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Human Insulin Market Size Forecasted to Reach USD 24.71 Billion By 2031, Fueled by Rising Diabetes Prevalence and Treatment Advancements

05-17-2024 04:14 PM CET | Health & Medicine

Press release from: SNS Insider

Human Insulin Market Size Forecasted to Reach USD 24.71 Billion

The Human Insulin Market Size was valued at USD 19.21 billion in 2023 and is projected to reach USD 24.71 billion by 2031 and grow at a compound annual growth rate (CAGR) of 3.2% over the forecast period of 2024-2031. Driving this sustained market expansion is the escalating prevalence of diabetes globally coupled with ongoing therapeutic innovations enhancing insulin delivery systems and next-generation insulin analogue development.

Human insulin represents the primary pharmacological treatment for millions of patients worldwide living with diabetes mellitus, a chronic metabolic disorder characterized by elevated blood glucose levels resulting from dysfunctions in insulin production and/or cellular response. Diabetes afflicts over 537 million adults globally according to the International Diabetes Federation, with cases continuing to rise annually fueled by obesity, sedentary lifestyles and population aging.

"Insulin therapy is absolutely essential for regulating glycemic control in diabetic patients to prevent potentially life-threatening complications like cardiovascular disease, neuropathy, nephropathy and retinopathy," said Dr. Rita Kalyani, Associate Professor of Medicine at Johns Hopkins University. "As diabetes rates continue escalating worldwide, the central role of insulin in disease management becomes ever more vital."

Download Free Sample Report of Human Insulin Market @ https://www.snsinsider.com/sample-request/2854

Rising Diabetes Prevalence Fueling Demand
The primary driving force behind the human insulin market's growth projections is the inexorable rise in diabetes diagnoses globally, creating larger patient populations requiring insulin therapy. According to the Centers for Disease Control and Prevention (CDC), over 37 million Americans have diabetes currently - representing nearly 12% of the total U.S. population. Even more alarming, diabetes prevalence in the U.S. has nearly doubled over the past 20 years.

This epidemiological trend is evident worldwide as well. The International Diabetes Federation reports the total number of diabetic adults is expected to surge by over 25% to 643 million individuals by 2030, largely fueled by risk factors like obesity, poor diet, lack of physical activity and population aging across both developed and developing nations. As diabetes diagnoses escalate, so too does the demand for insulin treatments to manage glycemic control and mitigate disease progression.

"Given insulin's unparalleled efficacy, diabetes prevalence rates directly translate into greater utilization of insulin therapies for these chronic patient populations," noted Dr. Kalyani. "From a public health and market standpoint, insulin will remain a critical component of combating this global diabetes pandemic."

Insulin Analogue and Delivery Advancements
While human insulin, originally derived from recombinant DNA technology in the 1980s, represented a groundbreaking therapeutic advancement, continual innovation has enhanced glycemic control through insulin analogues and advanced delivery systems. Insulin analogues are bioengineered with modified molecular structures to improve characteristics like their onset of action, duration, absorption rates and immunogenicity profiles compared to human insulin formulations.

For instance, next-generation rapid-acting insulin analogues like Fiasp by Novo Nordisk are enabling patients to administer insulin simultaneously with meals rather than preemptively for improved postprandial glycemic control. Additionally, long-acting basal insulin analogues like Lantus and Tresiba facilitate steadier 24-hour glycemic regulation with fewer hypoglycemia risks compared to older insulin formulations.

In parallel, innovations in insulin delivery mechanisms like continuous subcutaneous insulin infusion pumps and "smart" insulin pens are simplifying dosing precision and patient adherence. Automated insulin delivery systems integrated with continuous glucose monitoring are even ushering in the era of semi-automated "closed-loop" insulin therapy approaching the long-sought artificial pancreas. Major insulin manufacturers like Eli Lilly, Novo Nordisk, Sanofi and others are aggressively investing in these next-generation insulin programmes across their R&D pipelines.

"The interplay of insulin analogues with advanced delivery technologies is really pushing the boundaries of what's possible in terms of safe and effective diabetes management through insulin therapy," stated Dr. Kalyani. "Patients today have far more precise and customized treatment options than ever before for optimizing their glucose control."

