Australia Glp-1 Receptor Agonist Market Size & Outlook
Australia glp-1 receptor agonist market, 2018-2030 (US$M)
Related Markets
Australia glp-1 receptor agonist market highlights
- The Australia glp-1 receptor agonist market generated a revenue of USD 378.0 million in 2023 and is expected to reach USD 1,325.3 million by 2030.
- The Australia market is expected to grow at a CAGR of 19.6% from 2024 to 2030.
- In terms of segment, ozempic (semaglutide) was the largest revenue generating product in 2023.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
Glp-1 receptor agonist market data book summary
| Market revenue in 2023 | USD 378.0 million |
| Market revenue in 2030 | USD 1,325.3 million |
| Growth rate | 19.6% (CAGR from 2023 to 2030) |
| Largest segment | Ozempic (semaglutide) |
| Fastest growing segment | Other Products |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ozempic (semaglutide), Trulicity, Rybelsus (oral semaglutide), Saxenda, Victoza (liraglutide), Other Products |
Other key industry trends
- In terms of revenue, Australia accounted for 1.0% of the global glp-1 receptor agonist market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China glp-1 receptor agonist market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 578.9 million by 2030.
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GLP-1 Receptor Agonist Market Scope
GLP-1 Receptor Agonist Market Companies
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Australia glp-1 receptor agonist market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to glp-1 receptor agonist market will help companies and investors design strategic landscapes.
Ozempic (semaglutide) was the largest segment with a revenue share of 40.63% in 2023. Horizon Databook has segmented the Australia glp-1 receptor agonist market based on ozempic (semaglutide), trulicity, rybelsus (oral semaglutide), saxenda, victoza (liraglutide), other products covering the revenue growth of each sub-segment from 2018 to 2030.
Government initiatives play a crucial role in driving the Australia GLP-1 receptor agonist market. For example, the ARC Centre of Excellence for Innovations in Peptide and Protein Science is a research program that leverages the unique characteristics of the Australian environment.
It is focused on the discovery and evaluation of novel proteins & peptides derived from native Australian flora & fauna. These compounds have the potential to be utilized in novel ways within the domains of healthcare, agriculture, etc.
The favorable regulatory framework and high demand for GLP-1 receptor agonist in the country are likely to boost market expansion. Furthermore, the high prevalence of target diseases in the country makes it essential for key players to formulate and manufacture newer drugs that are efficient & can help in reducing the burden of diabetes in the country.
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Target buyers of Australia glp-1 receptor agonist market databook
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Our clientele includes a mix of glp-1 receptor agonist market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia glp-1 receptor agonist market , including forecasts for subscribers. This country databook contains high-level insights into Australia glp-1 receptor agonist market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia glp-1 receptor agonist market size, by product, 2018-2030 (US$M)
Australia GLP-1 Receptor Agonist Market Outlook Share, 2023 & 2030 (US$M)
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