Global Insulin Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Insulin is a hormone; a chemical messenger produced in one part of the body to have an action on another. It is a protein responsible for regulating blood glucose levels as part of metabolism. The body manufactures insulin in the pancreas, and the hormone is secreted by its beta cells, primarily in response to glucose. The beta cells of the pancreas are perfectly designed “fuel sensors” stimulated by glucose.
Global Insulin Market Segments Size & Growth:
Global Insulin Market size is projected to reach approximately $ 39.24 billion by the end of 2024 with a CAGR of close to 8.3% from $27.3 billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include Growth in the Number of Diabetic Patients, Increasing Population Exposure to Key Risk Factors Leading to Diabetes, Rising Market Demand for HI Analogs, Technological Advancements in HI Delivery Devices, and Favourable Medical Reimbursement Scenario in Developed Countries. However, Stringent Regulatory Requirements for Product Approvalisthereby hampering the market growth.
Global Insulin Market Segments Share:
Global Insulin Market is categorised into product type which comprises of drugs, and Delivery Devices. Among
Global Insulin Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
them, Drugs segment is expected to have largest market size during the forecast period because of its excess demand, rising proportion of the ageing population in developed countries, and Others. By Type, the market is segmented intoInsulin Analogs, Biosimilars, and Biologics. Among them, Biosimilars segment is expected to have most significant market share during the forecast period because of its low-cost therapy. By Delivery Devices, the market is segmented into Syringes, Pens, and Pen Needles. Among them, Pens segment is expected to have largest market share during the forecast period because of the emerging markets in the APAC countries. By Application, the market is segmented into Type I Diabetes, and Type II Diabetes. By Geography, North America holds the largest market share and is expected to maintain its dominant position with a share of 67% during the forecast period. The changing lifestyle and lifestyle-related disorders are increasing the number of diabetic patients. High investments and involvement of more and more companies in research and development of insulin analogues and many ongoing clinical trials have created an environment for higher market growth
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Global Insulin Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
shortly.
Global Insulin Market Trends:
- Technologies are being explored to make the noninvasive delivery of insulin possible. Some of the routes of insulin administration that are under investigation are oral, buccal, nasal, peritoneal and transdermal.
- BD launches the first syringe designed for use with Humulin R U-500 Insulin.
Global Insulin Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities b an analyst to the individual and organisation to have a better foothold in the market.
The major market players, such as
- NOVO Nordisk A/S
- Eli Lilly and Company
- Becton, Dickinson and Company
- GlaxoSmithKline Plc
- Merck & Co.
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