In terms of drugs, biosimilars drugs were expected to account for the largest market share of the human insulin market in the upcoming forecast period. Demand for biosimilar drugs is strong in both developed and developing countries due to its low-cost therapy. This is driven by the need for the best valuable treatment, which can often be expensive. Biosimilar insulin drug may offer a less-costly alternative to existing human insulin biologics.
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On the basis of drug delivery device, the pens segment is expected to account for the largest market share in 2015 followed by syringe and Pen Needle. This growth can be endorsed due to growing market focus of pen manufacturers on emerging countries such as China, India, and Brazil. Insulin pens look similar to oversized ink pens, making them a potentially convenient and discreet way of carrying insulin which makes him one of the demanding factors over the other market.
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Key market players of human insulin market include Eli Lilly, GlaxoSmithKline, Biocon, Sanofi-Aventis, Julphar, Novo Nordisk, SemBioSys, Ypsomed AG and Wockhardt.