Press release
Anti-Obesity Drugs Market To Expand At A Robust Revenue Growth Between 2023 And 2032
Anti-Obesity Drugs -Xcellent Insights
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Anti-obesity drugs, also known as weight loss medications, are pharmaceutical compounds or treatments specifically designed to help individuals lose weight or manage their weight in cases of obesity. These drugs are intended to be used as part of a comprehensive weight management program that includes a balanced diet, regular physical activity, and lifestyle modifications.
Anti-obesity drugs Market Overview:
The global Anti-obesity drugs market size is expected to register a robust revenue share throughout the forecasted timeframe. The report offers detailed insights into factors that can drive and hamper overall market growth during the coming years. The purpose of this report is to provide a detailed overview of the Anti-obesity drugs industry to help consumers and avid readers understand market dynamics and make investment plans accordingly.
COVID-19 Impact on the Global Anti-obesity drugs Market:
The COVID-19 pandemic has drastically affected overall market with an untimely lockdown, shortage of labor due to gathering restrictions, slowing of manufacturing, and fluctuations in demand and supply of products. However, the situation is expected to change due to increasing vaccination drives and reducing COVID-19 cases.
Competitive Landscape:
The global market is highly fragmented and comprises various market players operating at global and regional levels. The report offers a detailed review of each market player including their business expansion plans, global standing, research and development plans, and product launches. Moreover, it also sheds light on how market players are planning various strategic alliances to retain their market position and enhance their product base.
The report includes:
• Company Name
• Business Information
• SWOT Analysis
• Sales, Revenue, Price and Gross Margin
• Market Share
Anti-obesity drugs Market Segment by Market Players:
• Novo Nordisk A/S (Denmark)
• GlaxoSmithKline plc (U.K.)
• VIVUS LLC. (U.S.)
• Currax Pharmaceuticals LLC (U.S.)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Pfizer Inc. (U.S.)
• Sandoz International GmbH (Novartis AG) (Germany)
• Boehringer Ingelheim International GmbH (Germany)
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Anti-obesity drugs Market Segmentation:
The report highlights the growth rates and sizes of various types, applications, and regional divisions. Here's the segmentation for the global Anti-obesity drugs market:
Anti-obesity drugs Market Segment by Type:
• Peripherally Acting Anti-obesity Drugs
• Centrally Acting Anti-obesity Drugs
Anti-obesity drugs Market Segment by Application:
• Kids
• Adults
Anti-obesity drugs Market Segment by Distribution Channel:
• Hospital Pharmacy
• Retail and Online Pharmacy
Anti-obesity drugs Market Segment by Region:
• North America (US, Canada)
• Europe (Germany, France, UK, Italy, Russia)
• Asia Pacific (China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Malaysia, Philippines, Vietnam)
• Latin America (Mexico, Brazil, Argentina)
• Middle East & Africa (Turkey, Saudi Arabia, UAE)
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Some of the significant drivers of the anti-obesity drugs market include:
• Rising Obesity Epidemic: The global obesity epidemic is a primary driver for the anti-obesity drugs market. As obesity rates continue to increase worldwide, there is a growing demand for effective treatments to help individuals manage their weight and associated health conditions.
• Increased Awareness: Greater awareness of the health risks associated with obesity has led to more individuals seeking medical intervention and treatment options. Public health campaigns and educational initiatives have contributed to this increased awareness.
• Advancements in Drug Development: Ongoing research and development efforts have led to the discovery of new drug candidates with improved safety and efficacy profiles. Advances in pharmacology and biotechnology have contributed to the development of more targeted and effective anti-obesity medications.
KEY INDUSTRY DEVELOPMENTS:
• October 2022: Lilly received Fast Track Designation from USFDA for tirzepatide. The product is being studied for the treatment of obesity, or overweight in adults.
• February 2022: Pfizer Inc.'s study on oral diabetes medication called glucagon-like peptide-1 receptors showed that the medication could help control type 2 diabetes and contribute to weight loss as obesity is often tied to type 2 diabetes.
Reasons to Buy the Report:
• Forecasts from 2023 to 2032 detail current market trends and expected developments in the Anti-obesity drugs market.
• Insights into market dynamics, highlighting potential growth avenues in the upcoming years.
• Detailed market segmentation research that blends both qualitative and quantitative studies, taking into account the effects of economic and policy dynamics.
• Analysis at both regional and national levels, considering the demand and supply factors shaping the market's growth.
• A review of the competitive scene, showing market share held by leading players, novel tactics, and projects they've initiated over the past five years.
• Thorough profiles of major market participants, showcasing their product portfolios, essential financial data, SWOT evaluations, and the strategies they've adopted.
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