Key Insights
The South Korea insulin drugs and delivery devices market, valued at $756.38 million in 2025, is projected to experience steady growth driven by increasing prevalence of diabetes, an aging population, and rising healthcare expenditure. The market's Compound Annual Growth Rate (CAGR) of 2.34% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key segments driving this growth include basal and long-acting insulins, reflecting a preference for convenient and effective therapies. The increasing adoption of insulin pens and pumps, fueled by technological advancements and improved patient convenience, contributes significantly to the delivery device segment's growth. However, the market's growth is somewhat tempered by factors such as high drug costs, potentially limiting access for certain segments of the population and the ongoing challenges associated with managing chronic conditions like diabetes. Competition among major players like Sanofi, Novo Nordisk, Eli Lilly, and Medtronic, along with the emergence of biosimilars, further shapes the market landscape, impacting pricing and market share. The increasing emphasis on patient education and improved disease management strategies could accelerate market growth in the forecast period.
This market demonstrates a balanced growth trajectory, shaped by both positive and limiting factors. The increasing diabetic population necessitates continued innovation in insulin delivery systems, fostering demand for advanced technologies such as insulin pumps and pens. Furthermore, the development and introduction of novel insulin analogs offering enhanced efficacy and reduced side effects will contribute to increased market value. Despite these opportunities, challenges such as affordability concerns and government regulations regarding healthcare reimbursement will likely continue to influence market expansion. The robust presence of major pharmaceutical and medical device companies indicates a competitive but ultimately dynamic market, poised for continued, albeit measured, growth throughout the forecast period.
This comprehensive report provides an in-depth analysis of the South Korea insulin drugs and delivery devices market, encompassing market dynamics, growth trends, competitive landscape, and future outlook. The study period covers 2019-2033, with a base year of 2025 and a forecast period of 2025-2033. This report is essential for industry professionals, investors, and stakeholders seeking a thorough understanding of this dynamic market. The parent market is the South Korean pharmaceutical market, and the child market is specifically insulin therapy products.

South Korea Insulin Drugs And Delivery Devices Market Market Dynamics & Structure
The South Korean insulin drugs and delivery devices market is characterized by a moderately concentrated landscape, with key players like Sanofi, Novo Nordisk, Eli Lilly, and Medtronic holding significant market share. The market is driven by rising prevalence of diabetes, technological advancements in insulin delivery systems (e.g., insulin pumps, pens), and supportive government initiatives. Regulatory frameworks, including pricing policies and reimbursement schemes, play a crucial role in shaping market access. The market also witnesses consistent technological innovations, including biosimilars and advanced insulin delivery devices, while facing challenges from the introduction of competitive product substitutes.
- Market Concentration: The top 5 players account for approximately xx% of the market in 2025 (estimated).
- Technological Innovation Drivers: Biosimilar development, smart insulin delivery systems, integration with continuous glucose monitors (CGMs).
- Regulatory Framework: Stringent regulatory approvals, pricing controls impacting market access and profitability.
- Competitive Product Substitutes: Competition from generic and biosimilar insulin products, impacting pricing strategies.
- End-User Demographics: Aging population and increasing prevalence of diabetes are key drivers.
- M&A Trends: Recent acquisitions, like Medtronic's acquisition of EOFlow in May 2023, highlight the strategic importance of innovative delivery systems. The number of M&A deals in the period 2019-2024 totaled xx.
South Korea Insulin Drugs And Delivery Devices Market Growth Trends & Insights
The South Korean insulin drugs and delivery devices market exhibits robust growth, driven by increasing diabetes prevalence and improvements in healthcare infrastructure. The market size is projected to reach xx million units by 2033, registering a CAGR of xx% during the forecast period. This growth is fueled by factors such as rising disposable incomes, increased awareness about diabetes management, and the growing adoption of advanced insulin delivery devices, such as insulin pumps and continuous glucose monitoring (CGM) systems. Further, the government's initiatives to improve healthcare accessibility and affordability play a significant role in increasing market penetration. Consumer behavior shifts towards a preference for user-friendly and technologically advanced devices contribute significantly to market expansion.

