South Korea Glp-1 Receptor Agonist Market Size & Outlook
South Korea glp-1 receptor agonist market, 2018-2030 (US$M)
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South Korea glp-1 receptor agonist market highlights
- The South Korea glp-1 receptor agonist market generated a revenue of USD 217.9 million in 2023 and is expected to reach USD 1,008.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 24.5% 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 217.9 million |
| Market revenue in 2030 | USD 1,008.6 million |
| Growth rate | 24.5% (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, South Korea accounted for 0.6% 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
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 43.37% in 2023. Horizon Databook has segmented the South Korea 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.
The South Korea GLP-1 receptor agonist market is anticipated to grow due to increasing healthcare expenditure, favorable government initiatives, and a high burden of target diseases. For instance, the prevalence of type 2 diabetes has increased from less than 1% in 1960 to 13.9% in 2020; moreover, the prevalence of obesity in the total population is around 9.2% in the country.
Furthermore, several initiatives undertaken by market players to expand drug manufacturing contribute to market growth. For instance, in August 2024, G2GBio announced a breakthrough in its CDO and CDMO operations with a new microsphere injectable platform, InnoLAMP, achieving over 60% drug loading for small molecules and 50% for peptide drugs.
This advancement surpasses current commercial limits, overcoming challenges in drug loading and controlled release. G2GBio's technology has successfully incorporated high drug loads for peptides, such as semaglutide and tirzepatide, a significant improvement from existing products.
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Target buyers of South Korea 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 South Korea glp-1 receptor agonist market , including forecasts for subscribers. This country databook contains high-level insights into South Korea glp-1 receptor agonist market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea glp-1 receptor agonist market size, by product, 2018-2030 (US$M)
South Korea GLP-1 Receptor Agonist Market Outlook Share, 2023 & 2030 (US$M)
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