Insulin vials are available in insulin units and most of them are available insulin syringes which have 100 units/ml marking. It is commonly available in concentration of 100 units/ml. Additionally, insulin is also available in concentration: 200 units/ml, 300 units/ml, and 500 units/ml.
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Sanofi S.A, Novo Nordisk A/S, and Eli Lilly and Company
Growing prevalence of diabetes in the region is driving growth of the Latin America insulin vials market. According to the International Diabetes Federation report 2019, the prevalence of diabetes in Costa Rica is expected to increase from 9.1% in 2019 to 10.3% in 2030 and estimated to reach 11.0% in 2045. Moreover, the same source states that the prevalence of diabetes in Paraguay is expected to increase from 9.6% in 2019 to 10.9% in 2030, and 11.6% in 2045.
Increasing launch of new product is again expected to accelerate growth of the market. Walmart announced the launch of the first-ever private brand analog insulin, which will revolutionize the access and affordability to diabetes care by offering customers a significant price savings without compromising quality.
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Covid-19 Impact Analysis
The outbreak of Covid-19 pandemic has disturb the supply of key materials due to the lockdowns and shortage of labor. These interruptions have led to the shortage of raw materials and components required for making insulin, which has hampered growth of the Latin America insulin vials market. Key distributors of medical device are witnessing unstable and constantly changing demand from the retailers owing to growing number of patients suffering from COVID-19.
- The Latin America insulin vials market is expected to exhibit a CAGR of 8.5 % over the forecast period owing to the increasing prevalence of diabetes in the region.
- Increasing FDA approval for new product launch will favor growth of the market. For instance, in July 2020, Biocon Ltd. and Mylan N.V. announced that the U.S. Food and Drug Administration (FDA) has approved the New Drug Application (NDA) for Semglee™ (insulin glargine injection), in vial and pre-filled pen presentations, to control high blood sugar in adults with type 2 diabetes and adult and pediatric patients with type 1 diabetes.
𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬 𝐒𝐚𝐥𝐞 𝐈𝐬 𝐋𝐢𝐯𝐞!
𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐨 𝐀𝐯𝐚𝐢𝐥 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐫𝐨𝐦 𝟐𝟓-𝟑𝟎% 𝐭𝐢𝐥𝐥 𝟑𝟏-𝐃𝐞𝐜-𝟐𝟎𝟐𝟏
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Latin America Insulin Vials Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Latin America Insulin Vials Industry Impact
Chapter 2 Latin America Insulin Vials Competition by Types, Applications, and Top Regions and Countries
2.1 Latin America Insulin Vials (Volume and Value) by Type
2.3 Latin America Insulin Vials (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Latin America Insulin Vials Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Latin America Insulin Vials Market Analysis
Chapter 6 East Asia Latin America Insulin Vials Market Analysis
Chapter 7 Europe Latin America Insulin Vials Market Analysis
Chapter 8 South Asia Latin America Insulin Vials Market Analysis
Chapter 9 Southeast Asia Latin America Insulin Vials Market Analysis
Chapter 10 Middle East Latin America Insulin Vials Market Analysis
Chapter 11 Africa Latin America Insulin Vials Market Analysis
Chapter 12 Oceania Latin America Insulin Vials Market Analysis
Chapter 13 South America Latin America Insulin Vials Market Analysis
Chapter 14 Company Profiles and Key Figures in Latin America Insulin Vials Business
Chapter 15 Latin America Insulin Vials Market Forecast (2021-2027)
Chapter 16 Conclusions
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