The non-injectable insulin global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Non-injectable Insulin Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The non-injectable insulin market size has grown rapidly in recent years. It
will grow from $1.71 billion in 2023 to $1.92 billion in 2024 at a compound
annual growth rate (CAGR) of 12.2%. The growth in the historic period can be
attributed to patient compliance improvement, addressing needle phobia, quality
of life enhancement, ease of administration, and stable blood glucose control.
The non-injectable insulin market size is expected to see rapid growth in the
next few years. It will grow to $2.89 billion in 2028 at a compound annual
growth rate (CAGR) of 10.7%. The growth in the forecast period can be
attributed to continued patient compliance emphasis, persistent needle phobia
solutions, further quality of life improvements, continuous safety enhancement,
and reduced infection and injury risks. Major trends in the forecast period
include technological advancements, evolution of technological solutions,
digital health integration, nanotechnology applications, and combination
therapies.
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Scope Of Non-injectable Insulin Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Non-injectable Insulin Market Overview
Market Drivers -
The rising obesity and diabetes issues are expected to propel the growth of the
non-injectable insulin market going forward. Obesity is a condition
characterized by excessive accumulation of body fat, usually resulting from an
imbalance between energy intake (calories consumed) and energy expenditure,
while diabetes mellitus, often referred to simply as diabetes, is a group of
metabolic disorders characterized by high blood sugar levels over a prolonged
period. Non-injectable insulin is used to treat diabetes and obesity, with the
potential to improve management by addressing barriers to insulin therapy,
offering potential weight management benefits, and providing more convenient
treatment options. For instance, in 2022, according to the World Heart
Federation, a Switzerland-based non-governmental organization, global obesity
rates are expected to surge, with an estimated 2.3 billion people in 2021,
including children and adults, facing overweight and obesity, this is likely to
rise to 2.7 billion by 2025. Furthermore, in April 2023, according to a report
published by the British Diabetic Association, a UK-based diabetes charity, in
the UK, 4.3 million individuals have diabetes, and more than 2.4 million people
in the UK are at high risk of acquiring type 2 diabetes. Registration numbers
for 2021–22 are up 148,951 from 2020–21. Therefore, rising obesity and diabetes
issues are driving the growth of the non-injectable insulin market.
Market Trends -
Major companies operating in the non-injectable insulin market are focusing on
innovative advancements in drug delivery technologies, such as needle-free oral
insulin spray, to improve the lives of people who manage their diabetes with
multiple insulin injections. A needle-free insulin spray is a painless and
needle-free alternative for regulating blood glucose, offering a convenient
option as the doses can be sprayed directly into the mouth. For instance, in
November 2023, NiedlFree Technologies, an India-based technology platform,
introduced Ozulin, an oral insulin spray. This oral insulin spray is intended
to provide a more user-friendly solution for individuals with diabetes,
particularly those who may find traditional injectable insulin methods
challenging. If approved, Ozulin has the potential to be a game-changer for
diabetics, offering a more convenient and pain-free alternative to insulin
injections.
The non-injectable insulin market covered in this report is segmented –
1) By Type: Synthetic Insulin, Semi Synthetic Insulin
2) By Product: Pills, Sprays, Other Products
3) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Drug Stores
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Regional Insights -
North America was the largest region in the non-injectable insulin market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the non-injectable insulin market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co.
Inc., Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca,
Abbott Laboratories, GlaxoSmithKline, Takeda Pharmaceutical, Eli Lilly and
Company, Boehringer Ingelheim, Novo Nordisk A/S, Teva Pharmaceutical Industries
Ltd., Mylan N.V., Sun Pharmaceutical Industries Ltd., Ipsen S.A., Cadila
Healthcare Limited, Dr. Reddy's Laboratories Limited, Cipla Limited, Lupin
Pharmaceuticals, Glenmark Pharmaceuticals, Torrent Pharmaceuticals, Biocon
Limited, Wockhardt Limited
Table of Contents
1. Executive Summary
2. Non-injectable Insulin Market Report Structure
3. Non-injectable Insulin Market Trends And Strategies
4. Non-injectable Insulin Market – Macro Economic Scenario
5. Non-injectable Insulin Market Size And Growth
…..
27. Non-injectable Insulin Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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