Earlier Report Observations
The market for packed retail insulin medicaments in Denmark contracted substantially between 2018 and 2024, with its value falling from 8 100 million dollars to 2 228 million dollars. A steep decline of over 50% occurred in 2021, reducing the market to 3 068 million dollars, followed by a further drop to 2 133 million dollars in 2022. A temporary rebound in 2023 saw the market grow by 18% to 2 515 million dollars, before resuming its downward trend.
The market value decreased by 11% to 2 228 million dollars in 2024. This movement coincided with the introduction of a new national pricing scheme that fixed uniform medicine prices across all pharmacies to lower costs, directly reducing the market's monetary value. Concurrently, new clinical guidelines for gestational diabetes more than doubled the share of pregnant women receiving insulin treatment, while prescribing restrictions for GLP-1 drugs like Ozempic likely shifted some demand toward insulin therapies, affecting the overall demand landscape.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In value
- 4.1.1.1. Production, 2018-2024
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2024
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4.1.1. In value
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in Denmark
- 5.1.1. In value, 2018-2024, M $ US
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5.2. Production in the EU, 2018-2024
- 5.2.1. In value, 2018-2024, M $ US
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5.1. Production in Denmark
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6. Trade balance
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6.1. Trade balance (Direct Data)
- 6.1.1. In kind, kg
- 6.1.2. In value, $ US
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6.2. Trade balance (Mirror Data)
- 6.2.1. In kind, kg
- 6.2.2. In value, $ US
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6.1. Trade balance (Direct Data)
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7. Top buying and selling countries, 2018-2024
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7.1. Direct Data
- 7.1.1. Import in Value by Countries-buyers
- 7.1.2. Export in Value by Countries-suppliers
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7.2. Mirror Data
- 7.2.1. Import in Value by Countries-buyers
- 7.2.2. Export in Value by Countries-suppliers
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7.1. Direct Data
Production for retail sale medicaments with insulin in Denmark
In value, 2017-2020, M $ US
Denmark's production volume of insulin-based retail sale medicaments declined for the second consecutive year. In 2020, output was valued at 6 770 million US dollars, marking a 6.5% decrease compared to 2019. Over the 2017-2020 period, production fell by 13.9%, with a compound annual growth rate (CAGR) of -4.9%. The highest production value was recorded in 2018 at 8 100 million US dollars, which represented a 3.0% increase from the previous year. The most significant decline occurred in 2019, with a drop of 10.6%.
Annual dynamics of production in Denmark in value, 2017-2020, M $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | 3.0% | (10.6%) | (6.5%) | (4.9%) |
Exports for retail sale medicaments with insulin from Denmark
Market analysis indicates that Denmark did not export any insulin-based retail sale medicaments from 2017 to 2020.
Imports for retail sale medicaments with insulin to Denmark
Market reports highlight that Denmark did not import any insulin-based retail sale medicaments from 2017 to 2020.
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