The global insulin market is expected to grow from USD 21.91 billion in 2023 to USD 31.82 billion by 2033, at a CAGR of 3.8% during the forecast period 2024-2033. The increasing prevalence of diabetes would drive the global insulin market. Technological advancements, the rise in research and development funding, increased government support, and the rise of diabetes prevalence are strong drivers for the global market. Researchers worldwide have intensified their efforts to create a highly effective insulin molecule capable of mitigating side effects and enhancing efficacy, resulting in increased R&D activities within the insulin market sector. Furthermore, since there is no price-cap regulation on drugs globally, some key pharmaceutical companies opt to raise prices on generic drugs such as insulin, driving higher anticipated growth levels. Moreover, the ease-of-use aspect of premixed insulin products makes them attractive for consumers.
The food is broken down into fundamental nutrients: carbohydrates, protein, and fats. The carbohydrates are converted into glucose in the body with the help of oxygen and ATP or energy currency. The glucose derived from carbohydrates provides energy to the body to carry out functions. The glucose levels in the bloodstream are maintained within a specific range to keep the organs healthy and avoid fatal diseases/conditions. The pancreas produces insulin, which lowers the blood glucose level if it gets out of range. However, due to various contributing factors, the insulin produced in the body becomes ineffective or is not produced in the desired amount. Ineffective or inadequate insulin leads to an increase in blood glucose levels. This condition is called diabetes. Increased blood glucose levels can cause heart failure, kidney failure, or other diseases. There are type 1 diabetes and type 2 diabetes, depending on how the blood glucose level in the body increases. Prediabetes is a prevalent disease that is increasingly affecting the younger population. Prediabetes is when the blood glucose level is high but not high enough to be type 2 diabetes. Pregnant women can suffer from gestational diabetes. Individuals suffering from diabetes need to inject insulin from outside to regulate the blood glucose in the body. Different types of insulin are prescribed depending on the diagnosis the doctor makes. It is primarily injected with a syringe. Other forms of administrating insulin are insulin pens, pumps, jet injections, and inhaled insulin. Diabetes is a chronic condition that can be regulated with proper diet and insulin medication. Insulin is part of the lifestyle of diabetic patients. Increasing product innovations can facilitate the adoption of insulin by making it affordable, accessible, and available to each patient willing to take it.
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September 2022 - A new multicenter clinical trial has discovered that a device known as a bionic pancreas was more effective at keeping blood glucose (sugar) levels within the normal range among people with type 1 diabetes than standard healthcare management. The device employs next-generation technology to deliver insulin automatically. The trial was published in the New England Journal of Medicine and was primarily supported by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), a division of the National Institutes of Health.
September 2022 – The Danish business Novo Nordisk released positive findings from the ONWARDS 5 phase 3 trial. When used with a dose guide app, once-weekly insulin icodec demonstrated a superior decrease of HbA1 in persons with type 2 diabetes. The 52-week ONWARDS 5 trial of 1,085 insulin-naive people with type 2 diabetes in a clinical practice setting demonstrated non-inferiority in lowering HbA1 at week 52 compared to once-daily basal insulin analogue. The company is gearing up to apply for FDA approval for distribution in the US market.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Product Type
4.3.2. Market Attractiveness Analysis by Application
4.3.3. Market Attractiveness Analysis by Type
4.3.4. Market Attractiveness Analysis by Distribution Channel
4.3.5. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing prevalence of diabetes
5.3. Restraints
5.3.1. High cost of insulin
5.4. Opportunities
5.4.1. New product innovations and formulations
5.5. Challenges
5.5.1. Infrastructural and systemic hurdles
6. Global Insulin Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Rapid-Acting Insulin
6.3. Combination Insulin
6.4. Long-Acting Insulin
