Human Insulin Market Size, Share, Opportunities, And Trends By Product Type (Rapid-Acting Insulin, Long-Acting Insulin, Combination Insulin, Biosimilar, Others), By Application (Type 1 Diabetes Mellitus, Type 2 Diabetes Mellitus), By Distribution Channel (Hospitals, Retail Pharmacies, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Dec 2024
- Report Code : KSI061615637
- Pages : 144
The human insulin market is expected to grow at a CAGR of 3.28%, reaching a market size of US$ 27,421.71 million in 2030 from US$ 23,334.45 million in 2025.
Insulin is the hormone that controls sugar levels in the body. Diabetes is a chronic metabolic condition with an abnormal increase in blood glucose or sugar levels. Currently, it has two types. In type 1 diabetes, the pancreatic beta cells are unable to secrete insulin, whereas in type 2, the cells of the body become less sensitive to insulin secretion. With the increasing prevalence of sedentary lifestyles, the incidence of diabetes is anticipated to surge in the insulin market. In addition, favorable reimbursement trends in developed countries are expected to contribute to overall market growth.
What are the Human Insulin Market Drivers?
- Rising cases of diabetes are contributing to the human insulin market growth
Diabetes is a chronic metabolic ailment that has been defined through increased blood glucose levels in the blood hypoglycemia. Humans have human insulin, which is widely used in individualized treatment, insulin replacement in clinical therapy, and specialty treatment to treat and control the disease. However, the demand for insulin is further propelled by the increasing consumption of the drug to treat type 1 diabetes, which controls blood sugar levels and prevents hyperglycemia by providing the essential insulin that does not form in the body. It is used orally and is designed to improve glucose uptake and increase the amount of insulin in the body.
Further, the market is also expanding due to the increasing demand for insulin pump therapy products that provide a continuous flow of insulin all day, mimicking the basal insulin secretion by a healthy pancreas. In addition to that, human insulin is also very important in preventing high or low-glucose shifts in preoperative and critical care environments and, hence, is imperative in lessening surgical complications.
- The growing geriatric population is anticipated to boost the human insulin market.
For the elderly population with diabetes to achieve ideal glycemic control, human insulin is essential. Based on variables including age, medical history, renal function, and general health, it enables tailored treatment and exact dosage modifications to satisfy the unique requirements of elderly people. Moreover, human insulin has been used for more than a century to treat diabetes, thus proving its safety record, making it less dangerous for older people than other more modern treatments.
Additionally, it compares to some of the other medications for diabetes in helping to lower the incidence of hypoglycemia within the older population. This is because diabetic elderly people need human insulin for optimal glycemic control. Age, previous disease history, renal function, and general health are some variables based on which it would provide customized therapeutic and exact dose adjustments to meet the specialized needs of an older person. Further, human insulin has been around for over a century to treat diabetes, thus having a proven safety record and, therefore, less dangerous for older persons than many other new treatments. It also invites comparison with some of the other medications for diabetes in helping to lower the incidence of hypoglycemia in the older population.
- Rapid developments in the synthesis of human insulin are anticipated to boost the human insulin market.
The market is expanding favourably due to the advent of recombinant deoxyribonucleic acid (rDNA) technology that does not require an animal source of insulin and provides a much more stable and reliable source of insulin. Increased harvesting due to continuous manufacturing processes for insulin has made it possible to produce them continuously, thus boosting productivity and efficiency by saving time and cost and enabling immediate reaction to shifts in demand.
Moreover, recent developments in bioprocessing, like advanced media formulation, cell culture practices, and improvements in fermentation, have also contributed to the market development because they help in reducing the cost of production without compromising the product quality. Further, these are the novel developments in advanced processing, emphasizing chromatography, filtration, and affinity-based separation techniques, driving the market towards achieving efficacy and efficiency in insulin purification.
Human Insulin Market Restraints:
- Insufficient health insurance and reduced diagnosis rates are anticipated to hamper the market growth
Due to the acceptance of new medications and other innovations, the increasing consumption of insulin has greatly boosted the demand. However, the market expansion was slightly stunted due to the absence of reimbursement in developing and impoverished countries. For instance, according to an article by PharmaBoardroom, India does not have any reimbursement system from the government for medicines, medical devices, or biologics under any public scheme. Medical devices or biologics are most often out-of-pocket paid in India.
Moreover, the innumerable undiagnosed diabetic patients in developing nations affect the market's overall growth. Patients generally get payments for treatment, but to receive treatment, a diagnosis is needed. In most countries, there is still a high prevalence of untreated diabetes which retards market growth.
