Obesity Management Market Estimated to Reach a Market Value of 6.2 Billion by 2022
Obesity Management Market Information, by Prescription (Weight-loss Medication (Orlistat (Xenical), Lorcaserin (Belviq)), by Surgery (Gastric Bypass Surgery, Biliopancreatic Diversion), by Lifestyle Changes (Dietary Changes) – Forecast to 2022
Pune, India – April 28, 2017 /MarketersMedia/ —
Market Highlights
Global Obesity Management Market is growing continuously and expected to grow at a CAGR of 8.2% from 2015 to 2022.
The Global Obesity Management Market has been evaluated as steadily growing market and it is expected that the market will continue to grow similarly in the near future. Obesity occurs due to energy imbalance between calories intake and calories expanded. Obesity affects health and can lead to various diseases like heart diseases, stroke, diabetes, hypertension etc. Changing lifestyle such as eating junk food or energy dense food that are high percentage of fat, low physical activity are the major factors that leads to obesity. The population of obese people has doubled since 1980. According to World Health Organization (WHO), in 2014, more than 1.9 billion adults, 18 years and older, were overweight. Out of these over 600 million were obese and about 39% of adults were underweight and out of these 13% were obese. Most of the countries of the World are facing the problem of obesity. Earlier high income countries were facing the problem of obesity and overweight but now problem of obesity is on rise in low and middle income countries. Obesity can be prevented by some dietary changes and exercise. Consumers are becoming more conscious about their health which is driving the growth for the obesity management market. Drugs manufacturers’ spending money in R&D to develop new drugs and supplements. Healthcare solution provider companies are also providing advance solutions for hospitals. Global Obesity Management Market was about US$ 4.17 billion in 2015 and is expected to reach US$ 6.2 billion by 2022 at a CAGR of 8.2%.
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Obesity Management Market Key Players:
There are plenty of large and small market players which operate in this market are Pfizer Inc.(US), Merck Sharp & Dohme Corp., a subsidiary of Merck & Co., Inc.(US), F. Hoffmann-La Roche Ltd (Switzerland), GlaxoSmithKline plc. (UK), AstraZeneca (UK), Herbalife Ltd. (U.S.), Apollo Endosurgery (U.S.), Ethicon, Inc. (U.S.)
Regional Analysis:
Depending on geographic region, Obesity Management Market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America comprise largest market share in global Obesity Management Market. Moreover the European market is also growing continuously. On the other hand, Asia-Pacific market is expected to grow at the significant rate in the Obesity Management Market segment during the forecasted period. Rest of the World is likely to have a limited but steady growth in the market.
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Market Segmentation:
Obesity Management Market has been segmented on the basis of Prescription weight-loss medication which comprise orlistat (Xenical), lorcaserin (Belviq), phentermine and topiramate (Qsymia), buproprion and naltrexone (Contrave), and liraglutide (Saxenda), and others. On the basis of Surgery it segmented into Gastric bypass surgery, Laparoscopic adjustable gastric banding (LAGB), Biliopancreatic diversion with duodenal switch, and others. On the basis of lifestyle changes, it is segmented into Dietary changes, Exercise, and others.
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