The global Anti-Obesity Drugs Market is predicted to reach a value of US$ 5.17 billion by 2029, showcasing significant growth from US$ 1.68 billion in 2021, at an impressive CAGR of 15.1% during the forecast period.
Report Scope
The latest report on the Anti-Obesity Drugs Market provides valuable insights into the market dynamics, including drivers, restraints, and regional trends. The report analyzes the global market’s segmentation based on Mechanism of Action, Drug Type, and Distribution Channel, along with profiling key players in the industry. Additionally, the report highlights key developments in the market, offering a comprehensive outlook for investors.
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Research Methodology
The market report on Anti-Obesity Drugs utilizes a robust research methodology to ensure accurate and reliable findings. The research process involves primary data collection through surveys, interviews, and data from reputable sources. The data is thoroughly analyzed, and insights are drawn to present a comprehensive view of the market and its future prospects.
Drivers
The major factor driving the growth of the Anti-Obesity Drugs Market is the escalating prevalence of obesity worldwide. Inactive lifestyles and poor dietary habits have led to a significant rise in obesity and overweight cases among patients globally. According to the World Health Organization (WHO), over 1.8 billion adults aged 18 and above were overweight in 2017, indicating a pressing need for effective anti-obesity medications.
Moreover, key players in the industry are actively engaged in product development and market approvals to cater to the growing global population with obesity issues. For instance, in 2021, Novo Nordisk collaborated with Evotec AG to discover and produce drug molecules targeting metabolic disorders such as obesity and diabetes. This focus on long-term therapeutic solutions creates vast opportunities for market vendors, fostering overall market growth.
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Restraints
Despite the positive growth trajectory, the market for anti-obesity drugs faces certain challenges. Adverse drug effects and the lack of combination therapies may limit market growth. Additionally, the growing acceptance of alternative solutions like gyms, exercise programs, and surgical procedures for obesity management could impact market demand.
Regional Insights
North America is anticipated to dominate the Anti-Obesity Drugs Market during the forecast period. The region’s significant market share is attributed to the rising obese population and high healthcare expenditure. Factors such as remote working, reduced physical activity, and increased stress have contributed to the growing prevalence of obesity in the adult population, further driving market growth.
On the other hand, the Asia Pacific region is expected to witness the highest growth in the Anti-Obesity Drugs Market. Factors like rising disposable income, increased healthcare spending, and the prevalence of obesity and diabetes in countries like India, China, and South Korea are fueling the demand for anti-obesity drugs.
Key Players
• Boehringer Ingelheim GmbH
• Arena Pharmaceuticals Inc.
• Takeda Pharmaceuticals Company Limited
• Zydus Cadila
• Rhythm Pharmaceuticals
• Merck & Co. Inc.
• Eisai Co. Ltd.
• Novo Nordisk A/S
• Orexigen Therapeutics Inc.
• GlaxoSmithKline PLC
• F. Hoffmann-La Roche
• Shionogi Inc.
• Norgine B.V.
• Pfizer Inc.
• Zafgen
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