Insulin Glargine Market Size, Share, And Growth Report 2032

Insulin Glargine Market: Size

The global Insulin Glargine Market size was worth around USD 1335.98 million in 2023 and is predicted to grow to around USD 2374.72 million by 2032 with a compound annual growth rate (CAGR) of roughly 6.6% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD million). The report covers a forecast and an analysis of the Insulin Glargine Market on a global and regional level.

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Insulin Glargine Market: Overview

Insulin glargine is a basal insulin analogue whose effect persists for a long time. It is administered daily and helps to control blood sugar levels. This is used in the case of diseases like diabetes. It has microcrystals which have a peakless profile. These microcrystals release insulin and have an effect lasting up to 18 to 26 hours. Insulin glargine acts like human insulin. It replaces the natural insulin and transfers sugar from the blood to body tissues. These tissues in turn use it for energy. The liver also produces a large amount of sugar which is controlled by the intake of insulin glargine.

Some of the major factors leading to the growth of the global insulin glargine market include the rise in detection of diabetes and the increase in requirement for insulin analogs. Also, there is much advances in technology used in the field of insulin delivery instruments which further accelerate the growth of this market. Furthermore, there are many measures brought out for fast and convenient medical reimbursement policies. However, the high costs of these products and strict regulations for product approval may act as restraining factors for growth of the insulin glargine market.

Global Insulin Glargine Market: Segmentation

The study provides a decisive view on the insulin glargine market by segmenting the market based on type, application, distribution channel and region. All the segments of sequencing reagents market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of the type the market is divided into pre-filled syringe and single dose vial. The pre-filling of syringes is carried out when injections consisting of NPH and regular insulin have to be administered. Pre-filled syringe segment accounted for largest market share in 2023 whereas single dose vial segment will register highest growth over the forecast period.

Based on applications insulin glargine market has been segmented into type 1 diabetes and type 2 diabetes. Based on distribution channel the global insulin glargine market is segmented into hospital pharmacy, online sales, retail pharmacy and other distribution channels. Hospital pharmacy distribution channel segment accounted for the largest market share in 2023 whereas online sales segment is expected to register highest growth for the coming years due to increasing penetration of e-pharmacies across the globe.

Insulin Glargine Market: Report Scope

Global Insulin Glargine Market: Regional Analysis

Regions that dominate this market are North America, Europe, and Asia-Pacific. North America is the prominent player in this market due to increase in occurrence of diseases such as diabetes which require insulin glargine. There are a large number of patients and doctors who recommend the use of insulin glargine to treat diabetes. There is lack of exercise and hereditary issues leading to rise in incidence of diabetes among people of North America. Also the health infrastructure is highly sophisticated and developed resulting in the growth of the market. European markets have a large share of the market owing to a large number of cases of diabetes that have increased over the years. The incidence of diabetes increases due to the sedentary lifestyles of most people. There are many leading companies producing insulin glargine. There is rise in incidence of diseases which are causing diabetes or are a result of diabetes such as nerve problems, damage of the kidney, blindness and loss of limbs. Insulin glargine reduces risk of such diseases as well as diabetes related major problems such as a stroke or heart attack.

Asia Pacific region will experience a significant growth in its CAGR for the global insulin glargine market in the future. This is because of the readiness of patients to increase their budget for health care expenses and the steadily developing health and medical centers which has resulted in an increase in the growth of the insulin glargine market. However, the high cost of insulin delivery devices and operations for treating diabetes is stopping people from using insulin glargine and other insulin-related products; hence impeding the growth of this market. Middle East and Africa region will experience noticeable growth in the years to come but slow as compared to other countries as insulin producing products are expensive and are not affordable among local masses. Latin America is projected to exhibit moderate growth for global insulin glargine market during the forecast period.

Global Insulin Glargine Market Size: Competitive Players

• Biocon
• Sanofi-Aventis
• Novo Nordisk
• Ganlee
• Eli Lilly

This report segments the global Insulin Glargine market as follows:

Global Insulin Glargine Market: By Type

• Pre-filled syringe
• Single dose vial

Global Insulin Glargine Market: By Application

• Type 1 Diabetes
• Type 2 Diabetes

Global Insulin Glargine Market: By Distribution Channel

• Hospitals Pharmacy
• Retail Pharmacy
• Online Sales
• Other Distribution Channels

Global Insulin Glargine Market: By Region

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