Press release
Global Antiobesity Market 2024 - Industry Segments, Drivers, Trends, Forecast to 2033
Antiobesity Global Market
The Business Research Company's Antiobesity Global Market Report 2024 identifies rising geriatric population as the major driver for the Antiobesity market's growth in the forecast period. The geriatric population refers to the segment of the elderly or older, typically aged 65 and older. Anti-obesity drugs are a common and significant concern within the senior population. Elderly individuals with diabetes are particularly susceptible to obesity due to less body movement, reduced proper circulation of blood throughout the body.
The antiobesity market size has grown rapidly in recent years. It will grow from $3.38 billion in 2023 to $3.76 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to increasing obesity prevalence, awareness and education, lifestyle changes, government initiatives.
The antiobesity market size is expected to see rapid growth in the next few years. It will grow to $5.64 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to market expansion, globalization. Major trends in the forecast period include research and development, patient-centric approaches, insurance coverage, technological advancements, digital health and telemedicine, novel drug therapies, bariatric surgery advancements, otc (over-the-counter) solutions, behavioral interventions, nutritional and weight management apps.
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Major competitors in the Antiobesity market are F. Hoffmann-La Roche AG, GlaxoSmithKline PLC, Boehringer Ingelheim GmbH, Pfizer Inc., Merck & Co. Inc., Takeda Pharmaceutical Company Limited, Eisai Co. Ltd., Novo Nordisk A/S, Zafgen Inc., Rhythm Pharmaceuticals Inc.
A key trend in the Antiobesity market includes Product Innovations. Major companies operating in the anti-obesity drugs market are focusing on innovating new products, such as Mounjaro (tirzepatide), to provide reliable services to customers. Mounjaro (tirzepatide) is used as an anti-obesity drug for the treatment of adults with obesity or overweight with weight-related comorbidities.
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The Antiobesity market is segmented -
1) By Drug Class: Peripherally acting anti obesity drugs, Centrally acting anti obesity drugs
2) By Type: Prescription Drugs (Rx), OTC Drugs
3) By Medication: Monotherapies, Polytherapies
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Antiobesity market.
The Business Research Company's "Global Antiobesity Market Report 2024" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Antiobesity Market Include:
1. Executive Summary
2. Antiobesity Market Characteristics
3. Antiobesity Market Trends And Strategies
4. Antiobesity Market - Macro Economic Scenario
5. Global Antiobesity Market Size and Growth
……
31. Global Antiobesity Market Competitive Benchmarking
32. Global Antiobesity Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Antiobesity Market
34. Antiobesity Market Future Outlook and Potential Analysis
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