GLP-1 Receptor Agonist Market To Reach US$ 268.4 Billion By 2034, Growing at 17.5% CAGR

Trishita Deb
Trishita Deb

Updated · Jun 25, 2025

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Overview

New York, NY – June 25, 2025 –  Global GLP-1 Receptor Agonist Market size is expected to be worth around US$ 268.4 billion by 2034 from US$ 53.5 billion in 2024, growing at a CAGR of 17.5% during the forecast period 2025 to 2034. In 2024, North America led the market, achieving over 49.7% share with a revenue of US$ 26.6 Billion.

The global GLP-1 receptor agonist market is experiencing substantial growth, driven by rising prevalence of type 2 diabetes and obesity, along with increasing awareness of innovative injectable therapies. Glucagon-like peptide-1 (GLP-1) receptor agonists are a class of drugs that mimic the action of natural incretin hormones, helping regulate blood glucose levels by enhancing insulin secretion, suppressing glucagon, and delaying gastric emptying. These drugs have gained widespread clinical acceptance due to their dual benefit in glycemic control and weight reduction.

Key products in this category include liraglutide, semaglutide, dulaglutide, and exenatide, with semaglutide showing strong market momentum due to once-weekly dosing and cardiovascular benefits. The U.S. FDA and European Medicines Agency (EMA) have approved several GLP-1 therapies, reinforcing their role in frontline management of diabetes. Moreover, recent clinical trials have highlighted their potential use in treating obesity, independent of diabetes, further expanding their market scope.

GLP-1 Receptor Agonist Market Size

North America holds the largest share due to early adoption and supportive reimbursement structures. However, Asia-Pacific is expected to grow rapidly owing to the rising diabetic population and improving access to healthcare. With continued R&D, including oral formulations and combination therapies, the GLP-1 receptor agonist market is poised for sustained expansion. The market outlook remains promising with increasing demand for long-acting, efficacious, and patient-friendly diabetes treatments.

Key Takeaways

  • In 2024, the global GLP-1 receptor agonist market generated revenue of US$ 53.5 billion, and it is projected to reach US$ 268.4 billion by 2033, growing at a compound annual growth rate (CAGR) of 17.5% over the forecast period.
  • By product type, the market is segmented into semaglutide, liraglutide, exenatide, dulaglutide, and others. Among these, semaglutide dominated the market in 2023, accounting for 58.4% of the global revenue share.
  • Based on the route of administration, the market is bifurcated into parenteral and oral formulations. The parenteral segment held a major share of 63.2%, driven by the wide availability and efficacy of injectable GLP-1 therapies.
  • In terms of application, the market is categorized into type 2 diabetes mellitus, obesity, and others. Type 2 diabetes mellitus emerged as the leading application, contributing 62.3% of the market’s total revenue due to high global disease prevalence and proven therapeutic efficacy of GLP-1 drugs.
  • The market is further segmented by distribution channel into hospital pharmacies, online pharmacies, and retail pharmacies. Hospital pharmacies led the segment in 2023, holding a 57.8% revenue share, attributed to higher prescription rates and clinical use.
  • Geographically, North America held the largest regional share at 49.7% in 2023, supported by favorable reimbursement policies and high adoption of advanced diabetes treatments.

Segmentation Analysis

  • Product Type Analysis: Semaglutide led the GLP-1 receptor agonist market in 2023 with a 58.4% share, driven by its proven clinical efficacy in managing type 2 diabetes and obesity. Studies since 2021 have consistently shown its superiority in reducing HbA1c and body weight. Its availability in both injectable and oral forms has increased accessibility and patient preference. The combination of strong outcomes and flexible administration has solidified semaglutide’s dominant position within the product type segment.
  • Route of Administration Analysis: Parenteral administration held the largest share at 63.2%, owing to the clinical effectiveness and well-documented bioavailability of injectable GLP-1 receptor agonists. Drugs like semaglutide, liraglutide, and dulaglutide are typically administered subcutaneously, offering reliable glucose control and weight reduction. Despite the emergence of oral alternatives, parenteral formulations remain preferred due to long-standing clinical experience, broader availability, and established therapeutic outcomes, maintaining their strong foothold in the market.
  • Application Analysis: Type 2 diabetes mellitus accounted for 62.3% of the application share, driven by the critical role of GLP-1 receptor agonists in managing glycemic levels, body weight, and cardiovascular risk. The 2023 ADA guidelines recommend these agents for patients with type 2 diabetes, particularly those with comorbid cardiovascular or kidney conditions. The global rise in diabetes prevalence, coupled with clinical endorsement, continues to drive demand for GLP-1 therapies in this application segment.
  • Distribution Channel Analysis: Hospital pharmacies dominated the distribution channel with a 57.8% share, supported by their central role in initiating treatment for diabetes and obesity. These institutions benefit from robust infrastructure, bulk purchasing capabilities, and specialized handling of injectable drugs like GLP-1 receptor agonists. Dispensing within inpatient and outpatient settings further enhances their influence. The clinical environment, coupled with logistical suitability for managing temperature-sensitive products, underpins hospital pharmacies’ leadership in the market.

