GLP-1 Receptor Agonist Market Forecast by Hospitals and Clinics from 2024 to 2034
Manufacturers Focus on Clinical Trials to Explore Cardiovascular Benefits of GLP-1 Receptor Agonists
GLP-1 Receptor Agonist Market Outlook for 2024 to 2034
The GLP-1 Receptor Agonist Market is projected to be valued at USD 23,854.53 million in 2024 and is expected to rise to USD 72,127.79 million by 2034. It is expected to grow at a CAGR of 11.7% during the market forecast period.
The GLP-1 receptor agonist market is growing due to the increasing prevalence of diabetes and obesity and the high efficacy of these drugs in managing such conditions.
Key Market Drivers
The market for glucagon-like peptide 1 (GLP-1) agonists offers a potent option for glycemic control, contributing to the growth of the market.
GLP-1 receptor agonists are increasingly attractive for patients and healthcare providers as they are known for their favorable effects on weight loss and low risk of hypoglycemia compared to other diabetes medications.
Extensive clinical research has demonstrated the efficacy and safety of GLP-1 receptor agonists in managing diabetes.
Positive outcomes in glycemic control, cardiovascular risk reduction, and weight management have fueled their adoption in clinical practice.
The convenient dosing regimen of GLP-1 receptor agonists, often administered via injections once a week or less frequently, is expected to boost market demand.
GLP-1 receptor agonists are being explored for their potential in treating obesity, non-alcoholic fatty liver disease (NAFLD), and cardiovascular conditions. Thus, this is contributing to the growth of the market.
Exploring these additional indications broadens the market potential for these drugs.
Competition among pharmaceutical companies has led to continuous innovation in the GLP-1 receptor agonist market.
New formulations with improved pharmacokinetics, delivery systems, and combination therapies are being developed, expanding treatment options and driving market growth.
Patent expirations and the introduction of biosimilar versions may increase affordability and accessibility, further fueling market expansion.
Attributes
Key Statistics
GLP-1 Receptor Agonist Market Value (2024)
USD 23854.53 million
Anticipated Market Value (2034)
USD 72127.79 million
Estimated Growth (2024 to 2034)
11.7% CAGR
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Consumption Analysis in the GLP-1 Receptor Agonist Market
The market for GLP-1 receptor agonists is rising due to the increasing prevalence of diabetes and the need for effective treatments to manage blood sugar levels.
Sales of GLP-1 receptor agonists are increasing, driven by their proven clinical efficacy and safety profile.
Positive outcomes in glycemic control, cardiovascular risk reduction, and weight management boost sales figures.
Healthcare professionals are increasingly adopting GLP-1 receptor agonists as a preferred treatment option for managing diabetes.
The convenience of less frequent dosing and the potential for improved patient compliance contribute to the increasing adoption of GLP-1 receptor agonists.
The popularity of GLP-1 receptor agonists is rising among patients due to their convenient dosing regimens and beneficial effects on weight reduction.
The market for glucagon-like peptide 1 (GLP-1) agonists is rapidly expanding due to continuous innovation and competition among pharmaceutical companies.
New formulations, improved delivery systems, and combination therapies are broadening the market and driving growth.
Patent expirations and the introduction of biosimilar versions are making GLP-1 receptor agonists more accessible and affordable to a wider patient population, further fueling market growth.
Factors Adversely Affecting the GLP-1 Receptor Agonist Market
The GLP-1 receptor agonist market is anticipated to surpass a valuation of USD 72,127.79 million by 2034, expanding at an 11.7% CAGR over the forecast period.
While the GLP-1 receptor agonist market is experiencing growth, several restraining factors can adversely affect its development and expansion.
GLP-1 receptor agonists are effective but expensive, limiting access for patients in regions with limited healthcare coverage or high out-of-pocket expenses.
GLP-1 receptor agonists may cause gastrointestinal side effects such as nausea, vomiting, and diarrhea, especially during the initial weeks of treatment.
The development of oral antidiabetic medications provides alternatives to GLP-1 receptor agonists. Some patients may prefer oral medications over injectables, leading to competition within the diabetes treatment landscape.
Regulatory requirements and approval processes for new GLP-1 receptor agonists or indications may pose challenges for pharmaceutical companies, delaying market entry or expansion.
Stringent regulatory standards could hinder the introduction of innovative therapies.
Lack of awareness among healthcare providers and patients about the benefits and the appropriate use of GLP-1 receptor agonists may hinder their uptake.
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Category-wise Insights
Type 2 Diabetes Constitutes the Majority of Diabetes Cases Worldwide
Based on indications, type 2 diabetes dominates the GLP-1 receptor agonist market, accounting for a market share of 75.00%. This rising popularity is attributed to the following reasons:
Type 2 diabetes comprises around 90% of all diagnoses. This high prevalence has increased the demand for effective glycemic control and management of associated comorbidities.
GLP-1 receptor agonists have emerged as a valuable therapeutic option for individuals with type 2 diabetes, given their ability to stimulate insulin secretion while suppressing glucagon.
GLP-1 receptor agonists are particularly suitable for individuals with insulin resistance and impaired pancreatic function, common characteristics of type 2 diabetes.
GLP-1 receptor-stimulating agents have a favorable pharmacological profile and can complement other antidiabetic medications.
Attributes
Details
Top Indication
Type 2 Diabetes
Market Share (2024)
75.00%
Expertise, Infrastructure, and Accessibility of Hospital Pharmacies Driving the Market
Based on the distribution channel, hospital pharmacies dominate the market, holding a share of 35.00%. The segment’s rising popularity is attributed to the following aspects:
Hospital pharmacies for specialty medications are usually prescribed by healthcare specialists like endocrinologists or diabetologists.
Due to the complexity of managing diabetes and the need for close monitoring, hospitals are well-equipped to handle the storage, dispensing, and administration of these medications, ensuring proper handling and patient education.
Hospital pharmacies also have established relationships with pharmaceutical manufacturers and wholesalers, enabling efficient procurement and distribution of GLP-1 receptor agonists to meet patient demand.
Hospital pharmacies ensure access to GLP-1 receptor agonists for patients receiving in-patient care or undergoing medical procedures, facilitating optimal disease management and improving patient outcomes.
Attributes
Details
Distribution Channel
Hospital Pharmacies
Market Share (2024)
34.00%
Country-wise Insights
The section analyzes the GLP-1 receptor agonist market by country, including the United Kingdom, China, and India. The table presents the CAGR for each country, indicating the expected market growth in that country through 2034.
Countries
CAGR (2024 to 2034)
India
24.70%
China
23.10%
United Kingdom
12.10%
China's Rapidly Increasing Diabetic Population is among the Highest in the World
China is leading the GLP-1 receptor agonist market. The Chinese market is anticipated to register a CAGR of 23.10% through 2034.
China's urbanization, adoption of sedentary lifestyles, and dietary habits have contributed to the diabetes epidemic.
The Chinese government's healthcare reforms have made innovative medications like GLP-1 receptor agonists more accessible to the public.
As people become more aware of the importance of diabetes management, and with a growing middle-class population seeking better healthcare options, the demand for advanced treatments is expected to rise significantly in China.
India's Genetic Predisposition, Urbanization, and Lifestyle Changes
India is the leading Asian country in the global GLP-1 receptor agonist market, which is anticipated to register a CAGR of 24.70% through 2034.
India has one of the largest diabetic populations globally, and the burden of the disease is continually rising.
India's healthcare landscape is evolving, with increasing awareness about diabetes complications and the importance of early intervention. As a result, there's a growing demand for effective diabetes management strategies, including advanced therapies like GLP-1-based therapy.
With the Indian government's focus on improving healthcare infrastructure and access to innovative treatments, India presents significant growth opportunities for GLP-1 receptor agonist manufacturers.
The United Kingdom's Proactive Approach to Diabetes Management and the Well-Established Healthcare System
The United Kingdom is the leading European country in the GLP-1 receptor agonist market. The market is predicted to register an annual growth rate of 12.10% through 2034.
The United Kingdom has a comprehensive framework for diabetes care, with specialized clinics and a team-based approach involving endocrinologists, diabetes nurse specialists, and dietitians.
The National Health Service (NHS) provides extensive coverage for diabetes treatments, including GLP-1 receptor agonists, ensuring widespread access for eligible patients.
The United Kingdom has witnessed increasing recognition of the importance of early intervention and preventive measures in diabetes care, driving the adoption of innovative treatments.
The United Kingdom continues to prioritize diabetes management and invest in healthcare infrastructure; the demand for GLP-1 receptor agonists is expected to grow, cementing its position as a key market in the global landscape.
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Competitive Landscape
Pharmaceutical companies and manufacturers are working hard to increase their market share and profits. They are doing this through various strategies, such as conducting clinical trials to explore the cardiovascular benefits of GLP-1 receptor agonists.
