According to the latest report by IMARC Group, titled "Human Insulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global human insulin market size reached US$ 34.8 Billion in 2019. Human insulin (HI) is a short-acting insulin that is synthesized in laboratories. Commonly utilized to mimic the function of natural insulin present in humans, it is bio-engineered by growing insulin proteins within E-coli bacteria (Escherichia coli). It is available as a solution and suspension and is required to be injected subcutaneously. It is widely employed for controlling the blood sugar levels of patients with type I and II diabetes. HI functions by aiding the sugar produced by the human body to move from the blood to other body tissues where it is used for energy. It can additionally stop the liver from producing more sugar. Apart from this, HI also assists in inhibiting the hepatic glucose production and improving the protein synthesis of the body.
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Global Human Insulin Market Trends:
The market is primarily driven by the growing incidences of diabetes and obesity on the global level. This can be attributed to the shifting dietary patterns, sedentary lifestyles led by the masses and the growing geriatric population. In addition to this, the rising awareness regarding the complications of prolonged diabetes, such as cataracts, heart attack and kidney failure, is expected to facilitate the uptake of HI by diabetic patients. Moreover, there has been a gradual shift from standard needles for administering HI to advanced alternatives. The adverse effects of using a traditional needle include infections and bloodborne pathogen transmission. This has compelled healthcare professionals to prescribe pen devices and safety pen needles to administer HI as they cause minimal discomfort. The market is further driven by the increasing preference for biosimilar drugs due to their cost-effectiveness and enhanced efficiency. Furthermore, extensive research and development (R&D) undertaken by key market players has led to the introduction of oral insulin variants. These alternatives are anticipated to offer a safe, effective and convenient method of delivering insulin therapy, which, in turn, will create a positive outlook for the market. On account of the aforementioned factors, the market is expected to exhibit moderate growth during 2020-2025.
Market Summary:
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