gap Between Foreign and Domestic Insulin Brands
Shift of Diabetes to Young Age Group
Strategic Alliances in India Insulin Market

8. Growth Drivers and Challenges in India Insulin Market
Increasing Diabetic Population
Increasing Expenditure on Diabetes Care
Exchange Rate Fluctuation

9. Market Share of Major Companies in India Insulin Market, FY’2013
9.1. By Type of Insulin, FY’2013
9.1.1. By Premix Insulin, FY’2013
9.1.2. By Long Acting Insulin, FY’2013
9.1.3. By Rapid Acting Insulin, FY’2013

10. Company Profiles of Major Players in India Insulin Market
10.1. Novo Nordisk India Pvt. Ltd
10.1.1. Company Overview
10.1.2. Business Strategies
Market Expansion Through Spreading Awareness
Strengthening Research and Development (R&D) Activities
10.1.3. Competitive Standing
10.2. Eli Lilly and Company India Pvt. Ltd. 
10.2.1. Company Overview
10.2.2. Business Strategies
Focus on Increasing R&D Investment in India
Concentration Towards the Diabetes Care Segment
10.2.3. Competitive Standing
10.3. Sanofi India Ltd. 
10.3.1. Company Overview
10.3.2. Business Strategies
Commence Insulin Production in India
Product Innovation
Patient Awareness Programs
10.3.3. Competitive Standing
10.4. Biocon Ltd. 
10.4.1. Company Overview
10.4.2. Competitive Standing
10.5. Wockhardt Ltd. 
10.5.1. Company Overview
10.5.2. Competitive Standing

11. India Insulin Market Future Outlook and Projections, 2014-2018
11.1. By Insulin Replacement Therapy (Human Insulin and Analog Insulin, FY’2014-FY’2018
11.2. Cause and Effect Relationship Between Dependable and Independent Variable Factors prevailing in India Insulin Market

12. Macroeconomic Factors in India Insulin Market, 2008-2018
12.1. Diabetic Population in India, 2008-2018
12.2. India Government Spending on Healthcare, FY’2008-FY’2018
12.3. India Consumer Spending on Healthcare, FY’2008-FY’2018
12.4. India Personal Disposable Income, FY’2008-FY’2018

13. Appendix
13.1. Market Definitions
13.2. Abbreviations
13.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent) 
Final Conclusion
13.4. Disclaimer


Contact:
Ken Research
Information Department
info@kenresearch.com
+91-011-47017199

Market Size of Asia Pacific Insulin Market by Location India, China and Japan

·         Asia Pacific insulin market is expected to reach more than USD 10 Billion by 2018
·         Future Growth of the insulin market will be led by greater consumption of the long acting insulin
·         Market leaders are anticipated to maintain focus on expanding R&D facilities and distribution network in emerging markets of China and India

Ken Research announced its latest publication on “Asia Pacific Insulin Market Review to 2018” which provides a comprehensive analysis of major countries and types of insulin consumed in the region. The report covers various aspects such as market size of Asia Pacific insulin market, segmentation on the basis of geographies (China, India and Japan) and future outlook of the market. The report is useful for insulin manufacturers and distributors, as well as new players venturing in the market.

Asia Pacific insulin market
Diabetes is spreading more rapidly in Asia Pacific than any other region in the world. It is a perceived notion that unlike the western countries where diabetes affects older people, in Asia Pacific, the disease is disproportionately high in young to middle-aged adults. Insulin, the basis of diabetes treatment has witnessed a surge in demand in the past decade. Factors such as growing diabetic population, increasing expenditure on healthcare both by the consumers and the government, expanding distribution network and high scope in developing economies such as China and India poses to be potential drivers for the insulin market in Asia Pacific region. The market registered a CAGR of 13.9% during 2008-2013.

According to the research report, the Asia Pacific insulin market will grow at an impressive CAGR, thereby exceeding USD 10 billion by 2018, largely due to increasing incidence of diabetes and rising healthcare expenditure both by the government and the consumers.

“Although lack of diabetes care awareness and low affordability will hinder the growth of the insulin market in the Asia Pacific, rising disposable income of the population and diagnosis of diabetes will cater to increasing consumption of insulin in the region”, according to the Research Associate, Ken Research.

Key Topics Covered in the Report:
-          Asia Pacific Insulin Market Size by Revenue
-          Market Segmentation by Geographies (China, India, Japan)
-          Trends, Growth Drivers and Issues   
-          Country wise market size and segmentation
-          Competition and Market Share
-          Future Outlook
-          Macro Economic Parameters
Key Products Mentioned in the Report
Human Insulin
Analog Insulin
Premix Insulin
Rapid Acting Insulin
Long Acting Insulin

Companies Covered in the Report
Novo Nordisk
Eli Lilly and Company
Sanofi Aventis
Biocon
Wockhardt
BJ Ganli Pharmaceuticals
Tonghua Dongbao


Related Reports:

Contact: 
Ken Research
Information Department
info@kenresearch.com
+91-011-47017199