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Glucagon-Like Peptide 1 Market Report 2023-2032: Market Size, Share, Trends And Analysis | Novo Nordisk AS, Sanofi SA, Eli Lilly and Co, AstraZeneca plc, Pfizer Inc
Glucagon-Like Peptide 1 Market
The Business Research Company's Glucagon-Like Peptide 1 Global Market Report 2023 identifies rising prevalence of diabetes as the major driver for the Glucagon-Like Peptide 1 market's growth in the forecast period. Diabetes is a condition in which the blood sugar, or blood glucose, is too high. Glucagon-like peptide 1 is a medication used to treat conditions such as type 2 diabetes that may lead to weight loss and improved blood sugar.
The global glucagon-like peptide 1 market size is expected to grow from $18.11 billion in 2022 to $19.51 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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, causing inflation across goods and services and affecting many markets across the globe. The global glucagon-like peptide 1 market size is expected to reach $25.89 billion in 2027 at a CAGR of 7.3%.
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Major competitors in the Glucagon-Like Peptide 1 market are Novo Nordisk AS, Sanofi SA, Eli Lilly and Co, AstraZeneca plc, Pfizer Inc.
A key trend in the Glucagon-Like Peptide 1 market includes Technological innovations. Major companies operating in the glucagon-like peptide 1 market are launching new and innovative technologies to sustain their position in the market. For instance, Novo Nordisk A/S, a Denmark-based pharmaceutical company, launched Wegovy, the first and only once-weekly glucagon-like peptide 1 therapy for weight management. Wegovy successfully completed the STEP Phase 3a clinical trial program and demonstrated a safe and well-tolerated profile across the program. This product is used by people who struggle with obesity to achieve and maintain weight loss.
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The Glucagon-Like Peptide 1 market is segmented -
1. By Product: Trulicity, Ozempic, Victoza, Rybelsus, Other Types
2. By Route of Administration: Oral, Parenteral, Other Routes
3. By End-Users: Hospitals, Specialty Clinics, Other End Users
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Glucagon-Like Peptide 1 market.
The Business Research Company's "Global Glucagon-Like Peptide 1 Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Glucagon-Like Peptide 1 Market Include:
1. Executive Summary
2. Glucagon-like Peptide 1 Market Characteristics
3. Glucagon-like Peptide 1 Market Trends And Strategies
4. Glucagon-like Peptide 1 Market - Macro Economic Scenario
5. Glucagon-like Peptide 1 Market Size And Growth
……
26. Africa Glucagon-like Peptide 1 Market
27. Glucagon-like Peptide 1 Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Glucagon-like Peptide 1 Market
29. Glucagon-like Peptide 1 Market Future Outlook and Potential Analysis
30. Appendix
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