Huge Unmet Insulin Demand Attracts Drug Makers to China : Ken Research REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Diabetes has become a common household in disease in China over the past two decades. In fact, the prevalence of diabetes in China increased from 1% per capita in 1980 to over 12% per capita by 2013. Data reveals that diabetes is about to reach catastrophic levels in the near future. MORE THAN 150 MILLION EXPECTED TO HAVE DIABETES BY 2040 Though this figure is unexpectedly high, it also has some direct impact on the Chinese diabetes care market. For instance, the consumption of insulin is expected to gain a rapid momentum. The insulin market in China showcased a growth rate at a CAGR of 18.3% during 2008-2013. This indicates tremendous growth opportunities for both local Chinese drug manufacturers and international drug makers. With such a huge need for proper diabetes care, the first step is to fulfill the unmet insulin needs, the basis for diabetes treatment. While multinational companies continue to focus on urban China, the local producers are better positioned to promote insulin products in the rural areas by building better relationships with healthcare professionals. PLAYER’S POSITIONING This growing need for diabetes treatment in China has attracted several leading players from across the globe. Companies such as Novo Nordisk, Eli Lilly and Sanofi Aventis capture a large proportion of the market, whereas domestic players including TonghuaDongbao and Shanghai Fosun Pharmaceutical share a small fraction of the Chinese insulin market. Talking in terms of latest developments, multinational Sanfoi has announced plans of setting up joint venture with Zhejiang Hisun Pharmaceutical Co. Ltd. for developing insulin and other diabetes related treatments. Other international giants like Eli Lilly and Novo Nordisk have also announced plans for developing close ties with government’s healthcare workers for educating about diabetes. In terms of a long term perspective, the government has also collaborated with several of these leading insulin companies for spreading awareness via campaigns and free diagnostic services. THE FUTURE FOR CHINESE INSULIN MARKET LOOKS POSITIVE The government has awakened and taking rational steps to provide better access to medical treatment. Not only is it increasing awareness in the rural areas, but it is also urging both multinational and domestic producers to focus on the production of insulin which is the first step in meeting the needs of a largely diabetic population. Medical insurance, drug supply security, medical-service provision and public health services are some of the initiatives undertaken by the government. The drug manufacturing firms are also carrying out extensive R&D within China to understand the local trends and supplying corresponding solutions to meet future demand. To know more about what is happening in the China’s Insulin Market, click on the link https://www.kenresearch.com/healthcare/pharmaceuticals/china-insulin-market-research-report/574-91.html https://www.kenresearch.com/tag/healthcare/diabetes/228.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications query@kenresearch.com +91-124-4230204 Tags: China Diabetes Care Market, China Insulin Market Analysis, China Insulin Market Future, China Insulin Market Research Report, China Insulin Market Segmentation by Types of Insulin, China Insulin Market Share, China Insulin Market Size, China Insulin Market Size on the Basis of Revenue, China Insulin Market Trends, Insulin Market Value Chain in china, Major Companies in China Insulin Market on the Basis of Volume, Market Share of Major Companies in China Insulin Market, The Insulin Market in China