
Global Insulin Market Size study, by Product (Rapid-Acting Insulin, Long-Acting Insulin, Combination Insulin, Biosimilar, Others) by Application (Human Insulin, Insulin Analog), by Type (Type 1, Type 2), by Distribution Channel (Hospitals, Retail Pharmaci
Description
Global Insulin Market Size study, by Product (Rapid-Acting Insulin, Long-Acting Insulin, Combination Insulin, Biosimilar, Others) by Application (Human Insulin, Insulin Analog), by Type (Type 1, Type 2), by Distribution Channel (Hospitals, Retail Pharmacies, Others) and Regional Forecasts 2022-2028
Global Insulin Market is valued approximately USD 20.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 1.5% over the forecast period 2022-2028. Insulin is a hormone produced by the pancreas that regulates the amount of glucose in the bloodstream at any given time. The insulin market is expanding as a result of factors such as rising diabetes prevalence and formulation developments. However, rising prescriptions for medications like GLP-1 RAs to treat type 2 diabetes may halt market growth. It's an oligopolistic market dominated by Novo Nordisk A/S, Sanofi, and Eli Lilly and Company. Diabetes is one of the world's fastest-growing chronic diseases. Its prevalence has progressively increased during the last few decades. According to the World Health Organization, diabetes will afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. Furthermore, geriatric and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving space increase is formulation advancements. Fiasp (Novo Nordisk) is a formulation of insulin aspart in a combination with niacinamide (Vitamin-B3), which helps boost the drug's early absorption. Afrezza (Mannkind) is the market's sole inhaled version, which eliminates the need for needles and syringes. In addition, Oramed Pharmaceuticals' oral insulin capsule is in phase 3 clinical studies. The BLA is planned to be submitted by the end of Q4 2023. The successful launch of this product may provide patients with an alternative option. However, the high cost of insulin stifles market growth throughout the forecast period of 2022-2028.
The key regions considered for the Global Insulin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue in 2021, owing to the dominance of branded products and the region's increasing disease prevalence. According to the CDC, there will be roughly 37.3 million diabetics in the United States in 2020, including 28.7 million diagnosed and 8.5 million undiagnosed cases. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for biosimilar development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market player included in this report are:
Novo Nordisk A/S
Eli Lilly and Company
Sanofi
Biocon Ltd
Wockhardt
Boehringer Ingelheim International GmbH
Julphar
United Laboratories International Holdings Limited
Tonghua Dongbao Pharmaceutical Co. Ltd.
Pfizer
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Rapid-Acting Insulin
Long-Acting Insulin
Combination Insulin
Biosimilar
Others
By Type:
Type 1 Diabetes Mellitus
Type 2 Diabetes Mellitus
By Application:
Human Insulin
Insulin Analog
By Distribution Channel:
Hospitals
Retail Pharmacies
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Insulin Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Novo Nordisk A/S
Eli Lilly and Company
Sanofi
Biocon Ltd
Wockhardt
Boehringer Ingelheim International GmbH
Julphar
United Laboratories International Holdings Limited
Tonghua Dongbao Pharmaceutical Co. Ltd.
Pfizer
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Global Insulin Market is valued approximately USD 20.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 1.5% over the forecast period 2022-2028. Insulin is a hormone produced by the pancreas that regulates the amount of glucose in the bloodstream at any given time. The insulin market is expanding as a result of factors such as rising diabetes prevalence and formulation developments. However, rising prescriptions for medications like GLP-1 RAs to treat type 2 diabetes may halt market growth. It's an oligopolistic market dominated by Novo Nordisk A/S, Sanofi, and Eli Lilly and Company. Diabetes is one of the world's fastest-growing chronic diseases. Its prevalence has progressively increased during the last few decades. According to the World Health Organization, diabetes will afflict 537 million adults globally in 2021, with one in ten experiencing other diabetes. Furthermore, geriatric and obese populations are predisposed to chronic diseases. According to the World Bank Group, the world old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving space increase is formulation advancements. Fiasp (Novo Nordisk) is a formulation of insulin aspart in a combination with niacinamide (Vitamin-B3), which helps boost the drug's early absorption. Afrezza (Mannkind) is the market's sole inhaled version, which eliminates the need for needles and syringes. In addition, Oramed Pharmaceuticals' oral insulin capsule is in phase 3 clinical studies. The BLA is planned to be submitted by the end of Q4 2023. The successful launch of this product may provide patients with an alternative option. However, the high cost of insulin stifles market growth throughout the forecast period of 2022-2028.
