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Semaglutide vs Tirzepatide — Cost-Effectiveness Analysis

Semaglutide and tirzepatide represent two generations of incretin-based therapy. Semaglutide is a GLP-1 receptor agonist; tirzepatide is a dual GIP/GLP-1 receptor agonist. Both achieve substantial HbA1c reduction and weight loss, but differ in acquisition cost, dosing frequency, and pharmacoeconomic profile. This analysis compares their cost-effectiveness across clinical and economic dimensions.

ParameterSemaglutide (Ozempic)Semaglutide (Wegovy)Tirzepatide (Mounjaro)Tirzepatide (Zepbound)
Monthly cost$935–969$1,349$1,023–1,069$1,059
Annual cost$11,220–11,628$16,188$12,276–12,828$12,708
Dose range0.25–2 mg/week2.4 mg/week2.5–15 mg/week2.5–15 mg/week
Pen deviceSingle-dose penSingle-dose penSingle-dose penSingle-dose pen
Injection frequencyOnce weeklyOnce weeklyOnce weeklyOnce weekly
CountrySemaglutide (monthly)Tirzepatide (monthly)Difference
United States$935–1,349$1,023–1,059Variable
United Kingdom£75–90£80–95~5–10% more
Germany€280–350€300–370~5–10% more
CanadaCAD $300–400CAD $320–420~5–10% more
AustraliaAUD $130–180AUD $140–190~5–10% more
MetricSemaglutideTirzepatideInterpretation
ICER (per QALY gained)$15,000–25,000$18,000–30,000Both below $50K threshold
QALY gain (vs placebo)0.8–1.21.0–1.5Tirzepatide slightly higher
NNT (HbA1c <7%)3–42–3Tirzepatide more efficacious
NNT (weight loss ≥10%)4–52–3Tirzepatide more efficacious
Annual drug cost$11,220–16,188$12,276–12,828Semaglutide (Wegovy) higher
ThresholdSemaglutideTirzepatide
$50,000/QALY (US)Cost-effectiveCost-effective
$100,000/QALY (US)Highly cost-effectiveHighly cost-effective
£20,000/QALY (UK/NICE)Cost-effectiveCost-effective
€50,000/QALY (EU)Cost-effectiveCost-effective
ParameterSemaglutide (Ozempic)Tirzepatide (Mounjaro)
HbA1c reduction−1.0 to −1.8%−1.5 to −2.4%
Weight loss3–5 kg5–9 kg
MACE reduction26% (SUSTAIN-6)Pending (SURPASS-CVOT)
Annual cost$11,220–11,628$12,276–12,828
QALY gain0.8–1.21.0–1.5
ICER$15,000–20,000$18,000–25,000
ParameterSemaglutide (Wegovy)Tirzepatide (Zepbound)
Weight loss12–15%15–22%
Annual cost$16,188$12,708
QALY gain1.0–1.51.2–1.8
ICER$20,000–30,000$18,000–25,000
CV benefitSELECT trial (20% MACE reduction)Pending
ScenarioAnnual Budget ImpactPer-Member Per-Month
Semaglutide (5% uptake)$675,000$5.63
Tirzepatide (5% uptake)$641,400$5.35
Mixed formulary (3% Sema, 2% Tirz)$593,880$4.95
Cost CategorySemaglutideTirzepatide
Drug cost$11,220–16,188/yr$12,276–12,828/yr
Lost productivity savings$2,000–4,000/yr$2,500–5,000/yr
Complication avoidance$3,000–8,000/yr$4,000–10,000/yr
Net societal cost8,000/yr12,000/yr
CriterionSemaglutideTirzepatide
HbA1c requirement≥7.0% (diabetes)≥7.0% (diabetes)
BMI requirement≥30 or ≥27 + comorbidity (obesity)≥30 or ≥27 + comorbidity (obesity)
Step therapyOften 1–2 oral agents firstOften 1–2 oral agents first
Duration of coverage6–12 months, then reassess6–12 months, then reassess
AgentBiosimilar ExpectedPrice Impact
Semaglutide2031 (patent expiry)30–50% reduction
Tirzepatide2036+ (patent expiry)Limited near-term impact
MetricSemaglutideTirzepatide
6-month persistence50–60%55–65%
Injection adherence80–90%85–95%
Dose escalation success70–80%75–85%
Discontinuation (side effects)10–15%8–12%
OutcomeSemaglutideTirzepatide
Cost per 1% HbA1c reduction$6,000–8,000$5,000–6,000
Cost per 5% weight loss$10,000–15,000$7,000–10,000
Cost per QALY gained$15,000–25,000$18,000–30,000

Both semaglutide and tirzepatide are cost-effective at standard willingness-to-pay thresholds. Tirzepatide offers greater HbA1c and weight reduction at a comparable annual cost, resulting in a lower cost per unit of clinical benefit. Semaglutide has longer cardiovascular outcome data (SUSTAIN-6, SELECT), which may influence payer preference. For obesity, semaglutide (Wegovy) has a higher list price than tirzepatide (Zepbound), but real-world cost depends on insurance coverage, copay assistance, and patient assistance programs. The optimal choice depends on clinical profile, payer formulary, and patient preference.