The global market value in 2022 was USD 20.2 billion, driven by the rising prevalence of diabetes across the globe. The global human insulin market share is anticipated to grow at a CAGR of 3.4% during the forecast period of 2023-2031 to achieve a value of USD 27.3 billion by 2031.
North America: The largest market for human insulin, driven by factors such as the high prevalence of diabetes, advanced healthcare infrastructure, and a strong focus on research and development.
Europe: The second-largest market, with increasing demand for human insulin due to a growing awareness of the importance of diabetes management and a supportive regulatory framework.
Asia Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of diabetes, and growing investments in healthcare infrastructure.
Human Insulin: Introduction
Human insulin, a bioengineered version of the hormone produced by the pancreas, plays a vital role in regulating blood sugar levels in people with diabetes. It is widely used in the management of both type 1 and type 2 diabetes, helping patients maintain optimal blood glucose levels and prevent complications arising from hyperglycaemia. The global human insulin market comprises various types of insulin, including rapid-acting, short-acting, intermediate-acting, long-acting, and pre-mixed insulin formulations.Key Trends in the Human Insulin Market
Some key trends of the market are as follows:- Development of novel insulin analogs: The introduction of new insulin analogs, such as ultra-rapid-acting and ultra-long-acting insulin, has provided patients with improved glycaemic control and flexibility in dosing schedules, driving market growth
- Advancements in insulin delivery devices: The development of innovative insulin delivery devices, such as insulin pens, pumps, and inhalers, has improved patient adherence and satisfaction, contributing to market expansion
- Increasing focus on diabetes prevention and management: Growing awareness of the importance of early diagnosis, prevention, and effective management of diabetes has resulted in higher demand for human insulin and related products
Market Segmentations
Market Breakup by Product
- Drugs
- Delivery Device
Market Breakup by Type
Biosimilars
- Long Acting
- Rapid Acting
- Pre-Mixed
Delivery Device
- Intermediate-Acting
- Short Acting
- Pre-Mixed
Market by Brand
HI Analogs and Biosimilars
- NovoRapid/Novolog
- Lantus
- Humalog
- Other Brands
HI Biologics
- Insuman
- Humulin
- Actrapid, Insulatard, and Mixtard
- Others Brands
Market Breakup by Delivery Device
Pens
- Disposable Pens
- Reusable Pens
- Syringes
Pen Needles
- Standard Pen Needles
- Safety Pen Needles
- Others
Market Breakup by Application
- Type I Diabetes
- Type II Diabetes
Market Breakup by Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Others
Market by Region
North America
- United States of America
- Canada
Europe
- United Kingdom
- Germany
- France
- Italy
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Human Insulin Market Scenario
The global human insulin market has experienced significant growth over recent years, driven by factors such as the rising prevalence of diabetes, an aging population, and growing awareness of the importance of effective diabetes management. Additionally, advancements in insulin delivery devices, the development of novel insulin analogs, and supportive regulatory policies have contributed to the market's expansion.North America: The largest market for human insulin, driven by factors such as the high prevalence of diabetes, advanced healthcare infrastructure, and a strong focus on research and development.
Europe: The second-largest market, with increasing demand for human insulin due to a growing awareness of the importance of diabetes management and a supportive regulatory framework.
Asia Pacific: Expected to witness the highest growth rate due to factors such as a rapidly aging population, increasing prevalence of diabetes, and growing investments in healthcare infrastructure.
Human Insulin Market: Competitor Landscape
- Nova Nordisk A/S
- Biocon Limited
- Sanofi S.A
- Pfizer Inc
- Eli Lilly and Company
- Boehringer Ingelheim International GmbH
- Tonghua Dongbao Pharmaceutical Co. Ltd
- Wockhardt
- Julphar (Gulf Pharmaceutical Industries)
- The United Laboratories International Holdings Limited
- Ypsomed AG
- Biodel Inc.
Table of Contents
1 Preface
3 Diabetes Overview
4 Patient Profile
5 Diabetes Epidemiology Analysis
6 Global Human Insulin Market Overview
7 Global Human Insulin Market Landscape
8 Human Insulin Market Challenges and Unmet Needs
10 Global Human Insulin Market Dynamics
11 Global Human Insulin Market Segmentation
12 North America Human Insulin Market
13 Europe Human Insulin Market
14 Asia Pacific Human Insulin Market
15 Latin America Human Insulin Market
16 Middle East and Africa Human Insulin Market
17 Patent Analysis
18 Grants Analysis
19 Clinical Trials Analysis
20 Funding Analysis
21 Partnership and Collaborations Analysis
22 Regulatory Framework
23 Supplier Landscape
24 Global Human Insulin Market- Distribution Model (Additional Insight)
26 Company Competitiveness Analysis (Additional Insight)
27 Payment Methods (Additional Insight)
Companies Mentioned
- Nova Nordisk A/S
- Biocon Limited
- Sanofi S.A.
- Pfizer Inc.
- Eli Lilly and Company
- Boehringer Ingelheim International GmbH
- Tonghua Dongbao Pharmaceutical Co. Ltd.
- Wockhardt
- Julphar (Gulf Pharmaceutical Industries)
- The United Laboratories International Holdings Limited
- Ypsomed AG
- Biodel Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 160 |
Published | May 2023 |
Forecast Period | 2023 - 2031 |
Estimated Market Value ( USD | $ 20.9 Billion |
Forecasted Market Value ( USD | $ 27.3 Billion |
Compound Annual Growth Rate | 3.4% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |