According to IMARC Group’s latest report, titled “Rapid Acting Insulin Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global rapid acting insulin market to reach a value of US$ 6.97 Billion in 2021. A rapid-acting insulin is a medication used to control blood sugar levels among diabetes patients. It can be inhaled or injected into the bloodstream using a syringe, pre-filled pen, and insulin pump. It is taken before meals and snacks to restore blood glucose to a normal level and boost the level of bolus insulin.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
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The rising prevalence of type 1 diabetes on account of exposure to viruses and low levels of vitamin D in the body represents one of the major factors bolstering the market growth. Moreover, the growing instances of neonatal jaundice in newborns, along with the escalating demand for enhanced diagnostic techniques across the globe, is driving the market. Furthermore, leading manufacturers are introducing ready-to-use rapid-acting insulin kits. These kits are accessible in pen and vials presentation and help improve glycemic control among individuals. Apart from this, they are also focusing on mergers and acquisitions (M&A), which is projected to propel market growth. On account of the aforementioned factors the market is anticipated to reach a value of US$ 9.3 Billion by 2027, growing at a CAGR of 5.20% during 2022-2027.
Competitive Landscape:
- Adocia
- Biocon Limited
- Eli Lilly and Company
- Gan & Lee Pharmaceuticals Co. Ltd.
- Geropharm
- MannKind Corporation
- Merck & Co. Inc.
- Novo Nordisk A/S
- Sanofi S.A.
- Wockhardt Ltd.
Key Market Segmentation:
Breakup by Product:
- Lispro Insulin
- Aspart Insulin
- Glulisine Insulin
Breakup by Indication:
- Type 1 Diabetes
- Type 2 Diabetes
Breakup by Distribution Channel:
- Hospital Pharmacies
- Drug Stores and Retail Pharmacies
- Online Stores
Breakup by Region:
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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