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Canadian POMC Genetic Obesity Drug Market Business Scenario Analysis By Global Industry Trend, and Opportunity Assessment till 2028

03-02-2023 07:16 PM CET | Health & Medicine

Press release from: Prudent Markets

Canadian POMC Genetic Obesity Drug Market

Canadian POMC Genetic Obesity Drug Market

The Canadian POMC Genetic Obesity Drugs 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.

Proopiomelanocortin (POMC) is the polypeptide precursor of several biologically active melanocortin peptides that have essential roles in regulating food intake and energy homeostasis, adrenal steroidogenesis, melanocyte stimulation, and immune modulation. 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 increased from 2015 where 61.9% of Canadians aged 18 and older were overweight or obese. The high level of awareness among the population about obesity and the various risks arising from the medical condition increased healthcare expenditure, the presence of favourable reimbursement policies, extensive research and development activities in the field, and the increased involvement of government as well as non-government organizations in generating awareness and funding research.

Market Drivers

The increasing prevalence of POMC Genetic obesity is propelling the demand for these drugs in Canada. The growing incidence of lifestyle diseases. Obesity-linked disorders such as heart attacks, strokes, diabetes, and cancer are increasingly reported in Canada.The increasing awareness among the patient about the weight gains and associated impacts on other health disorders attracts the patients towards this medication. The growing adoption of a sedentary lifestyle and unhealthy diet plans, and the lack of exercise have led to increased body weight and adoption of POMC Genetic 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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Major Players

With the development of changes in consumer demand, more companies will enter this industry. In Canada, the University of Alberta is doing pivotal Phase 3 trial testing of the investigational anti-obesity therapy setmelanotide. The study, run by Rhythm Pharmaceuticals, which is developing the treatment, began in late July 2019. The key market players in the POMC Genetic Obesity drug market in Canada Abbott laboratories, Johnson & Johnson, Merck & co., Novo Nordisk, Eli Lilly and Company, AstraZeneca, and Bayer AG, etc.

The report delivers the challenges in front of the Canadian POMC Genetic 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 Canadian POMC Genetic 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. 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, Certilistat, Lorcaserin, Sibutramine, Rimonabant 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 significant market share compared to other two segments, but e-pharmacies register an increased adoption rate compared to the other two segments.

Major Players

With the development of changes in consumer demand, more companies will enter this industry. In Canada, the University of Alberta is doing pivotal Phase 3 trial testing of the investigational anti-obesity therapy setmelanotide. The study, run by Rhythm Pharmaceuticals, which is developing the treatment, began in late July 2019. The key market players in the POMC Genetic Obesity drug market in Canada Abbott laboratories, Johnson & Johnson, Merck & co., Novo Nordisk, Eli Lilly and Company, AstraZeneca, and Bayer AG, etc.

The Canadian POMC Genetic 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 Canadian POMC Genetic 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 Canadian POMC Genetic 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 Canadian POMC Genetic Obesity Drug market. Each section of the research study is specially prepared to explore key aspects of the global Canadian POMC Genetic Obesity Drug Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Canadian POMC Genetic 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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Get full copy of 225+ pages research report (Inclusion of updated research on COVID-19) on United States Region at $1500 and, Europe region at $2000. Get in touch with our sales team, who will guarantee you a report that suits your needs.

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:

• Access the latest information on potential competitors and customers through a comprehensive database
• Analyse the business strategies and collaborations of multiple companies within a specific market
• Identify new markets and regions for future expansion
• 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 Canadian POMC Genetic Obesity Drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canadian POMC Genetic Obesity Drug market
Chapter 2: Exclusive Summary - the basic information of the Canadian POMC Genetic Obesity Drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canadian POMC Genetic Obesity Drug
Chapter 4: Presenting the Canadian POMC Genetic 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 Canadian POMC Genetic 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

(If you have any special requirements, please let us know and we will offer you the report as you want.)

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