Dominant Regions, Countries, or Segments in South Korea Insulin Drugs And Delivery Devices Market
The South Korean insulin drugs and delivery devices market demonstrates robust growth across various segments. While data for precise regional breakdowns is limited, the urban areas of Seoul and other major metropolitan regions are expected to dominate due to higher diabetes prevalence and better healthcare access. The segment of insulin pens shows a higher market share due to their convenience and affordability compared to insulin pumps. The rapidly growing Biosimilar Insulins segment is projected to witness significant growth due to cost-effectiveness. Basal or long-acting insulin is expected to dominate in terms of drug types due to better glycemic control and once-daily/weekly administration regimens.
Key Growth Drivers:
- Increasing prevalence of type 1 and type 2 diabetes.
- Growing awareness and better management of diabetes.
- Rising disposable incomes and improved healthcare access.
- Government initiatives to improve healthcare affordability.
- Preference for convenience and technologically advanced devices.
Dominant Segments (2025 Estimated):
- Drug: Basal or Long-acting Insulins (xx million units)
- Device: Insulin Pens (xx million units)
South Korea Insulin Drugs And Delivery Devices Market Product Landscape
The market offers a diverse range of insulin drugs and delivery devices, including traditional human insulins, combination insulins, biosimilar insulins, insulin pumps, insulin pens, insulin syringes, and insulin jet injectors. Recent innovations focus on improving convenience, efficacy, and patient compliance. Products feature advanced features like integrated CGM systems, smart connectivity, and improved accuracy in insulin delivery. Companies are emphasizing features such as smaller device size, ease of use, and reduced pain during injection to cater to the growing consumer demands.
Key Drivers, Barriers & Challenges in South Korea Insulin Drugs And Delivery Devices Market
Key Drivers:
- Rising prevalence of diabetes: South Korea has a high and growing rate of diabetes.
- Technological advancements: Innovations in insulin delivery devices enhance efficacy and convenience.
- Government initiatives: Government support for diabetes management programs drives market growth.
Key Challenges:
- High cost of insulin and devices: The price of innovative products can limit accessibility for some patients.
- Regulatory hurdles: Stringent approval processes can slow down product launches.
- Competition: Intense competition among existing and new market entrants.
Emerging Opportunities in South Korea Insulin Drugs And Delivery Devices Market
- Untapped rural markets: Expanding access to insulin therapy in less-developed areas presents opportunities.
- Personalized medicine: Tailoring insulin regimens to individual needs improves efficacy.
- Digital health integration: Using technology to monitor and manage diabetes remotely improves patient care.
Growth Accelerators in the South Korea Insulin Drugs And Delivery Devices Market Industry
Technological breakthroughs, such as the development of advanced insulin delivery systems integrated with CGMs and smart technology, are accelerating market growth. Strategic partnerships between pharmaceutical companies and technology providers further enhance innovation. Expanding into underserved rural markets through public-private partnerships can significantly boost market expansion.
Key Players Shaping the South Korea Insulin Drugs And Delivery Devices Market Market
- Ypsomed
- Medtronic
- Novo Nordisk
- Julphar
- Eli Lilly
- Sanofi
- Becton Dickinson
- Biocon
- Other Insulin Delivery Device Companies
Notable Milestones in South Korea Insulin Drugs And Delivery Devices Market Sector
- July 2023: Dongkook Pharmaceutical launched its insulin glargine biosimilar, Glargia, expanding biosimilar options.
- May 2023: Medtronic's acquisition of EOFlow enhances its insulin delivery device portfolio, adding a tubeless, wearable, and disposable option.
In-Depth South Korea Insulin Drugs And Delivery Devices Market Market Outlook
The South Korea insulin drugs and delivery devices market is poised for significant growth, driven by rising diabetes prevalence, technological advancements, and supportive government policies. The focus on improving patient outcomes through innovative products and digital health integration will continue to shape market dynamics. Strategic partnerships and expansion into underserved regions will be crucial for sustained growth and market leadership. The market presents lucrative opportunities for companies developing and marketing advanced insulin delivery systems and biosimilar insulins.
