IMARC Group, a leading market research company, has recently released a report titled “Human Insulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global human insulin market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What Are The Growth Prospects Of The Human Insulin Industry?

According to the report, The global human insulin market size reached US$ 45.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 68.0 Billion by 2028, exhibiting a growth rate (CAGR) of 6.48% during 2023-2028.

What is Human Insulin?

Human insulin (HI) is a short-acting insulin that is synthesized in laboratories. Commonly utilized to mimic the function of natural insulin present in humans, it is bio-engineered by growing insulin proteins within E-coli bacteria (Escherichia coli). It is available as a solution and suspension and is required to be injected subcutaneously. It is widely employed for controlling the blood sugar levels of patients with type I and II diabetes. HI functions by aiding the sugar produced by the human body to move from the blood to other body tissues where it is used for energy. It can additionally stop the liver from producing more sugar. Apart from this, HI also assists in inhibiting hepatic glucose production and improving the protein synthesis of the body.

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What are the growth prospects and trends in the Human Insulin industry?

The growing prevalence of obesity and diabetes among individuals due to sedentary lifestyles represents one of the key factors driving the market. Apart from this, there is a significant rise in the demand for biosimilar drugs on account of their cost-effectiveness and higher efficiency, which, in turn, is also supporting the growth of the market. Furthermore, the key players are introducing pen devices and safety pen needles for improved delivery of insulin to the body. This, in confluence with the increasing research and development (RD) activities, is acting as another growth-inducing factor.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• B. Braun Melsungen AG
• Becton
• Dickinson and Company (BD)
• Biocon
• Eli Lilly and Company
• Gulf Pharmaceutical Industries (Julphar)
• Novo Nordisk A/S
• Pfizer Inc.
• Groupe Sanofi
• SEDICO Co.
• Wockhardt Limited
• Ypsomed AG

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The report has segmented the market on the basis of Product Type, End-User and Region.

Breakup by Product Type:

• Drugs
  • Human Insulin Analogs and Biosimilars
    • Rapid Acting
    • Long Acting
    • Premixed
  • Human Insulin Biologics
    • Short Acting
    • Intermediate Acting
    • Premixed
• Delivery Devices
  • Pens
    • Reusable Pens
    • Disposable Pens
  • Pen Needles
    • Standard Pen Needles
    • Safety Pen Needles
  • Syringes
  • Others

Breakup by Distribution Channel:

• Retail Pharmacies
• Hospital Pharmacies
• Online Retail Stores
• Others

Breakup by Disease Type:

• Type I Diabetes
• Type II Diabetes

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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