Biosimilar Insulin Market Set for Explosive Growth - Key Trends & 14.2% CAGR by 2031 | Biocon, Gan&Lee, Wockhardt, Eli Lilly, Sanofi

Los Angeles, United States - QY Research has unveiled its latest study titled "Global Biosimilar Insulin Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031." This newly released report delivers a comprehensive overview of the global Biosimilar Insulin market, analyzing the forces shaping its growth trajectory and providing valuable insights for stakeholders, investors, and industry professionals. the research covers key areas including market dynamics, segmentation, regional performance, competitive landscape, and emerging technology trends that are redefining industry standards. Backed by reliable data and expert analysis, the report serves as a trusted guide to understanding both microeconomic and macroeconomic factors driving market evolution.

The global market for Biosimilar Insulin was estimated to be worth US$ 3329 million in 2024 and is forecast to a readjusted size of US$ 8329 million by 2031 with a CAGR of 14.2% during the forecast period 2025-2031.

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Biosimilar insulin is a biological copy of an original insulin and there is increasing interest in developing and using them. Biosimilar insulins (hereafter called biosimilars or follow-on biologics) are designed to be highly similar to the original, or reference, insulin product described in a patent. They are analogous to generic versions of small-molecule drugs and are developed by companies other than the reference product's patent holder. Producers of biosimilars use manufacturing techniques that are similar, but likely not identical to, those used by the original patent holder. Thus, although a biosimilar and its reference insulin product will have the same amino acid sequence, they may differ slightly in their more subtle molecular characteristics and clinical profiles.

Global Biosimilar Insulin key players include Biocon, Gan&Lee, Wockhardt, Eli Lilly, Sanofi etc. Global top three players hold a share over 70%.

Competitive Landscape: -

Eli Lilly
Sanofi
Gan&Lee
Tonghua Dongbao
United Laboratory
Geropharm
Biocon
Wockhardt

The competitive landscape is a must-have information for the market players to withstand the competition present in the global Biosimilar Insulin market. This further helps the market participants to develop effective strategies to optimize their market positions. Moreover, the competitive analysis helps them to determine potential advantages as well as barriers within the global Biosimilar Insulin market. This way, they can monitor how their competitors are implementing various strategies including pricing, marketing, and distribution.

Market Drivers and Challenges -

The biosimilar insulin market is primarily driven by the growing demand for affordable diabetes management solutions. As the prevalence of diabetes continues to rise globally, especially in emerging markets, there is an increasing need for cost-effective alternatives to branded insulin products. Biosimilar insulins offer similar therapeutic effects as their originator counterparts but at a lower price, making them more accessible to patients and healthcare systems. Additionally, the expiration of patents for several major insulin products has opened the door for the introduction of biosimilars, further driving market growth. The increasing adoption of biosimilars in both developed and developing countries is expected to continue, as they help reduce the financial burden on healthcare systems while maintaining high standards of care.

However, the biosimilar insulin market faces challenges related to regulatory approval processes and market acceptance. Biosimilars, although similar in composition, are not identical to their reference biologics, leading to concerns over safety and efficacy, particularly in long-term use. Regulatory bodies require rigorous testing and clinical trials to ensure that biosimilar insulins meet the necessary standards, which can delay their entry into the market. Furthermore, the market is also challenged by resistance from healthcare professionals and patients who may be hesitant to switch from branded to biosimilar insulin due to unfamiliarity or perceived risks. Additionally, competition from other diabetes therapies, such as oral medications and innovative insulin delivery devices, could also impact the growth of the biosimilar insulin market.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Detailed of Biosimilar Insulin Market Segmentation -

The report offers great insights into important segments of the global Biosimilar Insulin market while concentrating on their CAGR, market size, market share, and future growth potential. The global Biosimilar Insulin market is mainly segmented according to type of product, application, and region. Each segment in these categories is extensively researched to become familiar with their growth prospects and key trends. Segmental analysis is highly important to identify key growth pockets of a global market. The report provides specific information on the market growth and demand of different products and applications to help players to focus on profitable areas of the global Biosimilar Insulin market.

