JERSEY CITY, N.J., July 24, 2024 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global GLP-1 Market [https://www.insightaceanalytic.com/report/glp-1-market/2592] Size, Share & Trends Analysis Report By Type of Molecule (Biologics and Small Molecules), Active Compound Used (Dulaglutide, Liraglutide, Orforglipron, Retatrutide, Semaglutide, Survodutide, Tirzepatide and Other Active Compounds), Type of GLP-1 Agonist Drugs (Long-acting GLP-1 Agonist and Short-acting GLP-1 Agonist), Type of Agonist (Single-agonist, Dual-agonist and Tri-agonist), Route of Administration (Oral and Parenteral), Target indication (Alzheimer's Disease, Non-Alcoholic Steatohepatitis, Obesity, Sleep Apnea, Type 2 Diabetes)- Market Outlook And Industry Analysis 2031".
https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg [https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg]
The Global GLP-1 Market is valued at US$ 44.5 Bn in 2023, and it is expected to reach US$ 95.4 Bn by 2031, with a CAGR of 10.3% during the forecast period of 2024-2031.
Free Download the Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2592 [https://www.insightaceanalytic.com/request-sample/2592]
Glucagon-like peptide-1 (GLP-1) is a gut-produced hormone essential for regulating blood sugar levels and appetite. GLP-1 receptor agonists are medications that activate the GLP-1 receptor, resulting in several beneficial effects, including enhancing insulin secretion from pancreatic beta cells in response to elevated glucose, reducing glucagon secretion, slowing gastric emptying, and improving glucose disposal in peripheral tissues.
These functions make GLP-1 receptor agonists particularly valuable in managing type 2 diabetes by effectively lowering blood sugar levels and promoting weight loss, which is crucial for many diabetic patients. Additionally, some GLP-1 agonists have gained approval for obesity treatment due to their appetite-suppressing and weight-loss-inducing properties.
The GLP-1 receptor agonist market features a variety of approved and investigational products, including short-acting agonists like exenatide and lixisenatide, long-acting options such as semaglutide, dulaglutide, and liraglutide, as well as oral formulations like oral semaglutide (Rybelsus).
There are also dual and tri-agonists like tirzepatide, which target multiple receptors. The rising prevalence of diabetes and obesity, combined with the proven efficacy and safety of GLP-1 receptor agonists, has fueled substantial market growth. As pharmaceutical innovation continues to broaden the GLP-1 agonist landscape, this segment is expected to experience further expansion in the coming years.
List of Prominent Players in the GLP-1 Market:
-- AstraZeneca
-- Biolingus
-- Boehringer Ingelheim
-- D&D Pharmatech
-- Eli Lilly
-- Gmax Biopharm
-- Hanmi Pharmaceutical
-- Innogen
-- Novo Nordisk
-- PegBio
-- Pfizer
-- QL Biopharma
-- Roche
-- Sanofi
-- Sciwind Biosciences
-- Tonghua Dongbao Pharmaceutical
-- Viking Therapeutics
-- Vivani
-- vTv Therapeutic
GLP-1 Market Report Scope
Report Attribute Specifications Market Size Value In 2023 USD 44.5 Bn Revenue Forecast In 2031 USD 95.4 Bn Growth Rate CAGR CAGR of 10.3% from 2024 to 2031 Quantitative Units Representation of revenue in US$ Bn and CAGR from 2024 to 2031 Historic Year 2019 to 2023 Forecast Year 2024-2031 Report Coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends Segments Covered By Type of Molecule, Active Compound Used, Type of GLP-1 Agonist Drugs, Type of Agonist, Route of Administration, Target Indication Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia Competitive Landscape AstraZeneca, Biolingus, Boehringer Ingelheim, D&D Pharmatech, Eli Lilly, Gmax Biopharm, Hanmi Pharmaceutical, Innogen, Novo Nordisk, PegBio, Pfizer, QL Biopharma, Roche, Sanofi, Sciwind Biosciences, Tonghua Dongbao Pharmaceutical, Viking Therapeutics, Vivani, vTv Therapeutic Customization Scope Free customization report with the procurement of the report, Modifications to the regional and segment scope. Geographic competitive landscape. Pricing and Available Payment Methods Explore pricing alternatives that are customized to your particular study requirements.
Market Dynamics:
Drivers-
The rising global prevalence of type 2 diabetes and obesity is a significant driver of growth in the GLP-1 receptor agonist market, with diabetes rates increasing from 3% to 4.1% and obesity rising from 32.7% to 40.9% between 2009 and 2020, according to a study published in the Journal of the American Medical Association. GLP-1 receptor agonists have shown strong efficacy in lowering blood sugar levels, reducing HbA1c, and promoting substantial weight loss in affected patients.
Recent regulatory approvals for treatments like semaglutide (Wegovy) for obesity, in addition to diabetes, have broadened the patient base and further fueled market expansion. Improved insurance coverage and affordability are making these treatments more accessible, while continuous pharmaceutical innovation--including the launch of oral and once-weekly injectable formulations--enhances patient convenience and adherence, addressing unmet healthcare needs.
