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Updated 2026-04-03

Best GLP-1 medication for weight loss

GLP-1 receptor agonists are the most effective class of weight loss medication available. Three are prescribed in Australia, but only two are currently available for weight management. Here's how they compare and which is best for different situations.

MedicationIngredientTypeAvg. lossCost/moAvailable for weight loss?
MounjaroTirzepatideGLP-1 + GIP~21%$350–$500Yes
WegovySemaglutide 2.4mgGLP-115–17%$400–$460Yes
OzempicSemaglutide 1mgGLP-1~15%$130–$190Restricted
SaxendaLiraglutide 3mgGLP-1~8%N/ADiscontinued

What are GLP-1 medications?

GLP-1 (glucagon-like peptide-1) receptor agonists are a class of injectable drugs that mimic a natural gut hormone. This hormone signals fullness to the brain, slows digestion, and regulates blood sugar. By amplifying these signals, GLP-1 medications produce the most significant weight loss ever achieved with non-surgical treatment.

Full GLP-1 explainer →

Our rankings

1. Mounjaro — best for maximum weight loss

Technically a dual GLP-1/GIP agonist (not pure GLP-1), Mounjaro produces the highest average weight loss at ~21%. Its dual mechanism appears to provide superior fat metabolism and energy expenditure. Lower nausea rates than Wegovy (~29% vs ~44%). The downside: no PBS prospect and less long-term safety data than semaglutide.

2. Wegovy — best overall (evidence + CV benefits + PBS potential)

The most-studied weight loss medication with 15,000+ trial participants and 4-year follow-up data. The SELECT trial proved a 20% reduction in cardiovascular events. PBS listing is pending, which could make it dramatically cheaper for eligible patients. Produces 15–17% average weight loss.

3. Ozempic — best for type 2 diabetes (but restricted for weight loss)

Contains the same ingredient as Wegovy at a lower dose. Still available and PBS-subsidised for diabetes (~$41/script), but restricted for new weight loss prescriptions since October 2024.

The bottom line

For weight loss in 2026, your real choice is between Mounjaro and Wegovy. Both are excellent — Mounjaro wins on pure effectiveness, Wegovy wins on evidence depth and PBS potential.

Full Wegovy vs Mounjaro comparison →

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