They are also studying the effects of medications on pancreatic beta cells and glucagon production to improve overall glycemic control.
With chronic diseases, including diabetes, on the rise globally, pharmaceutical companies are aligning their research and development initiatives with the World Health Organization's recommendations to combat non-communicable diseases.
Continuous product launches and innovations, such as new formulations and combination therapies, aim to expand treatment options and address unmet medical needs in the diabetic population.
Recent Developments
On June 24, 2023, Eli Lilly introduced Orforglipron, an investigational oral daily nonpeptide GLP-1 agonist. Phase-2 studies indicated its comparability with existing injectable and oral agents for treating obesity and type 2 diabetes, potentially revolutionizing treatment options for these conditions.
On October 22, 2023, a study in Scientific Reports detailed the creation of three chimeric GLP-1 receptor agonists. Researchers fused native and mutant GLP-1 with designed ankyrin repeat protein (DARPin), allowing binding to human serum albumin (HSA). These stable, functional molecules showed promise as long-lasting treatments for type 2 diabetes mellitus.
On November 4, 2023, researchers at the University of Tabriz, Iran, developed a groundbreaking long-acting GLP-1 agonist. If clinical trials prove successful, this innovation could extend the duration between treatments for individuals with type 2 diabetes, offering promising advancements in diabetes management.
On August 18, 2023, the emergence of GLP-1 medications like Ozempic, Wegovy, and Mounjaro reshaped the pharmaceutical landscape. Initially designed to manage diabetes, these drugs were found to curb appetites and trigger significant weight loss. As a result, shares of Novo Nordisk and Eli Lilly surged.
Key Companies in the Market
Eli Lilly and Company
Sanofi
Novo-Nordisk A/S
AstraZeneca
Pfizer.Inc
Amgen, Inc.
Innovent Biologics, Inc.
PegBio Co., Ltd
Sun Pharmaceutical Industries Ltd.
Boehringer Ingelheim International GmbH
Key Coverage in the GLP-1 Receptor Agonist Market Report
Top 10 GLP-1 Receptor Agonist Drugs Globally
Demand Analysis for GLP-1 Oral Drugs
Comparative Studies in Semaglutide and Ozempic
Ongoing Trends: GLP-1 Drugs for Weight Loss
Insights into GLP-1 Receptor Agonist Mechanism of Action
Corresponding studies on GLP-1 and GLP-2 Drugs
Key Market Segmentation
By Drug Class:
Exenatide
Liraglutide
Dulaglutide
Lixisenatide
Others
By Route of Administration:
Parenteral
Oral
By Indication:
Diabetes
Cardiovascular Disease
Weight Management
Others
By Distribution Channel:
Hospital Pharmacies
Clinics
Ambulatory Surgical Centres
By Region:
Asia Pacific
Europe
North America
Middle East & Africa
Latin America
Frequently Asked Questions
What is the GLP-1 Receptor Agonist Market Valuation in 2024?
The GLP-1 receptor agonist market is predicted to be worth USD 23,854.53 million in 2024.
What is the Sales Forecast for the GLP-1 Receptor Agonist Market through 2034?
The GLP-1 receptor agonist market is expected to reach USD 72,127.79 million by 2034.
At What Rate is the GLP-1 Receptor Agonist Market Growing through 2034?
The GLP-1 receptor agonist market is growing at a CAGR of 11.7% from 2024 to 2034.
Which are the Key Companies in the GLP-1 Receptor Agonist Market?
Some of the key players in the market are Eli Lilly and Company, Sanofi, Novo-Nordisk A/S, AstraZeneca, and Pfizer.Inc., Amgen, Inc., Innovent Biologics, PegBio Co., Ltd., Sun Pharmaceutical Industries Ltd., Boehringer Ingelheim International GmbH, and others.
Which is the Top Indication in the GLP-1 Receptor Agonist Market?
Type-2 diabetes is the top indication, accounting for a market share of 75.00%.
Table of Content
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Drug Class
5.1. Exenatide
5.2. Liraglutide
5.3. Dulaglutide
5.4. Lixisenatide
5.5. Others
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Route of Administration
6.1. Parenteral
6.2. Oral
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
7.1. Hospitals
7.2. Clinics
7.3. Ambulatory Surgical Centres
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. North America
8.2. Latin America
8.3. Western Europe
8.4. Eastern Europe
8.5. South Asia and Pacific
8.6. East Asia
8.7. Middle East and Africa
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country