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 rising prevalence of diabetes, an aging population, and increasing awareness of advanced insulin therapies. The market's Compound Annual Growth Rate (CAGR) of 2.34% from 2025 to 2033 indicates a consistent, albeit moderate, expansion. Key growth drivers include the increasing adoption of insulin pens and pumps, representing a shift towards convenience and improved blood glucose control. The market is segmented by drug type (basal/long-acting, bolus/fast-acting) and delivery devices (pens, pumps, syringes, injectors). While the prevalence of diabetes fuels demand, potential restraints could include pricing pressures, stringent regulatory approvals, and the introduction of competitive alternative therapies. The dominance of multinational pharmaceutical companies like Sanofi, Novo Nordisk, and Eli Lilly, alongside local players like Julphar and Biocon, shapes the competitive landscape. Future market trajectory will likely depend on the success of new drug launches, innovative device technologies, and government initiatives to manage the rising cost of diabetes care.
The segment analysis reveals a diverse market. Traditional human insulins may face decreasing market share due to advancements in insulin analogs and delivery systems. Combination insulins and biosimilars, offering cost-effectiveness and improved efficacy, are poised for growth. Within delivery devices, insulin pens are currently dominant due to ease of use and portability, followed by insulin pumps which cater to patients requiring more precise glucose management. The market's growth will be influenced by technological advancements in insulin delivery, such as the development of smart insulin pens and closed-loop systems, as well as the accessibility and affordability of these innovative devices within South Korea. Further growth will be observed in the bolus or fast-acting insulin segment, owing to the increasing adoption of insulin regimens that provide better control over postprandial hyperglycemia.

South Korea Insulin Drugs and Delivery Devices Market: 2019-2033
This comprehensive report provides an in-depth analysis of the South Korea insulin drugs and delivery devices market, offering valuable insights for stakeholders across the pharmaceutical and medical device industries. The study period spans from 2019 to 2033, with 2025 serving as the base and estimated year. The report leverages extensive data analysis to forecast market trends from 2025 to 2033.
South Korea Insulin Drugs And Delivery Devices Market Market Structure & Competitive Dynamics
The South Korean insulin drugs and delivery devices market is characterized by a moderate level of concentration, with key players such as Sanofi, Novo Nordisk, Eli Lilly, and Medtronic holding significant market share. However, the market also exhibits a dynamic competitive landscape, fueled by the entry of biosimilar manufacturers and the continuous innovation in insulin delivery devices. The regulatory framework, while stringent, encourages innovation and the adoption of advanced technologies. Product substitution, primarily driven by the increasing availability of biosimilars, is a key factor influencing market dynamics. End-user trends show a growing preference for convenient and user-friendly delivery devices, such as insulin pens and pumps. Mergers and acquisitions (M&A) are also shaping the market, with recent examples including Medtronic's acquisition of EOFlow Co. Ltd. While precise market share figures for individual players are proprietary, Sanofi and Novo Nordisk are estimated to hold a combined market share exceeding xx%. The total value of M&A deals in the sector during the historical period (2019-2024) is estimated at approximately xx Million.
- Market Concentration: Moderate, with several key players dominating.
- Innovation Ecosystem: Active, with ongoing development of biosimilars and advanced delivery devices.
- Regulatory Framework: Stringent, but supportive of innovation.
- Product Substitution: Increasing due to biosimilar penetration.
- End-User Trends: Preference for convenient delivery systems.
- M&A Activity: Significant, influencing market consolidation.
South Korea Insulin Drugs And Delivery Devices Market Industry Trends & Insights
The South Korean insulin drugs and delivery devices market is experiencing robust growth, driven by the rising prevalence of diabetes and an aging population. The market is witnessing a shift towards advanced insulin delivery systems, such as insulin pumps and continuous glucose monitors (CGMs), reflecting a growing demand for improved glycemic control and enhanced patient convenience. Biosimilars are gaining traction, offering cost-effective alternatives to branded insulin products. This is leading to increased competition and price pressure. Technological disruptions, such as the development of smart insulin delivery devices and digital health solutions, are further shaping the market landscape. Consumer preferences are increasingly focused on ease of use, improved accuracy, and minimized side effects. The market's CAGR during the forecast period (2025-2033) is projected at xx%, driven by the factors mentioned above. Market penetration of insulin pumps is expected to reach xx% by 2033, significantly increasing from its current level. Competitive dynamics are characterized by both cooperation and rivalry, with companies focusing on strategic partnerships and product differentiation.

