South Africa Glp-1 Receptor Agonist Market Size & Outlook
South Africa glp-1 receptor agonist market, 2018-2030 (US$M)
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South Africa glp-1 receptor agonist market highlights
- The South Africa glp-1 receptor agonist market generated a revenue of USD 138.6 million in 2023 and is expected to reach USD 633.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 24.3% from 2024 to 2030.
- In terms of segment, ozempic (semaglutide) was the largest revenue generating product in 2023.
- Rybelsus (oral semaglutide) 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 138.6 million |
| Market revenue in 2030 | USD 633.5 million |
| Growth rate | 24.3% (CAGR from 2023 to 2030) |
| Largest segment | Ozempic (semaglutide) |
| Fastest growing segment | Rybelsus (oral semaglutide) |
| 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, South Africa accounted for 0.4% 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
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South Africa 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 47.76% in 2023. Horizon Databook has segmented the South Africa 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.
In comparison with other regions, Africa has a greater overall incidence of target diseases, and there is no evidence that this prevalence has decreased recently. According to an article published by the University of Pretoria, in March 2024, South Africa has over 4 million people with diabetes and many of the existing patient population are not getting proper treatment.
In addition, the obesity rate in the country is around 11% in male and 41% in female further increasing the risk of diabetes. Moreover, technological developments have triggered the evolution of the pharmaceutical industry in the region. However, the issue of investments arises when private companies try setting up pharmaceutical production in the country.
Key players in the country are undertaking several initiatives to enhance therapeutics in the market. For instance, in January 2022, Novo Nordisk launched once weekly semaglutide to treat type 2 diabetes. The prevalence of diabetes is expected to be highest in South Africa, and the key players operating in the market are constantly focused on developing and commercializing GLP-1 receptor agonist in the country to meet the increasing demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa glp-1 receptor agonist market , including forecasts for subscribers. This country databook contains high-level insights into South Africa glp-1 receptor agonist market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa glp-1 receptor agonist market size, by product, 2018-2030 (US$M)
South Africa GLP-1 Receptor Agonist Market Outlook Share, 2023 & 2030 (US$M)
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