6.5. Biosimilar
6.6. Others
7. Global Insulin Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Type 1 Diabetes
7.3. Type 2 Diabetes
8. Global Insulin Market Analysis and Forecast, By Type
8.1. Segment Overview
8.2. Human Insulin
8.3. Insulin Analogue
9. Global Insulin Market Analysis and Forecast, By Distribution Channel
9.1. Segment Overview
9.2. Hospitals
9.3. Retail Pharmacies
9.4. Online Pharmacies
9.5. Others
10. Global Insulin Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Insulin Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Insulin Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Biocon Ltd.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Boehringer Ingelheim International GmbH
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Boston Scientific Corporation
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Eli Lily and Company
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Julphar
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Nova Nordisk
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Sanofi
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Tonghua Dongbao Pharmaceuticals Co. Ltd.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. United Laboratories International Holdings Limited
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Wockhardt
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Insulin Market, By Product Type, 2020-2033 (USD Billion)
2. Global Rapid-Acting Insulin Market, By Region, 2020-2033 (USD Billion)
3. Global Combination Insulin Market, By Region, 2020-2033 (USD Billion)
4. Global Long-Acting Insulin Market, By Region, 2020-2033 (USD Billion)
5. Global Biosimilar Insulin Market, By Region, 2020-2033 (USD Billion)
6. Global Others Insulin Market, By Region, 2020-2033 (USD Billion)
7. Global Insulin Market, By Application, 2020-2033 (USD Billion)
8. Global Type 1 Diabetes Insulin Market, By Region, 2020-2033 (USD Billion)
9. Global Type 2 Diabetes Insulin Market, By Region, 2020-2033 (USD Billion)
10. Global Insulin Market, By Type, 2020-2033 (USD Billion)
11. Global Human Insulin Market, By Region, 2020-2033 (USD Billion)
12. Global Insulin Analogue Insulin Market, By Region, 2020-2033 (USD Billion)
13. Global Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
14. Global Hospitals Insulin Market, By Region, 2020-2033 (USD Billion)
15. Global Retail Pharmacies Insulin Market, By Region, 2020-2033 (USD Billion)
16. Global Online Pharmacies Insulin Market, By Region, 2020-2033 (USD Billion)
17. Global Others Insulin Market, By Region, 2020-2033 (USD Billion)
18. Global Insulin Market, By Region, 2020-2033 (USD Billion)
19. North America Insulin Market, By Product Type, 2020-2033 (USD Billion)
20. North America Insulin Market, By Application, 2020-2033 (USD Billion)
21. North America Insulin Market, By Type, 2020-2033 (USD Billion)
22. North America Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
23. U.S. Insulin Market, By Product Type, 2020-2033 (USD Billion)
24. U.S. Insulin Market, By Application, 2020-2033 (USD Billion)
25. U.S. Insulin Market, By Type, 2020-2033 (USD Billion)
26. U.S. Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
27. Canada Insulin Market, By Product Type, 2020-2033 (USD Billion)
28. Canada Insulin Market, By Application, 2020-2033 (USD Billion)
29. Canada Insulin Market, By Type, 2020-2033 (USD Billion)
30. Canada Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
31. Mexico Insulin Market, By Product Type, 2020-2033 (USD Billion)
32. Mexico Insulin Market, By Application, 2020-2033 (USD Billion)
33. Mexico Insulin Market, By Type, 2020-2033 (USD Billion)
34. Mexico Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
35. Europe Insulin Market, By Product Type, 2020-2033 (USD Billion)
36. Europe Insulin Market, By Application, 2020-2033 (USD Billion)
37. Europe Insulin Market, By Type, 2020-2033 (USD Billion)
38. Europe Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
39. Germany Insulin Market, By Product Type, 2020-2033 (USD Billion)
40. Germany Insulin Market, By Application, 2020-2033 (USD Billion)
41. Germany Insulin Market, By Type, 2020-2033 (USD Billion)
42. Germany Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
43. France Insulin Market, By Product Type, 2020-2033 (USD Billion)
44. France Insulin Market, By Application, 2020-2033 (USD Billion)
45. France Insulin Market, By Type, 2020-2033 (USD Billion)
46. France Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
47. U.K. Insulin Market, By Product Type, 2020-2033 (USD Billion)
48. U.K. Insulin Market, By Application, 2020-2033 (USD Billion)
