2024 Non-injectable Insulin Market Analysis: Market Size, Key Drivers, and Segment Insights
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What is the Expected Growth Rate of the Non-injectable Insulin Market from 2024 to 2033?
The non-injectable insulin market is rapidly advancing, anticipated to grow from $1.71 billion in 2023 to $1.92 billion in 2024, with a CAGR of 12.2%. Key drivers include improvements in patient compliance, addressing needle phobia, enhancing quality of life, ease of use, and stable blood glucose control.
The non-injectable insulin market is projected to see rapid growth, reaching $2.89 billion in 2028 with a CAGR of 10.7%. Factors fueling this growth include a focus on patient compliance, solutions for needle phobia, quality of life improvements, enhanced safety, and reduced infection risks. Key trends include technological advancements, evolution of solutions, digital health integration, nanotechnology applications, and combination therapies.
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What Key Factors Are Fueling the Growth of the Non-injectable Insulin Market?
The escalating issues of obesity and diabetes are projected to propel the growth of the non-injectable insulin market. Obesity is linked to excessive body fat, while diabetes is characterized by high blood sugar levels. Non-injectable insulin offers a convenient treatment option for managing these conditions. The World Heart Federation reported that global obesity rates are expected to rise from 2.3 billion in 2021 to 2.7 billion by 2025. Additionally, a report from the British Diabetic Association highlighted that 4.3 million individuals in the UK have diabetes. Consequently, these rising health concerns are fueling the non-injectable insulin market.
What Are the Major Segments of the Non-injectable Insulin Market?
1) By Type: Synthetic Insulin, Semi Synthetic Insulin
2) By Product: Pills, Sprays, Other Products
3) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Drug Stores
What New Trends Are Transforming the Non-injectable Insulin Market?
Companies in the non-injectable insulin market are advancing drug delivery technologies with needle-free oral insulin sprays. In November 2023, NiedlFree Technologies introduced Ozulin, a user-friendly oral insulin spray aimed at improving diabetes management.
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Which Regions Are Driving Growth in the Non-injectable Insulin Market?
North America was the largest region in the non-injectable insulin market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-injectable insulin market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Non-injectable Insulin Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the non-injectable insulin market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Non-injectable Insulin Market Include
1. Non-injectable Insulin Market Executive Summary
2. Non-injectable Insulin Market Segments
3. Non-injectable Insulin Market Size And Template Market Growth Rate
4. Key Non-injectable Insulin Market Trends
5. Major Non-injectable Insulin Market Drivers
……
25. Key Mergers And Acquisitions In The Non-injectable Insulin Market
26. Top Non-injectable Insulin Companies
27. Non-injectable Insulin Market Opportunities And Strategies
28. Non-injectable Insulin Market, Conclusions And Recommendations
29. Appendix
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