The human insulin market is expected to grow from US$ 18.95 billion in 2023 to US$ 21.04 billion by 2030, at a CAGR of 1.5% during the forecast period. The major factors driving the growth of the market include the increasing prevalence of diabetes, rising adoption of insulin analogues, and growing awareness about the benefits of human insulin.

The pancreatic beta cells are the source of the hormone insulin. It is essential to the control of blood sugar levels. It manages the processes of the body and determines how well body cells absorb amino acids. aids in the blood's absorption of glucose. A polygenic disorder is a medical illness characterized by elevated {blood sugar, blood glucose, glucose} or glucose levels in the patient. Diabetic retinopathy and diabetic nephropathy are two serious health consequences brought on by this disorder that affects the glucose in the blood tissues. People with diabetes, whose bodies are unable to produce enough insulin to regulate blood sugar levels, need to take insulin on a regular basis.

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Over the anticipated years, the market for HI analogs and the rising number of diabetes patients are anticipated to propel the human insulin market. Additionally, positive medical reimbursement scenarios and increased diabetes awareness are expected to drive the market in the upcoming years. Furthermore, the introduction of pen devices and safety pen needles for efficient insulin delivery is anticipated to drive the market during the projected period. Expanding allocations of funds towards research and development endeavors by diverse entities are anticipated to boost market expansion. There are obstacles and limitations that can prevent the market from growing.

Key Trends in the Human Insulin Market:

Some of the key trends in the human insulin market include:

• Increasing prevalence of diabetes: Diabetes is a chronic disease that affects millions of people worldwide. The prevalence of diabetes is increasing rapidly due to factors such as obesity, sedentary lifestyle, and unhealthy diet. This is driving the demand for human insulin, which is a life-saving drug for people with diabetes.
• Rising adoption of insulin analogues: Insulin analogues are a type of human insulin that is modified to improve its absorption and duration of action. Insulin analogues are more convenient and effective than traditional human insulin, and they are therefore becoming increasingly popular among patients and healthcare professionals.
• Growing awareness about the benefits of human insulin: Human insulin is a natural hormone that is produced by the beta cells of the pancreas. It is the most effective and safe type of insulin for people with diabetes. However, many people are not aware of the benefits of human insulin, and they may opt for other types of insulin, such as animal-derived insulin or synthetic insulin. This is creating an opportunity for market players to educate patients and healthcare professionals about the benefits of human insulin.

Key Takeaways:

• The global human insulin market is expected to grow from US$ 18.95 billion in 2023 to US$ 21.04 billion by 2030, at a compound annual growth rate (CAGR) of 1.5%.
• The increasing prevalence of diabetes and the adoption of insulin analogues are the key factors driving the growth of the market.
• The market is segmented by type, distribution channel, type of diabetes, and region.
• The modern human insulin segment is expected to dominate the market during the forecast period.
• The retail pharmacies segment is expected to be the largest distribution channel for human insulin.
• North America is expected to be the largest market for human insulin, followed by Europe and Asia-Pacific.

Key Players in the Human Insulin Market:

The major players in the human insulin market include:

• Novo Nordisk A/S
• Eli Lilly and Company
• Sanofi
• Tonghua Dongbao Pharmaceutical Co., Ltd.
• Biocon
• Wockhardt
• Becton, Dickinson and Company
• Insulet Corporation
• Medtronic plc
• Tandem Diabetes Care
• Ypsomed AG

These players are focusing on developing and launching new human insulin products that are more affordable and convenient for patients. They are also investing in research and development to improve the efficacy and safety of human insulin.

Segmentation:

By type:

• Modern human insulin
• Traditional human insulin

By distribution channel:

• Retail pharmacies
• Hospital pharmacies
• Online pharmacies

By type of diabetes:

• Diabetes type 1
• Diabetes type 2

By region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa