The global obesity management market is seeing a spike in demand as obesity and the health problems it poses become more common. In response, it is anticipated that the market for obesity control goods and services would grow steadily between 2023 and 2033, with a Compound Annual Growth Rate (CAGR) of 5.2%. will increase continuously, reaching US$ 3,494.5 million by 2033 from US$ 2,095.6 million in 2023.
Market Driven by Growing Awareness and Need
This significant growth is primarily attributed to a heightened awareness of the critical need for obesity management, both among the public and healthcare professionals. The market, currently valued at approximately US$ 2,095.6 million in 2023, is expected to reach a staggering US$ 3,494.5 million by 2033, according to a Future Market Insights (FMI) analysis report.
Demand for Solutions Drives Market Expansion
The increasing incidence of obesity worldwide underscores the vital role effective obesity management services and solutions play in public health. Consequently, companies specializing in obesity management are witnessing a significant rise in demand for their offerings. This trend towards proactive healthcare management is fueling financial growth for businesses involved in obesity control.
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Future Outlook for a Pressing Challenge
As the battle against obesity continues, the obesity management market is well-positioned for sustained growth in the coming years. Addressing this global health challenge will require continued innovation and accessibility within the market to ensure effective solutions reach those who need them most.
Businesses that have understood the benefits of integrating obesity management services into their employee wellness programs are also contributing to the market’s growth. Growing awareness and focus on preventative healthcare is encouraging people to get expert assistance in managing their weight and overall health. Additionally, industrialized places where obesity and other lifestyle-related disorders have become major public health concerns exhibit this tendency.
Many customers are unable to receive professional treatment or participate in weight-management programs because of the stigma attached to obesity and cultural prejudices. Additionally, some people may be deterred from using obesity control programs and therapies by their high cost, particularly in low-income areas or emerging nations.
Key Takeaways from the Global Obesity Management Market Study Report by FMI
- The United States is the leading market in the adoption of obesity management strategies and generated around 32.1% of the global revenue share in 2022. Moreover, market players in the United States are making continuous investments in research and development, working with healthcare practitioners, and taking a patient-centric approach.
- Germany is the leading market in the Europe region which had a global market share of 29.5% in the year 2022.
- It is anticipated that demand for obesity management services and solutions in the Asia Pacific region could witness a high CAGR through 2033. For instance, China and India are poised to witness 6.6% and 6.4% CAGRs over the next ten years.
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Competitive Landscape for the Obesity Management Market Players
The complexity of obesity and the lack of a universally applicable management strategy are two key barriers even for these leading market players. It is difficult to provide solutions that are universally beneficial since each individual may require a treatment plan that is specialized and unique to them.
In recent years the growing percentage of obese people in third-world countries has encouraged many start-ups to adopt the business of obesity management. However, for such emerging players, it could be essential to make sure obesity control treatments are affordable and accessible to increase their impact.
Key Players Profiled in the Global Market:
- GlaxoSmithKline Plc.
- VIVUS, Inc.
- Novo Nordisk A/S
- Currax Pharmaceuticals LLC
- Cheplapharm Arzneimittel GmbH
- Bausch Health Companies Inc.
- Takeda Pharmaceuticals, Inc.
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Key Segmentation
By Drug Type:
- Bupropion and Naltrexone
- Orlistat
- Lorcaserin
- Phentermine and Topiramate
- Liraglutide
By Surgery Type:
- Gastric Bypass Surgery
- Adjustable Gastric Banding Surgery
- Gastric Sleeve Surgery
- Duodenal Switch Surgery
- Others
By Distribution Channel:
- Hospitals Pharmacies
- Retail Pharmacies
- E-commerce
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East & Africa (MEA)
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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