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Human Insulin Market Segmentation By Insulin Type (Short Acting Human Insulin, Intermediate Acting Human Insulin, Long Acting Human Insulin, Fast Acting Human Insulin and Premixed Human Insulin); By Component Type (Consumables (Drugs) and Devices); By Application (Type I Diabetes, Type II Diabetes, Gestational Diabetes, Sliding Scales and Others); By End-User (Residential and Commercial) - Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of Human Insulin Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Global Human Insulin Market Overview

Human insulin is a form of laboratory synthesized synthetic insulin which was approved for pharmaceutical use in 1982. It can be manufactured by growing insulin proteins within the Escherichia coli bacterial cells. The NPH form of human insulin requires regular repeated turning to ensure the solution’s uniform cloudiness. It holds the property of mimicking the actual properties of insulin found in humans with the provision of manufacturing large amounts at relatively lower costs. Therefore, it is also known as bio-engineered insulin in which the DNA code for making human insulin is placed inside the replicating organism and the insulin retrieved from these cells are purified and sold in synthetic form.

Market Size & Forecast

Human insulin market is anticipated to record a CAGR of 8.4% over the forecast period i.e. 2019-2027. Many multi-national companies are concentrating towards new product advances in human insulin delivery devices. Currently, the market is observing vibrant growth owing to increasing incidences of diabetes 2 in pediatric population. On account of rising disposable income in developing economies and growing healthcare expenditure, the market is estimated to expand during the forecast period. The emerging economies around the globe are further estimated to offer additional promising opportunities to the pipeline of insulin products for the manufacturers over the forecast period.

On the basis of regional platform, global human insulin market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

North America is estimated to display the highest growth in overall human insulin market over the forecast period due to increasing pediatric population suffering from type 1 diabetes across the region. Similarly, the Europe market is expected to witness a positive growth on account of rising geriatric population suffering with diabetes accompanied with rising obese population during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

Asia Pacific is expected to positively impact the market growth over the forecast period owing to increasing human insulin applications for gestational diabetes treatment. Additionally, on account of growing healthcare expenditure along with rising healthcare infrastructure across the region, Asia Pacific is budding as a regional human insulin consumption market.

Growth Drivers & Challenges

Increasing Prevalence of Diabetes and Associated Health Issues

Around 194 million people around the world have diabetes, and the World Health Organization estimates the number of incidences will reach 366 million by the year 2030. Diabetes is one of the most common health problems causing high blood sugar level resulting into excessive thirst and large amount of urine production. It sources secondary health related complications for instance hyperosmolar hyperglycemic states, diabetic ketoacidosis and other severe complications such as heart attack, stroke, leg amputation, kidney failure leading to premature death. In order to keep these health secondary issues under control, the human insulin market is estimated to increase considerably during the forecast period. Additionally, according to research carried out in University of Florida, it was discovered that the rise in type 1 diabetes is estimated to increase in the pediatric population on the heels of changing infectious, dietary, and other exposures of children in the recent years.

Diabetes death

Increasing Incidences of Diabetic Retinopathy

Growing incidences of irreversible blindness due to diabetic retinopathy and rising adoption of unhealthy diet and sedentary lifestyle is expected to drive the human insulin market significantly during the forecast period. Moreover, diabetic retinopathy is among the key causes of legal blindness in working adult population, with overall prevalence of around 34% in the total diabetes population.  This condition arises when high blood sugar levels cause damage to blood vessels in the retina. The level of sugar in blood can be controlled with the aid of human insulin which is estimated to drive the market subsequently over the forecast period.

Furthermore, increasing favorable medical reimbursements, growing geriatric population and increasing exposure of population to risk factors leading to diabetes are estimated to drive the market robustly across the globe. Besides, the increase in the number of diabetic patients is not just restricted to developed countries but is also being witnessed in developing countries across the globe which is estimated to expand the market steadily over the forecast period.

Due to Various Manufacturing Complexities and Costs

However, related manufacturing complexities along with critical regulatory requirements for the approval of biotechnologically derived products is anticipated to serve as restraining factors to the growth of the human insulin market over the forecast period. Also, the related side effects of human insulin such as hypo unawareness, tiredness and weight increase are expected to play as limiting factors for the market growth.

Market Segmentation

Our-in depth analysis of the global human insulin market includes the following segments:

By Insulin Type

  • Short Acting
  • Intermediate Acting
  • Long Acting
  • Fast Acting
  • Premixed

By Component Type

  • Consumables (Drugs)
    • Analogs
    • Biologics
  • Devices
    • Syringes
    • Pens
    • Pen Needles
    • Pumps

By Application

  • Type I Diabetes
  • Type II Diabetes
  • Gestational Diabetes
  • Sliding Scales
  • Others

By End-User

  • Residential
  • Commercial
    • Hospitals
    • Clinics
    • ASC
    • Others

By Region

Global Human Insulin Market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

human insulin market

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