Glucagon is a hormone comprised of a 29 amino acid polypeptide, discovered in 1923, that plays a vital role in increasing blood glucose levels by stimulating glycogenolysis and gluconeogenesis. Its secretion is regulated by various factors including dietary glucose and sympathetic stimulation, and it has therapeutic applications in treating severe hypoglycemia and cardiogenic shock. Glucagon is administered via injection and is contraindicated in cases of pheochromocytoma.