Industry Background:
Weight loss therapy is a type of cognitive-behavioral therapy that emphasizes weight loss through lifestyle changes. The physical aspect of losing weight is affected by diet and exercise. The mental side of things is addressed in therapy. Being overweight increases the risk of not only medical/physical disorders, but also mental health issues. People who are overweight are more likely to suffer from low self-esteem, anxiety, and depression. Obesity clearly has a negative impact on a person's life, and finding a non-traditional strategy to weight loss may be the key to success. Weight loss therapy may not be able to help people lose weight on its own, but it can help them get more out of diet and exercise.This growth is primarily driven by Increased Awareness Regarding Fitness and Personal Health
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diseases & Therapeutic Areas sector in the
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 Herbalife (United States), Medifast (United States), Lululemon Athletica (Canada), Arena Pharmaceuticals (Switzerland), Novartis (Switzerland), Life Time Fitness (United States), Vivus (United States), Sanofi (France), Biocon Ltd (India) and Novo Nordisk (Denmark), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In June 2021 Novo Nordisk released a statement stating that its New Product Wegovy received FDA Approval. Wegovy injectable 2.4 mg is the first and only once-weekly prescription weight-loss drug. Adults with obesity (BMI 30) or overweight (overweight) (BMI 27) who also have weight-related medical concerns can use Wegovy in conjunction with a reduced-calorie diet plan and increased physical exercise to help them lose weight and keep it off.The demand for Weight Loss Therapy is increasing as People are realising the diseases aligned with Weight Gain. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. Leading Companies are differentiating their services from competition to maintain their market position.
Influencing Trend:
New Diet Trends for Weight Loss Therapy Include Plant-Based Flexitarian Diet, Ketogenic Diet, Mediterranean Diet
Market Growth Drivers:
Increased Awareness Regarding Fitness and Personal Health and Rise in Number of Diabetic Patients across the World
Challenges:
High Cost of Weight Loss Therapy and Diets and The Effectiveness of Currently Available Medicines is Limited
Restraints:
Excess Usage of Weight Loss Pills can have Serious Side Effects
Opportunities:
Unhealthy Lifestyle Such as Eating Junk Food, irregular Sleeping Pattern
AMA Research follows 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 mainly 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 showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Weight Loss Therapeutics Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Weight Loss Therapeutics Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Weight Loss Therapeutics players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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, Weight Loss Therapeutics Study Sheds Light on
The Weight Loss Therapeutics Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Weight Loss Therapeutics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Weight Loss Therapeutics industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.