Global Insulin Market Size Worth USD 790.7 Million in 2032 | Emergen Research

Vancouver, Dec. 28, 2023 (GLOBE NEWSWIRE) -- The global insulin market size was USD 570.8 Million in 2022 and is expected to register a steady revenue CAGR of 3.3% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of obesity and diabetes globally is the primary factor driving market revenue growth. Insulin helps to normalize the absorption of glucose in circulation and control blood glucose levels. In hospitals, insulin is frequently administered intravenously, subcutaneously, and intramuscularly to treat hyperglycemia.  According to International Diabetes Federation, in 2021, diabetes affected around 537 Million persons aged 20 to 79.

In addition, technological advancements in insulin delivery devices, such as insulin pumps and wearable patch pumps, is another key factor driving revenue growth of the market. These offer a transformative approach to diabetes management by providing more precise and convenient insulin administration. For instance, insulin pumps provide continuous subcutaneous insulin infusion, mimicking the natural insulin release pattern of a healthy pancreas.  Moreover, diabetes wearable technology comprises equipment such as Continuous Glucose Monitoring (CGM) systems and insulin pumps, make managing blood sugar easier and more efficient for persons with diabetes. However, high cost of insulin becoming a concern for many patients  is a key factor, which could restrain market revenue growth.

 Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2584

Scope of Research

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2584

Major Companies and Competitive Landscape

The global insulin market is fragmented with large and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective insulin products in the market. Some major players included in the global insulin market report are:

• Novo Nordisk A/S
• Eli Lilly and Company
• Sanofi
• Biocon Limited
• Medtronic Plc.
• Pfizer Inc.
• Merck & Co., Inc.
• Becton, Dickinson and Company (BD)
• B. Braun SE
• Biomm

Strategic Development

• On 19 September 2023, Novo Nordisk announced a new partnership to develop human insulin production in South Africa as a part of an expanded commitment to provide life-saving treatment to diabetics across Africa. This new collaboration allows for the manufacture of human insulin for the African continent.
• On 19 February 2020, Abbott and Insulet Corporation, the global leader in tubeless insulin pump technology with its Omnipod Insulin Management System, announced a collaboration to integrate Abbott's world-leading1 glucose sensing technology with Insulet's next-generation tubeless system, the Omnipod Horizon Automated Insulin Delivery (AID) System (Omnipod Horizon System), to provide personalized automated insulin delivery and care to people with diabetes.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2584

Some Key Highlights from the Report

• The insulin pen segment accounted for largest revenue share in the global insulin market in 2022 due to rising demand for insulin pens as these help patients with diabetes to effectively manage their insulin doses. Insulin pen is a reusable injector pen that comes with an easy-to-use smartphone app that can assist diabetics better manage insulin delivery. This intelligent system calculates and tracks doses while also providing useful reminders, notifications, and reports.
• The type 1 diabetes segment is expected to register steadily fast revenue growth rate in the global insulin market during the forecast period. This is because insulin products can mitigate the effects of type 1 diabetes by helping people with the condition to maintain their blood sugar levels within a healthy range. This help to reduce the risk of complications from diabetes, such as heart disease, stroke, blindness, and kidney failure. According to world health organization, 1.52 million people are living with type 1 diabetes around the world were less than 20 years old.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@  https://www.emergenresearch.com/industry-report/insulin-market

Emergen Research has segmented the global insulin market on the basis of product type, route of administration, application, distribution channel, and region:

• Product Type Outlook (Revenue, USD Million; 2019–2032)

• • Long-Acting Insulin
    • Lantus
    • Levemir
    • Toujeo
    • Basaglar
    • Others
  • Fast-Acting Insulins
  • Traditional Human Insulins
    • Novorapid/Novolog
    • Humalog
    • Apidra
    • Fiasp
    • Others
  • Combination Insulin
  • Biosimilars Insulin
  • Liraglutide
  • Semaglutide
  • Others

• Route of Administration Outlook (Revenue, USD Million; 2019–2032)
  • Syringe
  • Insulin Pen
  • Insulin Pump

• Application Outlook (Revenue, USD Million; 2019–2032)
  • Type 1 Diabetes
  • Type 2 Diabetes
• Distribution Channel Outlook (Revenue, USD Million; 2019–2032)
  • Hospitals
  • Pharmacies

Others

• Regional Outlook (Revenue, USD Million; 2019-2032)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. France
    3. UK
    4. Italy
    5. Spain
    6. Benelux
    7. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Turkey
    5. Rest of Middle East & Africa

Curated Reports You Shouldn't Miss: Dive In Now!

Enteral Feeding Devices Market By Product (Enterostomy Feeding Tubes, Nasoenteric Feeding Tubes and Oroenteric Feeding Tubes), By Age Group, By Application, By End-Use, and By Region Forecast to 2030

Hospital Acquired Infection Control Market By Products & Services (Protective Barrier, Sterilization, Disinfectants, Disinfectors Endoscope Reprocessing Products, and Others), By End-Use, and By Region Forecast to 2030

Veterinary Anesthesia Equipment Market, By Product (Standalone Anesthesia Machines, Portable Anesthesia Machines, Vaporizers, and Others), By Animal Type (Small and Large), By End-Use, and By Region Forecast to 2032

Veterinary Anesthesia Equipment Market, By Product (Standalone Anesthesia Machines, Portable Anesthesia Machines, Vaporizers, and Others), By Animal Type (Small and Large), By End-Use, and By Region Forecast to 2032

Restorative Dentistry Market, By Product (Restorative Materials, Restorative Materials, and Others), By Application (Endodontics and Conservative, Prosthodontics, and Others) By End-Use, and By Region Forecast to 2030

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.coma

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-insulin-market