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Zepbound® hits $1.27 billion in quarterly sales driving obesity market boom

2024.10.14 21:28:40 Esther Kim
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[Weight loss, Photo Credit to Pixabay]

Eli Lilly’s obesity treatment Zepbound® achieved impressive results, posting $1.27 billion in quarterly sales within eight months of its launch.

This success, announced in August 2024, highlights the explosive growth of the obesity treatment market.

Meanwhile, Novo Nordisk's Wegovy® has experienced such high demand that it led to supply shortages.

These two pharmaceutical giants now occupy the top two positions in the industry by market capitalization, illustrating the profound impact of obesity treatments on both the healthcare sector and the global economy.

The spotlight in the obesity treatment market is now on GLP-1 receptor agonists.

Originally developed to treat Type 2 diabetes, these drugs were later repurposed after their effectiveness in promoting weight loss became apparent.

Notable examples include Novo Nordisk's Saxenda®, Wegovy®, and Eli Lilly’s Zepbound®.

These treatments have demonstrated superior weight reduction outcomes compared to traditional therapies and are rapidly gaining market share.

With their success, Eli Lilly and Novo Nordisk have established themselves as industry leaders, reshaping the pharmaceutical landscape with obesity treatments at the forefront.

In contrast to older obesity treatments that often had minimal weight-loss effects and serious side effects, GLP-1 agonists offer hope for patients seeking more effective options with fewer risks.

Saxenda® initially required daily injections, but Wegovy® and Zepbound®, which are administered once a week, have greatly enhanced patient convenience.

Clinical trials have shown that Saxenda® results in an average weight loss of 9.2% over 56 weeks, while Wegovy® achieves 14.9% over 68 weeks, and Zepbound® leads with a remarkable 20.9% reduction over 72 weeks.

While GLP-1 drugs are currently delivered via injectable forms, efforts are underway to develop oral versions to further enhance ease of use.

Oral administration would eliminate the need for weekly injections, potentially increasing treatment adherence and accessibility.

As of 2023, the global obesity treatment market was valued at $24 billion and is expected to grow rapidly, reaching $74 billion by 2028, with a compound annual growth rate of 24-27%.

If insurance coverage for obesity treatments expands and access increases, the market could grow to $131 billion.

These projections underscore the important role that GLP-1 receptor agonists could play in managing obesity and its related health conditions.

However, many patients in the United States still face significant financial barriers due to limited insurance coverage for obesity treatments.

Treatments like Wegovy® can cost patients over $1,000 per month without insurance.

To address this issue, pharmaceutical companies are collaborating with insurance providers through rebate programs to help reduce the financial burden on patients.

These initiatives are crucial for expanding access to life-changing obesity treatments for a broader population.

Beyond obesity, GLP-1 receptor agonists are being explored for their potential in treating other conditions, including Type 2 diabetes, cardiovascular disease, metabolic-associated steatohepatitis (MASH), and even Alzheimer's disease.

Ongoing research and clinical trials suggest that many more patients could benefit from these innovative treatments in the coming years.

GLP-1 treatments are not just a revolutionary step forward in obesity management, but also a key advancement that could transform global healthcare.

By addressing obesity and its related complications, these therapies have the potential to dramatically improve the health and quality of life for millions, paving the way for a healthier future.

Esther Kim / Grade 10 Session 7
Lexington High School