Saudi Arabia Glp-1 Receptor Agonist Market Size & Outlook
Saudi Arabia glp-1 receptor agonist market, 2018-2030 (US$M)
Related Markets
Saudi Arabia glp-1 receptor agonist market highlights
- The Saudi Arabia glp-1 receptor agonist market generated a revenue of USD 103.3 million in 2023 and is expected to reach USD 471.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 24.2% 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 103.3 million |
| Market revenue in 2030 | USD 471.1 million |
| Growth rate | 24.2% (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, Saxenda, Victoza (liraglutide), Other Products |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% 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 Middle East & Africa, South Africa glp-1 receptor agonist market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 371.6 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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Saudi Arabia 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 51.11% in 2023. Horizon Databook has segmented the Saudi Arabia glp-1 receptor agonist market based on ozempic (semaglutide), trulicity, saxenda, victoza (liraglutide), other products covering the revenue growth of each sub-segment from 2018 to 2030.
Despite having a low local output of branded drugs relative to generic ones, the country has the largest pharmaceutical market in the MEA. Moreover, the country is experiencing an increased prevalence of target diseases, specifically obesity and diabetes.
According to NIH, the prevalence of obesity in Saudi Arabia was 37%, and diabetes prevalence was the second highest in the MEA region. Moreover, this rise in type 2 diabetes has been seen over time, with an increase in prevalence rate from 8.5% in 1992 to 39.35% in 2022.
Furthermore, a mix of private and government initiatives & investments focused on enhancing the healthcare industry in the country is expected to drive market growth over the forecast period. For instance, in June 2023, Saudi Arabia’s Public Investment Fund launched Lifera, a commercial-scale CDMO aimed at enhancing the biopharmaceutical industry.
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Target buyers of Saudi Arabia glp-1 receptor agonist market databook
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia glp-1 receptor agonist market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia glp-1 receptor agonist market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia glp-1 receptor agonist market size, by product, 2018-2030 (US$M)
Saudi Arabia GLP-1 Receptor Agonist Market Outlook Share, 2023 & 2030 (US$M)
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