Human Insulin Market Research Report - Forecast till 2027

Human Insulin Market: Information by Type (Traditional Human Insulin (Premixed Traditional, Intermediate Acting and Short-Acting), Modern Human Insulin (Premixed Modern, Long-Acting and Rapid Acting) and Brand (Lantus, Novorapid, Humalog, Novomix, Levemir, Apidar, Humulin and Insuman)) - Forecast till 2027

ID: MRFR/Pharma/0445-CR | February 2021 | Region: Global | 117 pages

Human Insulin Market Analysis 


Human Insulin Market is expected to grow at CAGR of 12.10% to reach USD 90,812.40 Million till 2025. Diabetes is one of the world's deadliest and widespread diseases causing an average of 1.5 million deaths worldwide. The discovery of synthetic insulin is a boon for many people. The change in lifestyle and dietary habits is increasing the prevalence rate though genetics is also a major responsible factor. 


Human insulin is manufactured through genetic engineering by inserting insulin-producing genes in bacteria. This method has decreased the cost of manufacturing by several manifolds. With the rising disposable income of people, there is a high demand for human insulin worldwide. 


Covid 19 Analysis


Covid 19 had a profound impact on the human insulin market. Due to restrictions in travel and movement of goods, there were wide disruptions in the supply chain. Moreover, the temporary shut down of manufacturing units to curb the virus spread decreased the production rate. Thus, there was a huge shortage of human insulin worldwide for a short period. However, the human insulin market has shown rapid recovery post covid period.  


Market Dynamics


Drivers


The increasing prevalence of diabetes is the key factor driving the human insulin market growth. The percentage of the population suffering from obesity & diabetes has risen significantly owing to change in lifestyle and dietary habits. This is, in turn, raising the demand for human insulin.


There has been a remarkable development in insulin production technology which is further increasing its adoption rate. Newer technologies such as recombinant DNA technology have enabled mass production of insulin to meet the huge demand. Thus, this has made insulin affordable and available to reach a wider population. The ongoing research activities are also likely to increase the market value further. 


The rising disposable income of people is too a major contributor to the rising demand for insulin. Moreover, increasing awareness about the disease and easy acceptance is supporting the growth of the human insulin market.  


Restraints


The high cost of insulin analogs is the major factor hindering the human insulin market growth. Additionally, the patients suffering from diabetes need to take insulin supplements regularly, forever for their lifetime which puts a financial burden on the individuals. The need for highly skilled manpower and sophisticated manufacturing infrastructure increases the manufacturing cost. Furthermore, strict regulatory requirements for insulin approval are also a potential restraining factor. 


Technology Analysis


Human insulin is synthetic insulin manufactured in the industry to mimic natural insulin produced by the pancreatic cells in our body. It is used as an insulin supplement to treat diabetes. Insulin is a vital hormone in our body that helps in controlling blood sugar levels and the metabolism of carbohydrates, proteins, and fat.  


Human Insulin is manufactured using recombinant DNA technology by inserting an insulin-producing gene into e-coli bacteria as the host. It is used as a subcutaneous injection in the fat layer of the skin. The final product is available in vials and can be injected through syringes, insulin pumps, insulin jets, etc.   


Study Objectives


This report aims to provide a complete overview of the Human Insulin market. The specific objectives of this market report are given below: 



  • To provide a complete overview of the Human Insulin market.

  • To analyze and forecast the Human Insulin market in terms of value and volume.

  • To provide information about the impact of covid 19 on the market.

  • To identify the problems and prospects of the Human Insulin market

  • To give details about the technological know-how of human insulin.

  • To provide complete information about the regional markets and potentially growing segments.

  • To identify the key players of the human insulin industry. 


Segment Analysis 


Segmentation of the human insulin Market, by Type



  • Traditional Human Insulin

    • premixed traditional

    • Intermediate-acting

    • Short-acting 





  • Modern Human Insulin

    • Premixed modern

    • Long-acting

    • Rapid-acting




Modern human insulin is the leading market segment. The greater advantages of modern insulin especially properties like rapid action and higher efficiency increase its market value. Modern human insulin, also known as analog insulin, has a more predictable duration of action than the traditional types. 


Segmentation of the human insulin market, By Applications



  • Type 1 Diabetes

  • Type 2 Diabetes

  • Gestational

  • Prediabetes


Type - 1 diabetes leads the market segment owing to the need for regular administration of insulin. This type of diabetes is also known as insulin-dependent diabetes. In this case, pancreatic cells produce less or no insulin which raises the need for artificial supplementation.


However, type 2- diabetes is more prevalent among the other types. A study finds that about 95 % of diabetic patients suffer from type 2 diabetes. It occurs when our body doesn't make enough insulin to fulfill the body's need or is not able to utilize Insulin properties. In this case, the patient may control blood sugar level through his diet and only requires insulin in severe cases.  


