The insulin biosimilars market size has grown rapidly in recent years. It will grow from $3.04 billion in 2024 to $3.53 billion in 2025 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to increased diabetes prevalence, growing healthcare costs, expanding access to diabetes treatment, market competition and price pressures, regulatory support and approval pathways.
The insulin biosimilars market size is expected to see rapid growth in the next few years. It will grow to $6.17 billion in 2029 at a compound annual growth rate (CAGR) of 15%. The growth in the forecast period can be attributed to global diabetes burden, emerging markets and access expansion, biosimilar adoption policies, patient preference for affordability, collaborations and partnerships in biopharmaceutical industry. Major trends in the forecast period include diversification of insulin product portfolios, global market penetration, technology integration in insulin delivery, regulatory support for biosimilars development, patient-centric approaches in product development.
The growing prevalence of diabetes is anticipated to drive the growth of the insulin biosimilars market in the future. Diabetes encompasses a group of chronic metabolic disorders marked by prolonged high blood sugar levels. Biosimilars are essential in diabetes treatment, offering an alternative for insulin therapy, which increases the demand for insulin biosimilars as diabetes cases rise. For example, in July 2023, the National Center for Biotechnology Information, a U.S. government organization that provides access to biomedical and genomic information, reported that the prevalence of diabetes, which was 10.5% in 2021, is expected to increase to 11.3% by 2030 and further to 12.2% by 2040. Thus, the rising prevalence of diabetes is propelling the growth of the insulin biosimilars market.
The upward trajectory of healthcare expenditure is expected to fuel the growth of the insulin biosimilars market. Healthcare expenditure, representing the total spending on healthcare goods and services within a specific timeframe, is significantly influenced by insulin biosimilars, offering cost-effective alternatives and contributing to overall cost savings. For instance, according to the Centers for Medicare & Medicaid Services in September 2023, the projected average growth in National Health Expenditure (NHE) between 2022 and 2031 is expected to surpass the average GDP growth rate. This projected growth will result in an increased health spending share of Gross Domestic Product (GDP) from 18.3 percent in 2021 to 19.6 percent in 2031, thus driving the insulin biosimilars market.
Major companies in the insulin biosimilars market are focusing on developing interchangeable insulin to improve patient access, lower healthcare costs, and ensure consistent therapeutic outcomes for diabetes management. Interchangeable insulin plays a vital role in the insulin biosimilars market by increasing patient access to affordable treatments and promoting adherence to therapy. For example, in April 2023, Eli Lilly, a U.S.-based pharmaceutical company, introduced Rezvoglar (insulin glargine-aglr), an insulin glargine biosimilar designed to enhance glycemic control for both pediatric and adult patients with type 1 diabetes, as well as adults with type 2 diabetes. With its interchangeable designation, pharmacists can substitute it for other insulin glargine prescriptions without requiring physician approval, thereby improving patient accessibility. This launch establishes Rezvoglar as the second interchangeable insulin biosimilar in the U.S., fostering competition and affordability in the insulin biosimilars market.
Strategic partnerships have become a notable trend in major companies operating in the insulin biosimilar market, aiming to develop new products and fortify their market positions. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in September 2023, Meitheal Pharmaceuticals partnered with Tonghua Dongbao Pharmaceutical to commercialize three insulin biosimilars, including insulin lispro, insulin glargine, and insulin aspart. This collaboration enables Meitheal Pharmaceuticals to broaden its product portfolio and enhance its global reach.
In November 2022, Biocon Biologics acquired Viatris' global biosimilars business for an undisclosed amount, taking over the portfolio of approved and pipeline biosimilar products, as well as dedicated R&D and manufacturing facilities. This strategic acquisition marked a significant milestone for Biocon Biologics, further consolidating its position in the biosimilars market. Viatris, a US-based pharmaceutical company specializing in insulin biosimilars, was the acquired entity.
