Weight Reduction Medicine Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2028

The global weight reduction medicine market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The major driving factor for the growth of the weight reduction medicine market is unhealthy lifestyle and stress among population globally. People with busy lifestyles do not spare time to have a scheduled exercise routine each day. This is causing a negative impact on their body. Alcohol consumption has also proved to be a reason for an increase in weight. Pharmaceutical companies are including herbal plants and natural weight loss supplements to foster a safe, healthy weight loss regime in the consumers. Leading players who are operating in the weight reduction medicine market are adopting innovative marketing strategies to grow their sales in developing countries. People in developing countries are not aware of the weight reduction program, supplements, drugs that are prevailing in the market. Various fat-burning drugs are available in the market which are given in combination with a healthy diet and exercise. For instance, in May 2020, a fat-burning drug called PhenQ was introduced by Wolfson Berg Ltd. Drug maintains blood sugar levels in the human body and boosts energy. It contains the natural mineral chromium picolinate. It is seen in recent times that people are suffering from cardiac diseases, high blood pressure, hypertension, etc.

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A major reason for the rise in such health conditions is excessive weight gain in adults and teenagers. One in three adults in the US is suffering from obesity. Safe weight loss options should be made available in the market to overcome this problem. For instance, in March 2020, a weight-loss drug named Plenity was made available in the market. Gelesis, the company which produced this drug, said that this drug could only be used in adults with a body mass index of at least 25.

Market Coverage

· The market number available for - 2021-2028

· Base year- 2021

· Forecast period- 2022-2028

Segment Covered-

· By Product

· By application

· By distribution channel

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- including Novo Nordisk, Glaxo smith kline, Vivus Pharmaceuticals, currax pharmaceuticals LLC, Pfizer Inc., and others

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Global weight reduction medicine Market Report by Segment

By Product

• Prescribed

• Over the counter

By Application

• Appetite suppression

• Fat Blocking

• Others

By Distribution channel

• Hospital Pharmacies

• Drug stores & Retail Pharmacy

• Online Pharmacy

Global weight reduction medicine Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· F. Hoffman-La Roche Ltd.

· Abbott Laboratories

· Cargill, Inc.

· General Mills, Inc.

· Ingredion, Inc.

· Kellogg Company

· Medifast, Inc.

· Nutrisystem, Inc.

· The Kraft Heinz Company

· Pepsico, Inc.

· Mondelez International

· WW International, Inc.

· Teva Pharmaceuticals Industries Ltd.

· Novartis Healthcare Private Ltd.

· Hexal AG

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