$17.72 Billion Forecast for GLP-1 Receptor Agonist Market by 2029, Backed by Demand and Innovation
Discover trends, market shifts, and competitive outlooks for the glp-1 receptor agonist industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
#What is the Anticipated CAGR of the GLP-1 Receptor Agonist Market, and What Factors Will Drive It?
The market size of GLP-1 receptor agonist has shown a consistent increase over the past years. It is set to expand from $13.58 billion in 2024 to $14.22 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. The notable growth in the historic period is due to factors like increasing incidence of diabetes, clinical effectiveness, patient knowledge and acceptance, worldwide health programs, and patient inclination towards injectable solutions.
Expectations are high for a robust surge in the market size of GLP-1 receptor agonist over the next several years. Predictions suggest it will reach $17.72 billion in 2029 with a compound annual growth rate (CAGR) of 5.7%. Factors contributing to this envisaged growth in the forecast duration include increasing focus on lifestyle management, adoption of personalized medicine strategies, broadening indications, the introduction of next-generation products, and their integration into combination treatments. Key trends expected to drive this market during the forecast period encompass the introduction of oral formulations, a concentrated focus on combination therapies, strategic alliances and collaborations, consideration towards reimbursement policies, and patient-centric approaches.
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What Are the Core Growth Drivers Propelling the GLP-1 Receptor Agonist Market Forward?
The escalating incidence of diabetes is predicted to be a significant driving force for the GLP-1 receptor agonist market in the future. Diabetes is a long-term disease that occurs as a result of the pancreas not generating enough insulin or the body’s inability to adequately use the insulin it produces. One main symptom of the metabolic disease known as diabetes mellitus is elevated blood sugar levels. GLP-1 receptor agonist is commonly used in diabetes treatment to encourage the body to manufacture more insulin, which in turn helps to regulate blood sugar levels. Consequently, the increasing incidence of diabetes is set to fuel the market growth. For example, as per the UK government’s Office for Health Improvement and Disparities in March 2024, the proportion of people suffering from type 1 diabetes who received all eight suggested care procedures saw a 22% rise between March 2022 and March 2023. Similarly, for those with type 2 diabetes, this figure increased by 21%. At the same time, the percentage of individuals reaching target HbA1c levels climbed to 37.9%—the highest ever recorded by the National Diabetes Audit (NDA). Therefore, the increasing occurrence of diabetes indeed stimulates the GLP-1 receptor agonist market.
What Segment Types Define the GLP-1 Receptor Agonist Market Structure?
The GLP-1 receptor agonist market covered in this report is segmented –
1) By Drug Class: Exenatide, Liraglutide, Dulaglutide, Lixisenatide, Other Drugs
2) By Route Of Administration: Parenteral, Oral
3) By End Users: Hospitals, Surgical Clinics, Other Users
Subsegments:
1) By Exenatide: Byetta, Bydureon
2) By Liraglutide: Victoza, Saxenda
3) By Dulaglutide: Trulicity
4) By Lixisenatide: Adlyxin
5) By Other Drugs: Semaglutide, Tirzepatide, Others
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Which Geographic Areas Hold the Strongest Growth Potential in the GLP-1 Receptor Agonist Market?
North America was the largest region in the GLP-1 receptor agonist market in 2024. Asia-Pacific is expected to be the fastest-growing region in the GLP-1 receptor agonist market report during the forecast period. The regions covered in the GLP-1 receptor agonist market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Which Emerging Trends that Are Influencing theGLP-1 Receptor Agonist Industry Evolution?
In the GLP-1 receptor agonist market, a prominent trend that is gaining traction is product innovation. Major players in the market are focusing on the development of groundbreaking solutions to reinforce their market standing. A case in point is that in May 2022, Eli Lilly and Company, a pharmaceutical firm based in the United States and committed to producing life-enhancing drugs, launched Mounjaro, a GIP and GLP-1 receptor agonist that has been approved by the FDA. This unique product is engineered using a singular molecule that activates the body’s receptors for the incretin hormones GIP and GLP-1. It comes as an auto-injector pen with a pre-attached, concealed needle that is user-friendly as patients neither need to handle nor see it and is available in 6 doses.
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What Is the Definition of the GLP-1 Receptor Agonist Market?
A GLP-1 receptor agonist is a type of medication that stimulates insulin release at high blood glucose levels and suppresses glucagon secretion under low blood glucose conditions. They are used to treat type 2 diabetes mellitus.
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