Market Trends of Vietnam Insulin Drug And Delivery Device Industry
Insulin Devices is Having the Highest volume Share in Current Year
Insulin is a crucial treatment solution for diabetes patients in the latter stages of the illness, and insulin pens are designed to make it simple and convenient for patients to inject insulin at home. Apart from lifestyle changes and oral diabetes medicines, glycemic control is the cornerstone of diabetes therapy. Insulin therapy, which is required for the treatment of both type 1 diabetes mellitus and type 2 diabetes mellitus, is critical in maintaining blood glucose levels and reducing diabetic complications. The insulin pen looks more user-friendly, portable, accurate, and safe than the traditional vial and syringe. Effective insulin administration using an insulin pen improves patient adherence, facilitates self-management of persons with diabetes, reduces the risk of hypoglycemia, and improves the quality of life. In Vietnam, diabetes is recognized as a serious public health burden, affecting around 5.76 million people. The aging population in Vietnam, as well as the prevalence of harmful effects of diabetes on individuals and society, creates an urgent need for appropriate intervention and treatment techniques.
Because insulin must be administered, syringes or other delivery devices are required for insulin therapy, but they are frequently unavailable and expensive. Diagnostic tests at healthcare institutions and glucose meters for self-monitoring of blood glucose were reported to be scarce and expensive in Vietnam country.
Rising diabetes prevalence
Obesity, dietary changes, and other cultural alterations are all connected to diabetes, which is becoming more prevalent in Vietnam.
Problems become increasingly widespread as people age. The aging population that Vietnam will soon face, as well as the longer lifespans of diabetics due to more efficient treatment options, are expected to result in increased expenditures. According to a study on the financial toll of diabetes in the United States, costs have risen despite attempts to reduce needless hospitalization. This demonstrates that, to modify the trend or even halt the rise in diabetes costs, current therapies in Vietnam must be expanded. However, given that Vietnam is also dealing with other noncommunicable diseases that continue to compete for resources in the already stretched public healthcare budget, significantly increasing budget allocation and resources to address the issue is impossible. Regular monitoring services and more strong glucose-lowering drugs should be adopted at the primary care level to keep diabetes under control. Insulin therapy is only initiated in Vietnam if the HbA1c level is less than 9%, and it is only provided at district-level or higher health institutes. Diabetes and its repercussions are financially burdensome on the healthcare system and society, with a significant part of spending going toward resolving complications. Actions aiming at improving patient glycemic control should be made to better manage diabetes and minimize complications, potentially reducing the financial and health burden on the healthcare system and society. Despite a large increase over the past 10 years, particularly the last five years, Vietnam still has a low incidence of obesity. These gains corresponded with a rise in malnutrition, indicating the coexistence of over- and undernutrition issues in Vietnam and other developing nations. Furthermore, the majority of people with T2D have a BMI of 23 kg/m2, but their adiposity has increased, as seen by an increase in WHR and connected to chronic overconsumption of high glycemic index foods.
