Global Insulin Syringes Market Size, Share & Industry Trends Analysis Report By Disease (Type 2 Diabetes and Type 1 Diabetes), By Syringe Size, By End User, By Regional Outlook and Forecast, 2021 - 2027

Global Insulin Syringes Market Size, Share & Industry Trends Analysis Report By Disease (Type 2 Diabetes and Type 1 Diabetes), By Syringe Size, By End User, By Regional Outlook and Forecast, 2021 - 2027

The Global Insulin Syringes Market size is expected to reach $2.1 billion by 2027, rising at a market growth of 4.5% CAGR during the forecast period.

Insulin controls the body's fat and glucose metabolism. It is a peptide hormone that is released by beta cells in the islets of Langerhans in the pancreas and aids in glucose metabolism regulation. An insulin syringe helps diabetic individuals get their insulin in the right dosages. Insulin syringes are made up of three parts: a needle, a barrel, and a plunger, and come in a variety of sizes. The needle is generally tiny and short, and it's coated with a specific substance like silicone to let it to slip into the skin with minimum discomfort.

The chamber in which the insulin is stored is known as the barrel. It's labelled with calibrations that show how many units of insulin are being administered. The plunger is a long, thin rod that glides up and down the barrel's length. Its function is to either pull insulin into the barrel or to release insulin from the barrel via the needle. Moreover, the capacity of the insulin syringe is determined by the intended insulin dosage to be given to the diabetic patient.

The world's ageing population and expanding number of diabetes patients are two significant reasons driving the market's growth. Furthermore, rising obesity rates and individuals adopting unhealthy lifestyles contribute to market development. The growth in health-care costs is a significant element driving demand for insulin syringes.

Companies may now offer their items online as a result of increased digitization. Insulin syringes are being sold online by a growing number of firms. Diabetes affects people in both urban and rural places across the world, with 64 percent of cases occurring in cities and 36% in rural areas.

Consumers from emerging countries account for the majority of the market. The rise in diabetes cases is a big motivator for the producers. Companies may take advantage of these distinct market characteristics by establishing a strong retail distribution infrastructure. Diabetes is predicted to cost USD 286 billion in direct healthcare expenditures per year for adults aged 20 to 79 over the world.

COVID-19 Impact Analysis

The World Health Organization (WHO) designated the COVID-19 pandemic a public health emergency of worldwide significance on January 30, 2020. COVID-19 has impacted over 210 nations throughout the world. Governments throughout the world have issued country-wide lockdowns and social distancing measures in response to the COVID-19 epidemic, in order to prevent the healthcare system from collapsing. Medical treatments and elective operations were also subjected to restrictions and bans by governments. These limitations continue to hinder the growth of many businesses, and the outbreak's immediate impact differs by industry.

Diabetes patients have a higher death rate than the overall population, according to research. People with diabetes require constant insulin (given through syringes or pens) and medical attention. The lack of or irregular supply of insulin devices as a result of the pandemic can have a major impact on the health of those with diabetes, particularly those afflicted with type 1 diabetes, who are completely reliant on insulin.

Market Growth Factors:

Availability of low-cost insulin and rising R&D spending

The introduction of generic insulin and the rapidly expanding demand for innovative insulin in the regulation of blood sugar levels across both type 1 and type 2 diabetes are expected to drive the growth of the insulin sector in the market during the projected period. Lispro, a generic version of rapid-acting Humalog insulin, was announced in March 2019 by Eli Lilly and Company. It will be accessible at much more affordable prices for diabetic patients.

Reduce the dependency on medical professionals

Insulin is often used by diabetic people since it is essential to be taken on a daily basis based on the type of diabetes. As a result, going to the doctor every day to get insulin injections can be costly and time consuming. People must carve out time from their busy schedules. People are searching for easier choices as their schedules get more hectic, therefore they utilise insulin syringes. When insulin syringes were utilised, patients reported a better overall injection experience. The size of insulin syringes varies depending on the amount of insulin used.

Market Restraining Factors:

High prices of insulin syringes

Lower-income nations are facing an unsustainable financial burden as the global market shifts away from human insulin, that can be generated at a low cost, and toward more expensive analogues (synthetic insulins). Human insulin is equally effective as analogues in most cases, however analogues are at least 1.5 times more expensive, and in certain cases 3 times more expensive; three multinational businesses dominate more than 90% of the insulin market, limiting the potential for smaller companies to compete for sales. Insulin expenses in the United States have been steadily growing for years, forcing diabetics and their families to make difficult decisions.

