Ozempic vs Mounjaro in Australia 2026 efficacy, cost + switching guide

The Health Desk · Editorial team, aged care + dental + plastic surgery + dermatology + weight-loss + psychology · Updated 14 May 2026 · How we rank · Editorial standards

General information: Ozempic (semaglutide) and Mounjaro (tirzepatide) are both Schedule 4 prescription-only GLP-1 receptor agonists in Australia. They differ in active molecule, receptor mechanism, TGA-approved indications and PBS subsidy status. Selection between TGA-approved options is a clinical decision your prescriber makes based on your circumstances; this page does not recommend one medicine over another.

Key takeaways

  • Both Ozempic (semaglutide) and Mounjaro (tirzepatide) are Schedule 4 prescription-only GLP-1 receptor agonists in Australia.
  • They differ in mechanism, TGA-approved indications, dosing schedule and cost.
  • Ozempic is PBS-listed for type 2 diabetes (Authority Streamlined). Mounjaro is not currently PBS-listed.
  • Outcome ranges are reported in different clinical-trial programmes (SURMOUNT for tirzepatide, STEP for semaglutide). The TGA Product Information is the source of truth for each.
  • Selection, switching and dose titration are clinical decisions made by your prescriber, not by a comparison website.

The head-to-head comparison

Attribute Ozempic Mounjaro
Active moleculeSemaglutideTirzepatide
MechanismGLP-1 agonist (single)GIP/GLP-1 dual agonist
ManufacturerNovo NordiskEli Lilly
Dose range0.25-1.0mg weekly2.5-15mg weekly
TGA indicationType 2 diabetesType 2 diabetes
PBS subsidised?Yes (T2D only)No
PBS price$31.60 general / $7.70 concessionN/A
Private cost/month$380-$450$450-$580
Telehealth bundle$290-$420/month$400-$550/month
Trial weight loss~15% (Wegovy 2.4mg, STEP)~20% (15mg, SURMOUNT-1)
Injection frequencyWeeklyWeekly
Titration phase~16 weeks (4 doses)~20-24 weeks (6 doses)

How the medicines differ

Tirzepatide (Mounjaro) acts on two distinct receptor families, GIP (glucose-dependent insulinotropic polypeptide) and GLP-1. Semaglutide (Ozempic) acts on GLP-1 only. The clinical-trial programmes for the two medicines (SURMOUNT for tirzepatide, STEP for semaglutide) are not strictly head-to-head; do not read a direct ranking into the published numbers without your prescriber's interpretation. The TGA Product Information for each medicine is the authoritative source for indications, dosing and safety information.

Questions to discuss with your prescriber

Decisions between TGA-approved options are clinical, not consumer choices. Discuss the following with an AHPRA-registered prescriber:

  • Which (if any) GLP-1 medicine is appropriate for your clinical picture and on-label use
  • What baseline assessment and monitoring is required
  • How PBS eligibility applies in your circumstances
  • What side-effect profile you should expect and how to manage early titration
  • If you are on one medicine and considering switching, the safe washout and titration approach

See also our general information pages on Wegovy and Ozempic.

How to switch between Ozempic and Mounjaro

Switching requires prescriber guidance because the molecules are different (unlike Ozempic↔Wegovy which share the same molecule):

  1. Discuss with your prescriber. Confirm clinical appropriateness and cost/benefit. Document the reason (insufficient weight loss, side effect intolerance, supply issue).
  2. Use up current supply. Take your final Ozempic dose at the scheduled time.
  3. Wait 7 days washout. Allows semaglutide to clear; reduces overlap of pharmacologic effects.
  4. Start Mounjaro at lowest dose. 2.5mg weekly for 4 weeks regardless of previous Ozempic dose. Don’t jump to your previous "equivalent" dose.
  5. Titrate up gradually. 2.5mg → 5mg → 7.5mg → 10mg → 12.5mg → 15mg over 5-6 months.
  6. Monitor weight, side effects, HbA1c. Expect a brief "honeymoon" of better weight loss in months 1-3 as the new mechanism takes effect.

Switching in the reverse direction (Mounjaro → Ozempic) follows the same pattern with a washout and dose restart.

12-month cost comparison

For an Australian patient without T2D paying privately:

Pathway 12-month total (AUD)
Off-label Ozempic (retail pharmacy + GP)$5,000-$6,500
Off-label Ozempic (telehealth)$3,500-$5,000
Wegovy (retail pharmacy + GP)$5,400-$7,000
Wegovy (telehealth)$3,500-$5,400
Mounjaro (retail pharmacy + GP)$5,800-$7,800
Mounjaro (telehealth)$4,800-$6,600
PBS Ozempic (T2D, general)$379
PBS Ozempic (T2D, concession)$92

The PBS pathway is dramatically cheaper for T2D-eligible patients. Compare your situation in our GLP-1 switch cost calculator.

Related coverage

Common questions

Ozempic vs Mounjaro: frequently asked questions

How do Ozempic and Mounjaro compare in Australia?

Both are Schedule 4 (prescription-only) GLP-1 receptor agonists with TGA-approved indications. They differ in mechanism (Mounjaro/tirzepatide is a dual GIP/GLP-1 receptor agonist; Ozempic/semaglutide is a single GLP-1 receptor agonist), TGA-approved indications, dosing schedule, and cost. Outcome ranges differ between the published clinical-trial programmes for each medicine; consult the TGA Product Information and your prescriber to understand which (if any) is appropriate for your circumstances. We do not make therapeutic recommendations between prescription medicines.

Is Mounjaro on the PBS in Australia?

No. Mounjaro is not currently PBS-listed for either type 2 diabetes or weight management. Patients pay the private retail price set by the dispensing pharmacy. Eli Lilly has lodged submissions with the PBAC over time; the PBS website lists current decisions.

Is Ozempic on the PBS in Australia?

Ozempic is PBS-listed for type 2 diabetes under Authority Streamlined criteria. Whether you are eligible depends on your clinical picture; your prescriber will assess. The general PBS co-payment is $31.60/month and the concessional co-payment is $7.70/month (current rates published at pbs.gov.au).

Can I switch between Ozempic and Mounjaro?

Switching between prescription medicines is a clinical decision made by your prescriber. They will consider washout, dose titration, side-effect profile and your reason for switching. Do not switch without prescriber guidance.

How do I find out which is appropriate for me?

Book a consultation with your GP. They will review your medical history, current medicines, weight history (if relevant) and the TGA Product Information for each medicine before discussing whether a GLP-1 medicine is appropriate, and if so, which. This page is general consumer health information, not a recommendation.