Segmentation of the Human insulin market, By Brand



  • Humulin

  • Actrapid

  • Insumoc

  • Humalog

  • Apidra

  • Lantus

  • Novomix

  • Others


Among different brands, Lantus is the leading Insulin brand.  It is a long-acting insulin analog and is available in more than 120 countries. However, Apidra and Levemir are the fastest-growing market segments. The Apidra is a rapidly acting analog insulin type and Levemir is a long-acting insulin analog used as base insulin. Moreover, there is stiff competition among different brands which will bring a positive effect on the market.  


Regional Analysis 


The different regional markets for the Human Insulin market are: 



  • Americas

  • North America

    • US

    • Canada

    • Mexico



  • South America

    • Argentina

    • Brazil 





  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Rest of Europe 





  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific 





  • Rest of the world ( RoW )

    • The Middle East 




Americas occupy the lead market position owing to the greater prevalence of diabetes in this region. The rising geriatric and obese population are likely to increase the demand for insulin in this region as they are the most sufferer of diabetes. Moreover, high government expenditure on healthcare infrastructure and services provides a favorable environment for market growth.  


Asia-pacific is the fastest growing market segment. This region also houses nearly 60 percent of the world's diabetic population. Moreover, increasing the disposable income of people and improving healthcare infrastructure are fueling the market growth. Furthermore,  Fast modernization and change in lifestyle are increasing the prevalence of diabetes in this region. Moreover, the widespread presence of pharmaceutical industries and insulin manufacturing companies will boost the market growth in this region. 


Europe with a large geriatric population holds a significant share in the human insulin market. According to a report, around 60 million people in Europe suffer from diabetes. Moreover, the good presence of medical research institutes and insulin manufacturing companies makes this region a leader in the insulin trade. The Middle East and Africa segment are expected to show moderate growth over the forecast period. 


Competitive Landscape 


The major global companies playing a key role in the Human Insulin market are :



  • Adocia

  • Merck & Co.Inc

  • Julphar

  • Pfizer Inc.

  • Bristol-Myers Squibb Company

  • GlaxoSmithKline Plc

  • Sanofi

  • Oramed

  • Novo Nordisk India Pvt. Ltd.

  • Eli Lilly and Company

  • Biocon

  • Tonghua Dongbao Pharmaceutical Co., Ltd. 


Recent Developments



  • In June 2020, FDA approved Lyumjev™ (insulin lispro-AABC injection), which is new rapid-acting insulin manufactured by Eli Lilly, a leading American pharmaceutical company, 


Intended Audience


This report will be beneficial for every stakeholder of the Human Insulin market such as :



  • Insulin manufacturing companies

  • Pharmaceutical Research and Development Institutes

  • Traders and distributors

  • Investors

  • Diabetic patients 


Report Overview


This report provides an in-depth analysis of the Human Insulin market in terms of current value and future forecast. We have also highlighted the problems and prospects of the given market. Moreover, technological analysis of the product will greatly help to get details about the know-how of the product. Furthermore, this human insulin market report contains a detailed analysis of every segment of the human insulin market for the current forecast period. Human insulin market report has also highlighted the key players and the current developments in the given market. 



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2025: USD 90,812.40 Million
  • 2027: Significant Value
  •   CAGR   12.10% (2019-2025)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Modern Human Insulin and Brand
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   ADOCIA, MERCK & CO., INC., Julphar, Pfizer Inc., Bristol-Myers Squibb Company, GLAXOSMITHKLINE PLC, SANOFI, Oramed, Novo Nordisk India Pvt. Ltd, Eli Lilly and Company, BIOCON, and Tonghua Dongbao Pharmaceutical Co., Ltd.
      Key Market Opportunities   increasing affordability of human insulin
      Key Market Drivers

  • Increasing prevalence of diabetes
  • rising obesity endemic
  • rise in geriatric population
  • increasing awareness among people


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    Frequently Asked Questions (FAQ) :


    Human Insulin Market is expected to accumulate revenues at a CAGR of 12.1% By 2025.

    Human Insulin Market is driven by the large prevalence of diabetes mellitus.

    The large geriatric populace affected by diabetes and diabetes management are two of the secondary drivers which can fuel the Human Insulin Market.

    The Americas holds the largest share of the Human Insulin Market.

    Europe holds the second-largest share of the Human Insulin Market owing to heavy funds in research of diabetes.

    Oramed Pharmaceuticals, Inc., ADOCIA, Julphar, Novo Nordisk A/S, Bristol-Myers Squibb Company, Tonghua Dongbao Pharmaceuticals Co., Ltd., Biocon Ltd, Merck & Co, GlaxoSmithKline, Sanofi, and Pfizer, Inc. are major players of the Global Human Insulin Market.