Disease Outlook

n the basis of Disease, the insulin syringe market is segmented into Type 1 Diabetes and Type 2 Diabetes. Type 2 Diabetes would account for the largest revenue share in the Insulin Syringes Market by 2020. This is due to an increase in the global prevalence of type-2 diabetes. According to the World Health Organization, around 462 million people worldwide have type 2 diabetes in 2019, accounting for 6.28 percent of the global population.

Syringe Size Outlook

The insulin syringe market is classified into three categories based on syringe size: 3/10 CC Syringe (0.3ml), 1/2 CC Syringe (0.5ml), 1CC Syringe (1ml), and Others. In year 2020, the 1ml syringe size has taken up the majority of sales. These syringes have a 2-unit graduation and are suited for dosages more than 50 units. For an adult who requires a considerable dose of insulin, a 1 mL syringe could be the best option.

End User Outlook

n the basis on End User, the insulin syringe market is categorized into Hospitals & Clinics, Homecare Settings, and Others. Due to the rising incidence of chronic illnesses like diabetes and obesity among the population, the hospital & clinics segment earned the biggest revenue share in the insulin syringes market. Furthermore, the rapidly growing geriatric population is a major driver of the insulin syringes industry. According to the American Diabetes Association, around 34.2 million individuals were diagnosed with diabetes in 2019, with 14.3 million of those over 65 years old suffering from the disease.

Regional Outlook

Based on region, the insulin syringes market is studied across North America, Europe, Asia Pacific, and LAMEA. North America would be the leading region in the Insulin Syringes Market by 2020, with the largest revenue share. This is mostly attributable to the region's sophisticated technology and new product releases by major market participants. Diabetes is the seventh largest cause of mortality in the United States, according to the Centers for Disease Control and Prevention (CDC). Diabetes is no longer confined to wealthy countries, but is increasingly affecting low- and middle-income countries.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hindustan Syringes & Medical Devices Ltd., Novo Nordisk A/S, Biocon Limited, Eli Lilly and Company, Abbott Laboratories, Becton, Dickinson and Company, Cardinal Health, Inc., Medline Industries, Inc., Terumo Corporation, and Nipro Corporation.

Strategies Deployed in Insulin Syringes Market

ct-2021: Eli Lilly formed a partnership with Cipla, the Indian multinational pharmaceutical company. This partnership focused on strengthening the outreach of Lilly’s Diabetes products, Trulicity, and Humalog in India. Additionally, Lilly would transfer all its rights with regulatory approvals to Cipla for promoting, distributing, and selling the Trulicity & Humalog in India.

Aug-2021: Eli Lilly received approval from the US FDA approval for Lyumjev, rapid-acting insulin. Through this approval, the continuous 100 units/mL subcutaneous insulin infusion (CSII) with an insulin pump would help adults with type 1 and type 2 diabetes to regulate glycemic levels.

Jul-2021: Biocon Biologics and Viatris received FDA approval for Semglee, the first interchangeable biosimilar product. Through this approval, pharmacy counters would witness, Lantus substitution Semglee, introduced in the market by the end of this year.

Aug-2020: Biocon Biologics India, an entity of Biocon, teamed up with Mylan N.V, a generic and specialty Pharmaceuticals Company. Following this, the companies would introduce Semglee, an insulin glargine injection, in the U.S. Additionally, the companies aimed to assist pediatric as well as adult patients with type 1 and type 2 diabetes, to regulate high blood sugar, further, the product would be available in a vial and pre-filled pen presentations.

Mar-2019: Eli Lilly unveiled a lower-priced version of Humalog of 100 units/mL in the United States. Through this launch, the company would offer a half-price insulin option of Humalog, to diabetic patients.

Feb-2019: Abbott came into a partnership with Novo Nordisk, the multinational pharmaceutical company. Under this partnership, the companies would combine Novo Nordisk pre-filled dose data along with durable connected pens into the FreeStyle Libre system adopted by digital health devices. Moreover, this partnership aimed to provide connected insulin pens and continuous glucose monitoring in order to make diabetes management easier.

Jan-2019: Becton and Dickinson Company received FDA approval for its second-generation BD Nano pen needle, more reliable subcutaneous injection. Through this approval, the product provides better diabetes management for reliable people who inject diabetes medications subcutaneously.

Aug-2018: Novo Nordisk took over Ziylo, a supramolecular chemistry company. With this Acquisition, Novo Nordisk would strengthen its portfolio of synthetic glucose binding molecules, its platform technology, for therapeutic and diagnostic applications.

