Obesity Management Market Forecast to 2032: Exploring Key Drivers, Challenges, and Regional Trends
The obesity management market size is projected to expand at 8.4% CAGR to reach USD 2.85 billion during the forecast period 2023-2032.
The Obesity
Management Market is witnessing significant growth, driven by the increasing
prevalence of obesity worldwide. As lifestyles become more sedentary and
dietary patterns shift towards high-calorie, processed foods, obesity has
emerged as a global health concern. The market encompasses various approaches
to address obesity, ranging from lifestyle interventions to pharmacotherapy and
surgical procedures.
One notable segment
within the Obesity Management Market is Pediatric
Weight Management. Childhood obesity has reached alarming levels,
necessitating specialized interventions to curb the long-term health
implications. Pediatric weight management focuses on promoting healthy
lifestyles, incorporating nutritional education, physical activity, and behavioral
changes tailored to the unique needs of children and adolescents.
The Obesity Weight
Management sector, a broader component of the market, encompasses solutions for
both adults and children. It includes a spectrum of interventions such as diet
plans, exercise regimens, pharmaceutical options, and, in extreme cases,
surgical procedures. The goal is not only weight reduction but also addressing
associated health risks like diabetes, cardiovascular diseases, and metabolic
disorders.
As awareness about
the adverse effects of obesity grows, the demand for effective weight
management solutions is expected to rise. Key players in the market are
investing in research and development to introduce innovative therapies and
interventions. The Pediatric Weight Management and Obesity Weight Management
segments are crucial elements in this dynamic market, reflecting a
comprehensive approach to tackling the multifaceted challenges posed by obesity
across different age groups.
Major Key Players:
Pfizer Inc. (U.S.), Merck
Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc. (U.S.), F.
Hoffmann-La Roche Ltd (Switzerland), GlaxoSmithKline plc. (U.K), AstraZeneca
plc (U.K), Herbalife Ltd. (U.S.), Apollo Endosurgery (U.S.), Ethicon, Inc.
(U.S.) are some of the Obesity Management Market Players,
globally.
Segmental
Overview
The segmental analysis of
the global obesity management market 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.
Regional
Analysis
The market of obesity management is
growing rapidly in Asia Pacific region, owing to poor diet, lack of physical
activity, and unhealthy life balance. These are the factor which leads the
obesity population in this region. Most of the countries of this region have
common lifestyle and economic conditions, So the factor introduce above have
common with in this region and leads the patient population. Government of
developing countries within this region are more focusing towards new
technology and advance treatment option, thus more research and development
programs are initiated for the development of new drugs. These are the
factors which are fuelling the growth of the market of obesity managements with
the significant rates. These advance treatment will overcome the saturation that
occurs during last few years. Countries like India and china are more focused
market for global market players owing to huge patient population and growing
purchasing power as compare to other countries in this region. The market of
obesity management is much higher in the Americas region attribute to high
presence of obesity population along with developed treatment option. According
to CDC, 37.9% of adults over 20 years were suffering with the obesity between
2013 and 2014 and 70.7% of adults aged 20 years and over were suffering with
overweight, including obesity. These stats show the opportunity of market
players within the Americas region.
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