Global Semaglutide Market Trends 2021 | Segmentation, Outlook, Industry Report to 2027
The prolific rise in demand for novel therapies and innovative treatment options, owing to the increasing prevalence of TZDs has boosted the prospects of the Semaglutide market substantially. In addition, factors such as a strong product pipeline, favorable reimbursement policies throughout developed economies have also acted as a key driving factor that further adds momentum to the successful launch of these products across different geographies including North America and Europe regions. Moreover, growing awareness regarding therapeutic benefits offered by new generation GLP-I agonists has been an added advantage for manufacturers operating in this space.
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In June 2021, Novo Nordisk A/S declared that the FDA has approved its diabetes medicine, semaglutide as a weekly 2.4 mg injection for weight management in people living with obesity. The GLP-1 product will be marketed by the brand name of Wegovy for chronic weight management in adults with obesity (initial BMI=30 kg/m2) or overweight (initial BMI=27 kg/m2) with at least one weight-related comorbidity, such as high blood pressure, type II diabetes, or high cholesterol.
The approval was based on data from the phase IIIa STEP study, which enrolled around 4,500 adults with overweight or obesity. Data from the study showed that people with obesity and without type II diabetes experienced an average weight loss of 17-18% sustained over 68 weeks. Semaglutide is presently approved by the trade name of Ozempic as a once-daily pre-filled pen to improve glycemic control in type II diabetes patients. It was also approved as an oral tablet by the brand name of Rybelsus in September 2019 in the United States and is now launched in 15 countries.
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered
· Regions Covered- Globally
· Competitive Landscape: Novo Nordisk A/S
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Global Semaglutide Market Report Segmentation
By Route of Administration
By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Global Semaglutide Market by Region
· United States
· Rest of Europe
· South Korea
· Rest of APAC
Rest of the World
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