The market for anti-obesity drugs market was estimated to be worth USD 4.51 billion in 2023 and is expected to increase at a compound annual growth rate (CAGR) of 25.5% from 2024 to 2034, reaching USD 54.86 billion. Effective obesity management strategies that aim to improve patient outcomes by combining safe and effective medicine with lifestyle changes must include the use of anti-obesity medications.
Because they provide more treatment options than lifestyle counseling and surgical procedures, anti-obesity medications are essential in the management of obesity, one of the most urgent public health concerns. The pharmaceutical treatment of obesity has advanced significantly, and a variety of drugs are now available to help people control their weight.
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GROWTH DRIVERS
The growing global prevalence of obesity has a significant impact on the market for anti-obesity medications. In 2022, 1 in 8 persons worldwide suffered from obesity, according to the World Health Organization. 43% of individuals over the age of 18 were overweight, while over 160 million children and adolescents aged 5 to 19 were overweight. The necessity for efficient weight-management strategies, such as medication interventions, is highlighted by this concerning trend.
The public is becoming more aware of the health hazards associated with obesity, including diabetes, heart disease, and several types of cancer. People are now more inclined to seek medical help for weight control as a result of the increased knowledge.
MARKET SEGMENTATION:
By Type -
· Prescription Drugs
· Over the Counter (OTC) Drugs
By Route of Administration -
· Oral Route
· Subcutaneous Route
By Action Pathway -
· Peripherally Acting
· Centrally Acting
By Distribution Channel -
· Hospital Pharmacy
· Retail Pharmacy
· Online Pharmacy
By Region -
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
Key Players:
· Currax Pharmaceuticals LLC
· Novo Nordisk A/S
· Gelesis Holdings, INC.
· CHEPLAPHARM Arzneimittel GmbH
· Boehringer Ingelheim International GmbH
· Vivus LLC.
· Rhythm Pharmaceuticals
· GlaxoSmit
· Pfizer Inc.
· KVK Tech Inc.
· Other Key & Niche Players
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