Press release
Global Semaglutides Market Projected to Surpass $41.4 Billion by 2029 with 12.33% Annual Growth
Semaglutides
The rising prevalence of diabetes is expected to propel the semaglutide market. Diabetes, a chronic condition that results in high blood glucose levels, is on the rise due to factors like increasing obesity rates and poor lifestyle choices. Semaglutide aids in managing diabetes by mimicking a natural hormone, improving insulin secretion, reducing glucagon, and slowing gastric emptying, thus helping to lower blood glucose and support weight loss. In 2023, Diabetes Canada reported that approximately 2.4 million Canadians had diabetes, with numbers expected to reach 3 million by 2033, contributing to the market's growth.
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What Is the projected market size and growth rate for the semaglutides market?
The semaglutides market has expanded rapidly in recent years. It will grow from $23.07 billion in 2024 to $26 billion in 2025, with a CAGR of 12.7%. Growth factors include lifestyle changes leading to higher diabetes rates, increased research and development investment, rising healthcare spending, the expansion of pharmaceutical companies in emerging markets, and growing acceptance of injectable treatments.
The semaglutides market is expected to grow to $41.4 billion by 2029 at a CAGR of 12.3%. Growth drivers include the increasing prevalence of diabetes, the rising demand for effective therapies, government support for diabetes treatment, and the aging population. Trends include digital health integration, AI and machine learning use, telemedicine adoption, wearable technology, 3D printing, and blockchain for supply chain management.
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What new trends are reshaping the semaglutides market and its opportunities?
Companies in the semaglutides market are enhancing diabetes and obesity treatments through products like GLP-1 receptor analogues, which aim to improve patient adherence and reduce side effects. For instance, in January 2022, Novo Nordisk India launched oral semaglutide, a breakthrough diabetes treatment that was previously only available as an injection. This oral formulation combines semaglutide with SNAC, a substance that enhances absorption and protects it from stomach degradation.
What major market segments define the scope and growth of the semaglutides market?
The semaglutides market covered in this report is segmented -
1) By Brands: Ozempic, Wegovy, Rybelsus
2) By Route Of Administration: Oral, Injection
3) By Application: Type 2 Diabetes, Obesity Management
4) By End-User: Hospitals Pharmacies, Retail Pharmacies, Online Pharmacies
Subsegments:
1) By Ozempic: Pen Injection (Auto-Injector), Prefilled Pens (Dosages 0.25mg, 0.5mg, 1mg, 2mg)
2) By Wegovy: Subcutaneous Injection (Auto-Injector), Prefilled Pens (Dosages 0.25mg, 0.5mg, 1mg, 1.7mg, 2.4mg)
3) By Rybelsus: Oral Tablets (Dosages Of 3mg, 7mg, 14mg)
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Which regions are key players in the growth of the semaglutides market?
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.
Which key market leaders are driving the semaglutides industry growth?
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
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What Is Covered In The Semaglutides Global Market Report?
•Market Size Forecast: Examine the semaglutides market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the semaglutides market for a structured understanding.
•Key Players Overview: Analyze major players in the semaglutides market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the semaglutides market.
•Segment Contributions: Evaluate how different segments drive overall growth in the semaglutides market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the semaglutides market.
•Industry Challenges: Identify potential risks and obstacles affecting the semaglutides market.
•Competitive Landscape: Review strategic developments in the semaglutides market, including expansions, agreements, and new product launches.
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