Market Segments

Product Type

  • Semaglutide
  • Liraglutide
  • Exenatide
  • Dulaglutide
  • Others

Route of Administration

  • Parenteral
  • Oral

Application

  • Type 2 diabetes mellitus
  • Obesity
  • Others

Distribution Channel

  • Hospital pharmacies
  • Online pharmacies
  • Retail pharmacies

Regional Analysis

North America held the dominant share in the GLP-1 receptor agonist market, accounting for 49.7% of total revenue. This leadership is attributed to the high prevalence of type 2 diabetes and obesity, alongside advanced healthcare infrastructure and supportive reimbursement frameworks. According to the CDC (2023), over 37 million adults in the United States live with diabetes, and obesity rates remain significantly high.

The region also benefits from the strong presence of major pharmaceutical manufacturers, widespread adoption of innovative therapies, and comprehensive insurance coverage for prescription medications. Growing awareness regarding the cardiovascular and renal benefits of GLP-1 receptor agonists continues to drive their uptake across North America.

In contrast, the Asia Pacific region is projected to witness the highest compound annual growth rate (CAGR) during the forecast period. The International Diabetes Federation (IDF) estimated that over 290 million adults in Asia Pacific were living with diabetes as of 2021. Rapid healthcare expansion, rising disposable incomes, increasing access to GLP-1 therapies, and government-led chronic disease initiatives are expected to propel market growth significantly across countries such as China, India, and Southeast Asia.

Emerging Trends

  • Expanded Clinical Indications: GLP-1 receptor agonists were first approved for type 2 diabetes in 2005 and have since received additional indications. In 2021, approval was extended to adult obesity (body mass index ≥ 30 kg/m² or ≥ 27 kg/m² with comorbidity). In 2022, pediatric use for ages 12 and older was authorized. By 2023, cardiovascular risk reduction became an approved indication. This sequential expansion has broadened the therapeutic scope of the class.
  • Greater Patient Eligibility and Uptake: Under updated ADA/EASD guidelines, an estimated 82 percent of U.S. adults with type 2 diabetes are now eligible for GLP-1 or SGLT-2 therapies, or both, reflecting guideline-driven demand. Among adolescents aged 12–17 years with obesity, prescriptions rose from 0.1 percent in 2020 to 0.5 percent in 2023 a relative increase of over 300 percent though overall use remains below 1 percent.
  • Introduction of Generics and Oral Forms: Access has been enhanced by approval of the first generic liraglutide (Victoza) earlier this year and of generic exenatide last month. Oral semaglutide (Rybelsus) has also been approved to improve glycemic control in type 2 diabetes, providing a non-injectable option.

Use Cases

  • Adjunctive Glycemic Control in Type 2 Diabetes: GLP-1 receptor agonists are used alongside diet and exercise to lower blood glucose. They have been approved for adults and for pediatric patients aged 10 years and older. In clinical practice, these agents contribute to significant HbA c reductions, often exceeding 1 percent from baseline, and are recommended for patients not achieving targets with first-line therapies.
  • Chronic Weight Management in Obesity: In a real-world cohort of 175 adults with overweight or obesity, semaglutide treatment achieved mean weight loss of 5.9 percent at 3 months and 10.9 percent at 6 months. Head-to-head data show semaglutide producing a mean 15.8 percent body-weight reduction at 68 weeks versus 6.4 percent with liraglutide, underscoring its effectiveness for sustained weight loss.
  • Pediatric and Adolescent Obesity Therapy: Following FDA expansion in 2022, GLP-1 receptor agonists are now prescribed to youths aged 12 and above with obesity (BMI ≥ 95th percentile). Although prescription rates remain low (< 1 percent of eligible adolescents), usage grew sharply in 2023, reflecting emerging adoption in younger populations.
  • Cardiovascular Risk Reduction: With 2023 indication for reducing major adverse cardiovascular events in high-risk individuals, GLP-1 receptor agonists are used as part of comprehensive cardiovascular risk management in patients with type 2 diabetes and established cardiovascular disease.

Conclusion

The global GLP-1 receptor agonist market is set for continued expansion, driven by strong clinical outcomes, expanding therapeutic indications, and growing global disease burden. With proven efficacy in managing type 2 diabetes, obesity, and cardiovascular risk, these agents have become central to modern metabolic care.

Increasing adoption, especially of semaglutide, and the availability of both injectable and oral formulations are enhancing patient access and adherence. As regulatory approvals extend to new populations and generics enter the market, affordability and availability are expected to improve further, reinforcing GLP-1 receptor agonists’ role in chronic disease management worldwide.

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Trishita Deb

Trishita Deb

Trishita has more than 8+ years of experience in market research and consulting industry. She has worked in various domains including healthcare, consumer goods, and materials. Her expertise lies majorly in healthcare and has worked on more than 400 healthcare reports throughout her career.

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