Human Insulin Market Is Anticipated To Surpass USD 43.6 Billion By 2021

The global human insulin market, with key players like GlaxoSmithCline, SemBioSys, Julphar, Sanofi-Aventis, Biocon, Eli Lilly, Wockhardt, Novo Nordisk, and Ypsomed AG, is all geared up to grow in the coming period. As per the Zion Market Research analysts, the global human insulin market in 2015 recorded for USD 27.00 Billion and is anticipated to surpass USD 43.6 Billion by end of 2021, developing at around 8.3% CAGR from 2016 to 2021.

This review is based on a report by Zion Market Research, titled “Human Insulin Market by Product (Drug and Drug Delivery Devices) for Type 1 Diabetes, Type 2 Diabetes Application - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at https://www.zionmarketresearch.com/report/human-insulin-market

Rising Diabetes Risk To Drive The Growth Of The Global Human Insulin Market

The global human insulin market is anticipated to witness momentous growth in the forecast period on account of the increasing human insulin analogs’ demand, the rising diabetes risk, technological advancements in the area of human insulin delivery devices, and promising medical reimbursements. An insulin routine is usually required while treating diabetes associated with specific conditions or syndromes (like drug-induced or chemical diabetes, insulin-receptor disorders, pancreatic diseases, specific genetic syndromes, & endocrinopathies) and gestational diabetes. In all events of insulin administration, the insulin dose should be individualized and balanced with medical nutrition therapy and exercise, thus driving the growth of the global human insulin market.

Rising technical enhancements are also anticipated to boost the expansion of the global human insulin market. In June 2018, for instance, Humulin R U-500 of Eli Lilly and Company, which was utilized in insulin pumps, showed better A1C lowering in people with type 2 diabetes. This was deemed great when compared to multiple daily injections, thus boosting the expansion of global human insulin market.

Global Human Insulin Market To Be Governed By Biosimilars Drugs Sector

Biosimilar drugs, on the basis of drugs, were anticipated to record for the largest market stake of the global human insulin market and are projected to remain the same in the coming period. Need for biosimilar drugs is robust in both developed and developing countries on account of its low-cost therapy. This is driven by the need for the finest valuable therapy that can mostly be costly. Biosimilar insulin drug may offer a less-costly preference to existing human insulin biologics, thereby propelling the global human insulin market.

The Drug Delivery Sector Will Be Dominated By Pens In The Tears To Come

On the basis of drug delivery device, the largest stake of the global human insulin market was projected to be held by pens trailed by pen needle and syringe. This growth can be credited to the rising need for pen makers from budding countries like China, Brazil, and India, thus driving the global human insulin market growth. Insulin pens appear analogous to big ink pens, thus presenting them as a possibly convenient and discreet means of carrying insulin, which makes them one of the key factors for the growth of global human insulin market.

This report segments the global human insulin market as follows:

Human Insulin Market: Product Segment Analysis

• Drugs
  • Insulin Analogs and Biosimilars
  • Human Insulin Biologics
• Drug Delivery Devices
  • Pens
  • Pen Needles
  • Syringes

Human Insulin Market: Application Segment Analysis

• Insulin dependent diabetes mellitus (Type 1)
• Non-Insulin dependent diabetes mellitus (Type 2)

Human Insulin Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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