Anti Obesity Therapeutic Market Trends, Industry & Size 2031

Anti Obesity Therapeutic Market Trends, Industry & Size 2031

Segments - Anti-obesity Therapeutic Market by Drugs (Prescription Drugs, Over The Counter Drugs, and Others) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

https://growthmarketreports.com/raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vineet
Fact-checked by : Vineet Pandey
https://growthmarketreports.com/Vishal
Editor : Vishal Golekar

Upcoming | Report ID :HC-2385 | 4.3 Rating | 85 Reviews | 177 Pages | Format : PDF Excel PPT

Report Description


Anti-obesity Therapeutic Market Outlook 2031

The global anti-obesity therapeutic market size was USD 2.37 Billion in 2022 and is likely to reach USD 17.28 Billion by 2031, expanding at a CAGR of 24.7% during 2023–2031.The growth of the market is attributed to the rising number of obese patients, quickly changing lifestyles, and increasing unhealthy eating habits among people.

Obesity is a condition in which a person is extremely obese and overweight. Anti-obesity therapies are the treatments that help people lose their weight and control the body weight. Unhealthy diet such as fast food, high calorie intake, lack of physical activities, improper of sleep, and hereditary history of the person are some of the vital reasons for causing obesity.

Anti-obesity Therapeutic Market outlook

Furthermore, the ideal anti-obesity therapies are those that follow processes that helps in balancing energy and overlap with other physiological activities of the body. According to a survey published in 2017 by Our World in Data, 13% of adults worldwide are obese while 39% of all adults are overweight all over the world. Furthermore, one out of every five children and old age people in the world are overweight.

Obesity rates have been steadily rising over the last few decades. It is often referred to as a global endemic, particularly in developed countries where lifestyle-related problems such as stress, anxiety smoking & drinking are more common.


According to a report published in the European Journal of Nutrition in December 2020, during the COVID- 19 pandemic, obesity have increased dramatically all around the world. People are neglecting gym and yoga courses due to social distancing protocol, which resulted in a shift in lifestyle and a decline in physical exercise. This increase in the obesity population is predicted to fuel the demand for anti-obesity medications.

  • Growing adoption of deskbound regime and lack of physical exercise are some of the key factors fueling the market growth.
  • Rising incidences of obesity related diseases such as cardiovascular disorder and diabetes are expected to boost the market growth.
  • Increasing investment on R&D activities to enhance the anti-obesity therapeutic efficacy is estimated to boost the market growth.
  • Lack of health awareness against weight management and false mindset of people are the restraining factors hindering the market growth.
  • Many side effects of the anti-obesity treatment such as psychiatric disorder as well as strokes is anticipated to hamper the market growth.
  • Collaboration among various pharmaceutical companies to improve market potential and many government initiatives are offering great opportunities for market expansion in the coming years.

Scope of Anti-obesity Therapeutic Market Report

The report on the global anti-obesity therapeutic market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Anti-obesity Therapeutic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Drugs (Prescription Drugs, Over The Counter Drugs, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Bayer AG; Pfizer Inc.; Bristol-Myers Squibb; Alizyme PLC; GlaxoSmithKline PLC; Novo Nordisk AS; F Hoffmann-La Roche AG; Rhythm Pharmaceuticals; Shionogi USA; Vivus; and Norgine Pharmaceuticals Ltd.

Anti-obesity Therapeutic Market Segment Insights

Drugs Segment Analysis

On the basis of drugs, the global anti-obesity therapeutic market is segregated as prescription drugs, over the counter drugs, and others. The prescription drugs segment is projected to expand at a considerable CAGR during the forecast period.

With the outbreak of the COVID- 19 pandemic, various pharmaceutical companies have been developing new classes of drugs that help people lose weight and control diabetes as a potential in fighting the pandemic disease.

Novo Nordisk AS has announced in September 2020 that it has started study on COVID-19 patients on the GLP-1 medication used to treat obesity in September 2020. Thus, prescription drug demand is predicted to upsurge the segment as a result of such research and development activities.


Moreover, China Medical System Holdings has signed a USD 400 million-plus deal in June 2020 to commercialize US biotech startup Gelesis Inc.'s prescription obesity control medicine, Plenty, in China. The expansion of the prescription pharmaceuticals industry is expected to boost the segment by all of these advancements by the participants.

Anti-obesity Therapeutic Market Drugs

Regional Analysis

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share in the coming years due to the increasing obese population and growing consumption of unhealthy fast-food by a large number of people in the region.

According to the Centers for Disease Control and Prevention (CDC), adult obesity incidence is increasing and racial & ethnic disparities carry on, owing to the prevailing circumstances of lack of physical workout, work from home, and financial along with other stress among the adult population.


