GLP-1 Agonists Market is on an Upward Growth Curve

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global GLP-1 Agonists Market Size, Share & Trends Analysis Report By Route of Administration (Oral, Injection), By Molecule (Dulaglutide, Liraglutide, Semaglutide, Lixisenatide, Exenatide, Tirzepatide), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies), Region, Market Outlook And Industry Analysis 2031"

The global GLP-1 agonists market is estimated to reach over USD 10.32 billion by 2031, exhibiting a CAGR of 11.3% during the forecast period.

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GLP-1 agonists are drugs primarily used to manage type 2 diabetes. Pharmaceuticals that act similarly to the hormone GLP-1, which the body produces naturally, are crucial for controlling blood sugar levels. Agents that bind to the glucagon-like peptide-1 receptor are called GLP-1 agonists and are useful in treating type 2 diabetes. Through activating GLP-1 receptors, GLP-1 RAs improve insulin production while blocking glucagon secretion. Although the acting mechanism of all GLP-1 RAs is identical, there are variations in formulation, dosage, injection technique, and administration. Using the GLP-1 receptor agonist to treat type 2 diabetes is that it inhibits the synthesis of glucagon from pancreatic alpha cells when blood sugar levels are high. The hormone glucagon raises blood glucose levels by encouraging the liver to release glucose from glycogen. In addition, agonists of the GLP-1 receptor can increase the proliferation of pancreatic beta cells and decrease their apoptosis or cell death. The GLP-1 receptor agonist market is expected to experience expansion due to the discovery of novel medicines.

List of Prominent Players in the GLP-1 Agonists Market:
• Eli Lilly and Company
• Sanofi
• AstraZeneca
• Novo Nordisk
• Boehringer Ingelheim
• Twist Bioscience Corporation

Market Dynamics:
Drivers-
The growing demand for GLP-1 agonists in the market is fueled by the introduction of novel treatments. The increasing number of patients seeking innovative treatments for conditions such as diabetes, obesity, cardiovascular illnesses, and many more. Pharmaceutical companies are ramping up their efforts to combat the physical and mental health problems associated with obesity and diabetes by creating new GLP-1 receptor agonist medications. Pharmaceutical corporations continuously pursue innovations in formulation, bioavailability, combination treatments, and administration methods. Medications that act as agonists to the GLP-1 receptor (GLP-1) are utilized to treat diabetes and obesity. Global demand for GLP-1 receptor agonists is expected to be driven by rising rates of diabetes and obesity.

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Challenges:
The prime challenges are high cost, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which are predicted to slow the growth of the GLP-1 agonists market. GLP-1 agonists can be costly, making them out of reach for some patients. Problems with injections and the associated costs mean that widespread adoption is unlikely. Problems with injections and the associated costs mean that widespread adoption is unlikely. The availability of appropriate insurance may provide a future challenge to expanding the market for glucagon-like peptide 1 (GLP-1) agonists. The COVID-19 pandemic significantly impacted the healthcare industry, wreaking havoc on the supply chain and affecting tasks such as ingredient procurement and final delivery. As a result of the pandemic's lockdowns and isolation policies, managing diabetes and making sure people take their medicine as prescribed became almost impossible.

Regional Trends:
The North American GLP-1 agonists market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because of many things, like a strong healthcare system, a lot of money spent on research and development, and a high kind two diabetes rate. Besides, Europe had a substantial share in the market because of the more government programs and subsidies aimed at detecting and treating diabetes. Additionally, the prevalence of long-term health conditions is on the rise.

Recent Developments:
• In June 2023, Lilly and Company (NYSE: LLY) continued to extend the tender bid to acquire all of POINT Biopharma Global Inc.'s common stock for $12.50 per share in cash, excluding interest and any applicable tax withholding. The offer was originally announced to acquire all issued and outstanding shares ("Shares") of POINT Biopharma Global Inc.
• In September 2023, Novo Nordisk A/S and Inversago Pharma announced that if certain commercial and development goals are met, Novo Nordisk will acquire Inversago for a cash price of up to $1.0775 billion. Among the metabolic disorders, obesity, and associated complications, Inversago Pharma of Montreal is researching and developing medicines based on receptors.

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Segmentation of GLP-1 Agonists Market-
By Route of Administration-
• Oral
• Injection
By Molecule-
• Dulaglutide
• Liraglutide
• Semaglutide
• Lixisenatide
• Exenatide
• Tirzepatide
By Distribution Channel-
• Hospital Pharmacies
• Retail Pharmacies
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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