Industry Background:
Global Weight Loss Drug consumption is expected to grow in the forecasted period owing to a rise in awareness among people about their health and wellbeing. Weight loss drugs refer to a pharmacological agent used to reduce or control weight. The prominent drivers include consumer’s increased weight and increase in disposable income. According to the report in 2018 around 30% of People in the world are Obese or Overweight.This growth is primarily driven by Rising Number of Diseases Due to Over Weight and Increasing Prevalence of Lifestyle Diseases.
Globally, a noticeable market trend is evident Rapidly Growing Child Obesity. Major Players, such as Abbott Laboratories (United States), Amylin Pharmaceuticals, Inc. (United States), AstraZeneca Plc (United Kingdom), F.Hoffmann-La Roche Ltd. (Switzerland), GlaxoSmithKline Plc (United Kingdom), VIVUS, Inc. (United States), Lunan Pharmaceutical Group Corporation (China), Teva (Iseral) and Novartis (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 18th June 2018, Jenny Craig, the global leader in the weight loss industry, has launched DNA testing into its complete weight loss strategies.
Regulatory Insights:
FDA approves weight loss drugs which suppress appetite by affecting one or more neurotransmitters in the brain which also control appetite and mood. Various appetite suppressants increase the secretion of dopamine, norepinepheine or serotonin or inhbit the reuptake of these neurotransmitters into the nerve cell.
Market Drivers
- Rising Number of Diseases Due to Over Weight
- Increasing Prevalence of Lifestyle Diseases
Market Trend
- Rapidly Growing Child Obesity
Restraints
- Rising Incidence of Side Effects
- Stringent Government Rules and Regulation
Challenges
Increasing Safety and Efficiency Requirement for Novel Drug
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, Weight Loss Drugs Study Sheds Light on
The Weight Loss Drugs Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Weight Loss Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Weight Loss Drugs 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.