Scope of the Study

Market Segments covered in the Report:

By Disease

  • Type 2 Diabetes and
  • Type 1 Diabetes
By Syringe Size
  • 3/10 CC Syringe (0.3ml)
  • 1/2 CC Syringe (0.5ml)
  • 1CC Syringe (1ml) and
  • Others
By End User
  • Hospitals & Clinics
  • Homecare Settings, and
  • Others
By Geography
  • North America
oUS

Canada

Mexico

Rest of North America
  • Europe
oGermany

UK

France

Russia

Spain

Italy

Rest of Europe
  • Asia Pacific
oChina

Japan

India

South Korea

Singapore

Malaysia

Rest of Asia Pacific
  • LAMEA
oBrazil

Argentina

UAE

Saudi Arabia

South Africa

Nigeria

Rest of LAMEA

Companies Profiled
  • Hindustan Syringes & Medical Devices Ltd.
  • Novo Nordisk A/S
  • Biocon Limited
  • Eli Lilly and Company
  • Abbott Laboratories
  • Becton, Dickinson and Company
  • Cardinal Health, Inc.
  • Medline Industries, Inc.
  • Terumo Corporation
  • Nipro Corporation
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Insulin Syringes Market, by Disease
1.4.2 Global Insulin Syringes Market, by Syringe Size
1.4.3 Global Insulin Syringes Market, by End User
1.4.4 Global Insulin Syringes Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Insulin Syringes Market by Disease
3.1 Global Type 2 Diabetes Market by Region
3.2 Global Type 1 Diabetes Market by Region
Chapter 4. Global Insulin Syringes Market by Syringe Size
4.1 Global 3/10 CC Syringe (0.3ml) Market by Region
4.2 Global 1/2 CC Syringe (0.5ml) Market by Region
4.3 Global 1CC Syringe (1ml) Market by Region
4.4 Global Other Syringe Size Market by Region
Chapter 5. Global Insulin Syringes Market by End User
5.1 Global Hospitals & Clinics Market by Region
5.2 Global Homecare Settings Market by Region
5.3 Global Others Market by Region
Chapter 6. Global Insulin Syringes Market by Region
6.1 North America Insulin Syringes Market
6.1.1 North America Insulin Syringes Market by Disease
6.1.1.1 North America Type 2 Diabetes Market by Country
6.1.1.2 North America Type 1 Diabetes Market by Country
6.1.2 North America Insulin Syringes Market by Syringe Size
6.1.2.1 North America 3/10 CC Syringe (0.3ml) Market by Country
6.1.2.2 North America 1/2 CC Syringe (0.5ml) Market by Country
6.1.2.3 North America 1CC Syringe (1ml) Market by Country
6.1.2.4 North America Other Syringe Size Market by Country
6.1.3 North America Insulin Syringes Market by End User
6.1.3.1 North America Hospitals & Clinics Market by Country
6.1.3.2 North America Homecare Settings Market by Country
6.1.3.3 North America Others Market by Country
6.1.4 North America Insulin Syringes Market by Country
6.1.4.1 US Insulin Syringes Market
6.1.4.1.1 US Insulin Syringes Market by Disease
6.1.4.1.2 US Insulin Syringes Market by Syringe Size
6.1.4.1.3 US Insulin Syringes Market by End User
6.1.4.2 Canada Insulin Syringes Market
6.1.4.2.1 Canada Insulin Syringes Market by Disease
6.1.4.2.2 Canada Insulin Syringes Market by Syringe Size
6.1.4.2.3 Canada Insulin Syringes Market by End User
6.1.4.3 Mexico Insulin Syringes Market
6.1.4.3.1 Mexico Insulin Syringes Market by Disease
6.1.4.3.2 Mexico Insulin Syringes Market by Syringe Size
6.1.4.3.3 Mexico Insulin Syringes Market by End User
6.1.4.4 Rest of North America Insulin Syringes Market
6.1.4.4.1 Rest of North America Insulin Syringes Market by Disease
6.1.4.4.2 Rest of North America Insulin Syringes Market by Syringe Size
6.1.4.4.3 Rest of North America Insulin Syringes Market by End User
6.2 Europe Insulin Syringes Market
6.2.1 Europe Insulin Syringes Market by Disease
6.2.1.1 Europe Type 2 Diabetes Market by Country
6.2.1.2 Europe Type 1 Diabetes Market by Country
6.2.2 Europe Insulin Syringes Market by Syringe Size
