The human insulin market is expected to be worth US$ 44.61 Bn in the year 2022 and grow 1.58 times by the year 2028. The market for human insulin is expected to reach US$ 70.67 Bn by 2028, expanding at a CAGR of 8%.
Medicines’ vertical is subject to adoption of enhanced digital technologies, which do help in mitigating the counterfeit drugs as per governments’ regulatory reforms. As such, with conventional batch production methods witnessing declination, various pharmaceutical companies are on the lookout for technology to aid in optimizing the paradigm shift with respect to pharma fulfilment supply chain. In other words, the medicine market could be witnessing an upswing in the forecast period, in line with digital transformation in the next 10 years.
Incidences of diabetes have risen dramatically over the period of time, and as the global population has grown, so has the demand for insulin. According to Persistence Market Research (PMR), the Global Human Insulin Market would be worth more than US$ 70.68 billion by 2028, witnessing a CAGR of 8% from 2022 to 2028. Extensive research activities in the insulin segments are increasing, as researchers are striving to develop the best molecule for patients’ usage while minimizing adverse effects and enhancing efficiency. The advancements in the insulin segment are expected to fuel market growth in the upcoming period.
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Company Profiles:
- Novo Nordisk A/S
- Eli Lilly and Company
- Sanofi
- Biocon
- Tonghua Dongbao Pharmaceutical Co., Ltd.
- ADOCIA
- Wockhardt
- Julphar
- Merck & Co., Inc.
- Pfizer, Inc.
- Bristol-Myers Squibb Company
- GlaxoSmithKline Plc
- Oramed Pharmaceuticals, Inc.
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Key geographies evaluated in this report are:
North America – U.S, Canada
Europe – France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC – China, India, Japan, Australia, Others
Latin America – Argentina, Brazil, Others
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PMR has presented a comprehensive report based on Human Insulin Market as per Type (Modern Human Insulin, Traditional Human Insulin), Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies), Type of Diabetes (Diabetes Type 1 and Diabetes Type 2), based on seven regions.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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