South Korea Long-acting Insulin Market Future Trends and Growth Opportunity

 

Insulin moves sugar (glucose) from blood to cells for energy or capacity. On the off chance that you take insulin, you may require some at supper time to assist with bringing down your glucose after you eat. In any case, even between suppers, you need insulin in modest quantities to assist with keeping glucose stable.

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Here, long-acting insulin comes into play. Long-acting insulin can assist an individual with balancing out glucose levels for the duration of the day utilizing just a couple of shots. It imitates the low-level progression of insulin that a solid pancreas discharges among dinners and overnight. It attempts to set up a solid pattern glucose level. This implies that when food enters the body, blood glucose will increment from a lower and more customary point, making it simpler to oversee.

COVID-19 Impact Analysis

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future, owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the global long-acting insulin market.

Key Market Players

·        Novo Nordisk

·        Eli Lilly

·        Boehringer Ingelheim

·        Biocon Limited

·        Pfizer Inc.

·        Sanofi Avantis

·        Julphar

·        Exir

·        SEDICO

·        Wockhardt

 

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