6.2.2.1 Europe 3/10 CC Syringe (0.3ml) Market by Country
6.2.2.2 Europe 1/2 CC Syringe (0.5ml) Market by Country
6.2.2.3 Europe 1CC Syringe (1ml) Market by Country
6.2.2.4 Europe Other Syringe Size Market by Country
6.2.3 Europe Insulin Syringes Market by End User
6.2.3.1 Europe Hospitals & Clinics Market by Country
6.2.3.2 Europe Homecare Settings Market by Country
6.2.3.3 Europe Others Market by Country
6.2.4 Europe Insulin Syringes Market by Country
6.2.4.1 Germany Insulin Syringes Market
6.2.4.1.1 Germany Insulin Syringes Market by Disease
6.2.4.1.2 Germany Insulin Syringes Market by Syringe Size
6.2.4.1.3 Germany Insulin Syringes Market by End User
6.2.4.2 UK Insulin Syringes Market
6.2.4.2.1 UK Insulin Syringes Market by Disease
6.2.4.2.2 UK Insulin Syringes Market by Syringe Size
6.2.4.2.3 UK Insulin Syringes Market by End User
6.2.4.3 France Insulin Syringes Market
6.2.4.3.1 France Insulin Syringes Market by Disease
6.2.4.3.2 France Insulin Syringes Market by Syringe Size
6.2.4.3.3 France Insulin Syringes Market by End User
6.2.4.4 Russia Insulin Syringes Market
6.2.4.4.1 Russia Insulin Syringes Market by Disease
6.2.4.4.2 Russia Insulin Syringes Market by Syringe Size
6.2.4.4.3 Russia Insulin Syringes Market by End User
6.2.4.5 Spain Insulin Syringes Market
6.2.4.5.1 Spain Insulin Syringes Market by Disease
6.2.4.5.2 Spain Insulin Syringes Market by Syringe Size
6.2.4.5.3 Spain Insulin Syringes Market by End User
6.2.4.6 Italy Insulin Syringes Market
6.2.4.6.1 Italy Insulin Syringes Market by Disease
6.2.4.6.2 Italy Insulin Syringes Market by Syringe Size
6.2.4.6.3 Italy Insulin Syringes Market by End User
6.2.4.7 Rest of Europe Insulin Syringes Market
6.2.4.7.1 Rest of Europe Insulin Syringes Market by Disease
6.2.4.7.2 Rest of Europe Insulin Syringes Market by Syringe Size
6.2.4.7.3 Rest of Europe Insulin Syringes Market by End User
6.3 Asia Pacific Insulin Syringes Market
6.3.1 Asia Pacific Insulin Syringes Market by Disease
6.3.1.1 Asia Pacific Type 2 Diabetes Market by Country
6.3.1.2 Asia Pacific Type 1 Diabetes Market by Country
6.3.2 Asia Pacific Insulin Syringes Market by Syringe Size
6.3.2.1 Asia Pacific 3/10 CC Syringe (0.3ml) Market by Country
6.3.2.2 Asia Pacific 1/2 CC Syringe (0.5ml) Market by Country
6.3.2.3 Asia Pacific 1CC Syringe (1ml) Market by Country
6.3.2.4 Asia Pacific Other Syringe Size Market by Country
6.3.3 Asia Pacific Insulin Syringes Market by End User
6.3.3.1 Asia Pacific Hospitals & Clinics Market by Country
6.3.3.2 Asia Pacific Homecare Settings Market by Country
6.3.3.3 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Insulin Syringes Market by Country
6.3.4.1 China Insulin Syringes Market
6.3.4.1.1 China Insulin Syringes Market by Disease
6.3.4.1.2 China Insulin Syringes Market by Syringe Size
6.3.4.1.3 China Insulin Syringes Market by End User
6.3.4.2 Japan Insulin Syringes Market
6.3.4.2.1 Japan Insulin Syringes Market by Disease
6.3.4.2.2 Japan Insulin Syringes Market by Syringe Size
6.3.4.2.3 Japan Insulin Syringes Market by End User
6.3.4.3 India Insulin Syringes Market
6.3.4.3.1 India Insulin Syringes Market by Disease
6.3.4.3.2 India Insulin Syringes Market by Syringe Size
6.3.4.3.3 India Insulin Syringes Market by End User
6.3.4.4 South Korea Insulin Syringes Market
6.3.4.4.1 South Korea Insulin Syringes Market by Disease
6.3.4.4.2 South Korea Insulin Syringes Market by Syringe Size
6.3.4.4.3 South Korea Insulin Syringes Market by End User
6.3.4.5 Singapore Insulin Syringes Market
6.3.4.5.1 Singapore Insulin Syringes Market by Disease
6.3.4.5.2 Singapore Insulin Syringes Market by Syringe Size
