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Weight loss therapeutics Market Size,Growth, Share, Industry, Forecast and outlook (2024-2031)
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Market Dynamics
The rising incidence of chronic disorders, together with increasing demand for treatment at the point of care, recent developments in therapeutics, sruging clinical trials and novel product launch, are likely to fuel global weight loss therapeutics market size expansion throughout the course of the forecast period.The Vikings Therapeutics is creating a novel class of dual agonists for the glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide 1 (GLP-1) receptors in an effort to treat numerous metabolic illnesses, including obesity, NASH, and a few uncommon diseases. The medication candidate in its primary clinical study is VK2735. Data from a Phase 1 trial assessing VK2735 (subcutaneously dosed) for metabolic diseases were released in the first quarter of 2023, and they showed a promising safety and tolerability profile as well as encouraging signals of therapeutic efficacy.
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Segment Analysis
Based on distribution channel, the market is divided into hospital pharmacies, retail pharmacies and online pharmacies. Due to the rise in demand for infectious diseases and cardiovascular diseases, weight loss therapeutics is the most rapidly expanding industry. Due to the increasing rising number of chronic disorders associated with obesity, the hospital pharmacies segment held the greatest market share in the global weight loss therapeutics market. Diabetes and heart disease are both greatly accelerated by obesity. Key treatment objectives in the treatment of obesity and its comorbidities, particularly type 2 diabetes, are weight loss and maintenance. Unfortunately, some hormonal changes brought on by weight reduction can promote weight return and prevent continued weight loss. The elements of contraindications, side effects, and drug interactions must be kept in mind while choosing the appropriate anti-obesity medication for a particular patient.
Competitive Landscape
The major global players in the weight loss therapeutics market 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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