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GLP-1 Receptor Agonist Market 2023 - Market Analysis, Market Size, Industry Trends, Share Estimation, And Forecast To 2032
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032GLP-1 Receptor Agonist Market Size, Growth Rate, And Forecast
The global GLP-1 receptor agonist market size is expected to grow from $12.48 billion in 2022 to $13.07 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The global GLP-1 receptor agonist market is expected to reach $15.54 billion in 2027 at a CAGR of 4.4%.
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GLP-1 Receptor Agonist Market Drivers
The rising prevalence of diabetes is expected to propel the GLP-1 receptor agonist market going forward. Diabetes is a chronic illness that develops when the pancreas either produces insufficient amounts of insulin or when the body cannot properly utilize the insulin that it does. High blood sugar is a symptom of the metabolic disorder diabetes mellitus. GLP-1 receptor agonist is used in diabetes to stimulate the body to produce more insulin, which helps to lower blood sugar levels, so the rising prevalence of diabetes will propel the market growth.
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GLP-1 Receptor Agonist Market Segments
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
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the GLP-1 receptor agonist market.
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GLP-1 Receptor Agonist Market Key Players
Major competitors in the GLP-1 receptor agonist market include Novo Nordisk A/S, Sanofi SA, Eli Lilly and Company, AstraZeneca Inc., Boehringer Ingelheim International GmbH, Hanmi Pharm Co Ltd., Pfizer Inc.
The Business Research Company's "Global GLP-1 Receptor Agonist Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The GLP-1 Receptor Agonist Market Include:
1. Executive Summary
2. GLP-1 Receptor Agonist Market Characteristics
3. GLP-1 Receptor Agonist Market Trends And Strategies
4. GLP-1 Receptor Agonist Market - Macro Economic Scenario
5. GLP-1 Receptor Agonist Market Size And Growth
..........
26. Africa GLP-1 Receptor Agonist Market
27. GLP-1 Receptor Agonist Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The GLP-1 Receptor Agonist Market
29. GLP-1 Receptor Agonist Market Future Outlook and Potential Analysis
30. Appendix
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