Major companies operating in the insulin biosimilars market include Eli Lilly and Company, Boehringer Ingelheim GmbH, Merck & Co Inc., Pfizer Inc., Biocon Ltd., Mylan N.V., Wockhardt Limited, NOVO Nordisk A/S, Sanofi S.A, Fresenius Kabi AG, Sandoz International GmbH, Novartis International AG, Aurobindo Pharma Ltd., Intas Pharmaceuticals Ltd., Dr. Reddy's Laboratories Ltd., Samsungbioepis Co. Ltd., Teva Pharmaceutical Industries Ltd., Stada Arzneimittel AG, Celltrion Inc., Fujifilm Kyowa Kirin Biologics Co. Ltd., Green Cross Corporation, Lupin Limited, Torrent Pharmaceuticals Ltd., Zydus Lifescience Ltd.
North America was the largest region in the insulin biosimilars market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global insulin biosimilars market report during the forecast period. The regions covered in the insulin biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the insulin biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Insulin biosimilars denote biological products that closely resemble an existing reference insulin product in terms of quality, safety, and efficacy, which has already received approval and been introduced to the market. Widely employed to regulate blood glucose levels, insulin is indispensable for individuals managing diabetes to sustain healthy glucose levels.
The primary types of biosimilar insulin include rapid-acting biosimilars, long-acting biosimilars, and premixed-acting biosimilars. Rapid-acting biosimilars constitute a category of insulin biosimilar products engineered for swift onset of action and a relatively brief duration of activity. These biosimilars address various disease indications such as type I diabetes and type II diabetes, and they are distributed through diverse channels, including hospital pharmacies, retail pharmacies, and online pharmacies. The end-users encompass hospitals, ambulatory surgical centers, and other entities.
The insulin biosimilars market research report is one of a series of new reports that provides insulin biosimilars market statistics, including insulin biosimilars industry global market size, regional shares, competitors with an insulin biosimilars market share, detailed insulin biosimilars market segments, market trends and opportunities, and any further data you may need to thrive in the insulin biosimilars industry. This insulin biosimilar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The insulin biosimilar market consists of sales of a variety of insulin types such as intermediate insulin, insulin glargine, and insulin analog. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The insulin biosimilars market size is expected to see rapid growth in the next few years. It will grow to $6.17 billion in 2029 at a compound annual growth rate (CAGR) of 15%. The growth in the forecast period can be attributed to global diabetes burden, emerging markets and access expansion, biosimilar adoption policies, patient preference for affordability, collaborations and partnerships in biopharmaceutical industry. Major trends in the forecast period include diversification of insulin product portfolios, global market penetration, technology integration in insulin delivery, regulatory support for biosimilars development, patient-centric approaches in product development.
The growing prevalence of diabetes is anticipated to drive the growth of the insulin biosimilars market in the future. Diabetes encompasses a group of chronic metabolic disorders marked by prolonged high blood sugar levels. Biosimilars are essential in diabetes treatment, offering an alternative for insulin therapy, which increases the demand for insulin biosimilars as diabetes cases rise. For example, in July 2023, the National Center for Biotechnology Information, a U.S. government organization that provides access to biomedical and genomic information, reported that the prevalence of diabetes, which was 10.5% in 2021, is expected to increase to 11.3% by 2030 and further to 12.2% by 2040. Thus, the rising prevalence of diabetes is propelling the growth of the insulin biosimilars market.
The upward trajectory of healthcare expenditure is expected to fuel the growth of the insulin biosimilars market. Healthcare expenditure, representing the total spending on healthcare goods and services within a specific timeframe, is significantly influenced by insulin biosimilars, offering cost-effective alternatives and contributing to overall cost savings. For instance, according to the Centers for Medicare & Medicaid Services in September 2023, the projected average growth in National Health Expenditure (NHE) between 2022 and 2031 is expected to surpass the average GDP growth rate. This projected growth will result in an increased health spending share of Gross Domestic Product (GDP) from 18.3 percent in 2021 to 19.6 percent in 2031, thus driving the insulin biosimilars market.
