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Human Insulin Market Trends, Forecast and Competitive Analysis By 2027

Human Insulin Market Trends, Forecast and Competitive Analysis By 2027

Radical changes in the human lifestyle have increased the probability of the occurrence of diabetes across the world. The rise in incidents of various types of diabetes has boosted the demand for human insulin. People across the developed, as well as emerging countries, are rapidly advancing toward a sedentary way of living which has augmented the prevalence of diabetes among the millennial and adult population. Of late, the diagnosis rate of type 1 diabetes has been witnessing an upward trajectory, wherein the patients’ treatment completely oscillates around the insulin. The subsequent increase in demand has created lucrative opportunities for players operating in the space, resulting in market expansion.

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As per the World Health Organization (WHO), there has been a global shortage of accessibility to human insulin and relevant medical tools. This lack of access to human insulin is ascribed to the higher price of synthetic insulins coupled with the few producers dominating the market. Against this backdrop, WHO has taken diverse initiatives and measures to improve the accessibility of human insulin. For instance — establishing transparency in cost and price, promoting R&D for human insulin in low-income economies, channeling funds to enhance local manufacturing capabilities across under-served areas, and increasing the production of human insulin and regulating its supply. The consistent rise in demand and requirement of human insulin and the powerful support from WHO are set to expand the human insulin market throughout the prophesied period.


Growing Incidence of Type-1 Diabetes Provide a Fillip to Human Insulin Sales for Complete Treatment


Based on application, the human insulin market is segmented as type 1 diabetes, type 2 diabetes, gestational, and prediabetes. However, human insulin to treat patients suffering from diabetes type 1 is projected to outpace the demand for other segments of application during the forecasted period. The uptick in the incidence of type 1 diabetes and complete dependence on human insulin for its treatment have propelled numerous gains across the global market. Moreover, the cases have risen at a record pace over the recent years, especially among adolescents and children within the age bracket of 0 to 19 years. On the whole, the aforementioned factors are boosting the sales of human insulin, substantially contributing to the overall revenue of the human insulin market across the world.

North America Consolidates Stronghold Position in the Human Insulin Market

North America is predicted to dominate with a significant share in the human insulin market across the globe. The presence of established players of insulin manufacturers, and higher competition among companies is underpinning the growth of the market in the region. The rising prevalence of type 1 diabetes due to the growing geriatric population and sedentary lifestyle are a few major factors steering the demand for human insulin across the developed economies of North America. Consequently, the region has observed a perpetual rise in healthcare expenditure which is inclusive of diabetes diagnosis. Additionally, the propitious healthcare infrastructure and spikes in the per capita GDP of the human insulin market are anticipated to play an instrumental role in market sophistication.

Competitive players operating in the worldwide human insulin market are Biocon, Novo Nordisk, Julphar, Eli Lilly, Sanofi Aventis, SemBioSys, GlaxoSmithKline, Wockhardt, Bristol Myers Squibb, Tonghua Dongbao Pharmaceuticals, Merck & Co. Inc., and Boston Scientific.

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