Brazil Insulin Market Analysis

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  • Type: Common Disease Area
  • Published : May 2021
  • Region: LATAM
  • Country: Brazil
  • Report ID : 4639

  • Format: PPT, PDF

Brazil Insulin Market: Segmented by Product Type (Analogue insulin and Traditional human insulin), and By Distribution Channel (Retail Pharmacy, Hospital Pharmacy and Online Pharmacy) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The Brazil Insulin market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 5% during the forecast period.

Diabetes is generally considered as a lifestyle-related disease. Over time, incidences of the disease have increased outrageously, with the increase in population. Brazil is one of top 10 countries with the highest number of people with diabetes mellitus (DM), affecting 16.8 million peoples. It is estimated that 7.7 million people (20–79 years) in the country have not yet been diagnosed, representing an under-diagnosis rate of 46.0%.

Although insulin has been used in the treatment of diabetes for over 90 years, more than half of those who need insulin today still cannot afford and access it. People with Type 1 diabetes need insulin therapy, which focuses on managing blood sugar levels, along with insulin, diet, and lifestyle, in order to prevent complications.

Market Drivers

Brazil has undergone rapid demographic, nutritional, and epidemiological transitions, which have led to an increase in the prevalence of diabetes in this region. Currently, the youth demographic forms a significant portion of Brazil’s population. Since type I diabetes affects an individual at a very young age, the presence of a large younger demographic provides significant growth opportunities for vendors in the human insulin drugs market in Brazil.

Technological advancements are expected to be one of the key factors for the growth of the human insulin drugs market size in Brazil during the forecast period.

Major Diabetes Type

Based on diabetes type, the insulin drugs market is bifurcated into type 1 diabetes and type 2 diabetes. In terms of type, the type 2 diabetes segment is anticipated to grow at a faster CAGR because of increasing ageing population of the country.

1. Brazil Insulin Market Overview…………………………..
A. Market Size
2. Market Growth Drivers……………………………………………………..……………….
A. Increase in healthcare expenditure of the country
B. Rising number in diabetic patient
3. Major Diabetes Types ………………………………………….
A. Type 1 diabetes
B. Type 2 diabetes
4. Insulin Market Segmentation……………………………………..
A. By Product Type
I. Analogue insulin
II. Traditional human insulin
B. By Distribution Channel
I. Retail Pharmacy
II. Online Pharmacy
III. Hospital Pharmacy
5. Major Insulin Market Share ………………………………….
A. Market Analysis, Insights and Forecast by Revenue
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………….
A. Eli Lilly and Co overview, Product & Services, Strategies & Financials
B. Novo Nordisk AS Company overview, Product & Services, Strategies & Financials
C. Sanofi Company profile, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………..…………
A. Policy changes and Regulatory Guidelines
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Developments
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product Type:

Based on product type, the human insulin market can be segmented into analogue insulin and traditional human insulin. Analogue insulin is further bifurcated into long-acting insulin, fast-acting insulin, and premix insulin. The traditional insulin is segmented into long-acting insulin, short-acting insulin, fast-acting insulin, and premix insulin.

The analogue insulin is estimated to hold the major market share owing to the increasing advantages analogue insulin provides compared to the traditional human insulin. Combined with this, the recent launch of generic insulin is also expected to propel the human insulin market growth.

The traditional human insulin segment is estimated to grow at a slower CAGR compared to analogue insulin owing to lower adoption rate of the drug type. Though, now there are different kinds of traditional human insulin, the increased efficacy and response rate of analogue insulin has resulted in this specific market trend.

By Distribution Channel:

Based on the distribution channel, the human insulin market is segmented into retail pharmacy, online pharmacy, and hospital pharmacy.

The retail pharmacy is projected to generate the highest revenue in the during the forecast period. The higher availability of insulin in retail channel is estimated as the major driving factor for the segment. However, the recent trend of adoption of online pharmacy for insulin is projected to boost the online pharmacy market segment. This is mainly on account of increasing discounts offered by the online pharmacy compared to the expensive insulin available in the market.

Major Players

With the presence of several major players, the human insulin drugs market in brazil is fragmented. Several leading human insulin drugs market in brazil manufacturers, that include Biocon Ltd., Eli Lilly and Co., Novo Nordisk AS, Sanofi, and Wockhardt Ltd.

The major vendors in the market are now focusing on developing novel human insulin drugs through strategic alliances, especially by partnering with research institutes and other healthcare organizations.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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