The global obesity management market is poised for substantial growth, with an expected compound annual growth rate (CAGR) of 5.2% during the forecast period from 2023 to 2033. This upward trajectory is projected to elevate the market value from an estimated USD 2,095.6 million in 2023 to approximately USD 3,494.5 million by 2033.
According to FMI Analysis, effective obesity management services, and solutions are now necessary due to the increased incidence of obesity worldwide. As a result, businesses that focus on the management of obesity are seeing a large increase in demand for their goods and services. Additionally, several businesses or companies involved in the control of obesity are benefiting financially from this trend toward proactive healthcare management.
Market growth is also getting further aided by the firms that have realized the value of including obesity management services in their employee wellness programs. People are being encouraged to seek professional help in controlling their weight and general health due to rising preventative healthcare knowledge and attention. Also, this pattern is noticeable in industrialized areas where obesity and other lifestyle-related illnesses have become serious public health issues.
The stigma associated with obesity and cultural judgments prevents many clients from getting professional treatment or taking part in programs for managing their weight. Also, the high expense of obesity management programs and treatments may discourage some people from using them, especially in low-income areas or emerging economies.
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.
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
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