Press release
The Global Human Insulin Market is slated to reach US$ 70.68 Bn at a CAGR of 8% | Novo Nordisk A/S, Eli Lilly and Company, Sanofi
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Human insulin is a hormone produced by the pancreas that helps regulate blood sugar levels in the body. It is used to treat diabetes, a condition in which the body does not produce enough insulin or is unable to effectively use the insulin it does produce.
The human insulin market is expected to grow significantly in 2022 due to increasing demand for insulin therapies to treat diabetes. This growth is driven by factors such as the growing prevalence of diabetes, the increasing adoption of insulin therapies as a treatment option, and the availability of more advanced insulin products.
There are a number of companies that manufacture and sell human insulin, including large pharmaceutical firms and smaller specialized biotech companies. These products are available in various formulations, including rapid-acting, short-acting, intermediate-acting, and long-acting, and can be administered through injections or insulin pumps.
Companies
Novo Nordisk A/S
Eli Lilly and Company
Sanofi
Biocon
Tonghua Dongbao Pharmaceutical Co., Ltd.
ADOCIA
Wockhardt
Julphar
Merck & Co., Inc.
Pfizer, Inc.
Bristol-Myers Squibb Company
GlaxoSmithKline Plc
Oramed Pharmaceuticals, Inc.
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Key drivers of growth in the human insulin market include the increasing prevalence of diabetes, the increasing adoption of insulin therapies as a treatment option, and the availability of more advanced insulin products.
Overall, the human insulin market is expected to continue growing in the coming years as the demand for insulin therapies to treat diabetes increases. This growth will likely be driven by a number of factors, including the increasing prevalence of diabetes, the increasing adoption of insulin therapies as a treatment option, and the availability of more advanced insulin products.
Competitive Landscape
The key players in human insulin market are on an innovation spree. In other words, modern human insulin is being doled out at a rapid pace. This is evident from the fact that it holds 83.5% of the overall market share. The status quo is expected to remain unchanged even in the forecast period.
Eli Lily and Company, in April 2019, did table Humalog's generic version called Insulin Lispro in the market of the US. It costs half of the existing price of Humalog.
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Key Segments Covered in Human Insulin Market
Human Insulin Market by Type
Modern Human Insulin
Fast-acting
Long-acting
Premix
Traditional Human Insulin
Long-acting
Short-acting
Fast-acting
Premix
Human Insulin Market by Distribution Channel
Retail Pharmacies
Hospital Pharmacies
Online Pharmacies
Human Insulin Market by Type of Diabetes
Diabetes Type 1
Diabetes Type 2
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