Dominant Markets & Segments in South Korea Insulin Drugs And Delivery Devices Market
Within the South Korean insulin drugs and delivery devices market, the segment showing the strongest growth is biosimilar insulins (like Glargia), driven by their affordability and comparable efficacy to branded products. The insulin pens segment within the devices category also holds significant market share, owing to its ease of use and portability. The Seoul metropolitan area dominates geographically due to its higher population density and better healthcare infrastructure.
- Key Drivers for Biosimilar Insulin Segment Dominance:
- Cost-effectiveness compared to originator drugs.
- Increasing awareness among patients and healthcare professionals.
- Government initiatives promoting biosimilar adoption.
- Key Drivers for Insulin Pen Segment Dominance:
- Convenience and ease of use compared to syringes.
- Enhanced patient compliance and self-management capabilities.
- Wider availability and affordability.
- Geographic Dominance of Seoul Metropolitan Area:
- Higher population density leading to a larger patient pool.
- Advanced healthcare infrastructure and higher access to specialist care.
- Strong presence of major pharmaceutical companies and distribution networks.
South Korea Insulin Drugs And Delivery Devices Market Product Innovations
Recent years have seen significant innovation in both insulin drugs and delivery devices. The introduction of biosimilars has expanded access to affordable insulin therapies. In the realm of delivery devices, the emergence of tubeless, wearable, and disposable systems like EOFlow's EOPatch represents a significant leap in user-friendliness and convenience. These innovations cater to the growing demand for improved glycemic control and enhanced patient experience, aligning perfectly with evolving market trends and unmet clinical needs.
Report Segmentation & Scope
This report segments the South Korea insulin drugs and delivery devices market across several key categories:
By Drug Type: Basal/Long-acting Insulins (e.g., Basaglar), Bolus/Fast-acting Insulins, Combination Insulins, Traditional Human Insulins, Biosimilar Insulins (e.g., Glargia). Each segment exhibits unique growth trajectories and competitive dynamics, influenced by factors like efficacy, safety, and cost. Market sizes vary significantly across these segments, with biosimilars showing the highest growth projection.
By Delivery Device: Insulin Pumps, Insulin Pens (disposable and reusable), Insulin Syringes, Insulin Jet Injectors, Insulin Infusion Sets. This segmentation highlights the technological advancements and shifts in consumer preferences within the market. Growth projections are highest for insulin pumps and advanced pen technologies, reflecting the trend towards enhanced patient management.
Key Drivers of South Korea Insulin Drugs And Delivery Devices Market Growth
The South Korea insulin drugs and delivery devices market is propelled by several key factors: the rising prevalence of diabetes, particularly type 2 diabetes, driven by lifestyle changes; an aging population, increasing the number of individuals susceptible to diabetes; and the growing affordability of insulin therapies through biosimilar penetration. Government initiatives focused on promoting diabetes awareness and improving healthcare access further bolster market expansion. Technological advancements in insulin delivery devices and increasing accessibility to advanced therapies significantly contribute to this growth.
Challenges in the South Korea Insulin Drugs And Delivery Devices Market Sector
Despite the growth, challenges exist. High treatment costs remain a barrier for some patients, although biosimilars are mitigating this to some extent. The stringent regulatory environment, while crucial for ensuring drug safety, can also lead to slower product approvals. Moreover, intense competition among manufacturers can impact profitability.
Leading Players in the South Korea Insulin Drugs And Delivery Devices Market Market
- Ypsomed
- Medtronic (Medtronic)
- Novo Nordisk (Novo Nordisk)
- Julphar
- Eli Lilly (Eli Lilly and Company)
- Sanofi (Sanofi)
- Becton Dickinson (Becton, Dickinson and Company)
- Biocon
- Other Insulin Delivery Device Manufacturers
Key Developments in South Korea Insulin Drugs And Delivery Devices Market Sector
July 2023: Dongkook Pharmaceutical launched its insulin glargine biosimilar product, Glargia, in South Korea. This launch significantly increased competition in the biosimilar segment and offered a more affordable treatment option.
May 2023: Medtronic acquired EOFlow Co. Ltd., expanding its portfolio of insulin delivery devices and enhancing its capabilities in the area of continuous glucose monitoring (CGM). This acquisition is expected to significantly impact the market share of Medtronic in the insulin delivery devices segment.
Strategic South Korea Insulin Drugs And Delivery Devices Market Market Outlook
The South Korea insulin drugs and delivery devices market exhibits significant growth potential. Continued innovation in delivery devices, particularly those incorporating advanced technology like CGM integration, will be key to expanding market penetration. The growing adoption of biosimilars presents opportunities for manufacturers to gain market share, while the increasing focus on diabetes management and prevention initiatives creates a favorable environment for market expansion. Strategic partnerships and collaborations within the industry will play a significant role in shaping the future landscape of this market.
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