Human Insulin Market Projected to Reach USD 20.99 Billion by 2030

Human Insulin Market Scope & Overview

According to SNS Insider, the Human Insulin Market reached a value of USD 18.93 billion in 2022 and is projected to reach USD 20.99 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 1.3% during the forecast period from 2023 to 2030.

Human insulin is a hormone that plays a vital role in regulating blood sugar levels in the human body. It is produced by the beta cells of the pancreas and is responsible for controlling glucose metabolism. Insulin allows cells in the body to take in glucose from the bloodstream, thereby lowering blood sugar levels and providing energy to cells for their proper functioning.

Market Analysis

One of the key factors driving the growth of the human insulin market is the rising global incidence of diabetes. According to the International Diabetes Federation, the number of adults living with diabetes is projected to reach 700 million by 2045. This surge in diabetes cases creates a substantial market opportunity for human insulin manufacturers. Furthermore, advancements in technology and research have paved the way for the development of innovative insulin delivery systems. These systems aim to improve patient convenience and adherence to insulin therapy, thus driving market growth.

Key Players Covered in Human Insulin market report are: Novo Nordisk, Companion Medical Inc., Valeritas Inc., Insulet Corporation, Cellenovo, Emperra Gmbh E-Health Technologies, F Hoffmann-La Roche, Ypsomed., Tandem Diabetes Care, Medtronic Inc

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Impact of Recession

Economic downturns can create an environment of consolidation within the pharmaceutical industry. Smaller insulin manufacturers may struggle to sustain operations during a recession, leading to potential mergers, acquisitions, or closures. This can impact human insulin market competition and potentially reduce the number of available insulin options.

Segmentation Analysis

The analogue insulin segment and hospital pharmacy segment are poised to dominate the human insulin market, driven by the clinical benefits of analogue insulin and the critical role of hospital pharmacies in insulin distribution and administration. As the demand for more effective and convenient diabetes management solutions continues to rise, these segments will shape the future of the market. Healthcare stakeholders must adapt to these evolving dynamics by embracing innovation, collaboration, and patient-centered approaches to optimize diabetes care.

Human Insulin Market Segmentation as Follows:

By Type:

·        Traditional human insulin

·        Analogue insulin

By Diabetes Type:

·        Type 1

·        Type 2

By Distribution Channel:

·        Hospital Pharmacy

·        Online pharmacy

·        Retails

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Regional Status & Analysis

North America's ascendancy in the global human insulin market is driven by its robust healthcare infrastructure, favorable regulatory environment, rising diabetes prevalence, technological advancements, and strategic collaborations. As the region continues to invest in research and development, clinical trials, and innovative insulin delivery systems, it is well-positioned to cater to the increasing demand for human insulin. This dominance offers opportunities for healthcare providers, manufacturers, and patients, paving the way for improved diabetes management and better quality of life for individuals affected by the disease.

Conclusion

The market holds significant potential for growth in the future. The increasing prevalence of diabetes, technological advancements in insulin delivery systems, the rise of biosimilar insulin, ongoing research and development activities, and the growing geriatric population are key factors driving market expansion.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for human insulin market growth?

·        The market is projected to reach a substantial value of USD 20.99 billion by the year 2030.

What are the major factors influencing the human insulin market?

·        By addressing challenges and capitalizing on emerging opportunities, stakeholders in the market can meet the rising demand for effective diabetes management and improve the quality of life for millions of individuals worldwide.

Who are the leading players in the human insulin market?

·        Novo Nordisk, Insulet Corporation, F Hoffmann-La Roche, Ypsomed., Cellenovo, Companion Medical Inc., Valeritas Inc., Emperra Gmbh E-Health Technologies, Tandem Diabetes Care, Medtronic Inc.

Table of Content

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 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

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