About Weight Reduction Medicine
Weight reduction medicines are pharmacological drugs which are used to reduce the weight. These drugs alters the fundamental process of human body either by altering appetite or by reducing absorption of calories. Since these drugs provide benefit of losing weight they might impact on health. Hence the medical authorities have straighten rules on companies of it. Growing research and development and consciousness regarding health would help to grow weight reduction medicines in the long-standing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Weight Reduction Medicine is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that China Vendors will contribute the maximum growth to Global Weight Reduction Medicine market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lunan Pharmaceutical Group Corporation (China), Zein Pharmaceutical (China), China Zhongshan Pharm (China), Roche (Switzerland), Teva (Israel), National Company for Pharmaceutical Industry (Syria), Novo Nordisk (Denmark) and Eli Iilly (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Herbalife Nutrional Limited (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Weight Reduction Medicine market by Type (Diet Pills and Others), Application (Weight-Reducing Aid and Other) and Region.
On the basis of geography, the market of Weight Reduction Medicine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Multi-level marketing will boost the Weight Reduction Medicine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Weight Reduction Medicine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness for Weight Management
Market Growth Drivers:
All-inclusive Approach to Health and Increasing Health Consciousness
Challenges:
Misleading claims about possible outcomes and benefits
Restraints:
Side-Effects of Synthetic Supplement on Health
Opportunities:
Increasing Customer Interest in Health and Wellness
Market Leaders and their expansionary development strategies
In July 2023, Eli Lilly acquired Versanis, a privately held obesity drug maker, for up to USD 1.93 billion to expand its weight loss treatment portfolio.
In November 2023, Novo Nordisk pushing ahead with the launched weight-loss drug Wegovy in Europe and Japan, even as it struggles to keep up with the demand. The Danish drugmaker is working to convince European governments and insurers to reimburse the drug, seeking to a position it as more than a lifestyle drug.
Key Target Audience
Hospitals, Healthcare Institute, Research Institute, Government bodies, Business research and consulting firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.