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Emerging Trends Influencing The Growth Of The Glucagon-like Peptide 1 Market:Novo Nordisk Introduces Wegovy Therapy For Weight Management
Glucagon-like Peptide 1
How Big Is the Glucagon-like Peptide 1 Market Size Expected to Be by 2034?
The Glucagon-like Peptide 1 Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Glucagon-like Peptide 1 Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Glucagon-like Peptide 1 Market?
The glucagon-like peptide 1 market covered in this report 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
Subsegments:
1) By Trulicity: Injection (pre-filled pen), Dosage forms (0.75 mg, 1.5 mg, etc.)
2) By Ozempic: Injection (pre-filled pen), Dosage forms (0.5 mg, 1 mg, etc.)
3) By Victoza: Injection (pre-filled pen), Dosage forms (1.2 mg, 1.8 mg, etc.)
4) By Rybelsus: Oral tablet (3 mg, 7 mg, 14 mg)
5) By Other Types: Experimental formulations, Combination products with other medications, Alternative delivery systems
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What Long-Term Drivers Are Shaping Glucagon-like Peptide 1 Market Trends?
The escalating incidence of diabetes worldwide is projected to boost the international glucagon-like peptide 1 market in the coming years. Diabetes, a disorder characterized by excessively high levels of blood sugar or blood glucose, can be treated with glucagon-like peptide 1. This medication is typically used for conditions like type 2 diabetes and could result in weight loss and better blood sugar control. For example, data from the National Library of Medicine, a U.S. hub for biomedical informatics and computational biology, revealed in January 2022 that the global diabetes rate among individuals aged 20-79 was 10.5% (536.6 million people) in 2021, and it's predicted to rise to 12.2% (783.2 million) by 2045. Consequently, the increasing occurrence of diabetes is likely to fuel the demand for glucagon-like peptide 1.
Who Are the Top Competitors in Key Glucagon-like Peptide 1 Market Segments?
Major companies operating in the glucagon-like peptide 1 market include Novo Nordisk AS, Sanofi SA, Eli Lilly and Co, AstraZeneca plc, Pfizer Inc, Boehringer Ingelheim International GmbH, F Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Baxter, Hikma Pharmaceuticals plc, Zealand Pharma A/S, Intarcia Therapeutics Inc., GlaxoSmithKline plc, Jiangsu Hansoh Pharmaceutical Group Co Ltd, Shanghai Benemae Pharmaceutical Corporation, Adocia, Biocon, Hanmi Pharmaceutical Co Ltd, Ligand Pharmaceuticals Incorporated, Advinus Therapeutics Ltd, Mitsubishi Tanabe Pharma Corporation, Daiichi Sankyo Company Limited, Sun Pharmaceutical Industries Ltd, Union Chimique Belge, Amylin Pharmaceuticals LLC, Academic Pharmaceuticals Inc, ConjuChem Biotechnologies, MannKind Corporation:, Provention Bio Inc, Regeneron Pharmaceuticals
What Glucagon-like Peptide 1 Market Trends Are Gaining Traction Across Different Segments?
The emergence of technological advancements is a significant trend being observed in the glucagon-like peptide 1 global market. Prominent businesses in this market are developing and introducing novel technologies to maintain their market standing. For example, Novo Nordisk A/S, a pharmaceutical company based in Denmark, in March 2024, unveiled Wegovy, the only once-weekly glucagon-like peptide 1 therapy for managing weight. Wegovy successfully completed the STEP Phase 3a clinical trial program, demonstrating safety and good tolerability throughout the program. This product helps those battling obesity to accomplish and sustain weight loss.
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Which Regions Are Becoming Hubs for Glucagon-like Peptide 1 Market Innovation?
North America was the largest region in the glucagon-like peptide 1 market in 2024. The regions covered in the glucagon-like peptide 1 market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Glucagon-like Peptide 1 Market?
2. What is the CAGR expected in the Glucagon-like Peptide 1 Market?
3. What Are the Key Innovations Transforming the Glucagon-like Peptide 1 Industry?
4. Which Region Is Leading the Glucagon-like Peptide 1 Market?
Why This Report Matters:
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