About Obesity Treatment
Obesity is a complex disorder state of being excessive fat. Various causes of Obesity disorder such as overeating, genetics, physical inactivity, psychological factors, engineered junk foods, unhealthy diet, medical problems, social and economic issues, pregnancy, lack of sleep, among others. In the last few years, the overweight patient has significantly increased. For instance, according to an article published by Health Metrics and Evaluation, more than 30.0% of the global population is either obese or overweight in 2014. Hence, rising number of overweight patients, growing awareness of health and treatments, augmented spending on healthcare and demand for treatments, among others are some of the major factors which affect the growth of the market in future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 17.2% |
The obesity treatment market is highly fragmented in nature with a large number of international as well as regional players such as VIVUS, Inc. (United States), Arena Pharmaceuticals, Inc. (United States), F. Hoffmann-La Roche, Ltd. (Switzerland), among others are operating in the market Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Obesity Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
VIVUS, Inc. (United States), Arena Pharmaceuticals, Inc. (United States), F. Hoffmann-La Roche, Ltd. (Switzerland), Novo Nordisk A/S (Denmark), Orexigen Therapeutics, Inc. (United States), Allergan (Republic of Ireland), Cousin Biotech (France), EnteroMedics, Inc. (United States) and Johnson & Johnson Services, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Medtronic (United States), USGI Medical, Inc. (United States), Mediflex Surgical Products (United States), Covidien plc (Ireland) and Olympus Corporation (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Obesity Treatment market by , Application (Children and Adults) and Region.
On the basis of geography, the market of Obesity Treatment 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). North America region held largest market share in the year 2023. If we see Market by Drugs, the sub-segment i.e. Combination Drugs will boost the Obesity Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Treatment, the sub-segment i.e. Medication will boost the Obesity Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Hospitals will boost the Obesity Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Disposable Income, Improving Healthcare Infrastructure, and the Emerging Medical Tourism Industry across the World
Market Growth Drivers:
Rising Healthcare Expenditure, and Encouraging Government Support for Research and Development and Rising Awareness of Adverse Health Effects Related to Overweight Weight Problems
Challenges:
Major Concern Regarding the Low Healthcare Expenditure in the Middle and Low-Income Countries Such as Africa
Restraints:
Issue Related to High Cost of Surgery Followed by the Risks of Infection and Anesthesia Allergy
Opportunities:
Growing Demand from Emerging Economics Market Such as China, India, Brazil, among others
In July 2017, the Novo Nordisk A/S (Denmark) Company has launched the anti-obesity drug in India, which is used for the treatment of obesity patients. Hence, this launched will benefit increase the product portfolio of the company
Key Target Audience
Pharmaceutical Companies, Biotechnological Institutes, Government and Private Laboratories, Research and Development (R&D) Companies, Medical Research Laboratories and Market Research and Consulting Service Providers
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.