Press release
Launch Of New Programs To Improve Patient Care And Trip Efficiency Trend: A Crucial Influence on the Non-injectable Insulin Market Share's Transformation in 2025
How Are the key drivers contributing to the expansion of the non-injectable insulin Market Share?The escalating incidences of obesity and diabetes are anticipated to fuel the advancement of the non-injectable insulin Market Share. Obesity is defined as a condition where there is an abnormal or excessive fat accumulation in the body, typically due to a disparity between caloric intake and caloric expenditure. Meanwhile, diabetes mellitus, commonly known as diabetes, encompasses a collection of metabolic diseases marked by elevated blood sugar levels over an extended period. Non-injectable insulin, utilized in the treatment of diabetes and obesity, offers the possibility of enhancing care by tackling obstacles to insulin therapy, providing potential weight management benefits, and making treatment more convenient. For example, in 2022, the Switzerland-based non-governmental organization, World Heart Federation, predicted a surge in global obesity rates, with around 2.3 billion people, encompassing both children and adults, struggling with overweight and obesity in 2021. This number is forecasted to rise to 2.7 billion by 2025. In addition, a report released by the British Diabetic Association, a diabetes charity based in the UK, revealed that as of April 2023, 4.3 million people in the UK have diabetes, and over 2.4 million are at a high risk of developing type 2 diabetes. Compared to the prior year, the enrolment figures for 2021-22 saw an increase by 148,951. Consequently, the non-injectable insulin Market Share is expected to grow due to the rising issues of obesity and diabetes.
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What growth opportunities are expected to drive the non-injectable insulin Market Share's CAGR through 2034?
Recently, the size of the non-injectable insulin Market Share has seen substantial growth. The Market Share size is projected to increase from $1.92 billion in 2024 to $2.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 12.1%. This remarkable growth during the historic period is linked to factors such as better patient compliance, addressing fear of needles, augmentation of life quality, easy administration, and consistent control of blood glucose levels.
Expectations are high for the non-injectable insulin Market Share size to experience speedy expansion in the upcoming years. At a compound annual growth rate (CAGR) of 10.1%, it is predicted to reach $3.17 billion by 2029. Key factors driving this growth include an enduring focus on patient compliance, consistent solutions for needle fear, ongoing improvements in the quality of life, incessant safety advancements, and a decrease in the risk of injury and infection. In the forecast period, the key trending factors include advancements in technology, the development of tech-driven solutions, digital health incorporation, the use of nanotechnology, and combination therapies.
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What are the emerging trends shaping the future of the non-injectable insulin Market Share?
Leading enterprises in the non-injectable insulin Market Share are concentrating on pioneering advancements in drug delivery mechanisms, such as needle-less oral insulin sprays, to enhance the quality of life for those who control their diabetes with numerous insulin injections. A needle-less insulin spray provides a pain-free and needle-less solution for controlling blood glucose, presenting a hassle-free choice as the dosage can be sprayed straight into the mouth. For example, NiedlFree Technologies, an Indian technology platform, launched Ozulin, an oral insulin spray, in November 2023. This oral insulin spray is designed to provide a more user-friendly approach for people with diabetes, especially those who may struggle with conventional injectable insulin procedures. If green-lighted, Ozulin could potentially transform the lives of diabetics, presenting a more convenient and painless substitute to insulin injections.
Which growth-oriented segments of the non-injectable insulin Market Share are leading the industry's development?
The non-injectable insulin Market Share covered in this report is segmented -
1) By Type: Synthetic Insulin, Semi Synthetic Insulin
2) By Product: Pills, Sprays, Other Products
3) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Drug Stores
Subsegments:
1) By Synthetic Insulin: Rapid-Acting Synthetic Insulin, Short-Acting Synthetic Insulin, Intermediate-Acting Synthetic Insulin, Long-Acting Synthetic Insulin
2) By Semi-Synthetic Insulin: Modified Insulin Analogs, Combination Insulins, Biosimilar Insulins, Insulin With Extended Release Formulations
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What regions are leading the charge in the non-injectable insulin Market Share?
North America was the largest region in the non-injectable insulin Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-injectable insulin Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the non-injectable insulin Market Share?
Major companies operating in the non-injectable insulin Market Share report are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca, Abbott Laboratories, GlaxoSmithKline, Takeda Pharmaceutical, Eli Lilly and Company, Boehringer Ingelheim, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Mylan N.V., Sun Pharmaceutical Industries Ltd., Ipsen S.A., Cadila Healthcare Limited, Dr. Reddy's Laboratories Limited, Cipla Limited, Lupin Pharmaceuticals, Glenmark Pharmaceuticals, Torrent Pharmaceuticals, Biocon Limited, Wockhardt Limited
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What Is Covered In The Non-injectable Insulin Global Market Share Report?
•Market Share Size Forecast: Examine the non-injectable insulin Market Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the non-injectable insulin Market Share for a structured understanding.
•Key Players Overview: Analyze major players in the non-injectable insulin Market Share, including their Market Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the non-injectable insulin Market Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the non-injectable insulin Market Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the non-injectable insulin Market Share.
•Industry Challenges: Identify potential risks and obstacles affecting the non-injectable insulin Market Share.
•Competitive Landscape: Review strategic developments in the non-injectable insulin Market Share, including expansions, agreements, and new product launches.
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