Cost of Insulin By Country

As insulin becomes increasingly critical for the growing number of individuals diagnosed with diabetes worldwide, its price has also been a topic of global concern. While it's a life-saving medicine, required daily by millions of people, the escalating cost in many countries makes it challenging for those affected to get their medically essential doses. The disparity in insulin prices around the world is staggering and renders an interesting insight into healthcare systems across the globe.

Key findings:

• At $98.70, the United States is the most expensive country for insulin. This cost is over eight times the price of insulin in countries like Germany ($11) and nearly forty times the price in Turkey ($2.64).
• Despite being developed nations with robust healthcare systems, Chile ($21.48) and Japan ($14.40) rank second and third in terms of insulin cost.
• The majority of European countries average between $7-10 per milliliter of insulin, suggesting a region with much more consistent pricing. Most notably, sans Germany, all the G7 nations charge less than $13 per milliliter.
• Countries in Eastern Europe such as Latvia, Lithuania, Slovakia, Hungary, and Poland have some of the cheapest insulin, with prices ranging from $5-9.
• Lowest insulin prices can be found predominantly in Europe and Australia, with the United Kingdom ($7.52), Slovenia ($7.43), Australia ($6.94), and Turkey ($2.64) securing spots in the bottom five.