The key regions considered for the Global Insulin Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the space in terms of revenue in 2021, owing to the dominance of branded products and the region's increasing disease prevalence. According to the CDC, there will be roughly 37.3 million diabetics in the United States in 2020, including 28.7 million diagnosed and 8.5 million undiagnosed cases. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for biosimilar development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market player included in this report are:
Novo Nordisk A/S
Eli Lilly and Company
Sanofi
Biocon Ltd
Wockhardt
Boehringer Ingelheim International GmbH
Julphar
United Laboratories International Holdings Limited
Tonghua Dongbao Pharmaceutical Co. Ltd.
Pfizer
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Rapid-Acting Insulin
Long-Acting Insulin
Combination Insulin
Biosimilar
Others
By Type:
Type 1 Diabetes Mellitus
Type 2 Diabetes Mellitus
By Application:
Human Insulin
Insulin Analog
By Distribution Channel:
Hospitals
Retail Pharmacies
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Insulin Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Novo Nordisk A/S
Eli Lilly and Company
Sanofi
Biocon Ltd
Wockhardt
Boehringer Ingelheim International GmbH
Julphar
United Laboratories International Holdings Limited
Tonghua Dongbao Pharmaceutical Co. Ltd.
Pfizer
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Table of Contents
200 Pages
- Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
- 1.2.1. Insulin Market, by Region, 2020-2028 (USD Billion)
- 1.2.2. Insulin Market, by Product, 2020-2028 (USD Billion)
- 1.2.3. Insulin Market, by Type, 2020-2028 (USD Billion)
- 1.2.4. Insulin Market, by Application, 2020-2028 (USD Billion)
- 1.2.5. Insulin Market, by Distribution Channel, 2020-2028 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
- Chapter 2. Global Insulin Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
- Chapter 3. Global Insulin Market Dynamics
- 3.1. Insulin Market Impact Analysis (2020-2028)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing incidence of diabetes
- 3.1.1.2. Growing gGeriatric pPopulation
- 3.1.2. Market Challenges
- 3.1.2.1. High cCost of Insulin
- 3.1.3. Market Opportunities
- 3.1.3.1. Advancements in fFormulation
- Chapter 4. Global Insulin Market Industry Analysis
- 4.1. Porter’s 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
- 4.2. PEST Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.3. Investment Adoption Model
- 4.4. Analyst Recommendation & Conclusion
- 4.5. Top investment opportunity
- 4.6. Top winning strategies
- Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1.1. Assessment of the overall impact of COVID-19 on the industry
- 5.1.2. Pre COVID-19 and post COVID-19 Market scenario
- Chapter 6. Global Insulin Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Insulin Market by Product, Performance - Potential Analysis
- 6.3. Global Insulin Market Estimates & Forecasts by Product 2018-2028 (USD Billion)
- 6.4. Insulin Market, Sub Segment Analysis
- 6.4.1. Rapid-Acting Insulin
- 6.4.2. Long-Acting Insulin
- 6.4.3. Combination Insulin
- 6.4.4. Biosimilar
- 6.4.5. Others
- Chapter 7. Global Insulin Market, by Type
- 7.1. Market Snapshot
- 7.2. Global Insulin Market by Type, Performance - Potential Analysis
- 7.3. Global Insulin Market Estimates & Forecasts by Type 2018-2028 (USD Billion)
- 7.4. Insulin Market, Sub Segment Analysis
- 7.4.1. Type 1 Diabetes Mellitus
- 7.4.2. Type 2 Diabetes Mellitus
- Chapter 8. Global Insulin Market, by Application
- 8.1. Market Snapshot
- 8.2. Global Insulin Market by Application, Performance - Potential Analysis
- 8.3. Global Insulin Market Estimates & Forecasts by Application 2018-2028 (USD Billion)
- 8.4. Insulin Market, Sub Segment Analysis
- 8.4.1. Human Insulin
- 8.4.2. Insulin Analog
- Chapter 9. Global Insulin Market, by Distribution Channel
- 9.1. Market Snapshot
- 9.2. Global Insulin Market by Distribution Channel, Performance - Potential Analysis
- 9.3. Global Insulin Market Estimates & Forecasts by Distribution Channel 2018-2028 (USD Billion)
- 9.4. Insulin Market, Sub Segment Analysis
- 9.4.1. Hospitals
- 9.4.2. Retail Pharmacies
- 9.4.3. Others
- Chapter 10. Global Insulin Market, Regional Analysis
- 10.1. Insulin Market, Regional Market Snapshot
- 10.2. North America Insulin Market
- 10.2.1. U.S. Insulin Market
- 10.2.1.1. Product breakdown estimates & forecasts, 2018-2028
- 10.2.1.2. Type breakdown estimates & forecasts, 2018-2028
- 10.2.1.3. Application breakdown estimates & forecasts, 2018-2028
- 10.2.1.4. Distribution Channel breakdown estimates & forecasts, 2018-2028
- 10.2.2. Canada Insulin Market
- 10.3. Europe Insulin Market Snapshot
- 10.3.1. U.K. Insulin Market
- 10.3.2. Germany Insulin Market
- 10.3.3. France Insulin Market
- 10.3.4. Spain Insulin Market
- 10.3.5. Italy Insulin Market
- 10.3.6. Rest of Europe Insulin Market
- 10.4. Asia-Pacific Insulin Market Snapshot
- 10.4.1. China Insulin Market
- 10.4.2. India Insulin Market
- 10.4.3. Japan Insulin Market
- 10.4.4. Australia Insulin Market
- 10.4.5. South Korea Insulin Market
- 10.4.6. Rest of Asia Pacific Insulin Market
- 10.5. Latin America Insulin Market Snapshot
- 10.5.1. Brazil Insulin Market
- 10.5.2. Mexico Insulin Market
- 10.6. Rest of The World Insulin Market
- Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Novo Nordisk A/S
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Eli Lilly and Company
- 11.2.3. Sanofi
- 11.2.4. Biocon Ltd
- 11.2.5. Wockhardt
- 11.2.6. Boehringer Ingelheim International GmbH
- 11.2.7. Julphar
- 11.2.8. United Laboratories International Holdings Limited
- 11.2.9. Tonghua Dongbao Pharmaceutical Co. Ltd.
