Semaglutide Is Estimated To Witness High Growth Owing To Opportunity Of Improving Treatment Of Obesity And Diabetes.
Semaglutide Market Semaglutide is an analogue of the human glucagon-like peptide-1 (GLP-1) hormone used primarily for the treatment of diabetes and obesity. Semaglutide works by stimulating the release of insulin from the pancreas in a glucose-dependent manner and suppressing glucagon secretion. It also results in reduced appetite and food cravings by acting on the central nervous system. The global semaglutide market is estimated to be valued at US$ 15.8 Bn in 2023 and is expected to exhibit a CAGR of 3.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The rising prevalence of obesity and diabetes across the globe presents a major market opportunity for semaglutide. As per World Health Organization (WHO), the global prevalence of obesity has nearly tripled since 1975 and around 13% of adults are obese. Besides, obesity can also give rise to other health issues such as type 2 diabetes, cardiovascula...