PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1605768
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1605768
Non-injectable insulin market size was valued at USD 7,712 Million in 2023, expanding at a CAGR of 5.7% from 2024 to 2032.
Non-injectable insulin refers to insulin formulations delivered through alternative methods instead of traditional injections. These include oral pills, inhalable insulin, and transdermal patches. Designed to improve patient compliance and convenience, these methods bypass or reduce the need for needles while maintaining effective blood glucose control. Inhalable insulin, like Afrezza, offers rapid absorption, whereas oral insulin formulations target specific gastrointestinal absorption to mimic natural insulin release, making them innovative options in diabetes management.
Non-injectable Insulin Market- Market Dynamics
Increasing prevalence of diabetes across the globe to propel market demand
The increasing global burden of diabetes is driving demand for innovative treatment options like non-injectable insulin. Besides, non-invasive insulin delivery methods are preferred for better compliance. Studies show needle fear affects 10-25% of insulin users, promoting demand for alternatives. However, the high development costs and regulatory challenges may hamper the market growth. On the contrary, Innovations like oral insulin formulations and smart delivery systems are expected to transform diabetes management. Furthermore, government initiatives in emerging markets improve access to advanced treatments, creating potential growth opportunities for the global non-injectable insulin market.
Non-injectable Insulin Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.7% over the forecast period (2024-2032)
Based on product type segmentation, pills was predicted to show maximum market share in the year 2023
Based on therapeutic area segmentation, type 1 was the leading type in 2023
Based on distribution channel segmentation, hospital pharmacies was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Non-injectable Insulin Market is segmented on the basis of Product Type, Therapeutic Area, Distribution Channel, End User, and Region.
The market is divided into three categories based on product type: pills, sprays, and others. The pills sector dominates the market. This growth can be attributed to its ease of administration and patient preference. Rising demand for oral insulin and technological advancements drive growth.
The market is divided into three categories based on therapeutic area: gestational diabetes, type 1, and type 2. The type 2 sector dominates the market and is likely to maintain its dominance during the forecast period. This is majorly due to the rising global type 2 diabetes cases and increased adoption of non-invasive insulin therapies for enhanced patient compliance and convenience.
Non-injectable Insulin Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
The global market is expanding due to rising demand for alternative insulin delivery methods that increase patient comfort and compliance. Companies are focusing on innovations such as inhalable insulin and oral insulin formulations to reduce needle dependency. Strategic partnerships, R&D investments, and regulatory approvals are driving growth. Additionally, firms are optimizing bioavailability and absorption rates in non-injectable insulin options to offer more efficient glycemic control, targeting both type 1 and type 2 diabetes patients.
In November 2023, NiedlFree Technologies announced Ozulin, an oral insulin spray for type 1 and 2 diabetes, set to launch in Indian and global markets by 2025-26.