Segmentation By Type :-

Biosimilar Insulin Glargine
Biosimilar Insulin Lispro
Other

Segmentation By Application -

Hospital
Retail Pharmacy
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

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Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Biosimilar Insulin Market Report Objectives -

(1) Analyzing the size of the global Biosimilar Insulin market on the basis of value and volume

(2) Accurately calculating the market shares, consumption, and other vital factors of different segments of the global Biosimilar Insulin market

(3) Exploring key dynamics of the global Biosimilar Insulin market

(4) Highlighting important trends of the global Biosimilar Insulin market in terms of production, revenue, and sales

(5) Deeply profiling top players of the global Biosimilar Insulin market and showing how they compete in the industry

(6) Studying manufacturing processes and costs, product pricing, and various trends related to them

(7) Showing the performance of different regions and countries in the global Biosimilar Insulin market

(8) Forecasting the market size and share of all segments, regions, and the global market.

Important Questions Answered included in the Report:-

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Biosimilar Insulin market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Biosimilar Insulin market?

Table of Contents - Major Key Points:

1 Market Overview
1.1 Biosimilar Insulin Product Introduction
1.2 Global Biosimilar Insulin Market Size Forecast
1.2.1 Global Biosimilar Insulin Sales Value (2020-2031)
1.2.2 Global Biosimilar Insulin Sales Volume (2020-2031)
1.2.3 Global Biosimilar Insulin Sales Price (2020-2031)
1.3 Biosimilar Insulin Market Trends & Drivers
1.3.1 Biosimilar Insulin Industry Trends
1.3.2 Biosimilar Insulin Market Drivers & Opportunity
1.3.3 Biosimilar Insulin Market Challenges
1.3.4 Biosimilar Insulin Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Biosimilar Insulin Players Revenue Ranking (2024)
2.2 Global Biosimilar Insulin Revenue by Company (2020-2025)
2.3 Global Biosimilar Insulin Players Sales Volume Ranking (2024)
2.4 Global Biosimilar Insulin Sales Volume by Company Players (2020-2025)
2.5 Global Biosimilar Insulin Average Price by Company (2020-2025)
2.6 Key Manufacturers Biosimilar Insulin Manufacturing Base and Headquarters
2.7 Key Manufacturers Biosimilar Insulin Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Biosimilar Insulin
2.9 Biosimilar Insulin Market Competitive Analysis
2.9.1 Biosimilar Insulin Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Biosimilar Insulin Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Biosimilar Insulin as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Biosimilar Insulin Glargine
3.1.2 Biosimilar Insulin Lispro
3.1.3 Other
3.2 Global Biosimilar Insulin Sales Value by Type
3.2.1 Global Biosimilar Insulin Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Biosimilar Insulin Sales Value, by Type (2020-2031)
3.2.3 Global Biosimilar Insulin Sales Value, by Type (%) (2020-2031)
3.3 Global Biosimilar Insulin Sales Volume by Type
3.3.1 Global Biosimilar Insulin Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Biosimilar Insulin Sales Volume, by Type (2020-2031)
3.3.3 Global Biosimilar Insulin Sales Volume, by Type (%) (2020-2031)
3.4 Global Biosimilar Insulin Average Price by Type (2020-2031)
4 Segmentation by Distribution Channel
4.1 Introduction by Distribution Channel
4.1.1 Hospital
4.1.2 Retail Pharmacy
4.1.3 Others
4.2 Global Biosimilar Insulin Sales Value by Distribution Channel
4.2.1 Global Biosimilar Insulin Sales Value by Distribution Channel (2020 VS 2024 VS 2031)
4.2.2 Global Biosimilar Insulin Sales Value, by Distribution Channel (2020-2031)
4.2.3 Global Biosimilar Insulin Sales Value, by Distribution Channel (%) (2020-2031)
4.3 Global Biosimilar Insulin Sales Volume by Distribution Channel
4.3.1 Global Biosimilar Insulin Sales Volume by Distribution Channel (2020 VS 2024 VS 2031)
4.3.2 Global Biosimilar Insulin Sales Volume, by Distribution Channel (2020-2031)
4.3.3 Global Biosimilar Insulin Sales Volume, by Distribution Channel (%) (2020-2031)
4.4 Global Biosimilar Insulin Average Price by Distribution Channel (2020-2031)
5 Segmentation by Region
5.1 Global Biosimilar Insulin Sales Value by Region
5.1.1 Global Biosimilar Insulin Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Biosimilar Insulin Sales Value by Region (2020-2025)
5.1.3 Global Biosimilar Insulin Sales Value by Region (2026-2031)
5.1.4 Global Biosimilar Insulin Sales Value by Region (%), (2020-2031)
5.2 Global Biosimilar Insulin Sales Volume by Region
