According to the ninth edition of the global diabetes map released by the international diabetes federation, the number of people with diabetes is on the rise globally in 2018, with an average global growth rate of 51%. At this rate, there will be 700 million diabetics worldwide by 2045. That is an increase of more than 70 million from the eighth edition of the global diabetes map, released in 2008. As a chronic disease with high incidence, diabetes has the characteristics of irreversibility and late complications, bringing huge demand potential for diabetes treatment market.
Source: ninth edition of the global diabetes map report
Insulin is one of the most important treatments for diabetes, with a global market of more than $35 billion. China's insulin market reached 10.9 billion us dollars in 2019, second only to the us with 29.46 billion us dollars, according to the research report on the status quo of the global insulin market in 2019 released by the xinsi industry research center.
Source: research report on the current market situation of the global insulin industry in 2019
