Anti-Obesity Prescription Drugs Market
is expected to witness a staggering CAGR in the forecast period. Anti-obesity
drugs are pharmacological agents that are used to drop cholesterol level and
condense the body weight. These drugs are normally well-known for their action
that can alter the important functioning of the normal body by utilizing the
calories or by changing the appetite.
The growth of anti-obesity prescription drugs market is
tremendously influenced because of the food consumptions and eating patterns of
the masses has endured groundbreaking variations over the past decade. The
liking of the youth for junk food has regulated in a higher incidence of
obesity, which is increasing the demand for anti-obesity prescription drugs.
There is a usage of cholesterol-rich products in the food items that are
prepared in the restaurants, and this cooking method is now shifting to houses.
This is playing a devious role in the progress of the anti-obesity prescription
drug market in the existing development.
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In addition to this, there is an upsurge in the level of
chronic stress and rise in the consumption of alcoholic beverages will be
continued by the consumers and this will expand the demand for anti-obesity
prescription drugs. Also, there have been growing incidences of depression;
which is leading to more intake of the psychotropic drugs and the side effects
of these drugs leads to obesity. Looking at the ultramodern aspect, the
existing as well new investors have started investing in this market, which will
appeal the manufacturers and this will eventually lead to more effective
anti-obesity prescription drugs. These are some of the major dynamics that will
help the anti-obesity prescription drug market to experience massive growth
during the forecast period.
The market is segmented on the basis of drug class
(Bupropion and Naltrexone, Orlistat, Lorcaserin, Phentermine and Topiramate,
Liraglutide); by age group (pediatric, adult); by end user (e-commerce, retail
pharmacies, and hospital pharmacies) and by geography (North America, Europe,
Latin America, Middle East & Africa, and Asia Pacific).
Geographically, North America is surging and holds the
largest market share as the demand for weight loss/control drugs is increasing
in this region is predicted to register an extensive growth rate during the
estimated time span. Followed by this, Europe is anticipated to experience
substantial growth prospects in the forthcoming years. Along with this, Asia
Pacific is expected to foresee decent growth during the forecast period. In the
near future, the market will continue to come up with some extraordinary
product innovations to attract new consumers and investors, for them to
continue the domination.
Some of the significant key players outlined in the
anti-obesity prescription drugs market report are GlaxoSmithKline, VIVUS, Inc,
F Hoffmann La Roche Ltd., Arena Pharmaceuticals, Inc., Alizyme, Orexigen
Therapeutics, Inc., Boehringer Ingelheim and Novo Nordisk A/S. All the leading
companies are including mergers and acquisitions, partnerships and joint
ventures to enhance the growth of the market efficiently.
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