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Latin America Insulin Vials Market How Industry to Experience Positive Growth, Players Sanofi S.A, Novo Nordisk A/S, and Eli Lilly and Company

December 9th, 2021 Coherent Market Insights Releases

Market Overview:

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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Competitive Landscape:

Sanofi S.A, Novo Nordisk A/S, and Eli Lilly and Company

Key Drivers

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 Analysisย 

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.

Key Takeaways:

  1. 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.
  2. 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 Semgleeโ„ข (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.

๐‚๐ก๐ซ๐ข๐ฌ๐ญ๐ฆ๐š๐ฌ ๐’๐š๐ฅ๐ž ๐ˆ๐ฌ ๐‹๐ข๐ฏ๐ž!

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐“๐จ ๐€๐ฏ๐š๐ข๐ฅ ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ ๐…๐ซ๐จ๐ฆ ๐Ÿ๐Ÿ“-๐Ÿ‘๐ŸŽ% ๐ญ๐ข๐ฅ๐ฅ ๐Ÿ‘๐Ÿ-๐ƒ๐ž๐œ-๐Ÿ๐ŸŽ๐Ÿ๐Ÿ

Purchase This Premium Report To Access Full Information @ https://www.coherentmarketinsights.com/insight/buy-now/4605

Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
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
Research Methodology
Continued….

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
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India: +91-848-285-0837

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