Vijay Kundekar (16)

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Weight Loss and Obesity Management Market to
Expand at a Steady CAGR of 5.2 during 2018-2028
FMI

• March 2020

Report Id REP-GB-411 Published On
27-Feb-2019 Category Healthcare,
Pharmaceuticals Medical Devices
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)

• Identifying key opinion leaders
• Questionnaire design
• In-depth interviews
• Coverage across value chain

• Key industry experts
• Channel study
• Developments
• Market dynamics
• Products
• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
Secondary Research
Paid Publications

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• Company websites
• Company annual reports
• White papers
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includes sources of databases
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Weight Loss and Obesity Management Market Analysis
The growth of weight loss and obesity management
market is attributed to the rising epidemic of
obesity across the globe. According to the latest
research by Future Market Insights (FMI), the
global weight loss and obesity management market
is anticipated to reach a valuation of over US
4.9 Bn, by the end of 2028. The weight loss and
obesity management market is expected to expand
at a steady CAGR of 5.2, over the forecast
period of 2018-2028. Developing Regions More
Prone to Obesity Other Comorbidities Increasing
number of cases of obesity and related
comorbidities will lead to the growing adoption
of drugs and devices for weight loss and obesity
management, which will further fuel the growth of
the global weight loss and obesity management
market during the forecast period.
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Weight Loss and Obesity Management Market Analysis
The weight loss and obesity management market is
majorly driven by the rising prevalence of
obesity. The rising epidemic of obesity presents
a major challenge to disease prevention across
the globe. It is estimated that by 2030, 38 of
the worlds adult population will be overweight
and around 20 will be obese. This obesity
epidemic is more prevalent in the Middle East and
the Asia Pacific regions where food import is
quite high. Weight loss and obesity management
are helpful in the treatment of highly critical
obesity and comorbidities associated with it,
such as diabetes, asthma, sleep apnea, and
hypertension, etc.
Increasing health consciousness is also cited as
an important factor boosting the revenue growth
of the global weight loss and obesity management
market. Sizeable consumer population in developed
regional markets will particularly continue to
generate high demand for weight loss and obesity
management practices, according to the report.
Millennial and Generation-X consumers are
gradually adopting advanced aesthetic services,
including weight loss and obesity management,
thereby creating adequate opportunities for
manufacturers of weight loss and obesity
management drugs and devices.
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Weight Loss and Obesity Management Market Analysis
Key Vendors Targeting Extension of Product
Portfolio Leading companies operating in weight
loss and obesity management market are majorly
focusing on strengthening their product
portfolio. Product line extensions help companies
to launch newer products with unique features for
specific indications. This results in an
increased market share of companies in the highly
competitive weight loss and obesity management
market. In response to increasing demand from
various healthcare professionals to effectively
treat obesity with minimum long-term side
effects, manufacturers are focusing on developing
innovative and specific products. Product
innovation is expected to boost revenue and
volume growth of the weight loss and obesity
management market during the forecast period. For
instance, an additional FDA patents approval for
VIVUS, Inc.s Qsymia, for the covering
compositions of Qsymia and covering methods for
effecting weight loss using Qsymia (phentermine
and topiramate).
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Weight Loss and Obesity Management Market Analysis
However, the high cost involved in research and
development of obesity drugs is a great challenge
for the growth of the weight loss and obesity
management market. Additionally, long gestation
time required for research and developmental
activities as well as the need for a number of
essential clinical trials to test drugs adds up
to significant expenditure. The limitations posed
by high development cost of anti-obesity drugs
might hinder the growth of the global weight loss
and obesity management market. Moreover, the high
cost of surgical procedures, such as gastric
bypass surgery, adjustable gastric banding,
gastric sleeve surgery and gastric balloon
treatment, may also affect the growth of the
global weight loss and obesity management market
adversely. The global weight loss and obesity
management market is estimated based on product
type, and distribution sales. Based on product
type, the weight loss and obesity management
market has been segmented into drugs and
devices. Drugs product type segment is further
segmented into GLP-1 receptor agonists, lipase
inhibitors, serotonin receptor agonist, a
combination drug, and others. Devices product
type segment is further segmented into
liposuction devices, bariatric stapling devices,
gastric band, gastric balloon systems, gastric
emptying systems, and gastric electrical
stimulation systems.
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Weight Loss and Obesity Management Market Analysis

• Devices segment is expected to hold maximum
  market share in the global weight loss and
  obesity management market. Based on distribution
  sales, the weight loss and obesity management
  market has been segmented into institutional
  sales and retail sales. In terms of revenue,
  institutional sales dominated the global weight
  loss and obesity management market in 2017.
• Source Link https//www.globenewswire.com/news-re
  lease/2019/03/05/1748080/0/en/Weight-Loss-and-Obes
  ity-Management-Market-to-Grow-at-CAGR-of-5-2-throu
  gh-2028-Future-Market-Insights.html
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Weight Loss and Obesity Management Market Analysis
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