Press release
Key Trends Shaping the Future Antiobesity Market From 2025-2034: Product Innovations In The Anti-Obesity Drug Market
What Is the Estimated Market Size and Growth Rate for the Antiobesity Market?The market for antiobesity has experienced a swift expansion in the last few years. The market value is projected to rise from $3.74 billion in 2024 to $4.15 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. Factors such as rising prevalence of obesity, heightened awareness and education, lifestyle modifications, and government policies fueled the growth during the historical period.
Forecasted rapid expansion is on the horizon for the antiobesity market over the coming years. It's projected to reach a worth of $6.08 billion by 2029, experiencing a compound annual growth rate (CAGR) of 10.0%. Factors fueling this anticipated growth during the forecast period involve market broadening and globalization. Crucial trends expected to be seen during this period include continual research and development, a focus on patient-driven methods, insurance support, advancements in technology, integration of digital health and telemedicine, innovative drug treatments, progress in bariatric surgery, over-the-counter solutions, and the introduction of behavioral strategies, as well as nutritional apps for weight management.
What Are the Forces Behind the Rapid Growth of the Antiobesity Market?
There is a significant worldwide concern over obesity as a public health issue. The global prevalence of obesity is on a constant rise each year. For instance, the World Obesity Atlas, a UK-based organization committed to addressing obesity, provided estimates in May 2022 that more than 1 billion individuals globally will be affected by obesity by 2030. This is primarily due to the escalating consumption of unhealthy, processed foods, the decline in physical activity, and the unawareness about obesity's health risks. Consequently, it is expected that the need for anti-obesity drugs will rise, facilitating market growth.
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Who Are the Dominant Companies Influencing Antiobesity Market Trends?
Major companies operating in the antiobesity market include 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., Zydus Cadila, Norgine B.V., Vivus Inc., Arena Pharmaceuticals Inc., Orexigen Therapeutics Inc., Eli Lilly and Company, Amgen Inc., AstraZeneca PLC, Novartis International AG, Viking Therapeutics Inc., Structure Therapeutics Inc., Gelesis Inc., Sanofi S.A., Johnson & Johnson, F. Hoffmann-La Roche Ltd, Teva Pharmaceutical Industries Limited, Allergan Aesthetics, Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Cipla Ltd., Lupin Ltd., Torrent Pharmaceuticals Ltd., Cadila Healthcare Ltd., Intas Pharmaceuticals Ltd., Wockhardt Ltd., Glenmark Pharmaceuticals Ltd., Alkem Laboratories Ltd.
How Is the Antiobesity Market Evolving?
Key players in the anti-obesity drugs market are concentrating on product innovation to offer customers dependable solutions. This includes new products such as Mounjaro (tirzepatide), which serves as an anti-obesity drug for treating adults who are obese or overweight and have weight-related comorbidities. Eli Lilly and Company, an American pharmaceutical firm, for example, released Mounjaro (tirzepatide) in October 2022. This anti-obesity drug received fast track designation approval from the Food and Drug Administration (FDA), a federal agency in the United States. The injectable form of Mounjaro (tirzepatide) assists those battling obesity in attaining their weight loss objectives. It is prescribed for adults with type 2 diabetes and is used in conjunction with diet and exercise to regulate blood sugar levels.
What Are the Different Segmentations in the Antiobesity Market?
The antiobesity market covered in this report 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
Subsegments:
1) By Peripherally Acting Anti-Obesity Drugs: Orlistat, Lorcaserin
2) By Centrally Acting Anti-Obesity Drugs: Phentermine, Topiramate, Naltrexone-Bupropion Combination, Liraglutide
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Which Region Is at the Forefront of the Antiobesity Market?
North America was the largest region in the anti-obesity market in 2023. Middle East is expected to be the fastest-growing region in the antiobesity market. The regions covered in the antiobesity market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Antiobesity Global Market Report?
- Market Size Analysis: Analyze the Antiobesity Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Antiobesity Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Antiobesity Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Antiobesity Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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The global antiobesity market report by the business research company the demand for anti-obesity drugs is bound to increase in the future to be a major growth driver for the antiobesity market. Obesity is a major public health concern globally. Globally, the prevalence rate of obesity is…