Human Insulin Market to Grow to be Valued USD 43.33 Billion by 2025
Growing diabetic population to drive global human insulin market during forecast period
According to TechSci Research report, “Global Human Insulin Market By Indication (Type I Diabetes, Type II Diabetes), By Brand (Lantus, Humulin R, Novolin R, Humulin N, Exubera, Afrezza, Novolin N), By Route of Administration (Subcutaneous, Transdermal, Nasal, Intravenous, Oral and Others), By Type (Basal, Bolus, Pre-mixed, Biosimilar, Traditional), By Onset Time (Rapid acting, Short-acting, Intermediate acting, Long acting, Pre-Mixed, Inhaled, Ultra-long Acting), By Products (Insulin Pens, Insulin Pumps, Infusion System, Injections), By Region, Forecast & Opportunities, 2025”, Global human insulin market was valued at USD 26.91 Billion in 2019 is expected to grow at a steady CAGR of 8.01% during the forecast period. Growing geriatric population, growing global diabetic population, rising prevalence of obesity, and increasing demand for human insulin analogs are contributing to the growing demand for human insulin to control the blood sugar levels in the body. Diabetes is a chronic disorder which further makes the body prone to many more diseases, thus it is quite important to handle the glucose levels of the body in an efficient way. In the past few years, diabetes has not only been limited to the geriatric population, but young population is equally prone to diabetes. Technology advancements and urbanization have resulted in reduced physical activities which are required for a healthy body. This kind of unhealthy lifestyle makes people prone to obesity, diabetes and many other chronic diseases; consequently, driving the human insulin market, globally. However, the complexity and the expensiveness of the product might restrain the market as every diabetic patient might not be able to afford human insulin and hence, shifts to conventional medicines.
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The global human insulin market is segmented on the basis of indication, brand, route of administration, type, onset type, products and region. Based on indication, global human insulin market can be segregated into type I diabetes and type II diabetes. Type I diabetes is leading the market as all the patients suffering from Type I insulins are consuming human insulin as the primary method of treatment.
Some of the leading players in global human insulin market include Nektar Therapeutics, MannKind Corporation, Novo Nordisk A/S, Torrent Pharmaceuticals, Inc., Eli Lilly and Company, A-S Medication Solutions, RemedyRepack Inc., Sedico Co., Pharmaceutical Company, Sanofi S.A., Gan & Lee Pharmaceuticals, BioGenomics Ltd., Pfizer Inc., PerkinElmer, Merck & Co., Inc, Biocon Limited, Wockhardt Ltd., Ypsomed AG, Becton Dickinson and Company, B. Braun Melsungen AG, Baxter International Inc., etc. In order to expand their market share, the companies adopt various strategies including organic and inorganic like mergers & acquisition. For instance, Eli Lilly and Boehringer Ingelheim GmbH, the two renowned biotech & pharma companies in the healthcare sector have joined hands to develop Basaglar (Insulin Glargine) for better and advanced treatment of diabetic patients.
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“In terms of regional analysis, North America dominated the global human insulin market in 2019 due to increasing cases of diabetes in countries like United States and Canada. However, Asia-Pacific region is expected the fastest growing region as it comprises of countries like China and India which have high prediabetic and diabetic population. Additionally, rising awareness pertaining to the use of human insulin in diabetes and strong distribution network of leading product manufacturers is anticipated to positively impact the growth of the market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Human Insulin Market By Indication (Type I Diabetes, Type II Diabetes), By Brand (Lantus, Humulin R, Novolin R, Humulin N, Exubera, Afrezza, Novolin N), By Route of Administration (Subcutaneous, Transdermal, Nasal, Intravenous, Oral and Others), By Type (Basal, Bolus, Pre-mixed, Biosimilar, Traditional), By Onset Time (Rapid acting, Short-acting, Intermediate acting, Long acting, Pre-Mixed, Inhaled, Ultra-long Acting), By Products (Insulin Pens, Insulin Pumps, Infusion System, Injections), By Region, Forecast & Opportunities, 2025”, has evaluated the future growth potential of global human insulin market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global human insulin market.
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