North America Insulin Market Size & Outlook, 2023-2030
North America insulin market, 2018-2030 (US$M)
Related Markets
North America insulin market highlights
- The North America insulin market generated a revenue of USD 8,941.5 million in 2023.
- The market is expected to grow at a CAGR of 0.9% from 2024 to 2030.
- In terms of segment, insulin analog was the largest revenue generating type in 2023.
- Insulin Analog is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 8,941.5 million |
| Market revenue in 2030 | USD 9,510.3 million |
| Growth rate | 0.9% (CAGR from 2023 to 2030) |
| Largest segment | Insulin analog |
| Fastest growing segment | Insulin Analog |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Insulin Analog, Human Insulin |
| Key market players worldwide | Novo Nordisk A/S ADR, Eli Lilly and Co, Sanofi SA, United Laboratories International Holdings Ltd, Biocon, Wockhardt, Boehringer Ingelheim Pharma, Tonghua Dongbao Pharmaceutical, Julphar |
Other key industry trends
- In terms of revenue, North America region accounted for 45.2% of the global insulin market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,094.5 million by 2030.
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Insulin Market Scope
Insulin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America insulin market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insulin market will help companies and investors design strategic landscapes.
Insulin analog was the largest segment with a revenue share of 86.51% in 2023. Horizon Databook has segmented the North America insulin market based on insulin analog, human insulin covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of diabetes is anticipated to boost demand for insulin, thereby, driving the market growth. According to the CDC, around 37.3 million people are living with diabetes in the U.S., of which, 28.7 million are diagnosed and 8.5 million are undiagnosed cases.
Furthermore, about 96 million people aged 18 years and older have prediabetes. Thus, initiatives undertaken by key players to raise awareness about disease and insulin treatment can benefit patients & physicians, which is expected to increase market penetration over the forecast period.
For instance, in December 2019, Eli Lilly and Company initiated a campaign to increase awareness about insulin cost-saving options as per patients’ requirements.
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Target buyers of North America insulin market databook
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Our clientele includes a mix of insulin market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America insulin market , including forecasts for subscribers. This continent databook contains high-level insights into North America insulin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America insulin market size, by country, 2018-2030 (US$M)
North America Insulin Market Outlook Share, 2023 & 2030 (US$M)
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