Latest Report Of Canada Anti-Obesity Drug Market Growth, Opportunities, Risk, Challenges, Gross Margin, Covid-19 Outbreaks

Report Overview

The Canada Anti-obesity drug market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

According to the 2015 Canadian Health Measures Survey, 30% or more than one in three adults in Canada has obesity and may require medical support to manage their disease. In 2018, 26.8% of Canadians 18 and older (roughly 7.3 million adults) reported height and weight that classified them as obese. Another 9.9 million adults (36.3%) were classified as overweight bringing the total population with increased health risks due to excess weight to 63.1% in 2018. This was an increase from 2015, where 61.9% of Canadians aged 18 and older were overweight or obese. Overall, the proportion of adults who were overweight or obese was higher among males (69.4%) than among females (56.7%). The proportion who were overweight or obese was higher for males for all age groups starting at age 20. Obesity has incubated a sedentary lifestyle among the population to practice social distancing and severe lockdowns. The healthcare organization has issued a guideline and recommendation for the management of overweight/ obese patients as they have a greater probability of contracting the disease.

Market Drivers

The increasing prevalence of obesity is propelling the demand for these drugs in Canada. The growing awareness among the patient about the weight gains and associated impacts on other health disorders is attracting the patients towards this medication. The increasing adoption of a sedentary lifestyle and unhealthy diet plans along with the lack of exercise has led to increased body weight and adoption of anti-obesity drugs. The lack of weight management among the people and false mindsets of the people are the two factors restraining the growth of these markets.

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Top 5 Major Players

The anti-obesity prescription drug market in Canada is moderately competitive. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth. The key market players in the Anti-obesity drug market in Canada are GlaxoSmithKline PLC, Novo Nordisk AS, Pfizer Inc., F Hoffmann-La Roche AG, and Bayer AG.

The report delivers the challenges in front of the Canada Anti-Obesity Drug Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Canada Anti-Obesity Drugs Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Type:

Based on the drug type, the market is segmented based on prescription and OTC drugs. In the Chinese geography, OTC drugs dominate the market with a larger market share as compared to prescription drugs.

By drug class:

Based on the drug class, the market is segmented into Orlistat, liraglutide, Certilistat, Lorcaserin, Sibutramine, Rimonabant, Metformin, Exenatide, Amylin, Topiramate, Bupropion, and Others.

By Distribution channels:

Based on distribution channels, the market is segmented into hospitals, retail pharmacies, and E-pharmacies. The retail pharmacies hold a large market share as compared to the other two segments, but E-pharmacies register an increased adoption rate as compared to the other two segments.

Top 5 Major Players

The anti-obesity prescription drug market in Canada is moderately competitive. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth. The key market players in the Anti-obesity drug market in Canada are GlaxoSmithKline PLC, Novo Nordisk AS, Pfizer Inc., F Hoffmann-La Roche AG, and Bayer AG.

The Canada Anti-Obesity Drug Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Canada Anti-Obesity Drug market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Canada Anti-Obesity Drug Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Canada Anti-Obesity Drug market. Each section of the research study is specially prepared to explore key aspects of the global Canada Anti-Obesity Drug Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Canada Anti-Obesity Drug market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

This post-pandemic business planning research will aid clients to:
• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

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Our qualified team of researchers, analysts, and consultants use in-depth qualitative research, quantitative research, and the latest recognized research techniques to offer an unrivaled level of detail and value to your research activities. Our market and competitive intelligence can be utilized by teams across multiple departments, including sales and business development, marketing, to:

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• Compare financial trends between competitor companies
• Get to know about mergers and acquisitions
• Explore the strengths and weaknesses of companies cross-industry
• Improve your business modeling

Strategic Points Covered in Table of Content of Global Canada Anti-Obesity Drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canada Anti-Obesity Drug market
Chapter 2: Exclusive Summary - the basic information of the Canada Anti-Obesity Drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canada Anti-Obesity Drug
Chapter 4: Presenting the Canada Anti-Obesity Drug Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canada Anti-Obesity Drug market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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