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Human Insulin Market Worth $42 Billion by 2019 - New Report by MarketsandMarkets
Date:7/22/2014

man insulin market is segmented into biologics and biobetters, and biosimilars/biogenerics. Human insulin market is also segmented into traditional and modern human insulin. Of these, modern human insulin and biosimilars will be the fastest-growing market in the next five years. The major factors propelling this growth are cost effective treatment offered while using modern human insulin and low price of biosimilars/biogeneric drugs of human insulin thereby stimulating the demand for biosimilar human insulin products.

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By type of insulin, traditional human insulin is further segmented into short acting human insulin, intermediate acting human insulin, and premixed whereas Modern human insulin is fragmented into long acting human insulin, rapid acting human insulin, and premixed modern human insulin. Of all, long acting human insulin accounted for the largest share and pre-mixed human insulin will be the fastest growing market witnessing double-digit growth between 2014-2019. Lantus was the best-selling drug in the year 2013 whereas Apidra and Levemirare estimated to be the two fastest growing drugs in the human insulin market.

Geographic analysis reveals that North America is the largest contributor to the global human insulin market in 2014 and will witness moderate growth between 2014-2019. Factors driving the North American market are the growing healthcare cost that enforce more consumption of modern human insulin due to its significant cost effectiveness, spiraling aging population, expanded diabetic population, and biologics such as Lantus, Novorapid, and Novomix go
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