Global Human Insulin
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Human Insulin market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Human Insulin Market Sales Revenue 2030 | $ 73.06 Billion |
Global Human Insulin Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.43% |
Market Drivers:
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Market Restrains:
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Market Trends:
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Market Split by Product Type |
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Market Split by Diabetes |
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Market Split by Distribution |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Human Insulin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Human insulin is in a class of medications called hormones. Human insulin is used to take the place of insulin that is normally produced by the body. A key component of managing diabetes worldwide is human insulin, which is a synthetic version of a hormone found in nature.
It provides millions of people with type 1 and type 2 diabetes with a lifeline by controlling blood sugar, greatly enhancing their quality of life. To guarantee that people in need of this necessary medication receive it, there is a market for it. The startling global increase in diabetes diagnoses is driving the human insulin market.
The global diabetes prevalence in 2019 is estimated to be 9.3% (463 million people), rising to 10.2% (578 million) by 2030 and 10.9% (700 million) by 2045. The prevalence is higher in urban (10.8%) than rural (7.2%) areas and in high-income (10.4%) than low-income countries (4.0%).
This results in an increase in the demand for insulin, ensuring further market expansion.
For instance, there are around 537 million adults living with diabetes, and every 3 in 4 adults is diabetes live in low and middle-income countries, and around 6.7 million people are dead due to diabetes in 2021. (Source:https://diabetesatlas.org/). This was about the overview of the market.
Diabetes is a chronic metabolic condition characterized by elevated blood sugar levels caused by the body's ineffective or inadequate use of insulin. The prevalence of diabetes is rising globally due to a multitude of factors, including sedentary lives, poor eating habits, changing lifestyles, and increased rates of obesity. According to estimates for the future, the number of persons with diabetes is expected to continue rising, as per the World Health Organisation (WHO).
Human insulin is a vital medication used to treat diabetes because it helps regulate blood sugar levels and prevent complications from the disease. As the number of people with diabetes rises, so does the need for human insulin products, such as injectable insulin formulations including rapid-acting, short-acting, intermediate-acting, and long-acting insulin. Diabetes is getting more and more frequent, which increases the demand for human insulin goods on the market and drives innovation, R&D, and development in the human insulin market to serve the expanding therapeutic demands of diabetic patients. Hence increasing the prevalence of diabetes can help the market to grow.
• For instance, according to NCBI there are currently 246 million diabetics (46 percent of the population in the 40–59 age range), and by 2025, that number is expected to rise to 380 million.
the advancements in diabetes control technologies and treatment approaches. With the advent of cutting-edge glucose monitors, innovative insulin administration techniques, and digital health solutions, patient outcomes and quality of life have significantly improved as a result of technological advancements in diabetes care. Thanks to advancements in insulin delivery technology such as insulin pens, insulin pumps, continuous glucose meters (CGMs), and closed-loop insulin delivery systems, patients with diabetes now have greater alternatives, convenience, and precision when it comes to insulin administration. This state-of-the-art technology allows for better glycemic control, a decreased risk of hypo- and hyperglycemia, and improved overall management of diabetes
The integration of electronic medical platforms, mobile applications, and data analytics tools allows patients and healthcare providers to monitor blood sugar levels, adjust treatment plans in real time, and track insulin dosages, all of which contribute to personalized and proactive diabetes care. Thanks to developments in diabetes treatment technology, it is now possible to create novel human insulin formulations and delivery systems that are customized to meet the changing needs of people with the condition. This leads to increased competitiveness and commercial expansion in the human insulin industry. Hence, technological development helps the market to grow
• For instance, according to the report by NLM, Scientists discovered a technique called Recombinant DNA that allowed them to introduce a human gene into the genetic makeup of a common bacterium.
The human gene's encoded protein could now be produced by this "recombinant" microorganism.
