Press release
Weight loss therapeutics Market Size, Share, Industry, Forecast and outlook (2024-2031)
DataM Intelligence
Global Weight Loss Therapeutics Market Projected to Reach USD 14,978.1 Million by 2030, Forecasts New Report
The latest market research report on the global Weight Loss Therapeutics Market suggests a robust growth trajectory, foreseeing a significant expansion from USD 2,798.0 million in 2022 to a projected value of USD 14,978.1 million by 2030. The comprehensive study anticipates a Compound Annual Growth Rate (CAGR) of 24.3% during the forecast period from 2024 to 2031. This surge is attributed to escalating demand propelled by the increasing prevalence of chronic diseases and a surge in research and development activities.
The Weight Loss Therapeutics Market observes an escalating trend driven by shifting lifestyles and a growing inclination towards point-of-care treatments. Factors such as the burgeoning research activities particularly in North America, marked by the active participation of key competitors including F Hoffmann-la Roche Ltd, Altimmune, Viking Therapeutics, among others, further contribute to the market's growth momentum.
Scope of the Weight Loss Therapeutics Market
Metrics
CAGR: 24.3%
Size Available for Years: 2021-2030
Forecast Period: 2024-2031
Data Availability: Value (USD)
Segments Covered: Approved Drugs Formulations, Distribution Channel, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia-Pacific
Largest Region: North America
Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Approved Drugs Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.
To know more Insights Download Sample: https://www.datamintelligence.com/download-sample/weight-loss-therapeutics-market
Weight Loss Therapeutics Market Dynamics
The growth of the Weight Loss Therapeutics Market is propelled by the increasing number of clinical trials conducted by key industry players. Noteworthy developments such as the novel class of dual agonists introduced by Vikings Therapeutics for treating metabolic illnesses, alongside the surge in clinical trials and product launches, are expected to sustain market expansion.
Opportunities and Challenges
The changing food habits and lifestyle patterns present lucrative opportunities for manufacturers in the Weight Loss Therapeutics Market. However, the market also faces challenges such as limited drug efficiency and side effects, which could potentially impede its growth trajectory.
Geographical Penetration
North America emerged as a dominant market player in 2022, accounting for approximately 42.3% of the market share. The region's robust healthcare infrastructure and the presence of major industry players are pivotal factors driving market growth.
Leading Companies
Prominent players in the Weight Loss Therapeutics Market landscape include F Hoffmann-la Roche Ltd, Currax Pharmaceuticals LLC, Viking Therapeutics, Pfizer Inc., Eli Lilly and Company, Altimmune, VIVUS LLC, Rhythm Pharmaceuticals, Amgen Inc., and Zealand Pharma A/S, among others.
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Email: info@datamintelligence.com
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Website: https://www.datamintelligence.com
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DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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