The Human Insulin Market Size was evaluated at USD 1.93 billion in 2022 and is expected to expand from USD 1.98 billion in 2023 to USD 2.81 billion by 2032, with a compound annual growth rate (CAGR) of 4.9% over the forecast period (2023-2032). The market is anticipated to be valued at USD 90.8 billion by 2025. This research report extensively profiles the global human insulin market, providing readers with a complete overview of the business. The research examines the market's historical growth history, current conditions, and potential for future growth. The research provides a complete assessment of the market's historical growth trajectory, providing market statistics. Future forecasts are based on the thorough historical data presented in the paper. The study uses this platform to generate future forecasts for the human insulin market's growth trajectory during the forecast period. The research also profiles and analyzes the top players in the worldwide human insulin market. The research also examines the key drivers and restraints influencing the global human insulin market. The report delves deeply into the drivers that drive the market and those that slow it down. The paper also looks at how the COVID-19 epidemic has affected the human insulin industry.

The human insulin market caters to the demand for insulin recombinant, a bioengineered form of insulin used to manage diabetes. With a focus on safety and efficacy, recombinant insulin offers an alternative to animal-derived insulin. As diabetes prevalence rises globally, fueled by lifestyle changes, the market for human insulin continues to expand, driven by advancements in biotechnology.

Human insulin is synthetic insulin produced using E. coli bacteria. The increasing prevalence of diabetes has been the primary driver of the worldwide human insulin market. Diabetes is a chronic, noncommunicable disease that produces a variety of problems in the circulatory and cardiovascular systems. It is a primary cause of cardiovascular, pulmonary, and circulatory diseases. Diabetic nephropathy is a condition that can lead to renal failure. Diabetes's serious implications have raised public awareness in recent years. This has resulted in an increased need for human insulin. The rising prevalence of diabetes is expected to remain the primary driver of the worldwide human insulin market over the forecast period.

Research & development in the field of human insulin development is also expected to be a prominent driver of the global human insulin market during the projected period. Many companies in the human insulin market have made large investments in R&D in recent years, hoping to discover cheaper, more efficient methods of producing human insulin.

The human insulin market is evolving with the introduction of isophane insulin, a long-acting form of insulin used to manage diabetes. Isophane insulin offers stable blood glucose control over an extended period, improving patient outcomes. With rising diabetes prevalence and advancements in insulin formulations, the human insulin market, including isophane insulin, is poised for further expansion.

Competitive Leaderboard:

Leading players in the global human insulin market include Tonghua Dongbao Pharmaceutical Co. Ltd., Biocon, Eli Lilly and Company, Novo Nordisk India Pvt. Ltd., Oramed, Sanofi, GlaxoSmithKline plc, Bristol-Myers Squibb Company, Pfizer Inc., Julphar, Merck & Co. Inc., and Adocia.

In May 2019, Eli Lilly and Company brought out a cheaper alternative to its rapid-acting insulin product. The new product is called the insulin Lispro injection and is 50% cheaper than the identical medicine, Humalog U-100.

In August 2018, Novo Nordisk acquired all the shares of Ziylo. Through this acquisition, Novo Nordisk gained full rights to Ziylo's glucose binding molecule platform to develop glucose responsive insulins (GRIs). This is a critical strategic area for Novo Nordisk in its effort to develop this next generation of insulin, which would lead to safer and more effective insulin therapy.

Segmentation:

The global human insulin market is segmented based on type, brand, and region.

By type, the global human insulin market is segmented into traditional and modern human insulin. The traditional human insulin segment is further sub-segmented into premixed traditional, intermediate acting, and short-acting, whereas the modern human insulin segment is further sub-segmented into premixed modern, long-acting, and rapid-acting.

By brand, the global human insulin market is segmented into Lantus, Novorapid, Humalog, Novomix, Levemir, Apidar, Humulin, and Insurance.

Regional Analysis:

The Americas dominate the global human insulin market, followed by Europe. The growing geriatric population in these two regions is likely to remain a major driver for the human insulin market. Asia Pacific is expected to exhibit the highest CAGR over the forecast period.

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