Latin America Glp-1 Receptor Agonist Market Size & Outlook
Latin America glp-1 receptor agonist market, 2018-2030 (US$M)
Related Markets
Latin America glp-1 receptor agonist market highlights
- The Latin America glp-1 receptor agonist market generated a revenue of USD 1,058.2 million in 2023.
- The market is expected to grow at a CAGR of 20.8% from 2024 to 2030.
- In terms of segment, trulicity was the largest revenue generating product in 2023.
- Other Products is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,058.2 million |
| Market revenue in 2030 | USD 3,974.7 million |
| Growth rate | 20.8% (CAGR from 2023 to 2030) |
| Largest segment | Trulicity |
| Fastest growing segment | Other Products |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ozempic (semaglutide), Trulicity, Mounjaro (tirzepatide), Rybelsus (oral semaglutide), Saxenda, Victoza (liraglutide), Other Products |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.9% of the global glp-1 receptor agonist market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 139,127.9 million by 2030.
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GLP-1 Receptor Agonist Market Scope
GLP-1 Receptor Agonist Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America 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.
Trulicity was the largest segment with a revenue share of 35.06% in 2023. Horizon Databook has segmented the Latin America glp-1 receptor agonist market based on ozempic (semaglutide), trulicity, mounjaro (tirzepatide), rybelsus (oral semaglutide), saxenda, victoza (liraglutide), other products covering the revenue growth of each sub-segment from 2018 to 2030.
The Latin America market for GLP-1 receptor agonist has witnessed considerable growth, driven by a high prevalence of diabetes and a surge in the demand for GLP-1 receptor agonists. Countries like Brazil and Argentina are significant drug hubs in the region; government support and collaborative research are crucial for market development.
In addition, the rising need for GLP-1 receptor agonist drugs, influenced by the current disease landscape & strong interest from healthcare professionals, contributes to market growth.
However, several challenges could hinder market growth, including limited awareness regarding preventive measures and treatments for diabetes & obesity in less developed regions, the high cost of treatment, and the absence of supportive reimbursement schemes.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America glp-1 receptor agonist market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America glp-1 receptor agonist market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America glp-1 receptor agonist market size, by country, 2018-2030 (US$M)
Latin America GLP-1 Receptor Agonist Market Outlook Share, 2023 & 2030 (US$M)
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