South Africa Insulin Market Size & Outlook, 2023-2030
The insulin market in South Africa is expected to reach a projected revenue of US$ 204.5 million by 2030. A compound annual growth rate of 3.6% is expected of South Africa insulin market from 2024 to 2030.
Revenue, 2023 (US$M)
$160.1
Forecast, 2030 (US$M)
$204.5
CAGR, 2024 - 2030
3.6%
Report Coverage
South Africa
South Africa insulin market, 2018-2030 (US$M)
Related Markets
South Africa insulin market highlights
- The South Africa insulin market generated a revenue of USD 160.1 million in 2023 and is expected to reach USD 204.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.6% 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.
Insulin market data book summary
| Market revenue in 2023 | USD 160.1 million |
| Market revenue in 2030 | USD 204.5 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Insulin analog |
| Fastest growing segment | Insulin Analog |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 0.8% of the global insulin market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa insulin market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 62.5 million by 2030.
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Insulin Market Scope
Insulin market segmentation & scope
Insulin Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 86.45% in 2023. Horizon Databook has segmented the South Africa insulin market based on insulin analog, human insulin covering the revenue growth of each sub-segment from 2018 to 2030.
- South Africa Insulin Type Outlook (Revenue, USD Million, 2018-2030)
- Insulin Analog
- Human Insulin
- South Africa Insulin Application Outlook (Revenue, USD Million, 2018-2030)
- Type 1 Diabetes
- Type 2 Diabetes
- South Africa Insulin Product Outlook (Revenue, USD Million, 2018-2030)
- Rapid-Acting Insulin
- Long-Acting Insulin
- Combination Insulin
- Biosimilar
- Other Product Types
- South Africa Insulin Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Hospital Pharmacies
- Retail & Specialty Pharmacies
- Other Distribution Channels
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Target buyers of South Africa 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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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa insulin market , including forecasts for subscribers. This country databook contains high-level insights into South Africa insulin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Africa insulin market size, by type, 2018-2030 (US$M)
South Africa Insulin Market Outlook Share, 2023 & 2030 (US$M)
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