According to The Insight Partners Insulin Market report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Insulin Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Insulin Market is based on company profiles and their efforts on increasing product value and production.
According to our new research study on "Insulin Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type and Geography," the insulin market is expected to grow from US$ 54,611.42 million in 2021 to US$ 111,213.73 million by 2028. It is estimated to grow at a CAGR of 10.8% from 2022 to 2028.
Based on type, the global insulin market is segmented into long-acting insulin, short-acting insulin & traditional human insulin, biosimilar insulin, pen & needle, rapid-acting insulin, concentrated insulin & combination insulin, glucagon-like-peptide-1 (GLP-1), pen & needle, and others. In 2021, the long-acting insulin segment held the largest market share in 2021. However, the biosimilar insulin segment is expected to register a higher CAGR during the forecast period. Major factors driving the insulin market for the long-acting insulin segment are the growing popularity of long-acting insulin due to its long-acting effect and the introduction of user-friendly drug delivery methods, such as pen and an injection port.
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Leading Insulin Market Players: Eli Lily and Company, Novo NordiskA/S, Biocon, Wockhardt, Adocia, GlaxoSmitheKline plc, Sanofi, Pfizer, Merck &Co., Inc., Tonghua Dongbao Pharmaceutical Co., Ltd., Bigfoot Biomedical, Inc.
The report highlights the prevailing trends and the factors driving the market growth. Favorable government policies and technological advances, such as the innovation of insulin pens, are expected to aid insulin demand over the next few years. However, uneven pricing coupled with the emerging economies witnessing limited access to human insulin may hamper the market in the near future.
The insulin market is bifurcated into type and geography. Based on type, the global insulin market is segmented into long-acting insulin, short-acting insulin & traditional human insulin, biosimilar insulin, pen & needle, rapid-acting insulin, concentrated insulin & combination insulin, glucagon-like-peptide-1 (GLP-1), pen & needle, and others. Based on geography, the insulin market is segmented into North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Italy, Spain, and the Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (the UAE, Saudi Arabia, South Africa, and the Rest of the Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).
Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Insulin Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Insulin Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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