Press release
Rising Obesity Rates Fueling Surge in the Weight Loss Drugs Market: Key Factor Driving The Growth In The Weight Loss Drugs Market
Weight Loss Drugs
What Is the Expected Weight Loss Drugs Market Size During the Forecast Period?
The market size for weight loss medications has experienced a substantial expansion in the recent past. The value is projected to ascend from $2.87 billion in 2024 to $4.23 billion in 2025, indicating a compound annual growth rate (CAGR) of 47.6%. Factors such as a surge in obesity statistics, shifts in lifestyle, heightened awareness and education, earlier identification of health problems, and escalated healthcare spending can account for the historic period growth.
The market for weight loss medications is forecasted to experience significant expansion in the coming years. The prediction is a growth to $17.08 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 41.7%. The growth during this forecast period can be credited to factors such as the aging population, the impact of social media, fitness and health trends, societal beauty standards, and investments by the pharmaceutical industry. Key trends to be noted during this forecast period encompass technological progress, a shift towards over-the-counter solutions, tailored medicine, combination treatments, product innovation, and post-market monitoring.
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What Are the High-Growth Segments in the Weight Loss Drugs Market?
The weight loss drugs market covered in this report is segmented -
1) By Type: Liquid, Tablets, Capsules
2) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
3) By Application: Weight-Reducing Aid, Fat Absorption Inhibitors, Metabolic Boosters
Subsegments:
1) By Liquid: Syrups, Solutions, Suspensions
2) By Tablets: Immediate-Release Tablets, Extended-Release Tablets
3) By Capsules: Hard Capsules, Softgel Capsules
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What Key Drivers Are Expected to Influence Future Weight Loss Drugs Market Growth?
The escalating rates of obesity are anticipated to boost the expansion of the weight loss drugs market in the future. The term obesity rate defines the percentage of people in a society having a body mass index (BMI) of 30 or more. Weight loss drugs, employed in the treatment of obesity, facilitate individuals in weight reduction through curbing their hunger, amplifying sensations of satiety, or disrupting nutrient absorption. For example, in September 2023, as per the data from the Centers for Disease Control and Prevention, a US government agency, the prevalence of obesity among adults surpassed 35% in 19 states in 2021 and 22 states in 2022. Moreover, adult obesity prevalence equaled or was beyond 35% in 2022. Additionally, in March 2023, based on information from the World Obesity Federation, a UK-based non-profit organization, it's projected that over 4 billion individuals globally will be obese by 2035. Thus, this upward trend in obesity rates is propelling the growth of the weight loss drugs market.
Which Companies Hold the Largest Share Across Different Weight Loss Drugs Market Segments?
Major companies operating in the weight loss drugs market report are Pfizer Inc., Roche, Merck & Co., AbbVie Inc., Novartis AG, Bristol Myers Squibb, Sanofi S.A., AstraZeneca PLC, LG Chem, GlaxoSmithKline, Takeda Pharmaceutical Company, Eli Lilly and Company, Bayer AG, Amgen Inc., Boehringer Ingelheim group, Novo Nordisk A/S, Merck KGaA, Teva Pharmaceutical Industries Ltd., Hisun Pharmaceutical, Taj Pharmaceuticals Ltd., Zhongshan Pharmaceutical Co. Ltd., Dm Pharma, Lunan Pharmaceutical Group Corporation, Wolfson Berg Ltd., Swiss Research Labs Ltd.
What Trends Are Driving Growth in The Weight Loss Drugs Market?
Leading organizations in the weight loss medication market are introducing breakthrough products like Zepbound (tirzepatide) injection to provide improved treatment for patients. Zepbound is an injectable medicine that is administered once a week. It is a dual glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) receptor stimulator. As an illustration, in November 2023, the US-based pharmaceutical giant, Eli Lilly and Company, obtained the FDA's approval for the use of tirzepatide injection (Zepbound) in the long-term management of obesity or overweight in adults who have at least one weight-related health condition. Zepbound has the potential to be a commercially viable drug as it is the only FDA-approved obesity treatment that triggers both GIP and GLP-1 receptors.
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What Are the Emerging Geographies for The Weight Loss Drugs Market Growth?
North America was the largest region in the Weight Loss Drugs market in 2024. The regions covered in the weight loss drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Weight Loss Drugs Market?
2. What is the CAGR expected in the Weight Loss Drugs Market?
3. What Are the Key Innovations Transforming the Weight Loss Drugs Industry?
4. Which Region Is Leading the Weight Loss Drugs Market?
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