Melanin-Concentrating Hormone Receptor 1 Market Is Likely to Experience a Tremendous Growth by 2029

Melanin-concentrating hormone receptor 1 market is anticipated to grow at a significant CAGR during the forecast period. Melanin-concentrating hormone (MCH) is a neuropeptide in the central and peripheral nervous systems that control feeding behaviors and energy metabolism. The major factor contributing to the growth of the market is the increasing prevalence of obesity across the globe. According to the World Health Organization (WHO), an estimated 38.2 million children under the age of 5 years were overweight or obese in 2019. Additionally, the number of overweight children under 5 has increased by nearly 24% since 2000 in Africa. Furthermore,  almost half of the children under 5 who were overweight or obese lived in Asia in 2019. Apart from this, in 2020, an estimated 39 million children under the age of 5 were overweight or obese. Moreover, as per the same source, more than 1.9 billion adults, 18 years and older, were overweight out of which over 650 million were obese in 2016.

Some major players in the market include AstraZeneca Plc, Takeda Pharmaceutical Co., Ltd., and Boehringer Ingelheim GmbH, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in August 2021, Harmony Biosciences Holdings, Inc. announced the acquisition of HBS-102 from ConSynance Therapeutics Inc. HBS-102 is a Melanin Concentrating Hormone Receptor 1 antagonist to offer a novel approach to the treatment of narcolepsy that includes the symptoms of Rapid Eye Movement (REM) sleep dysregulation, such as cataplexy, hallucinations and sleeps paralysis.

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

Segment Covered- 

By Type
By Application

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- AstraZeneca Plc, Takeda Pharmaceutical Co., Ltd., and Boehringer Ingelheim GmbH, among others.

Melanin-Concentrating Hormone Receptor 1 Market Report by Segment

By Type

ALB-127158(a)
AZ-13483342
AZD-3857
BI-186908
Others

By Application 

Obesity
Inflammatory Bowel Disease
Non-Alcoholic Steatohepatitis
Others

A full Report of Melanin-Concentrating Hormone Receptor 1 Market is Available @  https://www.omrglobal.com/industry-reports/melanin-concentrating-hormone-receptor-1-market

Melanin-Concentrating Hormone Receptor 1 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

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