Major companies in the insulin biosimilars market are focusing on developing interchangeable insulin to improve patient access, lower healthcare costs, and ensure consistent therapeutic outcomes for diabetes management. Interchangeable insulin plays a vital role in the insulin biosimilars market by increasing patient access to affordable treatments and promoting adherence to therapy. For example, in April 2023, Eli Lilly, a U.S.-based pharmaceutical company, introduced Rezvoglar (insulin glargine-aglr), an insulin glargine biosimilar designed to enhance glycemic control for both pediatric and adult patients with type 1 diabetes, as well as adults with type 2 diabetes. With its interchangeable designation, pharmacists can substitute it for other insulin glargine prescriptions without requiring physician approval, thereby improving patient accessibility. This launch establishes Rezvoglar as the second interchangeable insulin biosimilar in the U.S., fostering competition and affordability in the insulin biosimilars market.
Strategic partnerships have become a notable trend in major companies operating in the insulin biosimilar market, aiming to develop new products and fortify their market positions. Strategic partnerships involve companies leveraging each other's strengths and resources for mutual benefits and success. For instance, in September 2023, Meitheal Pharmaceuticals partnered with Tonghua Dongbao Pharmaceutical to commercialize three insulin biosimilars, including insulin lispro, insulin glargine, and insulin aspart. This collaboration enables Meitheal Pharmaceuticals to broaden its product portfolio and enhance its global reach.
In November 2022, Biocon Biologics acquired Viatris' global biosimilars business for an undisclosed amount, taking over the portfolio of approved and pipeline biosimilar products, as well as dedicated R&D and manufacturing facilities. This strategic acquisition marked a significant milestone for Biocon Biologics, further consolidating its position in the biosimilars market. Viatris, a US-based pharmaceutical company specializing in insulin biosimilars, was the acquired entity.
Major companies operating in the insulin biosimilars market include Eli Lilly and Company, Boehringer Ingelheim GmbH, Merck & Co Inc., Pfizer Inc., Biocon Ltd., Mylan N.V., Wockhardt Limited, NOVO Nordisk A/S, Sanofi S.A, Fresenius Kabi AG, Sandoz International GmbH, Novartis International AG, Aurobindo Pharma Ltd., Intas Pharmaceuticals Ltd., Dr. Reddy's Laboratories Ltd., Samsungbioepis Co. Ltd., Teva Pharmaceutical Industries Ltd., Stada Arzneimittel AG, Celltrion Inc., Fujifilm Kyowa Kirin Biologics Co. Ltd., Green Cross Corporation, Lupin Limited, Torrent Pharmaceuticals Ltd., Zydus Lifescience Ltd.
North America was the largest region in the insulin biosimilars market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global insulin biosimilars market report during the forecast period. The regions covered in the insulin biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the insulin biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Insulin biosimilars denote biological products that closely resemble an existing reference insulin product in terms of quality, safety, and efficacy, which has already received approval and been introduced to the market. Widely employed to regulate blood glucose levels, insulin is indispensable for individuals managing diabetes to sustain healthy glucose levels.
The primary types of biosimilar insulin include rapid-acting biosimilars, long-acting biosimilars, and premixed-acting biosimilars. Rapid-acting biosimilars constitute a category of insulin biosimilar products engineered for swift onset of action and a relatively brief duration of activity. These biosimilars address various disease indications such as type I diabetes and type II diabetes, and they are distributed through diverse channels, including hospital pharmacies, retail pharmacies, and online pharmacies. The end-users encompass hospitals, ambulatory surgical centers, and other entities.
