Market Trends of China Insulin Drugs And Delivery Devices Industry
Rising diabetes prevalence
In China, Diabetes Population is expected to increase with a CAGR greater than 1.05% over the forecast period.
According to IDF Diabetes Atlas 2021, an estimated 141 million adults were living with diabetes in China, which is a rise of 20% over the past two years. It has the highest number of deaths from diabetes in the Western Pacific region, at approximately 1.4 million, and the second-highest diabetes-related health expenditure in the world. More than half of adults currently living with diabetes in China are undiagnosed.
China has the world's largest population of people with diabetes, which continues to grow with the country's rapid urbanization. Chinese Ministry of Health has established a network of National Demonstration Areas to develop pilot projects for health promotion, detection, and control of chronic diseases. Various local government departments with country officials are responsible for overall coordination. Primary care providers promote education and self-management of health conditions through appropriate dietary changes, control of tobacco use, and physical activity, which are beneficial for diabetes control.
As a long-term strategy, China is extending efforts at health promotion, detection, and control of diabetes with academic medical centers (AMCs) and hospitals with effective primary care. AMCs are usually overcrowded with patients with simple conditions, while the primary care system is under-equipped with basic medical infrastructure and an under-qualified workforce. The State Council has encouraged health system integration by promoting a hierarchical medical system, a policy that attempts to attract more patients to primary health centers before going to AMCs.
Therefore, owing to the increasing diabetes prevalence, the studied market is anticipated to witness growth over the analysis period.
The Insulin Pumps Segment is Expected to Witness the Highest Growth Rate Over the Forecast Period
Insulin Pump is expected to grow with a CAGR of more than 5.8% in the market over the forecast period because of the increasing technological advancement and its preference over other traditional methods due to continuous insulin administration.
An insulin pump is a small battery-operated electronic device that delivers insulin continuously or whenever required automatically. The insulin infusion pump works as an alternative to the traditional system of daily injections or an insulin pen. The pump is programmed to deliver insulin into the body through thin plastic tubing known as the infusion set. The pump is worn outside the body, while the infusion set has a fine needle or flexible cannula that is inserted just below the skin, where it stays in place for two to three days.
The pump mimics the human pancreas. Whenever food is eaten, the pump is programmed to deliver a surge of insulin into the body the way the pancreas does in people without diabetes. Between meals, a small and steady rate of insulin is delivered. Insulin pump therapy is a well-established insulin administration method for type 1 diabetes people. The insulin infusion pumps reduce the large swings in blood glucose levels, induce less pain, and deliver more accurately when compared to injections. These advantages of insulin pumps over the traditional delivery system are expected to boost the market.
The use of continuous subcutaneous insulin infusion or insulin pumps and continuous glucose monitoring systems have improved the care and quality of life for patients and are widely used in the ambulatory setting. Increasingly, this technology is also being used in the hospital setting. The Healthy China 2030 Plan, approved by the State Council and the Party's Central Committee, puts diabetes, along with cancer, hypertension, and cardiovascular diseases, in the four major non-communicable diseases with a goal to 'control the prevalence and reduce the probability of early death.' The central government launched a 2017-2025 plan to control non-communicable diseases, which includes increasing the regular monitoring and self-management rate for diabetes patients from 50% to 70% by 2025. Such factors are expected to boost market growth.
