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UBS sees strong growth in GLP-1 obesity drugs market, driven by rising demand and new therapies.

Market News
24 Jun 2026
Proactive Investors
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Bullish
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UBS projects the global market for GLP-1 drugs, used in obesity and diabetes, to reach $130-135 billion by 2030 with about 40 million patients, up from 25 million in 2026. Obesity is the main growth driver, and current low penetration in eligible patients supports long-term volume expansion. Despite high discontinuation rates, falling prices and next-generation therapies, including oral versions, are expected to improve patient persistence. The market is dominated by Eli Lilly and Novo Nordisk, with Lilly leading due to superior drug efficacy. UBS highlights manufacturing capacity and pricing as key factors shaping the market's future, and remains positive on key suppliers like Bachem, Ypsomed, and PolyPeptide due to sustained demand and capacity growth.

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