Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.5 Billion | USD 26.5 Billion | 3.5% | 2023 |
FrequentlyAsked Questions
A synthetic version of insulin generated by recombinant DNA processing is recombinant human insulin. Its structure is like that of the insulin created in the human pancreas naturally.
The recombinant human insulin market is driven by several factors, such as the increasing prevalence of diabetes, technological advancements, increasing R&D investment, increasing demand for insulin analogs, increasing government initiatives, and growing healthcare expenditure and awareness.
According to the report, the global recombinant human insulin market size was worth around USD 19.5 billion in 2023 and is predicted to grow to around USD 26.5 billion by 2032.
The global recombinant human insulin market is expected to grow at a CAGR of 3.5% during the forecast period.
The global recombinant human insulin market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the increasing R&D investment and presence of major players.
The global recombinant human insulin market is dominated by players like Biocon, Eli Lilly and Company, Zhuhai United Laboratories Co Ltd., Dongbao Enterprise Group Co Ltd., Sanofi S.A., Novo Nordisk A/S, Gan & Lee Pharmaceuticals Ltd., Bioton S.A., Julphar Gulf Pharmaceutical Industries and Wanbang Biopharmaceuticals Co Ltd.
- The recombinant human insulin market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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