Emergence of Covid-19 is to Augment Growth of Latin America Insulin Vials Market

Diabetes, also known as Diabetes mellitus is a condition, wherein the concentration of glucose increases in the blood due to shortage of insulin or insulin resistance. Some of the commonly experienced symptoms of diabetes include increased thirst, frequent urination, and increased appetite. Diabetes can be classified into two major types: Type 1 Diabetes and Type 2 Diabetes. Type 1 diabetes, also known as insulin-dependent diabetes is a chronic condition, wherein the body’s immune system destroys insulin producing cells or beta cells of the pancreas. Insulin is required in the body to help in absorption of glucose from the blood into body’s cell for energy. Type 2 diabetes also known as non-insulin dependent diabetes is a chronic condition, wherein the body is unable to use insulin in spite of having sufficient quantity of insulin in the body. Patients suffering from diabetes need to administer insulin externally, in order to maintain their blood glucose levels. Various types of insulin available in the market include rapid acting, short-acting, intermediate-acting, long-acting, ultralong-acting, and mixtures.

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The increasing incidence of diabetes, rising research and development activities for the treatment of diabetes, and growing diabetes care health expenditure are the major factors that are expected to drive growth of the Latin America insulin vials market over the forecast period. Moreover, increasing adoption of inorganic growth strategies such as partnership, acquisitions, collaborations, and others by key players operating in the market is expected to further fuel growth of the market over the forecast period.

For instance, according to the Pan American Journal of Public Health, the number of people living with type 1 diabetes in the Americas is expected to increase from 35 million in 2000 to 64 million in 2025, out of which Latin America and Caribbean region would account for 62% or 40 million people in 2025.

Government of various countries are focusing on initiatives to fight against the COVID-19 pandemic and stop the spread of the coronavirus infection by implementing various measures in the countries. The Latin American countries such as Brazil have implemented some measures and guidelines such as remote working to reduce the spread of COVID-19 in the country.

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Detailed Segmentation:

By Type of Insulin:

• • Rapid Acting
  • Short-acting
  • Intermediate-acting
  • Long-acting
  • Ultralong-acting
  • Mixtures

By Indication:

• • Type 1 Diabetes
  • Type 2 Diabetes

By Concentration:

• • 100 units/ml
  • 300 units/ml
  • Others (Others include 200 units/ml and 500 units/ml)

By Distribution Channel:

• • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Request Here For PDF Brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/4605

Supply chain and manufacturing activities in Latin American countries such as Brazil, Argentina, and others have been disrupted due to lockdowns implemented by governments since the past few months, while countries such as Mexico, Chile, Nicaragua, and others are facing problems with regards to transportation of medical products such as biosimilars, medical devices, and drugs used for treatment of diabetes. This is expected to hamper the growth of Latin America insulin vials market during the COVID-19 pandemic.

For instance, according to the Brazilian National Regulatory Authority, ANVISA (Agência Nacional de Vigilância Sanitária) report 2020, in February 2020, Brazil declared national emergency due to the outbreak of COVID-19 pandemic and later implemented stringent measures and guidelines such as lockdown, social-distancing, remote working, and others. These guidelines will be followed by the pharmaceutical industries, automobile industries, and others, in order to reduce the spread of COVID-19 in Brazil. Thus, COVID-19 pandemic is expected to have a negative impact on the growth of Latin America insulin vials market, owing to lack of labor and restricted supply of goods and materials related to manufacturing and distribution of insulin vials.

Major players operating in the Latin America insulin vials market include Sanofi S.A, Novo Nordisk A/S, and Eli Lilly and Company

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
Japan: +050-5539-1737
India: +91-848-285-0837

The post Emergence of Covid-19 is to Augment Growth of Latin America Insulin Vials Market appeared first on Gatorledger.

Diabetes, also known as Diabetes mellitus is a condition, wherein the concentration of glucose increases in the blood due to shortage of insulin or insulin resistance. Some of the commonly experienced symptoms of diabetes include increased thirst, frequent urination, and increased appetite. Diabetes can be classified into two major types: Type 1 Diabetes and Type 2 Diabetes. Type 1 diabetes, also known as insulin-dependent diabetes is a chronic condition, wherein the body’s immune system destroys insulin producing cells or beta cells of the pancreas. Insulin is required in the body to help in absorption of glucose from the blood into body’s cell for energy. Type 2 diabetes also known as non-insulin dependent diabetes is a chronic condition, wherein the body is unable to use insulin in spite of having sufficient quantity of insulin in the body. Patients suffering from diabetes need to administer insulin externally, in order to maintain their blood glucose levels. Various types of insulin available in the market include rapid acting, short-acting, intermediate-acting, long-acting, ultralong-acting, and mixtures.

Request Sample Copy + related graphs of the report@ https://www.coherentmarketinsights.com/insight/request-sample/4605

The increasing incidence of diabetes, rising research and development activities for the treatment of diabetes, and growing diabetes care health expenditure are the major factors that are expected to drive growth of the Latin America insulin vials market over the forecast period. Moreover, increasing adoption of inorganic growth strategies such as partnership, acquisitions, collaborations, and others by key players operating in the market is expected to further fuel growth of the market over the forecast period.

For instance, according to the Pan American Journal of Public Health, the number of people living with type 1 diabetes in the Americas is expected to increase from 35 million in 2000 to 64 million in 2025, out of which Latin America and Caribbean region would account for 62% or 40 million people in 2025.

Government of various countries are focusing on initiatives to fight against the COVID-19 pandemic and stop the spread of the coronavirus infection by implementing various measures in the countries. The Latin American countries such as Brazil have implemented some measures and guidelines such as remote working to reduce the spread of COVID-19 in the country.

Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4605

Detailed Segmentation:

By Type of Insulin:

• • Rapid Acting
  • Short-acting
  • Intermediate-acting
  • Long-acting
  • Ultralong-acting
  • Mixtures

By Indication:

• • Type 1 Diabetes
  • Type 2 Diabetes

By Concentration:

• • 100 units/ml
  • 300 units/ml
  • Others (Others include 200 units/ml and 500 units/ml)

By Distribution Channel:

• • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Request Here For PDF Brochure:
https://www.coherentmarketinsights.com/insight/request-pdf/4605

Supply chain and manufacturing activities in Latin American countries such as Brazil, Argentina, and others have been disrupted due to lockdowns implemented by governments since the past few months, while countries such as Mexico, Chile, Nicaragua, and others are facing problems with regards to transportation of medical products such as biosimilars, medical devices, and drugs used for treatment of diabetes. This is expected to hamper the growth of Latin America insulin vials market during the COVID-19 pandemic.

For instance, according to the Brazilian National Regulatory Authority, ANVISA (Agência Nacional de Vigilância Sanitária) report 2020, in February 2020, Brazil declared national emergency due to the outbreak of COVID-19 pandemic and later implemented stringent measures and guidelines such as lockdown, social-distancing, remote working, and others. These guidelines will be followed by the pharmaceutical industries, automobile industries, and others, in order to reduce the spread of COVID-19 in Brazil. Thus, COVID-19 pandemic is expected to have a negative impact on the growth of Latin America insulin vials market, owing to lack of labor and restricted supply of goods and materials related to manufacturing and distribution of insulin vials.

Major players operating in the Latin America insulin vials market include Sanofi S.A, Novo Nordisk A/S, and Eli Lilly and Company

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
Japan: +050-5539-1737
India: +91-848-285-0837

The post Emergence of Covid-19 is to Augment Growth of Latin America Insulin Vials Market appeared first on Gatorledger.