Costs associated with prescription insulin have sparked discussion and concern, particularly in areas where individuals are mostly responsible for covering their medical expenses. Although diabetes can save a person's life, many diabetics are finding the disease expensive due to its fast-rising costs, especially those without access to subsidized healthcare or proper insurance. Increased insulin expenses may make it more difficult to control diabetes by making patients and their families face financial difficulty, medication non-adherence, and drug restrictions. Moreover, they may raise the chance of developing diabetes-related problems. Coordinated efforts to promote price transparency, foster competition among producers, and expand the supply of readily available insulin formulations are necessary to lower costs and enhance patient access to vital diabetic care. The higher price of insulin hampers the market
• For instance, according to the article by Lilly Investors, Eli Lilly & Company announced an extension of its Insulin Value Programme, which caps patient out-of-pocket expenses at $35 or less per month, and price reductions of 70% for its most frequently given insulins. Lilly is taking these steps to help Americans who might struggle to navigate a complicated healthcare system that might prevent them from accessing inexpensive insulin and to make Lilly's insulin easier to get.
The fewer people are choosing to treat their diabetes as a result of the COVID-19 pandemic, the demand for insulin has been hindered. Furthermore, major industry participants experienced a considerable reduction in their earnings as a result of the COVID-19 epidemic. Insulin sales were impacted, particularly in the first half of 2020, by the decrease in the number of diabetes tests performed and the decreased attention paid to disease management beyond COVID-19 and other significant indicators. This is about the impact of the pandemic.
The market's need for insulin is greatly increased by the rise in the production of biosimilar insulin. Diabetes care is now more accessible and economical because of the availability of biosimilar insulins, which are more reasonably priced than their branded equivalents. Biosimilars address economic concerns related to diabetes therapy while preserving quality and efficacy, which are concerns shared by patients and healthcare systems. Patient adoption is fueled by this cost-effectiveness, which promotes market expansion. Additionally, the manufacturing of biosimilars broadens the number of insulin options available to patients and healthcare professionals, which in turn grows the insulin market.
The insulin market is changing as a result of the incorporation of telemedicine into diabetes management. By facilitating remote consultations and monitoring, telemedicine improves patient care. It encourages patients to follow their insulin regimes and offers them real-time support. By using telehealth solutions, the industry reaches underserved areas and improves
the accessibility and convenience of diabetes management.
To improve patient outcomes, telemedicine supports insulin treatment by providing patient education, data-driven diabetes management, and routine follow-ups. In addition to enhancing patient care, this integration increases market demand by addressing the changing requirements of healthcare professionals and patients in the ever-changing healthcare environment. Increasing demand for bio-similar insulin can create new opportunities.
• On 26 April 2022, The Ministry of Health Malaysia awarded Biocon a three-year, $90 million contract to manufacture recombinant human insulin, called Insugen. The agreement strengthens Biocon's position and dedication to developing markets such as Malaysia.
• On 29 November 2022, By working together to purchase Viatris Inc.'s biosimilar business, Biocon was able to improve its manufacturing research and development capacities. This calculated action sets them up for successful biosimilar market commercialization.
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The major players in the market are adopting various strategies to lead the market. They are using different strategies like comparing the revenue, expenses, resources, product portfolio, region coverage, market share, and key initiatives. The key market players are also constantly focusing on R&D so that they can provide the most effective and cost-effective solution. They are also strengthening the market through innovation, brand reputation, and leadership. The companies are using various strategies to lead the market. This was about the various strategies that are used by the key market players to lead the market.
Top Companies Market Share in Human Insulin Industry: (In no particular order of Rank)
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It is anticipated that the North American market for human insulin will expand at a noteworthy annual growth rate during the study. The market for insulin medications in North America is primarily driven by the prevalence of type 1 diabetes, the strong presence of the major insulin manufacturers, and intense competition among enterprises. According to the American Diabetes Association (ADA), 1.6 million adults and 187,000 children and teenagers in the US have type 1 diabetes, taking a sizable portion of the American market overseas.
