Global Insulin
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Insulin market size was USD 17.25 Billion in 2022 and it is forecasted to reach USD 26.54 Billion in 2030. Insulin Industry's Compound Annual Growth Rate will be 5.2% from 2023 to 2030.
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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As per Cognitive Market Research's latest published report, the Global Insulin market size was USD 17.25 Billion in 2022 and it is forecasted to reach USD 26.54 Billion in 2030. Insulin Industry's Compound Annual Growth Rate will be 5.2% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Insulin Market Sales Revenue 2022 | $ 17.25 Billion |
Global Insulin Market Sales Revenue 2030 | $ 26.54 Billion |
Global Insulin Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.2% |
Market Split by Source |
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Market Split by Application |
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Market Split by Mode of Action |
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Market Split by Distribution Channel |
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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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Insulin Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The pancreas secretes the hormone insulin, which aids in controlling blood glucose (sugar) levels. It enables the storage of glucose for later consumption or its usage as fuel by cells. In order to tell cells to take up glucose from the circulation when blood glucose levels are high, such as after a meal, insulin is released into the bloodstream. Without insulin, cells cannot utilize glucose effectively, resulting in elevated blood glucose levels that, over time, can cause a number of health issues. Diabetes patients who are unable to manufacture enough insulin on their own might also take insulin as a medicine.
The main factors behind the growth of the global insulin market are the prevalence of diabetes and the rising number of prescriptions for medications like GLP-1 RAs to treat type 2 diabetes. Moreover, populations who are older and obese are more prone to chronic illnesses. The senior population worldwide was estimated by the World Bank Group to be over 727 million in 2020. Over the next three decades, this population is projected to quadruple, reaching almost 1.5 billion in 2050. Moreover, it is anticipated that during the projected period, rising R&D spending in the healthcare industry will fuel market expansion. Yet, the market's expansion may be hampered by strict insulin laws and restrictions. Moreover, the negative effects of insulin, such as hypoglycemia, can hinder the market's expansion.
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The price of Eli Lilly and Company's most frequently prescribed insulins cost reduced by 70%, and the Insulin Value Program, which limits patients' out-of-pocket expenses to $35 per month or less, will be expanded. Lilly is taking these measures to make Lilly insulin more accessible and to assist Americans who might struggle to navigate a convoluted healthcare system, which might prevent them from obtaining inexpensive insulin.
Top Companies Market Share in Insulin Industry: (In no particular order of Rank)
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Due to the popularity of branded products, the rising prevalence of diabetes, and the rising number of obese people in this region, North America is currently dominating the global insulin market. 11.3 percent of the population, or 37.3 million people of all ages, had diabetes in 2019, according to the U.S. Department of Health and Human Services. In the US, there were 37.1 million adults who were 18 years of age or older. The APAC area, on the other hand, is regarded as the second-largest market for insulin. This is brought on by the region's rising type 2 diabetes prevalence. The growth of type 2 diabetes in South Asians can be explained in part by recent environmental changes, epidemiological transitions, and lifestyle changes (such as dietary and physical activity modifications).
The current report Scope analyzes 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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Global 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 Insulin Industry growth. Insulin market has been segmented with the help of its Source, Application Mode of Action, and others. 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.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Insulin market.
Source of Insulin analyzed in this report are as follows:
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Based on applications, the market is bifurcated into Type 1 Diabetes Mellitus, and Type 2 Diabetes Mellitus. Type 2 Diabetes Mellitus is the largest contributor to the market, owing to its high prevalence due to changing lifestyles, epidemiological transitions, and lifestyle changes.
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Based on distribution channels, the market is segmented into retail pharmacies, hospitals, and others. Retail pharmacies segment is dominating the market, owing to the rising burden of disease, the feasibility of home care patients, and various discounts offered by retail pharmacies.
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.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Insulin Market is witnessing significant growth in the near future.
In 2023, the Modern Insulin segment accounted for noticeable share of global Insulin Market and is projected to experience significant growth in the near future.
The Type 1 Diabetes Mellitus segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Novo Nordisk, Sanofi Aventis and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
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:
Source | Modern Insulin, Human Insulin |
Application | Type 1 Diabetes Mellitus, Type 2 Diabetes Mellitus |
Mode of Action | Rapid-Acting, Short-Acting, Intermediate-Acting, Premixed, Long-acting |
Distribution Channel | Retail Pharmacies, Hospitals, Others |
List of Competitors | Novo Nordisk, Eli Lilly, Sanofi Aventis, Tonghua Dongbao, Ganlee, United Laboratory, Jiangsu Wanbang |
This chapter will help you gain GLOBAL Market Analysis of Insulin. Further deep in this chapter, you will be able to review Global 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
Only Available with Corporate User License
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.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Source Analysis 2019 -2031, will provide market size split by Source. 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 Source Analysis 2019 -2031
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 11 Market Split by Application Analysis 2019 -2031
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 12 Market Split by Mode of Action Analysis 2019 -2031
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 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global 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 Modern Insulin have a significant impact on Insulin market? |
What are the key factors affecting the Modern Insulin and Human Insulin of Insulin Market? |
What is the CAGR/Growth Rate of Type 1 Diabetes Mellitus during the forecast period? |
By type, which segment accounted for largest share of the global Insulin Market? |
Which region is expected to dominate the global Insulin Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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