Medicaments; containing insulin, for therapeutic or prophylactic uses, packaged for retail sale

HS v2022 Code: 300431

About medicaments; containing insulin, for therapeutic or prophylactic uses, packaged for retail sale

HS code 300431 covers medicaments containing insulin, which are used for therapeutic or prophylactic purposes and packaged for retail sale. This code is of significant importance within the broader pharmaceutical industry, as insulin-based medications play a crucial role in the management of diabetes, one of the most prevalent chronic health conditions worldwide. The global trade in these specialized medicaments is a key component of the international healthcare supply chain.

Production process

The production of medicaments under HS code 300431 typically involves a multi-step process. First, the active pharmaceutical ingredient (API), in this case, insulin, is extracted and purified from various biological sources, such as porcine or bovine pancreas. The purified insulin is then formulated with other excipients, such as preservatives and stabilizers, to create the final drug product. This formulation is then packaged into the appropriate retail containers, such as vials, cartridges, or pre-filled syringes, to ensure the product's safety, efficacy, and ease of use for patients.

Production inputs

The main inputs required for the production of medicaments under HS code 300431 include the raw materials for insulin extraction, such as animal pancreas tissue, as well as the necessary pharmaceutical-grade excipients and packaging materials. Specialized manufacturing equipment, such as fermentation tanks, purification systems, and filling and packaging machinery, are also essential inputs for this industry. Additionally, the production process requires skilled personnel, including biochemists, pharmaceutical scientists, and quality control technicians, to ensure the safety and efficacy of the final product.

Production outputs

The primary output of the industry covered by HS code 300431 is insulin-based medicaments, which are used for the treatment and management of diabetes. These products may be consumed by a variety of other healthcare-related 300490 Medicaments; consisting of mixed or unmixed products for therapeutic or prophylactic uses, packaged for retail sale, n.e.c. in heading no. 3004 and 300420 Medicaments; containing antibiotics, packaged for retail sale codes, as they are often prescribed in combination with other medications to provide comprehensive diabetes care.

Revisions to 300431

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 300431. The most recent 1 version of this code (300431) is in the HS v2022 system (this version):

This page shows the most recent version of code 300431.

Family tree for medicaments; containing insulin, for therapeutic or prophylactic uses, packaged for retail sale

    graph LR
    A["<a href='/classifications/hs/v2022/30'>30: Pharmaceutical products</a>"]
A --> B["<a href='/classifications/hs/v2022/3004'>3004: Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale</a>"]
B --> C["<a href='/classifications/hs/v2022/300431'>300431: Medicaments; containing insulin, for therapeutic or prophylactic uses, packaged for retail sale</a>"]

    B --> D["<a href='/classifications/hs/v2022/300410'>300410: Medicaments; containing penicillins, streptomycins or their derivatives, for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> E["<a href='/classifications/hs/v2022/300420'>300420: Medicaments; containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> F["<a href='/classifications/hs/v2022/300432'>300432: Medicaments; containing corticosteroid hormones, their derivatives or structural analogues (but not containing antibiotics), for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> G["<a href='/classifications/hs/v2022/300439'>300439: Medicaments; containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> H["<a href='/classifications/hs/v2022/300441'>300441: Medicaments; containing alkaloids or their derivatives, containing ephedrine or its salts, for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> I["<a href='/classifications/hs/v2022/300442'>300442: Medicaments; containing alkaloids or their derivatives, containing pseudoephedrine (INN) or its salts, for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> J["<a href='/classifications/hs/v2022/300443'>300443: Medicaments; containing alkaloids or their derivatives, containing norephedrine or its salts, for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> K["<a href='/classifications/hs/v2022/300449'>300449: Medicaments; containing alkaloids or their derivatives; other than ephedrine, pseudoephedrine (INN) or norephedrine or their salts; for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> L["<a href='/classifications/hs/v2022/300450'>300450: Medicaments; containing vitamins or their derivatives, for therapeutic or prophylactic use, packaged for retail sale</a>"]
B --> M["<a href='/classifications/hs/v2022/300460'>300460: Medicaments; containing antimalarial active principles described in Subheading Note 2 to this Chapter, for therapeutic or prophylactic uses, packaged for retail sale</a>"]
B --> N["<a href='/classifications/hs/v2022/300490'>300490: Medicaments; consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale</a>"]

    

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  %% class C highlight