Increasing demand for biosimilar drugs and rising geriatric population are driving the growth in Saudi Arabia Human Insulin Market in the forecast period, 2022-2026.
According to TechSci Research report, “Saudi Arabia Human Insulin Market By Indication (Type I Diabetes, Type II Diabetes), By Route of Administration (Subcutaneous, Nasal, Intravenous, Transdermal, Oral and Others), By Type (Basal, Bolus, Pre-mixed, Biosimilar, Traditional), By Onset Time (Rapid Acting, Short-Acting, Intermediate Acting, Long Acting, Ultra-long Acting, Pre-Mixed, Inhaled), By Products (Insulin Pens, Insulin Pumps, Infusion System, Injection), By Region, Competition Forecast & Opportunities, 2026”, the Saudi Arabia Human Insulin market is expected to witness a growth of steady CAGR for the forecast period, 2022-2026. Insulin controls the flow of carbohydrates and fat metabolism in the body.
Insulin is secreted in the pancreas, and it causes the fat and skeletal tissues to absorb the blood from the glucose in the body. Changes in lifestyle patterns and the prevalence of obesity and diabetic cases in the country are expected to fuel the demand for effective diabetes treatment methods. The high demand for Human Insulin is due to the growing needle anxiety and injuries caused to take put blood from the body and the surge in the consumers’ awareness regarding the chances of occurrence of transmission of bloodborne pathogens.
However, stringent regulatory standards for the approval of novel products and the higher cost of production may restrain the Saudi Arabia Human Insulin market growth for the forecast period.
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The Saudi Arabia Human Insulin market is segmented on the basis of indication, route of administration, type, onset time, products, competitional landscape, and regional distribution.
On the basis of the indication, the Saudi Arabia Human Insulin market is divided into type I diabetes and type II diabetes. The type I diabetes segment is expected to dominate the market share for the forecast period, 2022-2026. Patients suffering from Type I diabetes require the treatment of insulin therapy, which focuses on leveling blood sugar levels along with proper diet, lifestyle, and timely dosage of insulin to eliminate the chances of complications.
On the basis of the type, the Saudi Arabia Human Insulin market is divided into basal, bolus, pre-mixed, biosimilar, and traditional. The biosimilar segment is expected to witness substantial growth in the next five years. The rise in the expenditure capacity on diabetes treatment and supportive government policies promoting the development of biosimilar drugs with higher effects and lower side effects is expected to drive the demand for the segment.
On the basis of the onset time, the Saudi Arabia Human Insulin market is divided into rapid-acting, short-acting, intermediate-acting, long-acting, ultra-long acting, pre-mixed, and inhaled. The short-acting insulin segment is expected to hold the largest market share for the next five years. Short-acting insulin is witnessing high demand due to its advantages, such as faster absorption and onset action rate.
It mimics the physiological prandial insulin peak of people without diabetes leading to lower postprandial glucose levels. Short-acting insulin controls the glucose level in a more efficient way and helps in enhancing the patient’s quality of life by allowing lesser restrictions on the choice of meals.
On the basis of the products, the Saudi Arabia Human Insulin market is divided into insulin pens, insulin pumps, infusion system, and injection. The insulin pens segment is expected to witness the fastest incremental growth for the next five years. The high focus of the market players on the development of insulin pens and the presence of a huge population pool suffering from diabetes are the contributing factors driving the demand for insulin pens in the next five years.
The launch of novel insulin pens enlisted with attractive features to attract the patients and the availability of medical reimbursements to avail the healthcare services is further expected to accelerate the insulin pens market demand in the country.
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“The rise in the efforts made by the leading authorities to restructure the healthcare system and privatize the public hospital along with the availability of insurance coverage for both foreigners and citizens is expected to boost the Saudi Arabia healthcare system. Adoption of advanced technologies and equipment to treat the patients and the rising consumer awareness about the benefits of using novel diabetic treatment methods is expected to propel the Saudi Arabia Human Insulin market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Human Insulin Market By Indication (Type I Diabetes, Type II Diabetes), By Route of Administration (Subcutaneous, Nasal, Intravenous, Transdermal, Oral and Others), By Type (Basal, Bolus, Pre-mixed, Biosimilar, Traditional), By Onset Time (Rapid Acting, Short-Acting, Intermediate Acting, Long Acting, Ultra-long Acting, Pre-Mixed, Inhaled), By Products (Insulin Pens, Insulin Pumps, Infusion System, Injection), By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of Saudi Arabia Human Insulin market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Human Insulin market.
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