The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region emerged as the largest market for the global insulin market, with a 39.1% market revenue share in 2023. The increasing prevalence of diabetic patients, given the unhealthy processed food-based diet of the region's population, will drive the region's growth. The accessibility and affordability of healthcare services facilitated by the rising government healthcare expenditure and favourable reimbursement policies also aid the region's development. The well-established healthcare infrastructure combined with the prevailing health awareness among consumers about diabetic diseases facilitates the regional insulin market. The region's population has access to information established with campaigns to raise awareness about the diseases in the young population. The awareness campaigns lead to consumers seeking medical attention followed by an early diagnosis and treatment. The region has a well-established pharma industry that offers multiple products of different brands in the market, enabling consumers to choose the best product at the best price. The Asia Pacific market is anticipated to grow the fastest during the forecast period. The increasing government expenditure to develop advanced healthcare infrastructure will propel the market's growth. The rising awareness about diabetes and following treatment due to the concerted government and civil society efforts to prevent the increasing number of diabetic patients will also fuel the development of the market. The region's massive population and an increasing number of diabetic patients is a potential consumer market for global players, thereby leading to their geographical expansion in the region. The highly advanced and well-established pharma market with robust supply chain resilience and distribution network will aid the market's development.
North America region Insulin Market Share in 2023 - 39.1%
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The product type segment is divided into rapid-acting insulin, combination insulin, long-acting insulin, biosimilar, and others. The long-acting insulin segment dominated the market with a revenue share of around 41% in 2023. Long-acting insulins create a baseline to regulate the blood sugar levels in the body, restricting the levels from rising too high. They are effective for a long duration. For instance, if taken before meals, they can regulate and manage the blood sugar level for an entire day. The different products in the long-acting insulin category can be substituted with each other when required in case of emergencies. The long-acting insulin needs to be taken in smaller amounts with fewer shots, making it a popular choice among patients.
The application segment is divided into type 1 diabetes and type 2 diabetes. The type 1 diabetes segment dominated the market with a market share of around 75% in 2023. Type 1 diabetes is a chronic condition. The pancreases produce little to no insulin in the body. The blood sugar level is regulated with insulin therapy, regular exercise, and a regulated diet. Type diabetic patients are fewer than type 2 diabetic patients; however, type 1 diabetes is more dependent on insulin therapy.
The type segment is divided into human insulin and insulin analogue. The insulin analogue segment dominated the market with a market share of around 69% in 2023. Analogue insulin is designed to mimic or replicate the natural process or pattern in which the pancreas release insulin. They effectively control and regulate the body's blood glucose levels. They are offered by several brands offering choices to consumers. They are flexible, giving consumers ease of accessibility and better convenience. Furthermore, they lead to less severe side effects.
The distribution channel is divided into hospitals, retail pharmacies, online pharmacies, and others. The retail pharmacies segment dominated the market with a market share of around 49% in 2023. The increasing presence of retail pharmacy chains offering several brands and products in one place gives consumers greater choice and convenience while seeking medication.
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:
The demand side for the market is estimated through:
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:
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