According to the latest report by IMARC Group “Human Insulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global human insulin market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during the forecast period (2021-2026).
Human insulin (HI) is a type of synthetic insulin produced in laboratories for pharmaceutical purposes. It mimics the functions of natural insulin present in the body. It also assists in improving the protein synthesis and controlling the blood sugar levels of diabetic patients. At present, HI drug is available around the world as a solution or suspension that can be injected subcutaneously.
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Market Trends:
The growing prevalence of obesity and diabetes among individuals due to sedentary lifestyles represents one of the key factors driving the market. Apart from this, there is a significant rise in the demand for biosimilar drugs on account of their cost-effectiveness and higher efficiency, which, in turn, is also supporting the growth of the market. Furthermore, the key players are introducing pen devices and safety pen needles for improved delivery of insulin to the body. This, in confluence with the increasing research and development (R&D) activities, isacting as another growth-inducing factor.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Human Insulin Market Coverage and Segmentation 2021-2026:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- B. Braun Melsungen AG
- Becton Dickinson & Company
- Biocon
- Eli Lilly and Company
- Julphar
- Novo Nordisk
- Pfizer
- Sanofi
- Sedico
- Wockhardt
- Ypsomed Holding, etc.
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The report has segmented the market on the basis of Product Type, End-User and Region.
Breakup by Product Type:
- Drugs
Human Insulin Analogs and BiosimilarsRapid Acting
Long Acting
Premixed
Human Insulin BiologicsShort Acting
Intermediate Acting
Premixed
- Delivery Devices
PensReusable Pens
Disposable Pens
Pen NeedlesStandard Pen Needles
Safety Pen Needles
Syringes
Others
Breakup by Distribution Channel:
- Retail Pharmacies
- Hospital Pharmacies
- Online Retail Stores
- Others
Breakup by Disease Type:
- Type I Diabetes
- Type II Diabetes
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
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