Human Insulin Drugs And Delivery Devices Market Size

Human Insulin Drug and Delivery Device Market Analysis

The Human Insulin Drugs And Delivery Devices Market size is estimated at USD 67.45 billion in 2024, and is expected to reach USD 80.99 billion by 2029, growing at a CAGR of 3.73% during the forecast period (2024-2029).

Diabetes is generally considered a lifestyle-related disease. Over time, with the increase in population around the world, the incidences of the disease have increased outrageously. Approximately 100 million people around the world need insulin, including all the people suffering from Type 1 diabetes and between 10-25% of people with Type 2 diabetes. Although insulin has been used in the treatment of diabetes for over 90 years, globally, more than half of those who need insulin today still cannot afford and access it. 

The global increase in the population affected by type 1 diabetes has spurred significant growth in the insulin drugs and device market. Type 1 diabetes, characterized by the body's inability to produce insulin, affects millions of individuals worldwide, and its prevalence is on the rise. Factors such as sedentary lifestyles, unhealthy dietary habits, and genetic predispositions contribute to this upward trend.

With the expanding diabetic population, there is a growing demand for insulin medications and delivery devices to manage the condition effectively. Insulin remains the cornerstone of treatment for type 1 diabetes, as well as for some individuals with type 2 diabetes who require insulin therapy. As a result, pharmaceutical companies are investing in research and development to innovate new insulin formulations and delivery systems that offer improved efficacy, convenience, and safety for patients.

Moreover, advancements in technology have led to the development of insulin pumps, continuous glucose monitoring (CGM) systems, and artificial pancreas devices, which provide more precise insulin dosing and better glycemic control. These innovations have transformed diabetes management, empowering patients to lead more flexible and active lifestyles while reducing the risk of hypoglycemia and other complications.

The increasing prevalence of type 1 diabetes, coupled with advancements in insulin therapies and delivery devices, is expected to continue driving the growth of the insulin drugs and device market in the years to come. This growth presents opportunities for pharmaceutical companies, medical device manufacturers, and healthcare providers to collaborate in delivering innovative solutions that improve the quality of life for individuals living with diabetes.

Insulin Drugs and delivery devices are necessary for type-1 diabetes patients because their body doesn't produce insulin internally, type-2 diabetes patients also need insulin, particularly those who have difficulty controlling their diabetes with oral medications.