India's Weight-Loss Drug Market Faces Slowdown Despite Affordable Options
Ozempic’s Desi Versions Flood India, But Market Growth Hits Brakes
News 18
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India's weight-loss drug market, valued at ₹2,000 crore, is experiencing a slowdown after a surge in affordable versions of Ozempic and Mounjaro. Sales plateauing raises questions about genuine demand versus a shift to cheaper alternatives, with innovator brands still showing growth.
- 01India's weight-loss drug market reached ₹2,000 crore but is now plateauing after rapid growth.
- 02Sales of semaglutide injections increased significantly, from 25,000 units in February to 1.9 lakh in May, but growth has slowed.
- 03Only seven out of 35 brands saw sales growth in May, indicating struggles for many cheaper versions.
- 04Innovator brands continue to perform well, suggesting sustained physician confidence despite lower-cost competition.
- 05The market is shifting towards using these therapies for broader metabolic conditions, not just obesity.
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India's weight-loss drug market has hit a significant milestone of ₹2,000 crore, but recent data indicates that the explosive growth seen in the past year is stalling. Following the introduction of affordable versions of Ozempic (semaglutide) and Mounjaro (tirzepatide), sales surged initially, with semaglutide injections rising from 25,000 units in February to 1.9 lakh in May. However, growth momentum has slowed, raising questions about whether the influx of cheaper drugs genuinely expanded the patient base or merely shifted existing patients to more affordable options. While the market saw a plateau, innovator brands continue to demonstrate robust growth, with a 27% month-on-month increase, highlighting the ongoing confidence of healthcare providers in evidence-based therapies. Experts suggest that the market is transitioning to a more mature phase, focusing on long-term patient adherence and broader metabolic strategies, as India grapples with high obesity and diabetes rates. The future of the market will depend on balancing access with patient selection and medical supervision.
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The slowdown in the weight-loss drug market may affect access to affordable treatments for obesity and diabetes in India.
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