Latin America Semaglutide Market Size & Outlook, 2024-2035
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Latin America semaglutide market highlights
- The Latin America semaglutide market generated a revenue of USD 591.4 million in 2024.
- The market is expected to grow at a CAGR of 11.3% from 2025 to 2035.
- In terms of segment, ozempic (semaglutide) was the largest revenue generating product in 2024.
- Rybelsus (oral semaglutide) 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 2025 to 2035.
Latin America data book summary
| Market revenue in 2024 | USD 591.4 million |
| Market revenue in 2035 | USD 2,265.4 million |
| Growth rate | 11.3% (CAGR from 2025 to 2035) |
| Largest segment | Ozempic (semaglutide) |
| Fastest growing segment | Rybelsus (oral semaglutide) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2035 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ozempic (semaglutide), Wegovy (semaglutide), Rybelsus (oral semaglutide) |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.1% of the global semaglutide market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2035.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,055.5 million by 2035.
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Semaglutide Market Scope
Semaglutide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Lexicon Pharmaceuticals | View profile | 101-250 | The Woodlands, Texas, United States, North America | http://www.lexpharma.com |
| Viking Therapeutics Inc | View profile | 28 | 9920 Pacific Heights Boulevard, Suite 350, San Diego, CA, United States, 92121 | https://www.vikingtherapeutics.com |
| Biocon | View profile | 10001+ | Bangalore, Karnataka, India, Asia | http://www.biocon.com |
| AstraZeneca PLC | View profile | 89900 | 1 Francis Crick Avenue, Cambridge Biomedical Campus, Cambridge, United Kingdom, CB2 0AA | https://www.astrazeneca.com |
| Novo Nordisk A/S ADR | View profile | 66015 | Novo Alle 1, Bagsvaerd, Denmark, 2880 | https://www.novonordisk.com |
| Eli Lilly and Co | View profile | 43000 | Lilly Corporate Center, Indianapolis, IN, United States, 46285 | https://www.lilly.com |
Latin America semaglutide 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 semaglutide market will help companies and investors design strategic landscapes.
Ozempic (semaglutide) was the largest segment with a revenue share of 52.18% in 2024. Horizon Databook has segmented the Latin America semaglutide market based on ozempic (semaglutide), wegovy (semaglutide), rybelsus (oral semaglutide) covering the revenue growth of each sub-segment from 2018 to 2035.
Latin America is experiencing moderate growth in the semaglutide market, led by Brazil and Argentina. Increasing healthcare expenditures and rising awareness of obesity treatments are driving market penetration. Expanding government programs for diabetes management support semaglutide adoption in the region.
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Our clientele includes a mix of semaglutide market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America semaglutide market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America semaglutide market from 2018 to 2035, including revenue numbers, major trends, and company profiles.
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Latin America semaglutide market size, by country, 2018-2035 (US$M)
Latin America Semaglutide Market Outlook Share, 2024 & 2035 (US$M)
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