According to the recent report titled ‘Global Human Insulin Market Size study, By Product Type (Insulin Analogs and Biosimilars (Rapid-acting, Long-acting, Premixed), Human Insulin Biologics (Short-acting, Intermediate-acting, Premixed)), By Type (Insulin Analogs and Biosimilars (Long-Acting Biosimilars, Rapid-Acting Biosimilars, Premixed Biosimilars), HI Biologics (Short-Acting Biologics, Intermediate-Acting Biologics, Premixed Biologics)), By Delivery Devices (Pens, Pen Needles, Syringes), By Brand (Insulin Analogs and Biosimilars (Lantus, NovoRapid/Novolog, Humalog, Other Brands), Human Insulin Biologics (Actrapid, Insulatard, and Mixtard, Humulin, Insuman)), By Application (Type I Diabetes, Type II Diabetes), and Regional Forecasts 2022-2028’ available with MarketStudyReport, global human insulin market was valued USD 42.30 billion in 2021 and is expected to reach USD 72.97 billion by 2028, progressing at 8.1% CAGR through the forecast duration.

The growing number of diabetic patients, technological developments, availability of favorable medical reimbursements and increasing demand for HI analogs are the primary factors that are augmenting the growth for global human insulin market.

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Human insulin helps the body's tissues absorb sugar from the blood so that they may use it as fuel. It also stops the liver from making more sugar. By inserting insulin-producing genes into bacteria, human insulin can be produced by genetic engineering, thus allowing to reduce manufacturing costs.

Additionally, it is anticipated that the growth of emerging economies and expected patent expirations of leading HI medications will catalyze the overall market growth. However, stringent regulatory requirements for product approval and high manufacturing costs could impede the market growth over the forecast period.

Worldwide human insulin marketplace is segmented into product type, by type, delivery devices, brand type, application model, and regional analysis. By product type, the market is divided into insulin analogs and biosimilars, and human insulin biologics. The insulin analogs biosimilar segment is further split into long-acting, rapid-acting, and premixed. Meanwhile, the human insulin biologics segment is segregated into short-acting, intermediate-acting, and premixed.

By types, this marketplace is segregated into HI Biologics and into insulin analogs, and biosimilars. On the basis of delivery devices, the market is bifurcated into pen needles, pens, and syringes.

By brand, the insulin analogs and biosimilars segment of global human insulin business space is split into Lantus, Humalog, Novorapid/Novolog, and other brands. Similarly, based on brand human insulin biologics, the market is divided into Actrapid, Insulatard, and Mixtard, Humulin, and Insuman.

Moving forward, the application scope of this industry vertical comprises of Type I Diabetes, and Type II Diabetes.

The geographical terrain of global human insulin market sphere spans Europe, Asia Pacific, North America, Latin America, and the rest of the world. North America market is expected to witness continuous growth during the forecast timeline, due to the presence of leading players and rising technological advancements.

The competitive landscape of global human insulin industry vertical consists of key players such as Sanofi S.A., Biodel Inc., Novo Nordisk A/S, B. Braun Meselgen AG, Eli Lilly and Company, Wockhardt Ltd., Biocon Ltd., Becton, Dickinson, and Company, Julphar, and Ypsomed AG.