Press release
Weight Loss and Obesity Management Market SWOT Analysis, Key Companies, CAGR Status by 2028 | Novo Nordisk A/S, Takeda Pharmaceutical Company Ltd, Eisai Co., Ltd
Obesity is characterized as the accumulation of excess body fat. Diseases and the promotion of an unhealthy lifestyle are two main contributors to obesity around the world. Drugs, dietary supplements, bariatric surgery (weight reduction surgery), and exercise are some of the techniques used to treat weight loss and obesity. As per the World Health Organization (WHO), a person is overweight if their BMI is greater than or equal to 25, and obese if their BMI is greater than or equal to 30.In 2019, the global weight loss and obesity management market is projected to be worth US$ 170.0 billion, growing at a CAGR of 7.1 percent during the forecast period (2019-2027).
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Rising prevalence of obesity in developing and developing economies around the world is expected to drive growth of the global weight loss and obesity management market during the forecast period. As per the World Federation of Obesity, nearly 27.4 million children in India will be obese by 2030, according to estimates. During the forecast period, the exponential rise in childhood obesity in India is projected to raise demand for weight loss and obesity management techniques.
Moreover, the weight loss and obesity management market is projected to rise due to increased research and development, as well as market players' embrace of strategies such as partnerships and the development of new goods to extend their geographic footprint. CY Biotech was granted exclusive manufacturing and marketing rights to its anti-obesity agent lorcaserin hydrochloride (lorcaserin) in China by Eisai Co., Ltd. in July 2018.
Additionally, factors such as poor visibility in low-income countries and the high cost of weight loss and obesity management goods and services are likely to stymie growth of the global weight loss and obesity management market over the forecast period.
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The weight loss and obesity management market is projected to expand due to increased acceptance of strategies by key players in the market.
Manufacturers are focused on corporate mergers, acquisitions, and partnerships to improve their market presence. In October 2018, Eisai Co., Ltd. agreed to award exclusive production and marketing rights for its anti-obesity agent, lorcaserin hydrochloride, to Eurofarma Laboratories S.A. in 17 Latin American and Caribbean countries, except Brazil.
Key Players
Key companies contributing in the global weight loss and obesity management market are Brunswick Corporation, Amer Sports, Apollo Endosurgery (U.S.), Eisai Co., Ltd., Herbalife Ltd., Kellogg Company, NutriSystem, Inc., Novo Nordisk A/S, Takeda Pharmaceutical Company Ltd, Medtronic, Life Time Fitness Inc., VIVUS Inc., Johnson & Johnson Services, Inc., Equinox, Inc., F. Hoffmann-La Roche Ltd, Ethicon Inc., Duke Products & Services & Fitness Center, and Cybex International.
Reasons to Purchase this Report
• Current and future of global Weight Loss and Obesity Management market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Table of Content
Global Weight Loss and Obesity Management Market Research Report
Section 1: Global Weight Loss and Obesity Management Industry Overview
Section 2: Global Economic Impact on Weight Loss and Obesity Management Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Weight Loss and Obesity Management Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
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