The Asia-Pacific Human Insulin Market is anticipated to expand at the quickest compound annual growth rate (CAGR). Numerous factors, such as the rise in target and geriatric populations, the number of partnerships for the development of biosimilars, the geographic expansion of significant businesses, and the active involvement of nonprofit and governmental organizations in the market, can be attributed to this. In addition, China accounted for the greatest portion of the Asia-Pacific market for human insulin, with India having the fastest-growing market. Hence, North America is the dominating region and Asia-Pacific is the fastest-growing region.
The current report Scope analyzes Human Insulin Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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According to Cognitive Market Research, the North America Human Insulin market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the Europe Human Insulin market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the Asia-Pacific Human Insulin market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the South America Human Insulin market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
According to Cognitive Market Research, the Middle East and Africa Human Insulin market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Global Human Insulin Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Human Insulin Industry growth. Human Insulin market has been segmented with the help of its Product Type, Diabetes Distribution , and others. Human Insulin market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Analog insulin is expected to lead the worldwide human insulin market and is expected to grow at a quicker rate in the upcoming years. Given the benefits that analog insulin still has over human insulin, this market development is expected. As a result, within the last five years, there has been an increased requirement for analog insulin. Moreover, the recent introduction of generic insulin is expected to stimulate the expansion of the human insulin market. In 2021, Insulin Lispro—a generic version of the fast-acting analog insulin Humalog—was introduced by Eli Lilly and Company. Due to its half the price of Humalog, patients with diabetes will be able to get it for less money in the US. Because the pharmaceutical class is expected to be less widely adopted, conventional human insulin is expected to develop at a slower compound annual growth rate (CAGR) than analog insulin. The improved efficacy and response rate of analog insulin is the cause of this particular market trend, even though classic human insulin is currently offered in several variations.
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The category for type 1 diabetes is expected to expand at a quicker compound annual growth rate. The increase in type 1 diabetes diagnosis is mostly to blame for this. According to estimations from the International Diabetes Federation (2022), 28,000 children under the age of 19 in Europe are diagnosed with type 1 diabetes annually. This market sector is expected to grow as insulin for type 1 diabetes becomes more widely available in industrialized nations. The type 2 diabetes category is expected to grow at a slower CAGR than type 1 diabetes since people with type 2 diabetes have access to many more treatment choices. Only patients with type 2 diabetes who no longer respond to other treatments are prescribed insulin. Nonetheless, during the past few years, the number of persons with type 2 diabetes who need insulin therapy has increased. As a result, type 2 diabetes will continue to progressively increase during the forecast period.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
Based on the Human Insulin Market study mentioned above, it can be inferred that the global market for embedded hypervisors is anticipated to grow rapidly shortly. The market dynamics, segmentations, status and trends, and major players can all be understood and inferred from the research. It offers information on a range of subjects, including market size, current trends, the competitive environment, and the likelihood of future growth. This makes it possible for the reader to comprehend and obtain trustworthy market and industry data.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product Type | Analogue insulin, Traditional human insulin |
Diabetes | Diabetes Type 1, Diabetes Type 2 |
Distribution | Retail Pharmacies, Hospital Pharmacies, Online Pharmacies, Others |
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List of Competitors | Novo Nordisk A/S, Eli Lilly and Company, Sanofi, Biocon, Tonghua Dong Bao Pharmaceutical Co. Inc., Pfizer Inc., Wockhardt, Julphar, Bristol-Myers Squibb Company, GlaxoSmithKline Plc, Oramed pharmaceutical |
This chapter will help you gain GLOBAL Market Analysis of Human Insulin. Further deep in this chapter, you will be able to review Global Human Insulin Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
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Chapter 11 Market Split by Diabetes Analysis 2019 -2031
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Chapter 12 Market Split by Distribution Analysis 2019 -2031
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Chapter 13 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Human Insulin market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Analogue insulin have a significant impact on Human Insulin market? |
What are the key factors affecting the Analogue insulin and Traditional human insulin of Human Insulin Market? |
What is the CAGR/Growth Rate of Diabetes Type 1 during the forecast period? |
By type, which segment accounted for largest share of the global Human Insulin Market? |
Which region is expected to dominate the global Human Insulin Market within the forecast period? |
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