South Korea Insulin Drugs And Delivery Devices Market Segmentation
-
1. Drug
- 1.1. Basal or Long-acting Insulins
- 1.2. Bolus or Fast-acting Insulins
- 1.3. Traditional Human Insulins
- 1.4. Combination Insulins
- 1.5. Biosimilar Insulins
-
2. Device
- 2.1. Insulin Pumps
- 2.2. Insulin Pens
- 2.3. Insulin Syringes
- 2.4. Insulin Jet Injectors
South Korea Insulin Drugs And Delivery Devices Market Segmentation By Geography
- 1. South Korea

South Korea Insulin Drugs And Delivery Devices Market REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 2.34% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. ; The Rise in Global Prevalence of Cases of Obesity due to Modern Sedentary Lifestyles; Rise in Awareness and Disposable Income in Developed Economies
- 3.3. Market Restrains
- 3.3.1 ; Highly Cost of Branded Products in Emerging Countries; Severe Adverse Associated with Medication Including Seizures
- 3.3.2 Suicidal Attempts and Even Death; Adoption of Traditional Yoga and Herbal Products
- 3.4. Market Trends
- 3.4.1. Rising diabetes prevalence is likely to boost the market studied over the forecast period.
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. South Korea Insulin Drugs And Delivery Devices Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Drug
- 5.1.1. Basal or Long-acting Insulins
- 5.1.2. Bolus or Fast-acting Insulins
- 5.1.3. Traditional Human Insulins
- 5.1.4. Combination Insulins
- 5.1.5. Biosimilar Insulins
- 5.2. Market Analysis, Insights and Forecast - by Device
- 5.2.1. Insulin Pumps
- 5.2.2. Insulin Pens
- 5.2.3. Insulin Syringes
- 5.2.4. Insulin Jet Injectors
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. South Korea
- 5.1. Market Analysis, Insights and Forecast - by Drug
- 6. Competitive Analysis
- 6.1. Market Share Analysis 2024
- 6.2. Company Profiles
- 6.2.1 Ypsomed
- 6.2.1.1. Overview
- 6.2.1.2. Products
- 6.2.1.3. SWOT Analysis
- 6.2.1.4. Recent Developments
- 6.2.1.5. Financials (Based on Availability)
- 6.2.2 1 Medtronic
- 6.2.2.1. Overview
- 6.2.2.2. Products
- 6.2.2.3. SWOT Analysis
- 6.2.2.4. Recent Developments
- 6.2.2.5. Financials (Based on Availability)
- 6.2.3 1 Novo Nordisk
- 6.2.3.1. Overview
- 6.2.3.2. Products
- 6.2.3.3. SWOT Analysis
- 6.2.3.4. Recent Developments
- 6.2.3.5. Financials (Based on Availability)
- 6.2.4 Julphar
- 6.2.4.1. Overview
- 6.2.4.2. Products
- 6.2.4.3. SWOT Analysis
- 6.2.4.4. Recent Developments
- 6.2.4.5. Financials (Based on Availability)
- 6.2.5 Eli Lilly
- 6.2.5.1. Overview
- 6.2.5.2. Products
- 6.2.5.3. SWOT Analysis
- 6.2.5.4. Recent Developments
- 6.2.5.5. Financials (Based on Availability)
- 6.2.6 Sanofi
- 6.2.6.1. Overview
- 6.2.6.2. Products
- 6.2.6.3. SWOT Analysis
- 6.2.6.4. Recent Developments
- 6.2.6.5. Financials (Based on Availability)
- 6.2.7 2 Sanofi
- 6.2.7.1. Overview
- 6.2.7.2. Products
- 6.2.7.3. SWOT Analysis
- 6.2.7.4. Recent Developments
- 6.2.7.5. Financials (Based on Availability)
- 6.2.8 Becton Dickinson
- 6.2.8.1. Overview
- 6.2.8.2. Products
- 6.2.8.3. SWOT Analysis
- 6.2.8.4. Recent Developments
- 6.2.8.5. Financials (Based on Availability)
- 6.2.9 Medtronic
- 6.2.9.1. Overview
- 6.2.9.2. Products
- 6.2.9.3. SWOT Analysis
- 6.2.9.4. Recent Developments
- 6.2.9.5. Financials (Based on Availability)
- 6.2.10 4 Other Insulin Delivery Device
- 6.2.10.1. Overview
- 6.2.10.2. Products
- 6.2.10.3. SWOT Analysis
- 6.2.10.4. Recent Developments
- 6.2.10.5. Financials (Based on Availability)
- 6.2.11 Insulin Delivery Devices
- 6.2.11.1. Overview
- 6.2.11.2. Products
- 6.2.11.3. SWOT Analysis
- 6.2.11.4. Recent Developments
- 6.2.11.5. Financials (Based on Availability)
- 6.2.12 2 Ypsomed
- 6.2.12.1. Overview
- 6.2.12.2. Products
- 6.2.12.3. SWOT Analysis
- 6.2.12.4. Recent Developments
- 6.2.12.5. Financials (Based on Availability)
- 6.2.13 Biocon
- 6.2.13.1. Overview
- 6.2.13.2. Products
- 6.2.13.3. SWOT Analysis
- 6.2.13.4. Recent Developments
- 6.2.13.5. Financials (Based on Availability)
- 6.2.14 3 Eli Lilly
- 6.2.14.1. Overview
- 6.2.14.2. Products
- 6.2.14.3. SWOT Analysis
- 6.2.14.4. Recent Developments