6.3.4.5.3 Singapore Insulin Syringes Market by End User
6.3.4.6 Malaysia Insulin Syringes Market
6.3.4.6.1 Malaysia Insulin Syringes Market by Disease
6.3.4.6.2 Malaysia Insulin Syringes Market by Syringe Size
6.3.4.6.3 Malaysia Insulin Syringes Market by End User
6.3.4.7 Rest of Asia Pacific Insulin Syringes Market
6.3.4.7.1 Rest of Asia Pacific Insulin Syringes Market by Disease
6.3.4.7.2 Rest of Asia Pacific Insulin Syringes Market by Syringe Size
6.3.4.7.3 Rest of Asia Pacific Insulin Syringes Market by End User
6.4 LAMEA Insulin Syringes Market
6.4.1 LAMEA Insulin Syringes Market by Disease
6.4.1.1 LAMEA Type 2 Diabetes Market by Country
6.4.1.2 LAMEA Type 1 Diabetes Market by Country
6.4.2 LAMEA Insulin Syringes Market by Syringe Size
6.4.2.1 LAMEA 3/10 CC Syringe (0.3ml) Market by Country
6.4.2.2 LAMEA 1/2 CC Syringe (0.5ml) Market by Country
6.4.2.3 LAMEA 1CC Syringe (1ml) Market by Country
6.4.2.4 LAMEA Other Syringe Size Market by Country
6.4.3 LAMEA Insulin Syringes Market by End User
6.4.3.1 LAMEA Hospitals & Clinics Market by Country
6.4.3.2 LAMEA Homecare Settings Market by Country
6.4.3.3 LAMEA Others Market by Country
6.4.4 LAMEA Insulin Syringes Market by Country
6.4.4.1 Brazil Insulin Syringes Market
6.4.4.1.1 Brazil Insulin Syringes Market by Disease
6.4.4.1.2 Brazil Insulin Syringes Market by Syringe Size
6.4.4.1.3 Brazil Insulin Syringes Market by End User
6.4.4.2 Argentina Insulin Syringes Market
6.4.4.2.1 Argentina Insulin Syringes Market by Disease
6.4.4.2.2 Argentina Insulin Syringes Market by Syringe Size
6.4.4.2.3 Argentina Insulin Syringes Market by End User
6.4.4.3 UAE Insulin Syringes Market
6.4.4.3.1 UAE Insulin Syringes Market by Disease
6.4.4.3.2 UAE Insulin Syringes Market by Syringe Size
6.4.4.3.3 UAE Insulin Syringes Market by End User
6.4.4.4 Saudi Arabia Insulin Syringes Market
6.4.4.4.1 Saudi Arabia Insulin Syringes Market by Disease
6.4.4.4.2 Saudi Arabia Insulin Syringes Market by Syringe Size
6.4.4.4.3 Saudi Arabia Insulin Syringes Market by End User
6.4.4.5 South Africa Insulin Syringes Market
6.4.4.5.1 South Africa Insulin Syringes Market by Disease
6.4.4.5.2 South Africa Insulin Syringes Market by Syringe Size
6.4.4.5.3 South Africa Insulin Syringes Market by End User
6.4.4.6 Nigeria Insulin Syringes Market
6.4.4.6.1 Nigeria Insulin Syringes Market by Disease
6.4.4.6.2 Nigeria Insulin Syringes Market by Syringe Size
6.4.4.6.3 Nigeria Insulin Syringes Market by End User
6.4.4.7 Rest of LAMEA Insulin Syringes Market
6.4.4.7.1 Rest of LAMEA Insulin Syringes Market by Disease
6.4.4.7.2 Rest of LAMEA Insulin Syringes Market by Syringe Size
6.4.4.7.3 Rest of LAMEA Insulin Syringes Market by End User
Chapter 7. Company Profiles
7.1 Hindustan Syringes & Medical Devices Ltd.
7.1.1 Company Overview
7.2 Novo Nordisk A/S
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental & Regional Analysis
7.2.4 Research & Development Expenses
7.2.1 Recent strategies and developments:
7.2.1.1 Acquisitions and Mergers:
7.3 Biocon Limited
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.4 Eli Lilly and Company
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent Strategies and Developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.4.5.3 Approvals and Trials:
7.5 Abbott Laboratories
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.6 Becton, Dickinson and Company
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Approvals and Trials:
7.9 Terumo Corporation
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental Analysis
7.10. Nipro Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses

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