Press release
Weight loss therapeutics Market Size, Share, Industry, Forecast and Outlook (2024-2031) Viking Therapeutics, Pfizer Inc.
The surge in research activities within this domain is particularly boosting demand across North America. Key players such as F Hoffmann-la Roche Ltd, Altimmune, Viking Therapeutics, and others are intensifying the competitive landscape, further propelling the growth of the weight loss therapeutics market.
The weight loss therapeutics market encompasses a broad spectrum of products and services designed to aid individuals in managing their weight and achieving healthier lifestyles. This market segment has witnessed significant growth over the years, driven by increasing obesity rates worldwide and a growing awareness of the health risks associated with excess weight.
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Market Trends :
The escalating prevalence of chronic ailments, alongside a growing demand for point-of-care treatments, recent advancements in therapeutics, surging clinical trials, and the introduction of innovative products, are poised to drive the global expansion of the weight loss therapeutics market throughout the forecast period.
Viking Therapeutics is pioneering a new category of dual agonists targeting the glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide 1 (GLP-1) receptors, aiming to address various metabolic conditions such as obesity, NASH, and select rare disorders. Leading their portfolio is VK2735, currently undergoing primary clinical evaluation.
Market Segmentation :
By Approved Drug : Formulations Liraglutide, Buproprion and naltrexone, Lorcaserin, Phentermine and topiramate.
By Distribution Channels : Hospitals , Specialized Clinics, Retail Pharmacies.
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Geographical Share :
With the growing necessity for weight loss therapeutics within healthcare treatment protocols, manufacturers in North America stand poised to amplify their operations. The region hosts a multitude of producers and suppliers, benefiting from its rapid economic development, which has spurred industrial expansion and consequently boosted the demand for weight loss therapeutics.
Furthermore, escalating healthcare expenditures, heightened public awareness, advancements in treatment technologies, and the proliferation of biopharmaceutical establishments across the region are all significant contributors to the burgeoning market share of weight loss therapeutics in North America.
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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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