Human Recombinant Insulin Market Is Booming Worldwide 2021-2028 | Novo Nordisk A/S, Eli Lilly and Company, Sanofi S.A., Julphar Gulf Pharmaceutical Industries

Major players are focused on launching novel portfolio of human insulin along with receiving regulatory approvals for their product portfolio of insulin. For instance, Eli Lilly and Company, in August 2014, launched Jardiance (empagliflozin) for an option of treatment for diabetes patients of Type 2 in the U.S. The Jardiance is the sodium glucose co-transporter-2 (SGLT2) inhibitor with patients of Type 2 diabetes. Biocon Limited, in March 2016, collaborated with the LaboratoriosPiSA S.A de CV (PiSA) for jointly developing and selling the generic recombinant human insulin within the U.S. Biocon is expecting the product launch till 2020 within the U.S. Novo Nordisk, in February 2018, launched Fiaspa: the mealtime fast-acting insulin within the U.S. Fiaspa got the approval from the U.S. Food and Drug Administration and indicated for improving glycemic control within adults having type 1&2 diabetes. The U.S. Food and Drug Administration (FDA), in December 2017, approved Admelog by Sanofi. Admelog is the mealtime follow-on insulin that helps people suffering from diabetes managing blood sugar levels during mealtime.

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Efficient management diabetes and ease of its use creates requirement for advancements within present solutions of insulin along with its delivery systems both, thereby, providing decreased patient discomfort. The Glucose Responsive Insulin (GRI) or the smart insulin is the new technology for individuals with diabetes that functions by reacting automatically to fluctuations of blood sugar within body, responding to changing levels of blood glucose. The higher or lower levels of blood sugar results in less or more insulin release, respectively. The smart insulin reduces number of regular tests of blood needed along with minimizing the amount of daily insulin injection doses. Researchers by the University of North Carolina are working upon a smart patch of insulin. For instance, researchers in 2015 reported that, the smart insulin patch could use a system of micro-needles to detect high levels of blood glucose automatically and appropriately administer insulin. Major market players are implementing strategies of inorganic growth for developing and introducing smart insulin technologies within the market. For instance, Eli Lilly and Company, in February 2016, acquired Glycostasis, Inc., the startup company focused on developing smart insulin. The Eli Lilly and Company is engaged on development of technology of ‘smart insulin’ by Glycostasis.

Key takeaways of the Human Recombinant Insulin Market:

The global human recombinant insulin market is expected to proliferate at a 7.2% CAGR over the forecast period (2018 – 2026), due to rising advancements in technology of recombinant human insulin through several key players.

Long-acting human insulin segment is expected to account for a major share in the segment of product type, over the forecast period due to their higher ability and efficiency for offering consistent insulin delivery during the day, for 24 hours.

Other brands account for a major share in the brand segment, owing to the presence of novel portfolio of human recombinant insulin with raised period of patent expiry including Toujeo, Tresiba, and Basaglar, which is further expected to foresee higher share in the market, over the forecast period.

On the basis of distribution channel, retail pharmacies segment holds dominant position in the market. Since retail pharmacies provide direct access of the complete range of products for diabetes, covering all the prescriptions along with products that are over-the-counter for the diabetic patients.

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Human Recombinant Insulin Market – Competitive Landscape

Key players functioning in the global prosthetic liners market consists of Novo Nordisk A/S, Eli Lilly and Company, Sanofi S.A., Julphar Gulf Pharmaceutical Industries, Biocon Limited, Bioton S.A., Gan & Lee Pharmaceuticals, Ltd., Zhuhai United Laboratories Co., Ltd., Wanbang Biopharmaceuticals Co., Ltd. and Dongbao Enterprise Group Co., Ltd.

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