Global Rapid Acting Insulin Market to Reach USD 11.3 Billion by 2033, Impelled by Rising Diabetic Population

December 19, 2024 | Healthcare

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According to the latest report by IMARC Group, titled "Rapid Acting Insulin Market Report by Product (Lispro Insulin, Aspart Insulin, Glulisine Insulin), Indication (Type 1 Diabetes, Type 2 Diabetes), Distribution Channel (Hospital Pharmacies, Drug Stores and Retail Pharmacies, Online Stores), and Region 2025-2033" the global rapid acting insulin market reached a value of USD 8.0 Billion in 2024. Rapid acting insulin refers to a device that is generally used for controlling glucose levels in patients suffering from diabetes. It can either be delivered via insulin pumps or administered into the bloodstream with a syringe. Apart from this, it can also be inhaled through the mouth. There has been a considerable increase in the adoption of rapid acting insulins across the globe due to the increasing awareness among the masses and the easy product availability via online and offline pharmacy retail channels.

Global Rapid Acting Insulin Market Trends:

The global market is primarily driven by the rising prevalence of diabetes among individuals. This is supported by the rising consumption of fast foods and the sedentary lifestyle led by the majority of the masses. Coupled with the increasing risks of severity and mortality among patients suffering from other chronic illnesses, this is creating a positive outlook for the market. Additionally, continuous product innovations, such as the introduction of advanced rapid acting insulins with improved glycemic control, are gaining widespread prominence among individuals and healthcare professionals. Along with this, rising investments by public and private firms for upgrading the existing healthcare infrastructure is propelling the market growth. Furthermore, numerous initiatives undertaken by the governments of multiple countries to create awareness regarding the adverse effects of diabetes, along with the importance of effective treatments, are positively influencing the market growth. Other factors, including the increasing healthcare expenditure and extensive research and development (R&D) activities conducted by key players, are also contributing to the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 11.3 Billion by 2033, growing at a CAGR of 3.9% during 2025-2033.

Market Summary:

On the basis of the product, the market has been segmented into lispro, aspart and glulisine insulins.
Based on the indication, the market has been bifurcated into type 1 and type 2 diabetes.
On the basis of the distribution channel, the market has been segregated into hospital pharmacies, drug stores and retail pharmacies and online stores.
Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players are Adocia, Biocon Limited, Eli Lilly and Company, Gan & Lee Pharmaceuticals Co. Ltd., Geropharm, MannKind Corporation, Merck & Co. Inc., Novo Nordisk A/S, Sanofi S.A., and Wockhardt Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, Indication, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Adocia, Biocon Limited, Eli Lilly and Company, Gan & Lee Pharmaceuticals Co. Ltd., Geropharm, MannKind Corporation, Merck & Co. Inc., Novo Nordisk A/S, Sanofi S.A., and Wockhardt Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Rapid Acting Insulin Market to Reach USD 11.3 Billion by 2033, Impelled by Rising Diabetic Population

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