PUBLISHER: The Business Research Company | PRODUCT CODE: 1706863
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706863
Semaglutide is a medication used to treat type 2 diabetes and manage obesity. It acts as a GLP-1 receptor agonist, mimicking the hormone that regulates blood sugar and appetite. Administered via injection, it helps lower blood sugar levels and supports weight loss.
The main semaglutide brands are Ozempic, Wegovy, and Rybelsus. Ozempic is a brand of semaglutide that is administered as a once-weekly injectable medication designed to improve blood sugar levels in adults with type 2 diabetes. It is available in both oral and injectable forms and is used for managing type 2 diabetes and obesity. It is distributed through various channels, including hospital pharmacies, retail pharmacies, and online pharmacies.
The semaglutides market research report is one of a series of new reports from The Business Research Company that provides semaglutides market statistics, including semaglutides industry global market size, regional shares, competitors with a semaglutides market share, detailed semaglutides market segments, market trends and opportunities, and any further data you may need to thrive in the semaglutides industry. This semaglutides market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The semaglutides market size has grown rapidly in recent years. It will grow from $23.07 billion in 2024 to $26 billion in 2025 at a compound annual growth rate (CAGR) of 12.7%. The growth in the historic period can be attributed to lifestyle changes contributing to diabetes prevalence, increasing investment in research and development, rising healthcare expenditure, expansion of pharmaceutical companies in developing regions, growing acceptance of injectable therapies.
The semaglutides market size is expected to see rapid growth in the next few years. It will grow to $41.4 billion in 2029 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to increasing prevalence of diabetes globally, rising awareness about diabetes management and treatment, growing demand for effective therapies with fewer side effects, government initiatives and policies supporting diabetes treatment, aging population leading to higher diabetes incidence. Major trends in the forecast period include digital health integration, integration of artificial intelligence and machine learning, demand for telemedicine and remote monitoring, development of wearable technology, demand for 3D printing, use of blockchain for supply chain management.
The increasing prevalence of diabetes is expected to drive the growth of the semaglutide market in the coming years. Diabetes is a chronic condition marked by high blood glucose levels due to the body's inability to produce or properly use insulin. The rise in diabetes cases is attributed to factors such as growing obesity rates, sedentary lifestyles, and poor dietary habits. Semaglutide aids in managing diabetes by mimicking the GLP-1 hormone, which boosts insulin secretion, decreases glucagon release, and slows gastric emptying, helping to lower blood glucose levels and promote weight loss. For example, in February 2023, Diabetes Canada, a Canadian non-profit organization, reported that around 2.4 million people in Canada had diabetes or prediabetes in 2023, with the number expected to increase to 3 million by 2033. As a result, the rising prevalence of diabetes is contributing to the growth of the semaglutide market.
Key players in the semaglutide market are focusing on developing products such as GLP-1 receptor analogues to enhance the effectiveness of treatments for diabetes and obesity, improve patient adherence, and reduce side effects through advanced delivery systems and personalized medicine approaches. A GLP-1 receptor analogue is a synthetic peptide that mimics the action of glucagon-like peptide-1 (GLP-1), which increases insulin secretion and regulates blood sugar levels in diabetes management. For instance, in January 2022, Novo Nordisk India, an India-based pharmaceutical company, launched oral semaglutide, marking a significant advancement in diabetes treatment. Semaglutide, a GLP-1 receptor analogue (GLP-1 RA) traditionally available only as an injection, was developed in an oral form for the first time. This oral version combines semaglutide with an absorption enhancer known as SNAC, which protects the medication from degradation in the stomach and enhances its absorption.
In May 2024, Novo Holdings, a Denmark-based life sciences company, acquired Catalent for $16.5 billion. This strategic acquisition aims to strengthen Novo Holdings' portfolio by incorporating Catalent's expertise in drug delivery technologies, biologics, and gene therapies, thereby bolstering its position in the global healthcare market. Catalent, Inc. is a US-based company involved in the production of semaglutide.
Major companies operating in the semaglutides market are Pfizer Inc., Roche Holding AG, Merck & Co. Inc., AbbVie Inc., Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Novartis International AG, Takeda Pharmaceutical Company Limited, GlaxoSmithKline Plc, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Cipla Limited, Dr. Reddy's Laboratories Ltd., Biocon Limited, Hanmi Pharmaceutical Co. Ltd., Intarcia Therapeutics Inc., Adocia SA
North America was the largest region in the semaglutides market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the semaglutides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the semaglutides market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The semaglutide market consists of sales of semaglutide tablets, semaglutide pre-filled pens, semaglutide syringes, and related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Semaglutides Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on semaglutides market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for semaglutides ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The semaglutides market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.