The growing prevalence of diabetes across the world is prophesied to expand the global human insulin market. The above information was provided by Fortune Business Insights in a report, titled “Human Insulin Market Size, Share and Global Trend by Drug Type (Biologics, Biosimilar), By Delivery Devices (Vials & Syringes, Insulin Pens, Insulin Pumps), By Type of Patients (Type 1 diabetes, Type 2 diabetes), By Mode of Action (Long-Acting, Rapid-Acting, Short-Acting, Intermediate-Acting, Premix Insulin), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Geography Forecast till 2026.” These numbers are primarily increasing on account of growing obesity rates. The International Diabetes Foundation (IDF) estimates the prevalence of diabetes to grow in the coming years. The number of diabetic patients registered in 2017 were 425 Million and is projected to reach 629 Million by 2045.
Top Key Players Covered:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the Human Insulin Market. Some of the companies operating the global market are;
- GlaxoSmithKline plc.
- Novartis AG
- Omron Healthcare, Inc.
- Philips Respironics, Inc.
- Sunovion Pharmaceuticals Inc.
- Merck & Co., Inc.
- Boehringer Ingelheim International GmbH
Market Advances with Rapid Improvements in Insulin Delivery in North America
Among regions, North America is anticipated to dominate the global human insulin market during the forecast period. The growth is majorly witnessed on account of the rising prevalence of diabetes and its related disorders. Furthermore, the demand for human infusion insulin devices is increasing owing to their availability and technological improvements. On the other hand, the market in Asia Pacific is likely to witness high growth between 2018 and 2026. The rising research and development (R&D) investments and presence of well-known manufacturing companies in this region are creating ample growth opportunities for the market. These companies are likely to boost the human insulin market in the upcoming years.
By Drug Type
By Delivery Devices
- Vials & Syringes
- Insulin Pens
- Insulin Pumps
By Type of Patients
- Type 1 diabetes
- Type 2 diabetes
By Mode of Action
- Premix Insulin
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America (USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Sanofi’s Launch of Admelog Intends to Improve Blood Sugar Levels in Patients
Some of the leading players operating in the global human insulin market include Novo Nordisk, Sanofi A/S, Eli Lilly & Company, Astra Zeneca plc, GlaxoSmithKline plc, Tonghua Dongbao Pharmaceutical Co., Biocon, Julphar, and Wockhardt. Sebveral compaies are planning to focus on collaborations and partnerships to gain market share. For instance, Ypsomed AG partnered with with Koninklijke Philips N.V. in October 2018. The aim of this collaboration was to conjointly develop and deploy novel self-medication monitoring services. In November 2018, Biocon and Mylan announced the launch of a new biosimilar called Semglee. The drug is indicated to treat patients suffering from diabetes mellitus in adults and children. Companies are also focussing to launch new products to stay industry focussed. For instance, Sanofi launched an insulin lispro product called Admelog in April 2018. This product is intended to control insulin levels in children and adults.
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