The Insulin Lispro Market is estimated to be valued at Us$ 4.09 Bn in 2023 and is expected to exhibit a CAGR Of 4.4% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:


Insulin lispro is a fast-acting insulin analogue that is used in the treatment of diabetes mellitus. It works by stimulating the cells of the body to take up glucose from the bloodstream for energy or storage. Insulin lispro is prescribed to patients with type 1 and type 2 diabetes who need help regulating their blood sugar levels. It has a quicker onset and shorter duration of action as compared to regular human insulin.

Market Dynamics:


The growth of the insulin lispro market is mainly driven by the rising prevalence of diabetes globally. As per the International Diabetes Federation, around 537 million adults were living with diabetes in 2021 and the number is expected to rise to 783 million by 2045. Moreover, unhealthy lifestyle habits such as lack of physical activity, obese/overweight population, and unhealthy diets have increased the risk of developing diabetes. This has significantly boosted the demand for insulin analogues such as insulin lispro for effective management of blood glucose levels in diabetes patients. Furthermore, the advantages of insulin lispro over regular human insulin in terms of quicker action and shorter duration also support its high adoption rate.

SWOT Analysis


Strength:
- Insulin lispro has fast-acting properties that help manage blood sugar levels quickly. It more closely mimics the body's natural release of insulin.
- It provides better postprandial glycemic control compared to regular human insulin.
- Easy to administer through insulin pens and pumps which enhances patient compliance.
Weakness:
- Insulin lispro has higher costs of production and treatment than regular human insulin.
- Requires stringent cold storage which increases logistical challenges.
Opportunity:
- Rising prevalence of diabetes globally due to changing lifestyle and obesity has increased demand.
- Growing adoption of injectable drug delivery devices has boosted usage of insulin analogs like lispro.
Threats:
- Competition from alternative fast-acting insulin analogs from other players.
- Side effects from long-term usage like hypoglycemia and weight gain.
- Stringent regulations for approval of biosimilar formulations.

Key Takeaways


The Global Insulin Lispro Market Size is expected to witness high growth, exhibiting CAGR of 4.4% over the forecast period, due to increasing prevalence of diabetes worldwide. People diagnosed with type 1 diabetes rely completely on daily insulin doses making this market essential.

Regional analysis:


North America dominates the market currently due to growing diabetic population and healthcare expenditure. However, Asia Pacific is fast emerging as a lucrative region owing to rising awareness, healthcare reforms and increasing obesity in countries like China and India.

Key players:


Key players operating in the Insulin Lispro market are Eli Lilly and Company, Sanofi, Novo Nordisk A/S, Merck & Co., Inc., Pfizer Inc., F. Hoffmann-La Roche Ltd., AstraZeneca PLC, Johnson & Johnson Services, Inc., Biocon Limited, Mylan N.V., Boehringer Ingelheim International GmbH, Wockhardt Ltd., Lupin Pharmaceuticals, Inc., Bioton S.A., Ypsomed AG. Eli Lilly has the highest market share currently with their Lispro-branded formulations.

Read More : http://insightsmarket.weebly.com/blog/insulin-lispro-market-is-estimated-to-witness-high-growth-owing-to-increasing-prevalence-of-diabetes