Furthermore, as per the CDC reports, obesity remains high and currently, twelve states have an adult obesity incidence at or above 35% including Arkansas, Indiana, Michigan, Alabama, Kansas, West Virginia, Oklahoma, Louisiana, Kentucky, Mississippi, South Carolina, and Tennessee. The number is high as compared to 2018, when nine states reported 35% obese population.

Moreover, a US-based company, Kintai Therapeutics, has announced that it was working across therapeutic areas and has started IND-enabling studies for its first novel therapy for the treatment of obesity in 2020.

KTX-0200 is the initial medication candidate, and it has shown persistent weight loss and benefits in other health indices in animal models. The introduction of these pipeline drugs, as well as the players' expanding regional footprints, are projected to propel the market growth in the region.

Anti-obesity Therapeutic Market Region

Segments

The global anti-obesity therapeutic market has been segmented on the basis of

Drugs

  • Prescription Drugs
  • Over The Counter Drugs
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Bayer AG
  • Pfizer Inc.
  • Bristol-Myers Squibb
  • Alizyme PLC
  • GlaxoSmithKline PLC
  • Novo Nordisk AS
  • F Hoffmann-La Roche AG
  • Rhythm Pharmaceuticals
  • Shionogi USA
  • Vivus
  • Norgine Pharmaceuticals Ltd.

Competitive Landscape

Some of the major competitors competing in the market are Bayer AG; Pfizer Inc.; Bristol-Myers Squibb; Alizyme PLC; GlaxoSmithKline PLC; Novo Nordisk AS; F Hoffmann-La Roche AG; Rhythm Pharmaceuticals; Shionogi USA; Vivus; and Norgine Pharmaceuticals Ltd.

These major players are trying to expand their businesses in developing regions to increase their market share. Furthermore, companies are adopting marketing strategies such as new product development, and mergers & acquisitions, partnership, and collaboration.

  • One of the global major pharmaceutical companies, GlaxoSmithKline UK, has acquired the rights to sell the world's first over-the-counter anti-obesity treatment from Swiss rival Roche. Roche received an initial payment of USD 100.0 million from GlaxoSmithKline, as well as royalty payments, for the prescription medicine Xenical. The medicine is used to avoid fat from being absorbed in the body.

  • In another event, Novartis AG has reported the outcomes of its Phase II trial of the experimental medication Bimagrumab in January 2021. The medication has showed promising results in the treatment of obesity. The medication is now being considered by Novartis product pipeline.

  • On the other hand, In January 2021, Novo Nordisk AS has announced a collaboration with the start-up Fauna Bio to research on the molecules and pathways that run metabolism in hibernating animals in order to find novel therapeutic approaches to obesity.

Anti-obesity Therapeutic Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Anti-obesity Therapeutic Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Anti-obesity Therapeutic Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Anti-obesity Therapeutic Market - Supply Chain
  4.5. Global Anti-obesity Therapeutic Market Forecast
     4.5.1. Anti-obesity Therapeutic Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Anti-obesity Therapeutic Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Anti-obesity Therapeutic Market Absolute $ Opportunity
5. Global Anti-obesity Therapeutic Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Anti-obesity Therapeutic Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Anti-obesity Therapeutic Demand Share Forecast, 2019-2026
6. North America Anti-obesity Therapeutic Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Anti-obesity Therapeutic Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Anti-obesity Therapeutic Demand Share Forecast, 2019-2026
7. Latin America Anti-obesity Therapeutic Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Anti-obesity Therapeutic Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Anti-obesity Therapeutic Demand Share Forecast, 2019-2026
8. Europe Anti-obesity Therapeutic Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Anti-obesity Therapeutic Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Anti-obesity Therapeutic Demand Share Forecast, 2019-2026
9. Asia Pacific Anti-obesity Therapeutic Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Anti-obesity Therapeutic Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Anti-obesity Therapeutic Demand Share Forecast, 2019-2026
10. Middle East & Africa Anti-obesity Therapeutic Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Anti-obesity Therapeutic Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Anti-obesity Therapeutic Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Anti-obesity Therapeutic Market: Market Share Analysis
  11.2. Anti-obesity Therapeutic Distributors and Customers
  11.3. Anti-obesity Therapeutic Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bayer AG
     11.4.2. Pfizer Inc.
     11.4.3. Bristol-Myers Squibb
     11.4.4. Alizyme PLC
     11.4.5. GlaxoSmithKline PLC
     11.4.6. Novo Nordisk AS
     11.4.7. F Hoffmann-La Roche AG
     11.4.8. Rhythm Pharmaceutical

Methodology

Our Clients

Pfizer
Siemens Healthcare
General Mills
sinopec
Nestle SA
FedEx Logistics
Dassault Aviation
Microsoft