- 11.2.10. Pfizer
- Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption
- List of Tables
- TABLE 1. Global Insulin Market, report scope
- TABLE 2. Global Insulin Market estimates & forecasts by Region 2018-2028 (USD Billion)
- TABLE 3. Global Insulin Market estimates & forecasts by Product 2018-2028 (USD Billion)
- TABLE 4. Global Insulin Market estimates & forecasts by Type 2018-2028 (USD Billion)
- TABLE 5. Global Insulin Market estimates & forecasts by Application 2018-2028 (USD Billion)
- TABLE 6. Global Insulin Market estimates & forecasts by Distribution Channel 2018-2028 (USD Billion)
- TABLE 7. Global Insulin Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 8. Global Insulin Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 9. Global Insulin Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 10. Global Insulin Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 11. Global Insulin Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 12. Global Insulin Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 13. Global Insulin Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 14. Global Insulin Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 15. Global Insulin Market by segment, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 16. Global Insulin Market by region, estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 17. U.S. Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 18. U.S. Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 19. U.S. Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 20. Canada Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 21. Canada Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 22. Canada Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 23. UK Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 24. UK Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 25. UK Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 26. Germany Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 27. Germany Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 28. Germany Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 29. RoE Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 30. RoE Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 31. RoE Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 32. China Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 33. China Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 34. China Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 35. India Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 36. India Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 37. India Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 38. Japan Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 39. Japan Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 40. Japan Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 41. RoAPAC Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 42. RoAPAC Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 43. RoAPAC Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 44. Brazil Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 45. Brazil Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 46. Brazil Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 47. Mexico Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 48. Mexico Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 49. Mexico Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 50. RoLA Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 51. RoLA Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 52. RoLA Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 53. Row Insulin Market estimates & forecasts, 2018-2028 (USD Billion)
- TABLE 54. Row Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 55. Row Insulin Market estimates & forecasts by segment 2018-2028 (USD Billion)
- TABLE 56. List of secondary sources, used in the study of global Insulin Market
- TABLE 57. List of primary sources, used in the study of global Insulin Market
- TABLE 58. Years considered for the study
- TABLE 59. Exchange rates considered
- List of figures
- FIG 1. Global Insulin Market, research methodology
- FIG 2. Global Insulin Market, Market estimation techniques
- FIG 3. Global Market size estimates & forecast methods
- FIG 4. Global Insulin Market, key trends 2021
- FIG 5. Global Insulin Market, growth prospects 2022-2028
- FIG 6. Global Insulin Market, porters 5 force model
- FIG 7. Global Insulin Market, pest analysis
- FIG 8. Global Insulin Market, value chain analysis
- FIG 9. Global Insulin Market by segment, 2018 & 2028 (USD Billion)
- FIG 10. Global Insulin Market by segment, 2018 & 2028 (USD Billion)
- FIG 11. Global Insulin Market by segment, 2018 & 2028 (USD Billion)
- FIG 12. Global Insulin Market by segment, 2018 & 2028 (USD Billion)
- FIG 13. Global Insulin Market by segment, 2018 & 2028 (USD Billion)
- FIG 14. Global Insulin Market, regional snapshot 2018 & 2028
- FIG 15. North America Insulin Market 2018 & 2028 (USD Billion)
- FIG 16. Europe Insulin Market 2018 & 2028 (USD Billion)
- FIG 17. Asia pacific Insulin Market 2018 & 2028 (USD Billion)
- FIG 18. Latin America Insulin Market 2018 & 2028 (USD Billion)
- FIG 19. Global Insulin Market, company Market share analysis (2021)
Pricing
Currency Rates
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