Human Insulin Market Share, Demand, Industry Growth And Forecast 2023-2028

According to the latest report by IMARC Group “Human Insulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global human insulin market share. The global human insulin market size reached US$ 45.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.48% during 2023-2028.

Human insulin (HI) is a short-acting insulin that is synthesized in laboratories. Commonly utilized to mimic the function of natural insulin present in humans, it is bio-engineered by growing insulin proteins within E-coli bacteria (Escherichia coli). It is available as a solution and suspension and is required to be injected subcutaneously. It is widely employed for controlling the blood sugar levels of patients with type I and II diabetes. HI functions by aiding the sugar produced by the human body to move from the blood to other body tissues where it is used for energy. It can additionally stop the liver from producing more sugar. Apart from this, HI also assists in inhibiting hepatic glucose production and improving the protein synthesis of the body.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The growing prevalence of obesity and diabetes among individuals due to sedentary lifestyles represents one of the key factors driving the market. Apart from this, there is a significant rise in the demand for biosimilar drugs on account of their cost-effectiveness and higher efficiency, which, in turn, is also supporting the growth of the market. Furthermore, the key players are introducing pen devices and safety pen needles for improved delivery of insulin to the body. This, in confluence with the increasing research and development (R&D) activities, is acting as another growth-inducing factor.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

B. Braun Melsungen AG

Becton Dickinson & Company

Biocon

Eli Lilly and Company

Julphar

Novo Nordisk

Pfizer

Sanofi

Sedico

Wockhardt

Ypsomed Holding, etc.

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Product Type:

Drugs

Human Insulin Analogs and Biosimilars

Rapid Acting

Long Acting

Premixed

Human Insulin Biologics

Short Acting

Intermediate Acting

Premixed

Delivery Devices

Pens

Reusable Pens

Disposable Pens

Pen Needles

Standard Pen Needles

Safety Pen Needles

Syringes

Others

Breakup by Distribution Channel:

Retail Pharmacies

Hospital Pharmacies

Online Retail Stores

Others

Breakup by Disease Type:

Type I Diabetes

Type II Diabetes

Market Breakup by Region:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

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