Press release
Human Insulin Market to cross US$ 49,197.3 Mn with expected to grow at a CAGR of 12.4% from 2022 to 2031
Human Insulin Market 2022-2027
The Human Insulin Market is expected to climb up the ladder of persistence in the next decade. With various healthcare apps on the anvil, there are also mindfulness apps being tabled. They fall in the category of "Wellness apps". With the world wishing for the post-Covid era to function smoothly, these wellness apps are expected to take the healthcare vertical by storm further.
According to a new market report published by Persistence Market Research "Global Market Study on Human Insulin: Asia Pacific to Witness fastest Growth by 2027," the global human insulin market was valued at USD 24,332.6 million in 2021 and was expected to grow at a CAGR of 12.4% from 2021 to 2027, to reach an estimated value of USD 49,197.3 million in 2027.
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Globally, the human insulin market is witnessing significant growth due to increasing prevalence of diabetes and increasing awareness among people about diabetes care. In addition, technological advancements in insulin delivery devices and increasing prevalence of lifestyle related disorders such as obesity are also driving the growth of the market.
However, uneven pricing and limited access to human insulin in emerging countries such as Brazil, India, and China are inhibiting the growth of the human insulin market. In addition, strict regulatory requirements for drug approval are also restraining the growth of the market.
Some of the major players in the human insulin market:
Novo Nordisk A / S.
Eli Lilly and Company.
Sanofi.
Biocon.
Tonghua Dongbao Pharmaceutical Co., Ltd.
Adocia, Merck & Co., Inc.
Pfizer, Inc.
Wockhardt.
Julphar.
Bristol-Myers Squibb Company.
GlaxoSmithKline Plc.
Oramed Pharmaceuticals, Inc.
Other.
In North America, increasing prevalence of diabetes with growing age and availability of advanced human insulin infusion devices are driving the use of human insulin in the market.
In addition, increasing prevalence of lifestyle associated disorders such as obesity is also boosting the growth of the human insulin market in this region. For instance, according to the Centers for Diseases Control and Prevention (CDC), a U.S.-based national public health institute, over one-third children and adolescents were obese in 2012 in the U.S.
In Europe, the human insulin market is driven by rising aging population and increasing prevalence of diabetes. In addition, in Germany the market is evolving due to rising prevalence of diabetes and increasing awareness among people about diabetes care. However, in Asia-Pacific the growth for human insulin is much higher than developed countries due to increasing prevalence of diabetes and increasing government initiatives for improving healthcare.
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The human insulin market is segmented as follows:
Human insulin market, by type
Traditional human insulin
Modern human insulin
Traditional human insulin market, by type
Short acting human insulin
Intermediate acting human insulin
Premixed human insulin
Modern human insulin market, by type
Rapid-acting human insulin
Long-acting human insulin
Premixed human insulin
Human insulin market, by disease
Type 1 diabetes
Type 2 diabetes
Traditional human insulin market, by brand
Humulin
Insuman
Others
Modern human insulin market, by brand
Lantus
Novolog
Humalog
Levemir
Novomix
Apidra
Others
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Report Highlights:
Detailed overview of parent market
Changing market dynamics of the industry
In-depth market segmentation
Historical, current and projected market size in terms of value
Recent industry trends and developments
Competitive landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
Must-have information for market players to sustain and enhance their market footprint
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