List of Human Insulin Companies Profiled in Report:
• B. Braun Meselgen AG
• Becton Dickinson and Company
• Biocon Ltd.
• Biodel Inc.
• Cellenovo
• Companion Medical Inc.
• Eli Lilly and Company
• Emperra Gmbh E-Health Technologies
• F Hoffmann-La Roche
• Insulet Corporation
• Julphar
• Medtronic Inc
• Novo Nordisk
• Sanofi
• Tandem Diabetes Care
• Valeritas Inc.
• Wockhardt Ltd.
• Ypsomed AG

(To view Full list of companies, Ask for Sample Report)

Have Any Query? Ask Our Experts @ https://www.snsinsider.com/enquiry/2854

Market Segmentation and Regional Outlook
By Type:
• Traditional human insulin
• Analogue insulin

By Diabetes Type:
• Type 1
• Type 2

By Distribution Channel:
• Hospital Pharmacy
• Online pharmacy
• Retails

Within the overall human insulin market, the rapid-acting insulin analogue segment is forecasted to experience the highest growth aligned with its enhanced glycemic benefits. However, the long-acting basal insulin segment will likely retain the largest share due to its widespread clinical utilization.

When segmented by diabetes type, the majority of market revenue derived from insulin use in type 1 diabetes where insulin therapy is essential to survival. That said, the robust growth trajectory stemmed from escalating type 2 diabetes rates, as insulin becomes a more common treatment addition for advanced disease management.

From a distribution perspective, the traditional hospital pharmacy segment commanded the largest share in 2022, reflecting the delivery of insulin across inpatient settings. Nevertheless, the retail pharmacy and online pharmacy segments are poised for accelerated growth providing streamlined affordability and patient access.

Geographically, North America represents the largest human insulin market presently driven by high treatment rates, availability of advanced therapies and favorable reimbursement dynamics. However, the Asia-Pacific region, led by China and India, is expected to be the fastest-growing market through 2031 as diabetes prevalence and healthcare access expands across this population-dense region.

Key Takeaways:
- Human insulin market projected to grow from $19.21B in 2023 to $24.71B by 2031
- 3.2% CAGR forecast amid escalating global diabetes prevalence
- Over 537M diabetics worldwide requiring insulin therapy; cases rising annually
- Innovations in insulin analogues and delivery systems enhancing glycemic control
- Rapid-acting analogue segment to see highest growth; long-acting to retain largest share
- North America leads but Asia-Pacific region poised for most rapid market expansion
- Focus on access, affordability of insulin treatments across pharmacy channels

Check Discount on This Report @ https://www.snsinsider.com/discount/2854

As diabetes remains one of the most widespread and debilitating chronic diseases globally, insulin therapy will retain its indispensable role in disease management for the foreseeable future. While challenges involving insulin affordability, research into disease-modifying therapies persist, the incremental improvements in insulin formulations and administration mechanisms will continue driving market growth. With an unwavering focus on optimizing glycemic control while enhancing quality of life for diabetic patients, next-generation innovations in the insulin landscape remain a priority across healthcare and industry.

Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Human Insulin Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter's 5 forces model
Chapter 7 PEST Analysis
Chapter 8 Human Insulin Market Segmentation, By Type
Chapter 9 Human Insulin Market Segmentation, By Diabetes Type
Chapter 10 Human Insulin Market Segmentation, By Distribution Channel
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
Continued…

Browse Complete Human Insulin Market Report Details @ https://www.snsinsider.com/reports/human-insulin-market-2854

Contact Us:
Akash Anand - Head of Business Development & Strategy
info@snsinsider.com
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)

About US:
SNS Insider has been a leader in data and analytics globally with its authentic consumer and market insights. The trust of our clients and business partners has always been at the center of who we are as a company. We are a business that leads the industry in innovation, and to support the success of our clients, our highly skilled engineers, consultants, and data scientists have consistently pushed the limits of the industry with innovative methodology and measuring technologies.

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