Challenges:
GLP-1 receptor agonists face challenges impacting patient adherence, including gastrointestinal side effects like nausea and vomiting, which can deter use. Many require subcutaneous injections, posing convenience issues, though oral options like semaglutide are emerging. While long-acting formulations offer once-weekly dosing, there's a need for even less frequent administration. Additionally, high costs and limited insurance coverage, especially in developing markets, restrict access, underscoring the importance of improving affordability.
Regional Trends:
The APAC region is rapidly emerging as a significant market for GLP-1 receptor agonists, driven by countries such as China, Japan, and India. This growth is supported by an expanding healthcare sector, a large target patient population, and substantial unmet clinical needs for diabetes and obesity treatments. The increasing prevalence of type 2 diabetes and obesity in APAC countries is fueling demand for effective GLP-1 therapies. Additionally, major pharmaceutical companies are focusing on innovative GLP-1 receptor agonist solutions to meet the region's growing healthcare needs.
Curious about this latest version of the report? @ https://www.insightaceanalytic.com/enquiry-before-buying/2592 [https://www.insightaceanalytic.com/enquiry-before-buying/2592]
Recent Developments:
-- In November 2023, The U.S. Food and Drug Administration (FDA) has
approved Eli Lilly and Company's Zepbound((TM)) (tirzepatide) injection,
marking it as the first and only obesity treatment that activates both
GIP (glucose-dependent insulinotropic polypeptide) and GLP-1
(glucagon-like peptide-1) hormone receptors.
-- In Dec 2021, Shanghai Innogen Pharma successfully completed a $120
million Series A funding round to support its Phase III trial of
supaglutide, a GLP-1 agonist targeting diabetes. The funds will also be
used to advance several first-in-class programs and establish a clinical
trial manufacturing facility.
Segmentation of GLP-1 Market-
By Type of Molecule:
-- Biologics
-- Small Molecules
By Active Compound Used:
-- Dulaglutide
-- Liraglutide
-- Orforglipron
-- Retatrutide
-- Semaglutide
-- Survodutide
-- Tirzepatide
-- Other Active Compounds
By Type of GLP-1 Agonist Drugs:
-- Long-acting GLP-1 Agonist
-- Short-acting GLP-1 Agonist
By Type of Agonist:
-- Single agonist
-- Dual agonist
-- Tri-agonist
By Route of Administration:
-- Oral
-- Parenteral
By Target Indication:
-- Alzheimer's Disease
-- Non-Alcoholic Steatohepatitis
-- Obesity
-- Sleep Apnea
-- Type 2 Diabetes
By Region-
North America-
-- The US
-- Canada
-- Mexico
Europe-
-- Germany
-- The UK
-- France
-- Italy
-- Spain
-- Rest of Europe
Asia-Pacific-
-- China
-- Japan
-- India
-- South Korea
-- Southeast Asia
-- Rest of Asia Pacific
Latin America-
-- Brazil
-- Argentina
-- Rest of Latin America
Middle East & Africa-
-- GCC Countries
-- South Africa
-- Rest of Middle East and Africa
For More Customization @ https://www.insightaceanalytic.com/customisation/2592 [https://www.insightaceanalytic.com/customisation/2592]
Why should buy this report:
-- To receive a comprehensive analysis of the prospects for global GLP-1
market
-- To receive industry overview and future trends of global GLP-1 market
-- To analyze the GLP-1 market drivers and challenges
-- To get information on the GLP-1 market size value (US$ Mn) forecast till
2031
-- Major Investments, Mergers & Acquisition in global GLP-1 industry
Other Related Reports Published by InsightAce Analytic:
Bioactive Protein and Peptides Market [https://www.insightaceanalytic.com/report/global-bioactive-protein-and-peptides-market/1466]
Peptide And Anticoagulant Drugs Market [https://www.insightaceanalytic.com/report/peptide-and-anticoagulant-drugs-market/1837]
Collagen Peptides Market [https://www.insightaceanalytic.com/report/collagen-peptides-market-/2271]
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact Us:
InsightAce Analytic PVT. LTD
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com [mailto:info@insightaceanalytic.com]
Follow us on LinkedIn: https://www.linkedin.com/company/insightace-analytic-pvt-ltd/ [https://www.linkedin.com/company/insightace-analytic-pvt-ltd/]
Logo: https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg [https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg]
View original content:https://www.prnewswire.co.uk/news-releases/glp-1-market-size-to-reach-usd-95-4-billion-with-a-cagr-of-10-3-from-2024-to-2031---says-insightace-analytic-302205281.html [https://www.prnewswire.co.uk/news-releases/glp-1-market-size-to-reach-usd-95-4-billion-with-a-cagr-of-10-3-from-2024-to-2031---says-insightace-analytic-302205281.html]
Photo: https://mma.prnewswire.com/media/1729637/InsightAce_Analytic_Logo.jpg InsightAce Analytic Pvt. Ltd