Geographical Outlook of the Human Insulin Market:
- North America is witnessing exponential growth during the forecast period.
The high prevalence of diabetes in North America, which is caused by a sedentary lifestyle, has resulted in the United States gaining a stranglehold on the global human insulin market. The cost factor is the biggest concern in the US since domestic insulin producers receive about half of their revenue. The United States accounts for most of the global sales of Lantus, a long-acting insulin. Many diabetes medication manufacturers view the country as a key market to boost global sales. Lantus is the most popular basal insulin worldwide and holds a monopoly on the US market.
Key Launches in the Human Insulin Market:
- In March 2024, researchers created a technology that mimics the pancreas to give insulin responsively in treating diabetes. A novel hydrogel system based on silk that functions similarly to the pancreas may represent a breakthrough in insulin delivery for treating diabetes. By offering a more effective and responsive insulin release mechanism, the novel technique can help people with Type 1 and advanced stage Type 2 diabetes overcome their obstacles.
- In September 2023, Novo Nordisk had a collaboration to start producing human insulin in South Africa as part of their broader pledge to treat diabetics throughout the African continent with life-saving medications. This collaboration will increase the amount of human insulin produced in Africa. It is anticipated that 4.1 million individuals with type 1 and type 2 diabetes will be present throughout Africa by 2026.
The human insulin market is segmented and analyzed as follows:
- By Product Type
- By Application
- Type 1 Diabetes Mellitus
- Type 2 Diabetes Mellitus
- By Distribution Channel
- Hospitals
- Retail Pharmacies
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Others
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Others
- North America
Frequently Asked Questions (FAQs)
Human Insulin Market was valued at US$20,295.964 million in 2021.
Prominent key market players in the human insulin market include Eli Lilly and Company, Sanofi, Novo Nordisk A/S, Biocon, and Boehringer Ingelheim, among others.
The global human insulin market has been segmented by product type, application, distribution channel, and geography.
The human insulin market is anticipated to be driven by an increase in the number of diabetes patients and a rise in the demand for HI analogs.
North America is anticipated to dominate the human insulin market.
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. HUMAN INSULIN MARKET BY PRODUCT TYPE
5.1. Introduction
5.2. Rapid-Acting Insulin
5.3. Long-Acting Insulin
5.4. Combination Insulin
5.5. Biosimilar
5.6. Others
6. HUMAN INSULIN MARKET BY APPLICATION
6.1. Introduction
6.2. Type 1 Diabetes Mellitus
6.3. Type 2 Diabetes Mellitus
7. HUMAN INSULIN MARKET BY DISTRIBUTION CHANNEL
7.1. Introduction
7.2. Hospitals
7.3. Retail Pharmacies
7.4. Others
8. HUMAN INSULIN MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Product Type
8.2.2. By Application
8.2.3. By Distribution Channel
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Product Type
8.3.2. By Application
8.3.3. By Distribution Channel
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Product Type
8.4.2. By Application
8.4.3. By Distribution Channel
8.4.4. By Country
8.4.4.1. United Kingdom
8.4.4.2. Germany
8.4.4.3. France
8.4.4.4. Italy
8.4.4.5. Spain
8.4.4.6. Others
8.5. Middle East and Africa
8.5.1. By Product Type
8.5.2. By Application
8.5.3. By Distribution Channel
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. Asia Pacific
8.6.1. By Product Type
8.6.2. By Application
8.6.3. By Distribution Channel
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. India
8.6.4.4. South Korea
8.6.4.5. Indonesia
8.6.4.6. Taiwan
8.6.4.7. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Eli Lilly and Company
10.2. Sanofi
10.3. Novo Nordisk A/S
10.4. Biocon
10.5. Boehringer Ingelheim
10.6. Tonghua Dongbao Pharmaceutical Co.
10.7. Wockhardt
10.8. Julphar
10.9. Gan & Lee Pharmaceuticals
10.10. Biocon
10.11. Bioton
10.12. Novo Nordisk Pharmatech
10.13. Sigma-Aldrich
10.14. CDH Fine Chemical
10.15. BioGems
Eli Lilly and Company
Sanofi
Novo Nordisk A/S
Biocon
Boehringer Ingelheim
Tonghua Dongbao Pharmaceutical Co.
Wockhardt
Julphar
Gan & Lee Pharmaceuticals
Biocon
Bioton
Novo Nordisk Pharmatech
Sigma-Aldrich
CDH Fine Chemical
BioGems
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