The insulin biosimilars market research report is one of a series of new reports that provides insulin biosimilars market statistics, including insulin biosimilars industry global market size, regional shares, competitors with an insulin biosimilars market share, detailed insulin biosimilars market segments, market trends and opportunities, and any further data you may need to thrive in the insulin biosimilars industry. This insulin biosimilar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The insulin biosimilar market consists of sales of a variety of insulin types such as intermediate insulin, insulin glargine, and insulin analog. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Insulin biosimilars Market Characteristics3. Insulin biosimilars Market Trends and Strategies4. Insulin biosimilars Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Insulin biosimilars Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Insulin biosimilars Market34. Recent Developments in the Insulin biosimilars Market
5. Global Insulin biosimilars Growth Analysis and Strategic Analysis Framework
6. Insulin biosimilars Market Segmentation
7. Insulin biosimilars Market Regional and Country Analysis
8. Asia-Pacific Insulin biosimilars Market
9. China Insulin biosimilars Market
10. India Insulin biosimilars Market
11. Japan Insulin biosimilars Market
12. Australia Insulin biosimilars Market
13. Indonesia Insulin biosimilars Market
14. South Korea Insulin biosimilars Market
15. Western Europe Insulin biosimilars Market
16. UK Insulin biosimilars Market
17. Germany Insulin biosimilars Market
18. France Insulin biosimilars Market
19. Italy Insulin biosimilars Market
20. Spain Insulin biosimilars Market
21. Eastern Europe Insulin biosimilars Market
22. Russia Insulin biosimilars Market
23. North America Insulin biosimilars Market
24. USA Insulin biosimilars Market
25. Canada Insulin biosimilars Market
26. South America Insulin biosimilars Market
27. Brazil Insulin biosimilars Market
28. Middle East Insulin biosimilars Market
29. Africa Insulin biosimilars Market
30. Insulin biosimilars Market Competitive Landscape and Company Profiles
31. Insulin biosimilars Market Other Major and Innovative Companies
35. Insulin biosimilars Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Insulin biosimilars Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on insulin biosimilars market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for insulin biosimilars? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The insulin biosimilars market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Biosimilars Type: Rapid Acting biosimilars; Long Acting biosimilars; Premixed Acting biosimilars2) By Disease Indication Type: Type I Diabetes; Type II Diabetes
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies
4) By End User: Hospitals; Ambulatory Surgical Centers; Other End Users
Subsegments:
1) By Rapid Acting Biosimilars: Insulin Aspart Biosimilars; Insulin Lispro Biosimilars; Insulin Glulisine Biosimilars2) By Long Acting Biosimilars: Insulin Glargine Biosimilars; Insulin Detemir Biosimilars; Insulin Degludec Biosimilars
3) By Premixed Acting Biosimilars: Insulin Aspart Protamine Biosimilars; Insulin Lispro Protamine Biosimilars; Biphasic Insulin Biosimilars
Key Companies Mentioned: Eli Lilly and Company; Boehringer Ingelheim GmbH; Merck & Co Inc.; Pfizer Inc.; Biocon Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Eli Lilly and Company
- Boehringer Ingelheim GmbH
- Merck & Co Inc.
- Pfizer Inc.
- Biocon Ltd.
- Mylan N.V.
- Wockhardt Limited
- NOVO Nordisk A/S
- Sanofi S.A
- Fresenius Kabi AG
- Sandoz International GmbH
- Novartis International AG
- Aurobindo Pharma Ltd.
- Intas Pharmaceuticals Ltd.
- Dr. Reddy's Laboratories Ltd.
- Samsungbioepis Co. Ltd.
- Teva Pharmaceutical Industries Ltd.
- Stada Arzneimittel AG
- Celltrion Inc.
- Fujifilm Kyowa Kirin Biologics Co. Ltd.
- Green Cross Corporation
- Lupin Limited
- Torrent Pharmaceuticals Ltd.
- Zydus Lifescience Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | February 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 3.53 Billion |
Forecasted Market Value ( USD | $ 6.17 Billion |
Compound Annual Growth Rate | 15.0% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |