Non-injectable Insulin Market

Market Study on Non-injectable Insulin: PMR Foresees Various Opportunities, Analysing Technological Innovations in Inhalable and Oral Insulin Formulations, the Increasing Prevalence of Diabetes, and the Growing Demand for More Patient-Friendly Insulin Delivery Options

A Detailed Analysis of the Non-injectable Insulin Market Based on Advancements in Alternative Delivery Methods, Improving Patient Adherence, and Convenience in Managing Diabetes

Report ID: PMRREP33801

Number of Pages: 187

Format: PPT*, PDF, EXCEL

Industry: Healthcare

Published Date: January-2024

Report Price

$4900*

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Non-injectable Insulin Market

The global non-injectable insulin market is forecast to expand at a CAGR of 8.6% and thereby increase from a value of US$1.25 Bn in 2023 to US$ 2.23Bn by the end of 2030.

Attributes

Key Insights

Non-injectable Insulin Market Size (2023E)

US$1.25 Bn

Projected Market Value (2030F)

US$ 2.23 Bn

Global Market Growth Rate (CAGR 2023 to 2030)

8.6%

Historical Market Growth Rate (CAGR 2018 to 2022)

16.5%

Revenue Share of Top Four Countries (2022E)

46%

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Market Introduction and Definition

Non-injectable insulin represents a ground-breaking advancement in diabetes care, providing an alternative to traditional injectable methods. Aimed at enhancing patient compliance and reducing the stigma associated with insulin administration, non-injectable insulin offers novel delivery mechanisms such as inhalation or oral formulations. The primary objective is to improve the overall quality of life for individuals with diabetes by offering a more convenient and less invasive option for insulin therapy. By overcoming the barriers associated with needle-based injections, non-injectable insulin aligns with the broader goal of encouraging timely and consistent insulin use, ultimately contributing to better glycemic control and reducing the burden on diabetes management.

The non-injectable insulin market from 2023 to 2030 is poised for significant growth, driven by a convergence of key factors. The increasing global prevalence of diabetes and the rising demand for patient-friendly treatment options are primary market drivers. Moreover, advancements in pharmaceutical formulations and delivery technologies contribute to the expanding landscape of non-injectable insulin. Opportunities lie in overcoming existing limitations, such as achieving precise dosage control and ensuring the efficacy and safety of alternative delivery methods.

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Market Growth Drivers

Rising Prevalence of Diabetes and Patient Preference for Non-injectable Alternatives

The exponential growth of the non-injectable insulin market is propelled by the escalating global prevalence of diabetes. As the burden of diabetes continues to surge, there is a growing demand for alternative insulin delivery methods that are more patient-friendly. Non-injectable insulin options, including inhalable insulin and oral formulations, are gaining traction due to their convenience and reduced perceived discomfort. Patient preference for non-injectable alternatives, driven by factors such as needle aversion and lifestyle considerations, is a significant driver shaping the market landscape. This shift in preference underscores the need for diversified insulin delivery mechanisms to cater to the diverse needs of the diabetic population.

In addition, another key driver fueling the higher market growth of non-injectable insulin is the continuous surge in technological advancements in formulation and delivery systems. Innovations in pharmaceutical technologies have led to the development of more effective and stable non-injectable insulin options. Advanced inhalable insulin devices and oral formulations with improved bioavailability are revolutionizing the landscape, providing patients with convenient and efficient alternatives to traditional injectable insulin. The emphasis on enhancing the safety, efficacy, and user experience of non-injectable insulin is driving research and development efforts, attracting both pharmaceutical companies and patients toward this evolving segment of diabetes management.

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Market Restraints

Regulatory Challenges Impacting Market Dominance

One influential factor that could impact the market performance of non-injectable insulin is the intricate landscape of regulatory challenges. As the demand for innovative non-injectable insulin options grows, regulatory bodies face the challenge of establishing clear guidelines and standards for their approval and commercialization. The evolving nature of these technologies may outpace existing regulatory frameworks, leading to uncertainties and delays in product clearance. Achieving regulatory approval is crucial for market dominance, as it assures both healthcare professionals and patients of the safety and efficacy of non-injectable insulin formulations. Navigating these regulatory complexities effectively will be pivotal for companies seeking to establish and maintain dominance in the rapidly evolving and competitive non-injectable insulin market.

Technological Adoption Hurdles

In the Non-injectable Insulin Market, a significant challenge lies in overcoming technological adoption hurdles. While non-injectable insulin options offer promising alternatives, widespread adoption faces barriers related to technology acceptance and user familiarity. Patients and healthcare professionals may exhibit resistance or skepticism toward new delivery methods, impacting the market's growth trajectory. Overcoming these adoption hurdles requires comprehensive education and awareness campaigns, emphasizing the benefits of non-injectable insulin and addressing concerns about efficacy and usability. The success of the market hinges on effectively navigating these technological adoption challenges to ensure broad acceptance and integration into routine diabetes management.

Opportunities

Expanding Therapeutic Indications to Propose Great Promise

One significant revenue-boosting opportunity in the Non-injectable Insulin market lies in expanding therapeutic indications beyond traditional diabetes management. Exploring new applications for non-injectable insulin formulations, such as potential use in obesity-related metabolic disorders or gestational diabetes, can unlock untapped markets and cater to a broader patient demographic. By conducting rigorous research and clinical trials to validate the safety and efficacy of non-injectable insulin in varied therapeutic areas, market players can position themselves as pioneers in addressing a spectrum of metabolic conditions, creating a diversified revenue stream and elevating the market's overall growth potential.

Moreover, technological innovation in non-injectable insulin delivery systems presents a compelling opportunity to elevate revenue streams. Investing in the development of advanced inhalation devices or refining oral formulations with improved bioavailability can enhance the user experience and adherence to non-injectable insulin therapies. Introducing smart devices that enable real-time monitoring and personalized dosage adjustments can further differentiate products in the market. By staying at the forefront of technological advancements, companies can not only meet the evolving preferences of patients but also position themselves as leaders in the competitive landscape, driving revenue growth through product differentiation and enhanced market penetration.

Analyst’s Viewpoint

The Non-injectable Insulin market reveals a transformative landscape characterized by evolving patient preferences and technological innovations. The market is witnessing a paradigm shift as non-injectable insulin formulations, such as pills and sprays, gain prominence, driven by a global push for user-friendly diabetes management solutions. The gradual shift away from traditional injectable methods underscores the market's commitment to enhancing patient adherence and overall treatment experience. The Non-injectable Insulin market presents both challenges and opportunities. Overcoming technological hurdles in delivery systems and ensuring precise dosage control remain critical challenges. However, the evolving regulatory environment and the pursuit of novel therapeutic indications present lucrative opportunities for market players. Analysts must navigate these dynamics, keeping a keen eye on emerging trends and collaborations that shape the future of non-injectable insulin therapies, contributing to a patient-centric and technologically advanced landscape.

Supply-side Dynamics

The supply-side dynamics in the Non-injectable Insulin Market are characterized by a combination of technological innovation, strategic collaborations, and increasing market competition. Manufacturers in this market focus on developing cutting-edge insulin formulations and delivery devices to meet the evolving needs of healthcare providers and patients. Technological advancements play a pivotal role in enhancing the efficacy and user-friendliness of non-injectable insulin options, driving research and development investments. Moreover, strategic collaborations between pharmaceutical companies and technology providers contribute to the diversification of product portfolios and the introduction of novel delivery mechanisms. The competitive landscape is marked by efforts to differentiate products based on factors such as rapid onset of action, improved patient adherence, and the integration of smart technologies for continuous monitoring.

China assumes a crucial role as a major supplier in the Non-injectable Insulin Market, leveraging its robust manufacturing capabilities and research expertise. Chinese manufacturers contribute significantly to the production volume of non-injectable insulin, meeting the escalating global demand for these advanced diabetes management solutions. The country's competitive advantage lies in cost-effective production processes without compromising product quality. Additionally, China actively engages in research and development initiatives, contributing to technological advancements in non-injectable insulin formulations. The nation's commitment to aligning with international quality standards enhances its position as a key supplier in the global market.

Market Segmentation

Which Product Are Expected to Benefit the Most from Revenue Generation?

"Extensive Sales for Pills Due to Patient Preference and Convenience

Pills emerge as the dominant category in the Non-injectable Insulin market, primarily driven by patient preference and convenience. The oral delivery of insulin through pills offers a familiar and non-invasive method, aligning with the broader goal of improving patient compliance. Pills provide a discreet and easily manageable solution, eliminating the psychological barriers associated with injections. Furthermore, Sprays represent the fastest-growing category in the Non-injectable Insulin market, propelled by advancements in delivery technology and the quest for rapid and efficient insulin absorption. The nasal route offers a non-invasive yet effective alternative, with the potential for swift onset of action.

What Distribution Channel Will Be Targeted the Most for Installations?

Highest Percent Share Attributed to Hospital Pharmacies Owing to Healthcare Infrastructure

Hospital pharmacies emerge as the dominant distribution channel in the Non-injectable Insulin Market due to the critical role they play in healthcare infrastructure. Hospitals serve as primary centers for diabetes management, and healthcare professionals often prescribe and administer insulin within these settings. Hospital pharmacies offer a direct and controlled environment for dispensing non-injectable insulin, ensuring proper guidance and monitoring during patient education and initiation of new therapies. Furthermore, online stores are positioned as the fastest-growing distribution channel in the Non-injectable Insulin Market, driven by the evolving trends in consumer preferences and the convenience offered by e-commerce platforms. As patient autonomy and self-management gain prominence in diabetes care, individuals increasingly turn to online platforms to procure healthcare products.

Top Regional Markets

Why is Europe Emerging as a Dominating Region?

Strategic Regulatory Landscape to Fuel Growth for Easier Market Adoption

Europe is positioned as a dominating force in the Non-injectable Insulin market, primarily due to its strategic regulatory landscape. Stringent regulatory frameworks and a proactive approach to healthcare innovation create an environment conducive to the swift adoption and commercialization of advanced non-injectable insulin formulations. The European Medicines Agency's rigorous evaluation processes contribute to building trust in the safety and efficacy of these products, further fueling market dominance. Furthermore, the dominance of Europe in the Non-injectable Insulin market is reinforced by its well-established healthcare infrastructure. Accessible healthcare services, robust distribution networks, and a high level of patient awareness collectively contribute to the widespread acceptance and utilization of non-injectable insulin therapies. As the region continues to prioritize advancements in diabetes care and patient-centric solutions, Europe remains at the forefront, shaping the trajectory of the non-injectable insulin market.

What Opportunities Lies in South Asia & Pacific for Manufacturers?

Growing Diabetes Burden and Increasing Healthcare Awareness

The South Asia & Pacific region emerges as the fastest-growing market in the Non-injectable Insulin segment, primarily driven by the region's escalating diabetes burden and heightened healthcare awareness. With a rising prevalence of diabetes in countries like India and China, there is a pressing need for advanced and patient-friendly insulin delivery methods. Non-injectable insulin options, offering convenience and ease of use, align with the preferences of the diverse and expansive population in this region. Additionally, increased healthcare awareness, coupled with government initiatives promoting diabetes management, propels the adoption of non-injectable insulin. As the demand for innovative diabetes solutions intensifies, South Asia & Pacific stands out as a dynamic and rapidly expanding market in the global landscape.

Competitive Intelligence and Business Strategy

Prominent organizations, including Novo Nordisk, Sanofi, Eli Lilly, MannKind Corporation, Biocon, are at the vanguard of this sector, competitive intelligence is pivotal in navigating the dynamic landscape of the Non-injectable Insulin market. By meticulously analyzing competitors' research and development initiatives, market positioning, and regulatory strategies, companies can glean valuable insights. Understanding the evolving preferences of patients, advancements in delivery technologies, and potential breakthroughs in formulation development allows for informed decision-making. Rigorous monitoring of market entry barriers, intellectual property landscapes, and collaborations in the industry provides a comprehensive understanding of the competitive terrain. This intelligence enables companies to proactively adapt to market shifts, identify unmet needs, and position themselves strategically, ensuring a competitive edge in the rapidly evolving Non-injectable Insulin market.

Crafting a robust business strategy is imperative for sustained success. Companies must align strategies with patient-centric approaches, emphasizing user-friendly formulations and efficient delivery systems. Collaborative partnerships with research institutions can foster innovation and accelerate product development. The strategic exploration of therapeutic indications beyond traditional diabetes management adds a layer of diversification. Moreover, a proactive stance in regulatory compliance, coupled with effective marketing and educational initiatives, enhances market penetration.

Key Recent Developments

New Product Launch

In August 2023, Oramed Pharmaceuticals and Hefei Tianhui Biotech (HTIT) signed an agreement to form a joint venture to advance oral drug products. Using Oramed's oral insulin and protein delivery pipeline, the JV will advance Oramed's oral drug delivery technology globally.

Market Impact: The collaboration between Oramed Pharmaceuticals and Hefei Tianhui Biotech (HTIT) in August 2023 to establish a joint venture marks a significant stride in the Non-injectable Insulin Market. Leveraging Oramed's oral insulin and protein delivery pipeline, this partnership is poised to catalyze global advancements in oral drug delivery technology. The synergies between the two entities signal a strategic move that could potentially reshape the landscape, offering innovative solutions and influencing the trajectory of non-injectable insulin therapies.

In November 2023, NiedlFree Technologies introduced Ozulin, an oral insulin spray for patients with type 1 and 2 diabetes that would be available by 2025 or 2026 in India and worldwide.

Market Impact: The introduction of NiedlFree Technologies' Ozulin, an oral insulin spray, in November 2023 is poised to make a substantial impact on the Non-injectable Insulin Market. Set to be available globally, including in India, by 2025 or 2026, Ozulin represents a notable addition to non-injectable insulin options, potentially reshaping treatment preferences and influencing the market's trajectory with a novel and convenient administration method.

Non-injectable Insulin Market Report Scope

Attribute

Details

Forecast Period

2023 to 2030

Historical Data Available for

2018 to 2022

Market Analysis

US$ Million for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • The Middle East & Africa  

Key Countries Covered

  • United States
  • Canada
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • South Africa  

Key Market Segments Covered

  • Product
  • Distribution Channel
  • Region

Key Companies Profiled

  • Novo Nordisk
  • Sanofi
  • Eli Lilly
  • MannKind Corporation
  • Biocon
  • Janssen Pharmaceuticals
  • Adocia
  • Oramed Pharmaceuticals
  • Dance Biopharm
  • Medtronic

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives  

Customization & Pricing

Available upon request

Non-injectable Insulin Market Research Segmentation

By Product:

  • Pills
  • Sprays
  • Others

By Distribution Channel:

  • Hospital Pharmacies
  • Online Stores
  • Drug Stores

By Region:

  • North America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Latin America
  • Middle East & Africa

For report customisation and delivery information contact our sales representative.

Companies Covered in This Report

  • Novo Nordisk
  • Sanofi
  • Eli Lilly
  • MannKind Corporation
  • Biocon
  • Janssen Pharmaceuticals
  • Adocia
  • Oramed Pharmaceuticals
  • Dance Biopharm
  • Medtronic

Frequently Asked Questions

The market is anticipated to grow at a CAGR of 8.6% during the projected period.

The Non-injectable Insulin market was valued at USD 1.25 billion in 2023.

The U.S. held the largest market share in 2023.

The prominent players in the market are Novo Nordisk, Sanofi, Eli Lilly, MannKind Corporation, Biocon.

Sprays segment is expected to grow at the fastest growth during the forecast period.

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