Human Insulin Market 2022
The human insulin market is expected to be worth US$ 44.61 Bn in the year 2022 and grow 1.58 times by the year 2028. The market for human insulin is expected to reach US$ 70.67 Bn by 2028, expanding at a CAGR of 8%.
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Incidences of diabetes have risen dramatically over the period of time, and as the global population has grown, so has the demand for insulin. According to Persistence Market Research (PMR), the Global Human Insulin Market would be worth more than US$ 70.68 billion by 2028, witnessing a CAGR of 8% from 2022 to 2028. Extensive research activities in the insulin segments are increasing, as researchers are striving to develop the best molecule for patients’ usage while minimizing adverse effects and enhancing efficiency. The advancements in the insulin segment are expected to fuel market growth in the upcoming period.
Company Profiles:
- 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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North America, particularly the United States, dominates the worldwide human insulin market, due to the region’s high incidence of diabetes due to sedentary lifestyles. The United States is the world’s largest seller of long-acting insulin Lantus. The majority of diabetic medicine manufacturers see the region as an important market for increasing overall global sales. Due to patients’ affordability, the North American human insulin medicines market is projected to grow throughout the forecast period.
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PMR has presented a comprehensive report based on Human Insulin Market as per Type (Modern Human Insulin, Traditional Human Insulin), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), Type of Diabetes (Diabetes Type 1 and Diabetes Type 2), based on seven regions.
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