Indian Human Insulin Drugs Market Analysis


  • Type: Common Disease Area
  • Published : April 2021
  • Region: Asia
  • Country: India
  • Report ID : 1339

  • Format: PPT, PDF

Indian Human Insulin Drugs Market: Segmented By Types (Traditional human insulin and Analogue insulin), By Diabetes Types (Type 1 and Type 2), By Distribution Channels (Hospital Pharmacies, Retail Pharmacies, Online pharmacies) – Growth, Trends, and Forecast (2019 – 2028)

SKU: 1339 Categories: ,

Report Overview

The Indian Human Insulin market size stood at around USD XX Billion in 2019 and is projected to reach USD XX Billion by 2028, exhibiting a CAGR of XX% during the forecast period.

India is second only to China in terms of diabetes burden. Among leading causes of death, diabetes was associated with the highest increase (XX %) in age-adjusted mortality in 2019.  In India, some insulin products are listed on the national and state essential medicines lists (EMLs) for free-of-charge provision in the public-sector health facilities. India’s central and state public health systems are under-funded and offer limited healthcare coverage to the majority of the population. Increase in population suffering from diabetes due to the unhealthy lifestyle has caused the need for proper insulin drugs and delivery devices due to its resulting treatment of diabetes. Insulin is used for the treatment or control of rising sugar levels in the body caused by patients suffering from diabetes. Insulin drugs are either orally consumed or through delivery devices with the help of syringes, or needles. There is recent development in the market for inhaling of insulin through pumps, which is expected to drive the market growth due to the need for syringe free insulin delivery.

Market Drivers

High cases and increasing amount of diabetic patients, Advancements in the market and reimbursements procedures in developed regions is also expected to drive the market growth. The other factors, the genetic factors and sedentary lifestyle along with the geriatric population share of Chinese market is fueling the demand of Human insulin market in India. Also, insufficient competition of biosimilar products combined with the lack of trust of patients on biosimilar products is estimated to accelerate the demand of human insulin in India.

1. Indian Human Insulin Market Overview…………………………………………………..
A. Market Size
2. Market Growth Drivers…………………………………………………………………
A. Increasing Prevalence of Diabetes
B. Increasing Geriatric Population and Sedentary Lifestyle
C. Insufficient Competition of Bio Similar Products
3. Types of human insulin …………………………………………………..
A. Regular (Short acting)
B. NPH(Intermediate)
C. Premixed human Insulin
4. Human Insulin Market Segmentation…………………………………………………….
A. Product types
I. Traditional insulin
II. Analogue Insulin
B. Diabetes type
I. Type 1
II. Type 2
C. Distribution channels
I. Hospital pharmacies
II. Retail pharmacies
III. Online pharmacies
5. Human Insulin Major Products Market Share……………………………………
A. Key Findings
B. Market Analysis, Insights and Forecast
6. Competitive Landscape…………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………..
A. Novo Nordisk Company overview, Product & Services, Strategies & Financials
B. Eli Lilly Company overview, Product & Services, Strategies & Financials
C. Sanofi Company overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………………
A. New Trends and Development of Human Insulin drugs market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Product type:

Based on the Product type, the market is segmented into traditional human insulin and Analogue insulin. Analogue insulin generated a higher revenue and is expected to grow at a higher rate as compared Traditional human insulin owing to the increased advantages of Analogue insulin over traditional insulin.

By Diabetes type:

Based on diabetes type, the market is segmented into Type 1 and Type 2. The type 1 Diabetes is expected to exhibit a significant CAGR over the market period as the demand of insulin is essential in this segment and in type 2 as the insulin is needed only when the other options become refractory, so the CAGR is relatively low in this segment.

By Distribution channels:

Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, online pharmacies. The retail pharmacies are expected to dominate the human insulin market in terms of revenue as because of the higher availability of insulin in the retail channels are the major driving factor for this segment. Also, the online pharmacies segment is expecting a higher adoption rates in the forecast period due to the lucrative offers. Hospital pharmacies are expected to grow at a relatively small CAGR.

Major Players

The major players operating are companies like Biocon and Wockhardt have been manufacturing insulin in India. The major players in Indian Market are Novo Nordisk, Sanofi, Eli Lilly & Company, Bioton S.A., Wockhardt Ltd. The world’s largest market of diabetes drugs Denmark- based Novo Nordisk and also the market leader in India for Insulin products. Torrent Pharma has invested Rs. 60 Cr in manufacturing in partnership with Novo Nordisk India.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy this report, please complete the form below.

    We value your inquiry and offer free customization with every report to fulfil your exact research needs.

    This website is secure and your personal details are safe.

    This report addresses

    • Market intelligence to enable effective decision making
    • Growth opportunities and trend analysis
    • Competitive benchmarking
    • Historical data & forecasts
    • Regional opportunities

    Need more?

    • Speak to our analyst to know how this research was put together
    • Add more countries or regions as part of customisation
    • Understand how this report can have direct impact on your revenue

    Get a custom report based on your requirements