Weight loss pens expected to account for 20% of pharmacy revenue by 2030
Weight loss pens, specifically GLP-1 agonists like Ozempic and Mounjaro, are projected to represent 20% of the revenue of major pharmacy chains in Brazil by 2030.
According to analysts at ItaΓΊ BBA, GLP-1 agonist medications, popularly known as weight loss pens, are expected to significantly influence the revenue of major Brazilian pharmacy chains like RaiaDrogasil, Pague Menos, and Panvel. By 2030, these medications are projected to account for 20% of the total revenue, which currently is already close to the double-digit contributions to their income. The surge in demand for these medications suggests a growing acceptance and reliance on pharmaceutical aids for weight management among Brazilian consumers.
The projection highlights a substantial growth in the Brazilian weight loss medication market, estimated to rise from R$ 10 billion to R$ 50 billion by 2030, indicating an annual growth rate of 40%. This expansion is attributed to several factors, including cultural attitudes towards weight and appearance, as well as demographic shifts resulting in higher rates of overweight individuals. The upcoming expiration of the semaglutide patent set for March 2026 is expected to further boost market competition and affordability, facilitating wider access to these treatments.
The importance of this trend is underscored by the collision of health and aesthetic concerns among Brazilian consumers. With an increasing population concerned about obesity and weight management, these weight loss pens illustrate the intersection of healthcare advancements and societal values surrounding beauty and self-image. As more people seek effective solutions for weight loss, the market's growth may significantly impact public health policies and the pharmaceutical landscape in the coming years.