49. U.K. Insulin Market, By Type, 2020-2033 (USD Billion)
50. U.K. Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
51. Italy Insulin Market, By Product Type, 2020-2033 (USD Billion)
52. Italy Insulin Market, By Application, 2020-2033 (USD Billion)
53. Italy Insulin Market, By Type, 2020-2033 (USD Billion)
54. Italy Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
55. Spain Insulin Market, By Product Type, 2020-2033 (USD Billion)
56. Spain Insulin Market, By Application, 2020-2033 (USD Billion)
57. Spain Insulin Market, By Type, 2020-2033 (USD Billion)
58. Spain Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
59. Asia Pacific Insulin Market, By Product Type, 2020-2033 (USD Billion)
60. Asia Pacific Insulin Market, By Application, 2020-2033 (USD Billion)
61. Asia Pacific Insulin Market, By Type, 2020-2033 (USD Billion)
62. Asia Pacific Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
63. Japan Insulin Market, By Product Type, 2020-2033 (USD Billion)
64. Japan Insulin Market, By Application, 2020-2033 (USD Billion)
65. Japan Insulin Market, By Type, 2020-2033 (USD Billion)
66. Japan Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
67. China Insulin Market, By Product Type, 2020-2033 (USD Billion)
68. China Insulin Market, By Application, 2020-2033 (USD Billion)
69. China Insulin Market, By Type, 2020-2033 (USD Billion)
70. China Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
71. India Insulin Market, By Product Type, 2020-2033 (USD Billion)
72. India Insulin Market, By Application, 2020-2033 (USD Billion)
73. India Insulin Market, By Type, 2020-2033 (USD Billion)
74. India Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
75. South America Insulin Market, By Product Type, 2020-2033 (USD Billion)
76. South America Insulin Market, By Application, 2020-2033 (USD Billion)
77. South America Insulin Market, By Type, 2020-2033 (USD Billion)
78. South America Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
79. Brazil Insulin Market, By Product Type, 2020-2033 (USD Billion)
80. Brazil Insulin Market, By Application, 2020-2033 (USD Billion)
81. Brazil Insulin Market, By Type, 2020-2033 (USD Billion)
82. Brazil Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
83. Middle East and Africa Insulin Market, By Product Type, 2020-2033 (USD Billion)
84. Middle East and Africa Insulin Market, By Application, 2020-2033 (USD Billion)
85. Middle East and Africa Insulin Market, By Type, 2020-2033 (USD Billion)
86. Middle East and Africa Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
87. UAE Insulin Market, By Product Type, 2020-2033 (USD Billion)
88. UAE Insulin Market, By Application, 2020-2033 (USD Billion)
89. UAE Insulin Market, By Type, 2020-2033 (USD Billion)
90. UAE Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
91. South Africa Insulin Market, By Product Type, 2020-2033 (USD Billion)
92. South Africa Insulin Market, By Application, 2020-2033 (USD Billion)
93. South Africa Insulin Market, By Type, 2020-2033 (USD Billion)
94. South Africa Insulin Market, By Distribution Channel, 2020-2033 (USD Billion)
List of Figures
1. Global Insulin Market Segmentation
2. Insulin Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Insulin Market Attractiveness Analysis by Product Type
9. Global Insulin Market Attractiveness Analysis by Application
10. Global Insulin Market Attractiveness Analysis by Type
11. Global Insulin Market Attractiveness Analysis by Distribution Channel
12. Global Insulin Market Attractiveness Analysis by Region
13. Global Insulin Market: Dynamics
14. Global Insulin Market Share by Product Type (2023 & 2033)
15. Global Insulin Market Share by Application (2023 & 2033)
16. Global Insulin Market Share by Type (2023 & 2033)
17. Global Insulin Market Share by Distribution Channel (2023 & 2033)
18. Global Insulin Market Share by Regions (2023 & 2033)
19. Global Insulin Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the insulin market based on below mentioned segments:
Insulin Market by Product Type:
Insulin Market by Application:
Insulin Market by Type:
Insulin Market by Distribution Channel:
Insulin Market by Region:
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The data procurement stage involves in data gathering and collecting through various data sources.
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The supply side for a domain specific market is analysed by:
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In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
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