5.2.1 Global Biosimilar Insulin Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Biosimilar Insulin Sales Volume by Region (2020-2025)
5.2.3 Global Biosimilar Insulin Sales Volume by Region (2026-2031)
5.2.4 Global Biosimilar Insulin Sales Volume by Region (%), (2020-2031)
5.3 Global Biosimilar Insulin Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Biosimilar Insulin Sales Value, 2020-2031
5.4.2 North America Biosimilar Insulin Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Biosimilar Insulin Sales Value, 2020-2031
5.5.2 Europe Biosimilar Insulin Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Biosimilar Insulin Sales Value, 2020-2031
5.6.2 Asia Pacific Biosimilar Insulin Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Biosimilar Insulin Sales Value, 2020-2031
5.7.2 South America Biosimilar Insulin Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Biosimilar Insulin Sales Value, 2020-2031
5.8.2 Middle East & Africa Biosimilar Insulin Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Biosimilar Insulin Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Biosimilar Insulin Sales Value and Sales Volume
6.2.1 Key Countries/Regions Biosimilar Insulin Sales Value, 2020-2031
6.2.2 Key Countries/Regions Biosimilar Insulin Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Biosimilar Insulin Sales Value, 2020-2031
6.3.2 United States Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
6.4 Europe
6.4.1 Europe Biosimilar Insulin Sales Value, 2020-2031
6.4.2 Europe Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
6.5 China
6.5.1 China Biosimilar Insulin Sales Value, 2020-2031
6.5.2 China Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.5.3 China Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
6.6 Japan
6.6.1 Japan Biosimilar Insulin Sales Value, 2020-2031
6.6.2 Japan Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Biosimilar Insulin Sales Value, 2020-2031
6.7.2 South Korea Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Biosimilar Insulin Sales Value, 2020-2031
6.8.2 Southeast Asia Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
6.9 India
6.9.1 India Biosimilar Insulin Sales Value, 2020-2031
6.9.2 India Biosimilar Insulin Sales Value by Type (%), 2024 VS 2031
6.9.3 India Biosimilar Insulin Sales Value by Distribution Channel, 2024 VS 2031
7 Company Profiles
7.1 Eli Lilly
7.1.1 Eli Lilly Company Information
7.1.2 Eli Lilly Introduction and Business Overview
7.1.3 Eli Lilly Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Eli Lilly Biosimilar Insulin Product Offerings
7.1.5 Eli Lilly Recent Development
7.2 Sanofi
7.2.1 Sanofi Company Information
7.2.2 Sanofi Introduction and Business Overview
7.2.3 Sanofi Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Sanofi Biosimilar Insulin Product Offerings
7.2.5 Sanofi Recent Development
7.3 Gan&Lee
7.3.1 Gan&Lee Company Information
7.3.2 Gan&Lee Introduction and Business Overview
7.3.3 Gan&Lee Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Gan&Lee Biosimilar Insulin Product Offerings
7.3.5 Gan&Lee Recent Development
7.4 Tonghua Dongbao
7.4.1 Tonghua Dongbao Company Information
7.4.2 Tonghua Dongbao Introduction and Business Overview
7.4.3 Tonghua Dongbao Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Tonghua Dongbao Biosimilar Insulin Product Offerings
7.4.5 Tonghua Dongbao Recent Development
7.5 United Laboratory
7.5.1 United Laboratory Company Information
7.5.2 United Laboratory Introduction and Business Overview
7.5.3 United Laboratory Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 United Laboratory Biosimilar Insulin Product Offerings
7.5.5 United Laboratory Recent Development
7.6 Geropharm
7.6.1 Geropharm Company Information
7.6.2 Geropharm Introduction and Business Overview
7.6.3 Geropharm Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Geropharm Biosimilar Insulin Product Offerings
7.6.5 Geropharm Recent Development
7.7 Biocon
7.7.1 Biocon Company Information
7.7.2 Biocon Introduction and Business Overview
7.7.3 Biocon Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Biocon Biosimilar Insulin Product Offerings
7.7.5 Biocon Recent Development
7.8 Wockhardt
7.8.1 Wockhardt Company Information
7.8.2 Wockhardt Introduction and Business Overview
7.8.3 Wockhardt Biosimilar Insulin Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Wockhardt Biosimilar Insulin Product Offerings
7.8.5 Wockhardt Recent Development
8 Industry Chain Analysis
8.1 Biosimilar Insulin Industrial Chain
8.2 Biosimilar Insulin Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Biosimilar Insulin Sales Model
8.5.2 Sales Channel
8.5.3 Biosimilar Insulin Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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