Human insulin market in China set for growth
Analysts forecast that the human insulin market in China will grow at a CAGR of 19.2 per cent over the period 2011-15.
The human insulin market in China is experiencing significant growth, a new report has revealed.
According to the latest report from TechNavio, the market will grow at a compound annual growth rate (CAGR) of 19.2 per cent between 2011 and 2015.
The report - which is based on an in-depth analysis of the market and considers the main players operating in the field - cites a number of factors influencing this growth.
One of the main factors is the significant increase in the number of people with diabetes in China, reflecting the trend seen in many developed countries.
In addition, TechNavio's analysts point out that the number of corporate agreements has increased.
''The human insulin market in China has recently been witnessing a significant increase in the number of corporate agreements between global and regional vendors, which increases the competition in the market,"
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