Industry Background:
Orlistat is defined as the drug which is designed to treat obesity. It is mainly used to aid in weight loss. It is mainly used for adults patients who suffering from overweight or obese. According to an article published by the WHO (World Health Organization), in 2016, near 1.9 billion adults who were 18 years and above were overweight. Of these, over 650 million were obese globally. Hence, the increasing number of overweight patient and raising awareness related to health problem are some of the major factors which affect the growth of the market in the future.This growth is primarily driven by Increasing Aging Population and Chronic Nature of Disease, Increasing Prevalence of Obesity and Adoption of Sedentary Lifestyle and Rising Consumption of Fast Foods Coupled with the Lack of Exercise.
Globally, a noticeable market trend is evident Type 2 diabetes, as well as Dual therapy for obesity, is one of the latest trends in the market. For instance, Companies such as AstraZeneca, J&J, and Sanofi, are also adopting the low-risk strategy of using diabetes drugs in order to treat the obesity-related problem. The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as F. Hoffmann-La Roche AG (Switzerland), GlaxoSmithKline plc (United Kingdom), Teva Pharmaceutical Industries Ltd. (Israel), Sandoz International GmbH (Germany), STADA-VN J.V.Co., Ltd (Vietnam), Hexal AG (Germany), National Company for Pharmaceutical Industry (Oman), Lunan Pharmaceutical Group Co., Ltd. (China), ZEIN pharmaceutical (China) and Zhejiang Hisun Pharmaceutical Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In May 2018, the Food Safety and Standards Authority of India has launched SNF (safe and nutritious food) Workplace initiative in order to stem obesity, non-communicable diseases. Hence, it will affect the growth of the market in the future.
Market Drivers
- Increasing Aging Population and Chronic Nature of Disease
- Increasing Prevalence of Obesity and Adoption of Sedentary Lifestyle
- Rising Consumption of Fast Foods Coupled with the Lack of Exercise
Market Trend
- Type 2 diabetes, as well as Dual therapy for obesity, is one of the latest trends in the market. For instance, Companies such as AstraZeneca, J&J, and Sanofi, are also adopting the low-risk strategy of using diabetes drugs in order to treat the obesity-related problem
Restraints
- Problem related to Side Effects of the Drugs and Limited Availability of Combination Therapy
Opportunities
Introduction of Novel Anti-Obesity Drugs as well as Untapped Opportunities in Emerging Nations such as China, India, Philippines, and others
Challenges
The issue regarding Some High Prices of Orlistat Drugs is affectation a Challenge for the Market in Future
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Orlistat Study Sheds Light on
The Orlistat Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Orlistat industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Orlistat industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.