Market Size of UK Insulin Drugs And Delivery Devices Industry
Study Period | 2018 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 499.83 Million |
Market Size (2029) | USD 549.15 Million |
CAGR (2024 - 2029) | 1.90 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Insulin Drugs & Delivery Devices Market Analysis
The UK Insulin Drugs And Delivery Devices Market size is estimated at USD 499.83 million in 2024, and is expected to reach USD 549.15 million by 2029, growing at a CAGR of 1.9% during the forecast period (2024-2029).
One of the most significant risk factors for a severe course of COVID-19 is diabetes mellitus. This risk is believed to be influenced by several variables that are frequently present in diabetes mellitus, such as advanced age, a proinflammatory and hypercoagulable condition, hyperglycemia, and underlying comorbidities (hypertension, cardiovascular disease, chronic kidney disease, and obesity). Diabetes was quickly recognized as a risk factor for bad results during the COVID-19 pandemic. As a result, managing or delaying cases of type 2 diabetes has become more important than ever before. Several studies have confirmed that chronic diseases like diabetes are associated with adverse outcomes in COVID-19 patients.
An insulin infusion pump works as an alternative to the traditional system of daily injections or an insulin pen. Insulin infusion pumps reduce the large swings in blood glucose levels, lessen pain, and deliver more accurately than injections. The scheduling of meal timings is not required when using pumps. This makes infusion pumps more user-friendly for patients. Insulin therapy is also known as continuous subcutaneous insulin infusion (CSII). It is an efficient and flexible method of insulin delivery. The insulin pump has evolved and is more reliable than it was previously. CSII technology has witnessed numerous technological advancements, like the integration of continuous glucose monitoring with the pump. Now, insulin pumps can control the algorithm, automatically delivering the insulin after analyzing the blood glucose reading.
UK Insulin Drugs & Delivery Devices Industry Segmentation
Human insulin is administered to regulate blood sugar levels in individuals diagnosed with type 1 diabetes, a condition characterized by the body's inability to produce insulin and consequently unable to regulate blood sugar levels. It is also prescribed for individuals with type 2 diabetes, a condition where blood sugar levels are elevated due to the body's inadequate production or utilization of insulin, and oral medications alone are insufficient in managing the condition. There are several ways to give insulin subcutaneously, including a vial and syringe, an insulin pen, and continuous subcutaneous insulin infusion (CSII). The United Kingdom Insulin Drugs and Delivery Devices Market is segmented into Drugs (Basal or Long-acting Insulins, Bolus or Fast-acting Insulins, Traditional Human Insulins, Combination Insulins, and Biosimilar Insulins) and Devices (Insulin Pens, Insulin Pumps, Insulin Syringes, and Jet Injectors). The report offers the value (in USD million) and volume (in million mL) for insulin drugs and (in unit million) for the devices for the above segments.
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UK Insulin Drugs And Delivery Devices Market Size Summary
The UK insulin drugs and delivery devices market is poised for growth, driven by the increasing prevalence of diabetes and the rising demand for advanced insulin delivery solutions. The market is characterized by a shift from traditional insulin administration methods, such as daily injections, to more sophisticated systems like insulin infusion pumps. These pumps offer several advantages, including reduced blood glucose level fluctuations, less pain, and more accurate insulin delivery, making them a preferred choice for many patients. The integration of continuous glucose monitoring with insulin pumps has further enhanced their reliability and user-friendliness, contributing to their growing adoption. The market's expansion is also supported by technological innovations and advancements in insulin delivery systems, which are crucial in managing diabetes effectively.
The market landscape in the United Kingdom is consolidated, with a few key players dominating the scene. Companies like Eli Lilly, Sanofi, Novo Nordisk, Medtronic, and Ypsomed are actively involved in developing and commercializing insulin therapies, often through strategic collaborations and alliances. The COVID-19 pandemic has underscored the importance of good glycemic control, as poorly managed diabetes is linked to worse outcomes in viral infections. This has heightened the focus on insulin delivery technologies that ensure better patient care and quality of life. Regulatory bodies and health organizations are also playing a pivotal role in setting standards and facilitating collaborations among diabetes technology companies, further driving market growth.
UK Insulin Drugs And Delivery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Drug
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2.1.1 Basal or Long-acting Insulins
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2.1.1.1 Lantus (Insulin Glargine)
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2.1.1.2 Levemir (Insulin Detemir)
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2.1.1.3 Toujeo (Insulin Glargine)
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2.1.1.4 Tresiba (Insulin Degludec)
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2.1.1.5 Basaglar (Insulin Glargine)
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2.1.2 Bolus or Fast-acting Insulins
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2.1.2.1 NovoRapid/Novolog (Insulin aspart)
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2.1.2.2 Humalog (Insulin lispro)
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2.1.2.3 Apidra (Insulin glulisine)
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2.1.2.4 FIASP (Insulin aspart)
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2.1.2.5 Admelog (Insulin lispro Sanofi)
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2.1.3 Traditional Human Insulins
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2.1.3.1 Novolin/Mixtard/Actrapid/Insulatard
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2.1.3.2 Humulin
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2.1.3.3 Insuman
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2.1.4 Combination Insulins
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2.1.4.1 NovoMix (Biphasic Insulin aspart)
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2.1.4.2 Ryzodeg (Insulin degludec and Insulin aspart)
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2.1.4.3 Xultophy (Insulin degludec and Liraglutide)
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2.1.4.4 Soliqua/Suliqua (Insulin glargine and Lixisenatide)
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2.1.5 Biosimilar Insulins
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2.1.5.1 Insulin Glargine Biosimilars
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2.1.5.2 Human Insulin Biosimilars
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2.2 Device
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2.2.1 Insulin Pumps
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2.2.1.1 By Technology
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2.2.1.1.1 Tethered Insulin Pump
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2.2.1.1.2 Tubless Insulin Pump
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2.2.1.2 By Component
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2.2.1.2.1 Insulin Pump Devices
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2.2.1.2.2 Insulin Pump Reservoirs
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2.2.1.2.3 Insulin Infusion sets
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2.2.2 Insulin Pens
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2.2.2.1 Cartridges in reusable pens
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2.2.2.2 Disposable insulin pens
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2.2.3 Insulin Syringes
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2.2.4 Insulin Jet Injectors
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UK Insulin Drugs And Delivery Devices Market Size FAQs
How big is the UK Insulin Drugs And Delivery Devices Market?
The UK Insulin Drugs And Delivery Devices Market size is expected to reach USD 499.83 million in 2024 and grow at a CAGR of 1.9% to reach USD 549.15 million by 2029.
What is the current UK Insulin Drugs And Delivery Devices Market size?
In 2024, the UK Insulin Drugs And Delivery Devices Market size is expected to reach USD 499.83 million.