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Forecasting November 19, 2019
Prevalence of obesity has increased significantly in recent years and thereby driving the demand for its treatment and management. The global Weight Loss and Obesity Management Industry is expected to exhibit a compound annual growth rate (CAGR) of 8.4% during 2015-2022 finds Market Research Future (MRFR) in its latest study. In addition, the market is expected to surpass a valuation of USD 6 Bn towards the end of forecast period.
Market Overview
Obesity is a highly complex disorder and requires rigorous monitoring. Moreover, there is severe scepticism over obesity treatment options and medications owing to risk of side-effects and outcomes. This is promoting pharmaceutical companies to focus on R&D pipelines. Obesity is often cited as catalyst for development of others chronic diseases such as heart diseases, hypertension, diabetes, among others. Nevertheless, advances in healthcare technology, helped in developing more effective and safer obesity management solutions.
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Sedentary lifestyle, and overeating are often linked with obesity. Obesity is now a global issue as it is prevalent in high, middle and low-income countries.
Major Key Players Competitive Landscape
Some of the prominent companies operating in the global Weight Loss and Obesity Management Industry includes
GlaxoSmithKline plc. (UK)
Herbalife Ltd. (U.S.)
Ethicon Inc. (U.S.)
Merck Sharp & Dohme Corp (US)
Hoffmann-La Roche Ltd (Switzerland)
Apollo Endosurgery (U.S.)
Pfizer Inc. (US)
AstraZeneca (UK).
Market Segmental Overview
The segmental analysis of the global Weight Loss and Obesity Management Industry has been conducted on the basis of prescription, surgery and lifestyle changes.
Based on prescription, the market has been segmented into lorcaserin (Belviq), buproprion and naltrexone (Contrave), liraglutide (Saxenda), orlistat (Xenical), phentermine and topiramate (Qsymia) and others.
Based on surgery, the market has been segmented into Biliopancreatic diversion with duodenal switch, Laparoscopic adjustable gastric banding (LAGB), Gastric bypass surgery and others.
Based on lifestyle changes, the market has been segmented into exercise, dietary changes and others.
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Global Weight Loss and Obesity Management Industry: Regional Segmentation
Key regions discussed in the MRFR's report include Americas, Asia Pacific (APAC), and Europe. North America dominates the global Weight Loss and Obesity Management Industry.
Europe ranks second in the pecking order. Well established healthcare system and high awareness level are propelling the market in Europe. The market growth in Asia-Pacific is also expected to be impressive during the forecast period.
Countries such as China, Taiwan, India, Japan, South Korea are registering a higher number of over-nourishment cases
About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Weight Loss and Obesity Management Industry Brief Insights 2019 on by Type, Diagnosis and Key Player New Products and Services - DC Velocity
