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Human Recombinant Insulin Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

  • Report ID: GMI4246

Human Recombinant Insulin Market Size

Human Recombinant Insulin Market size will register significant growth between 2024 and 2032, driven by the escalating cases of diabetes and the imperative for insulin therapy. With the global rise in diabetes prevalence, there is an increasing need for effective insulin treatments.

According to WHO stats updated on April 2023, in 2014, 8.5% of adults aged 18 and older had diabetes. By 2019, diabetes directly contributed to 1.5 million deaths, with 48% occurring before age 70. Additionally, 460,000 deaths from kidney disease were linked to diabetes, and approximately 20% of cardiovascular deaths resulted from elevated blood glucose. Diabetes is also a leading cause of blindness, kidney failure, heart attacks, strokes, and lower limb amputation, and it saw a 3% increase in mortality rates from 2000 to 2019. In 2019, diabetes and associated kidney disease led to an estimated 2 million deaths.

Human Recombinant Insulin, derived through genetic engineering, plays a pivotal role in meeting this demand. As a critical component for managing diabetes, the market witnesses a growing inclination towards recombinant insulin owing to its effectiveness in addressing insulin deficiencies and ensuring improved patient outcomes.

The human recombinant insulin market is witnessing heightened demand, fueled by substantial investments from leading companies. Increased financial commitments reflect a growing recognition of the market's potential and the significance of insulin therapies in diabetes management. As major pharmaceutical players allocate resources to research, development, and production of Human Recombinant Insulin, the market experiences a notable boost. This influx of investments not only drives innovation and product enhancements but also ensures a steady and reliable supply of advanced insulin treatments, meeting the rising demand spurred by the global diabetes epidemic. 

In May 2023, Biotechnology firm GeneSys Biologics Pvt Ltd intended to invest between USD 50-60 million to establish a large-scale recombinant bulk manufacturing facility in Genome Valley. The facility was set to focus on producing insulin analogues, modified forms of the human hormone insulin. The Hyderabad-based company allocated about USD 50 million to its Genome Valley plant. Telangana's IT and Industries Minister, K T Rama Rao, expressed satisfaction with GeneSys' expansion plans, foreseeing positive contributions to Hyderabad's biotech sector and reinforcing the company's collaboration with US-based Civica Rx.

The human recombinant insulin market faces constraints arising from factors such as regulatory challenges, stringent approval processes, and high production costs. Strict regulations in the pharmaceutical industry contribute to prolonged timelines for product approvals, impacting market entry. Additionally, the intricate nature of genetic engineering and biotechnological processes for insulin production poses cost challenges, hindering accessibility. The market is also susceptible to potential adverse events, necessitating rigorous safety assessments. Overcoming these restraints requires strategic initiatives to streamline regulatory processes and enhance cost-effectiveness while ensuring the safety and efficacy of Human Recombinant Insulin products.

Human Recombinant Insulin Market Trends

The industry is shaped by a notable trend of increasing investments in expanding production facilities by leading pharmaceutical companies. This surge in investments aims to meet the growing demand for insulin driven by the rising prevalence of diabetes. The expansion of manufacturing plants underscores a commitment to enhancing production capacity and efficiency. As pharmaceutical giants allocate resources to scaling up their operations, this trend not only addresses market demands but also signifies a strategic response to the escalating global health challenge posed by diabetes.

To cite an instance, in February 2023, Gland Pharma announced a Rs 400 crore investment to enhance capabilities at its existing Genome Valley facility for the production of antibodies, biologicals, biosimilars, and recombinant insulin. According to a state government release, the expanded facility is expected to generate employment for over 500 qualified, skilled, and semi-skilled workers, primarily recruited from nearby areas. Established in February last year with a Rs 300 crore investment, Gland Pharma's biopharmaceutical facility at Genome Valley initially focused on manufacturing vaccines, biologicals, biosimilars, and antibodies.

Human Recombinant Insulin Market Analysis

The regular (short-acting) insulin segment will hold a substantial share in the industry over 2032 due to the growing incidences of type 1 and type 2 diabetes. With advancements in insulin pens, these shots have turned significantly popular among patients for self-administration. The increasing use of regular insulin to treat gestational diabetes and high blood potassium levels is another ideal factor for the industry expansion.

The human recombinant insulin market is set to experience substantial demand across online pharmacies between 2024-2032, led by the surging preference for e-commerce platforms. The pandemic dramatically increased the popularity of e-pharmacies worldwide, encouraging several pharma giants and e-commerce firms to enhance customer reach by providing online delivery of medications. Patients benefit from the ease of ordering and receiving insulin products at their doorstep, thus enhancing medication adherence. This trend reflects the evolving landscape of pharmaceutical distribution, aligning with consumer preferences for streamlined processes and the expanding role of online channels in meeting the demand for human recombinant insulin.

The North America human recombinant insulin market size is poised to register significant growth over 2032 owing to the rising prevalence of diabetes in the U.S. The higher adoption of unhealthy lifestyle patterns such as alcohol consumption and smoking, along with excessive intake of processed fatty foods and sedentary lifestyles, are some of the key contributors to the surging incidence rate of diabetes rate in the country. With a focus on technological advancements and patient-centric care, North America plays a pivotal role in driving innovation and adoption of human recombinant insulin.

Human Recombinant Insulin Market Share

Major companies operating in the human recombinant insulin industry competitive landscape include:

  • Gan & Lee Pharmaceuticals
  • Ltd.
  • Biocon
  • Zhuhai United Laboratories Co Ltd.
  • Sanofi S.A.
  • Eli Lilly and Company
  • Novo Nordisk A/S

These firms invest heavily in R&D to innovate new insulin formulations with improved efficacy, safety, and convenience features. Strategic collaborations with healthcare providers and research institutions facilitate clinical trials and market access for new products. Besides, streamlined manufacturing processes and supply chain optimization ensure cost efficiency and scalability. 

Robust marketing strategies and educational campaigns raise awareness about the benefits of human recombinant insulin among patients and healthcare professionals, driving demand. Moreover, adherence to stringent quality standards and regulatory compliance enhances trust and reliability. This apart, continuous monitoring of market dynamics and competitive intelligence, enables companies to adapt swiftly and capitalize on emerging opportunities, solidifying their market position.

Human Recombinant Insulin Industry News

In April 2022, The Health Ministry of Malaysia granted a three-year contract to Biocon Biologics for supplying human insulin, Insugen. Biocon Sdn. Bhd.'s Johor facility manufactures rh-Insulin formulations, including Insugen®-R, Insugen®-30/70, and Insugen®-N, which were all approved by Malaysia's National Pharmaceutical Regulatory Authority (NPRA). Biocon Sdn. Bhd. Was set to distribute these insulin formulations to Duopharma Marketing Sdn. Bhd. (DMktg), a subsidiary of Duopharma Biotech. The availability of Biocon Biologics' Insugen in government hospitals, district health offices, and health clinics will be facilitated through this partnership.

What Information does this report contain?

Historical data coverage: 2018 to 2023; Growth Projections: 2024 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
Authors: Mariam Faizullabhoy

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