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Human Insulin Market - Drugs , Type , Brands , Delivery Devices , Applications  - Forecasts to 2020

Human Insulin Market: Forecasts until 2020

  • January 2016
  • 183 pages
  • ID: 3552632
In this report:
In 2015, the insulin analogs & biosimilars segment is expected to account for the largest share of ##.##% of the human insulin drugs market in the U.S. This segment is poised to reach USD ##,##.## million by 2020 from USD ##,##.## million in 2015, growing at a CAGR of ##.##% during the forecast period.

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The overall human insulin market is poised to reach ~USD 39.13 billion by 2020 increasing at a compound annual growth rate (CAGR) of 8.10 percent between 2015 and 2022. North America (NA) is forecasted to hold the most important share of the overall human insulin market in 2015. Market increase of human insulin products is being propelled by increasing diabetes patient population, growing population exposure to main risk factors leading to diabetes, growing market demand for human insulin analogs, technological improvements in the field of human insulin delivery devices, and favorable medical reimbursements. Nevertheless, stringent regulatory requirements for product approval are selecting the rise of human insulin market. Additionally, high product manufacturing costs is posing significant challenges for industry growth during the estimate period.

In this industry report, the overall human insulin market is broken down on the basis of basis of products (human insulin biologics, insulin analogs & biosimilars, and delivery devices), drug type (rapid-acting, intermediate-acting, long-acting, short-acting, and premixed), drug brand (Lantus, NovoRapid/Novolog, Humalog, Humulin, Insuman, Actrapid, Insulatard, Mixtard, and Other Biosimilar Brands), delivery devices [insulin pens, pen needles, and conventional syringes], and applications.

Human insulin drugs segment is forecasted to account for the larger share of the overall human insulin market in 2015, succeeded by insulin delivery devices. Significant demand rise for human insulin drugs during the upcoming five years is owing to Elements such as rising market accessibility of generic human insulin products global, increasing government initiatives to support the development and commercialization of effective biosimilars, increasing R&D for drug discovery & development, and growing proportion of aging population in developed countries.

Geographically, North America continent (comprising the U.S.A and Canada (CA)) is anticipated to command the biggest share of the overall human insulin market in 2015, succeeded by Europe (EU). Asia Pacific (APAC) is also poised to grow at the highest compound annual growth rate (CAGR) during the outlook period, owing to Elements such as increasing diabetes prevalence in Asia-Pac, strengthening distribution networks of overall product manufacturers in the territory, evolving regulatory framework for marketing approvals & medical reimbursements, and increasing public awareness related to benefits suggested by human insulin in diabetes treatment.

The overall human insulin market is highly competitive, with different overall as well as local actors. In 2014, the overall human insulin devices market was dominated by Sanofi, Novo Nordisk A/S, and Eli Lilly and Organization, which together accounted for ~89.0% of the human insulin market. Geographic expansion, latest product launches, strategic agreements, collaborations, alliances, awareness campaigns, and offering research fund & grants are the main strategies approved by most market actors to accomplish increase in the overall human insulin market.

Why Purchasing This Study Can Help You:

From an insight prospect, this market research has emphasized several levels of review of the best ten market actors and company descriptions, which together comprise and examine the basic overviews on the competitive landscape, coming out and high-growth segments of the human insulin market, and high-growth areas and their respective drivers, market restraints, opportunities, and alternatives.

The market research will increase both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn help companies to collect higher market share. Companies obtaining the industry report could use any one or an aggregation of the below-mentioned five strategies (business entry, product improvement/innovative projects, industry development, industry diversification, and opposing assessment) for strengthening their market shares.

This study furnishes highlights on the following points:

-Market Penetration: Exhaustive information on the human insulin products provided by the most important 10 market actors in the overall market. The analysis examines the human insulin market by product, drug type, drug brand, delivery devices, and applications across top geographic regions

-Product Development/Innovative products: In-depth understanding on upcoming human insulin products, product pipeline, analysis and growth activities, and recent product launches in the sector

-Market Development: Highlighted information on profitable emerging sectors. The market research examines the industries for different human insulin products across main geographic regions

-Market Diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the overall human insulin market

-Competitive Assessment: Detailed assessment of market shares, strategies, products, distribution networks, and manufacturing competences of key players in the overall human insulin market

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