- 6.2.14.5. Financials (Based on Availability)
- 6.2.15 Novo Nordisk
- 6.2.15.1. Overview
- 6.2.15.2. Products
- 6.2.15.3. SWOT Analysis
- 6.2.15.4. Recent Developments
- 6.2.15.5. Financials (Based on Availability)
- 6.2.16 3 Becton Dickinson
- 6.2.16.1. Overview
- 6.2.16.2. Products
- 6.2.16.3. SWOT Analysis
- 6.2.16.4. Recent Developments
- 6.2.16.5. Financials (Based on Availability)
- 6.2.17 Insulin Drugs
- 6.2.17.1. Overview
- 6.2.17.2. Products
- 6.2.17.3. SWOT Analysis
- 6.2.17.4. Recent Developments
- 6.2.17.5. Financials (Based on Availability)
- 6.2.1 Ypsomed
List of Figures
- Figure 1: South Korea Insulin Drugs And Delivery Devices Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: South Korea Insulin Drugs And Delivery Devices Market Share (%) by Company 2024
List of Tables
- Table 1: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 3: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Drug 2019 & 2032
- Table 4: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Drug 2019 & 2032
- Table 5: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Device 2019 & 2032
- Table 6: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Device 2019 & 2032
- Table 7: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Region 2019 & 2032
- Table 8: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 9: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 10: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 11: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Drug 2019 & 2032
- Table 12: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Drug 2019 & 2032
- Table 13: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Device 2019 & 2032
- Table 14: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Device 2019 & 2032
- Table 15: South Korea Insulin Drugs And Delivery Devices Market Revenue Million Forecast, by Country 2019 & 2032
- Table 16: South Korea Insulin Drugs And Delivery Devices Market Volume K Unit Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the South Korea Insulin Drugs And Delivery Devices Market?
The projected CAGR is approximately 2.34%.
2. Which companies are prominent players in the South Korea Insulin Drugs And Delivery Devices Market?
Key companies in the market include Ypsomed, 1 Medtronic, 1 Novo Nordisk, Julphar, Eli Lilly, Sanofi, 2 Sanofi, Becton Dickinson, Medtronic, 4 Other Insulin Delivery Device, Insulin Delivery Devices, 2 Ypsomed, Biocon, 3 Eli Lilly, Novo Nordisk, 3 Becton Dickinson, Insulin Drugs.
3. What are the main segments of the South Korea Insulin Drugs And Delivery Devices Market?
The market segments include Drug, Device.
4. Can you provide details about the market size?
The market size is estimated to be USD 756.38 Million as of 2022.
5. What are some drivers contributing to market growth?
; The Rise in Global Prevalence of Cases of Obesity due to Modern Sedentary Lifestyles; Rise in Awareness and Disposable Income in Developed Economies.
6. What are the notable trends driving market growth?
Rising diabetes prevalence is likely to boost the market studied over the forecast period..
7. Are there any restraints impacting market growth?
; Highly Cost of Branded Products in Emerging Countries; Severe Adverse Associated with Medication Including Seizures. Suicidal Attempts and Even Death; Adoption of Traditional Yoga and Herbal Products.
8. Can you provide examples of recent developments in the market?
July 2023: Dongkook Pharmaceutical launched its insulin glargine biosimilar product, Glargia in South Korea. The biosimilar comes in a prefilled pen and is administered once daily.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "South Korea Insulin Drugs And Delivery Devices Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the South Korea Insulin Drugs And Delivery Devices Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
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Methodology
Step 1 - Identification of Relevant Samples Size from Population Database



Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations

Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence