USD 8.8 billion
Obesity Treatment Market Size, Share, Growth Analysis, By Type(Appetite suppressants and Satiety drugs), By End-User(Hospitals and Specialized Clinics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2358 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
59
|Figures:
75
Obesity Treatment Market Insights
Obesity Treatment Market size was valued at USD 9.09 billion in 2022 and is poised to grow from USD 9.39 billion in 2023 to USD 12.17 billion by 2031, at a CAGR of 3.3% during the forecast period (2024-2031).
The global obesity treatment market is a rapidly growing sector of the healthcare industry that focuses on addressing the rising prevalence of obesity and its associated health risks worldwide. Obesity is a chronic medical condition characterized by excessive body fat accumulation, which can lead to various health complications such as diabetes, cardiovascular diseases, and certain types of cancer. In recent years, there has been a significant increase in the global prevalence of obesity, driven by factors such as sedentary lifestyles, unhealthy eating habits, genetic predisposition, and environmental influences. This growing epidemic has created a pressing need for effective treatments and interventions to combat obesity and improve overall public health. Pharmaceutical drugs play a crucial role in obesity treatment, with several medications approved by regulatory authorities to assist in weight loss and management. These medications work by suppressing appetite, reducing nutrient absorption, or increasing energy expenditure. Surgical procedures such as bariatric surgery are another approach to obesity treatment, involving the alteration of the digestive system to promote weight loss. Medical devices, such as gastric balloons and electrical stimulation devices, are also utilized in the treatment of obesity. These devices aid in portion control, calorie restriction, and behavior modification to support weight loss efforts. Additionally, lifestyle interventions, including dietary modifications, exercise programs, and counseling services, are essential components of obesity treatment to promote long-term behavior change and sustainable weight management. The global obesity treatment market is driven by increasing awareness of the health risks associated with obesity and the need for effective interventions. Overall, the global market is a dynamic and evolving sector that plays a vital role in addressing the obesity epidemic and improving the health and well-being of individuals worldwide. With the rising demand for effective and comprehensive obesity treatment solutions, there are significant opportunities for innovation, investment, and collaboration among healthcare professionals, pharmaceutical companies, and other stakeholders to develop and deliver impactful interventions.
US Obesity Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Hospitals
Growth Rate
3.3% CAGR
Global Obesity Treatment Market ($ Bn)
Country Share for North America Region (%)
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Obesity Treatment Market Segmental Analysis
The global Obesity Treatment market is segmented on the basis of type, end-user, and region. By type, the market is segmented into Appetite suppressants and Satiety drugs. By end-user, the market is segmented into hospitals and specialized clinics. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Obesity Treatment Market Analysis By type
The global Obesity Treatments market can be segmented based on drug types, including Appetite suppressants and Satiety drugs. The dominant segment in the global Obesity Treatments market is currently the appetite suppressants segment. Appetite suppressants have been available in the market for a longer period and have gained wider acceptance among healthcare professionals and patients. They have a well-established market presence, with several medications approved by regulatory authorities for obesity treatment. Appetite suppressants have demonstrated effectiveness in promoting weight loss and managing obesity-related comorbidities. Many of these medications have undergone rigorous clinical trials and are supported by scientific evidence of their efficacy and safety profiles. Appetite suppressants are often preferred by individuals seeking obesity treatment as they directly address the primary concern of excessive hunger and food cravings. The desire for a more immediate and noticeable reduction in appetite drives the demand for appetite suppressants. Many appetite suppressants are available only through prescription, requiring medical supervision and monitoring. This prescription-based approach ensures that patients receive appropriate guidance and oversight, contributing to the dominance of this segment.
The fastest-growing segment in the global Obesity Treatments market is the Satiety drugs segment. The development of novel satiety drugs and innovative treatment approaches has sparked significant interest and investment in this segment. Researchers are exploring various mechanisms to enhance satiety signals and develop effective medications with fewer side effects. Satiety drugs offer the potential for targeted therapies based on an individual's physiological and genetic characteristics. Advancements in personalized medicine and precision therapies contribute to the growth of this segment, as they align with the demand for tailored treatment options. Satiety drugs complement the emphasis on long-term behavior change in obesity treatment. By influencing feelings of fullness and satiety, these medications can support patients in adopting healthier eating habits and portion control, promoting sustainable weight management. The understanding of the gut-brain axis and its role in appetite regulation has opened new avenues for developing satiety drugs. Ongoing research and advancements in this field have fueled the growth of this segment by providing insights into novel therapeutic targets.
Obesity Treatment Market Analysis By End-User
The global Obesity Treatments market can also be segmented based on the type of end-user, including Hospitals and Specialized clinics. The dominant segment in the global Obesity Treatments market is hospitals. Hospitals have traditionally been the primary settings for providing obesity treatment and management. They offer comprehensive healthcare services, including surgical procedures, medical interventions, and multidisciplinary care for patients with obesity. Hospitals have the infrastructure, resources, and expertise to handle complex cases and provide integrated care to individuals seeking obesity treatment. They often have dedicated bariatric surgery departments and specialized obesity clinics within their facilities. Hospitals also tend to attract a wide patient base due to their reputation and accessibility. With their established presence and comprehensive approach to obesity treatment, hospitals currently dominate the market.
Specialized clinics is the fastest-growing segment in the global obesity treatment market. These clinics are focused exclusively on providing obesity-related services, including diagnosis, treatment, and long-term management. Specialized clinics are often equipped with specialized healthcare professionals, such as bariatric surgeons, endocrinologists, dietitians, and psychologists, who have expertise in dealing with obesity and its associated complications. These clinics offer personalized care and tailored treatment plans, combining medical interventions, lifestyle modifications, behavioral counseling, and support services. Specialized clinics cater specifically to the needs of individuals with obesity, providing a more targeted and specialized approach compared to general hospitals. The growing demand for specialized, patient-centric care, along with the rising prevalence of obesity and the need for comprehensive treatment options, is driving the rapid growth of specialized clinics in the obesity treatment market.
Global Obesity Treatment Market By End-User
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Obesity Treatment Market Regional Insights
North America dominated the global obesity treatment market. This can be attributed to several factors, including the high prevalence of obesity in the region, increased healthcare expenditure, advanced healthcare infrastructure, and favorable reimbursement policies. The United States has a significant share in the market due to the high obesity rates and a well-established healthcare system. In North America, there is a strong focus on research and development activities, leading to the introduction of innovative obesity treatment solutions. Pharmaceutical companies and medical device manufacturers in the region are actively engaged in developing novel drugs, surgical procedures, and advanced technologies to address obesity effectively. Additionally, the region benefits from a supportive regulatory environment that expedites the approval process for obesity treatment products.
Asia Pacific is the fastest growing region in the global obesity treatment market. The region is experiencing a rapid increase in obesity rates, primarily due to changing dietary habits, sedentary lifestyles, and urbanization. As a result, there is a growing demand for effective obesity treatment options to address the associated health risks. Several factors contribute to the growth of the obesity treatment market in Asia Pacific. The rising disposable income and improving healthcare infrastructure in countries like China and India have increased access to healthcare services, including obesity treatment. Additionally, increasing healthcare expenditure, growing awareness about obesity-related health risks, and the adoption of Western lifestyles contribute to the demand for obesity treatment solutions in the region.
Global Obesity Treatment Market By Geography
- Largest
- Fastest
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Obesity Treatment Market Dynamics
Obesity Treatment Market Drivers
Increasing Prevalence of Obesity
- The rising global prevalence of obesity is a significant driver for the obesity treatment market. Factors such as sedentary lifestyles, unhealthy eating habits, and genetic predisposition have contributed to the growing obesity epidemic. The need for effective treatment options to address the health risks associated with obesity is driving the demand for obesity treatment solutions.
Growing Awareness of Health Risks
- There is an increasing awareness among individuals and healthcare professionals about the health risks associated with obesity. Obesity is linked to various chronic conditions such as diabetes, cardiovascular diseases, and certain types of cancer. This awareness has led to a greater emphasis on early intervention and effective treatment to mitigate these risks, driving the demand for obesity treatment options.
Obesity Treatment Market Restraints
Stringent Limited Insurance Coverage
- In some cases, insurance coverage for obesity treatment may be limited or nonexistent. Insurance providers may have strict criteria for coverage, requiring individuals to meet specific BMI thresholds or demonstrate the failure of previous weight loss attempts. The lack of comprehensive insurance coverage can hinder access to necessary treatments and impede the overall effectiveness of obesity management.
Safety Concerns and Side Effects
- Certain obesity treatment options, such as pharmaceutical drugs and surgical procedures, may carry safety concerns and potential side effects. These risks can deter individuals from seeking or continuing treatment, leading to lower patient compliance and reduced treatment efficacy. Safety considerations and thorough monitoring are critical to ensure the well-being of patients undergoing obesity treatment.
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Obesity Treatment Market Competitive Landscape
The competitive landscape of the global obesity treatment market is dynamic and highly competitive, with several key players vying for market share and striving to develop innovative solutions. The competitive landscape is characterized by collaborations, partnerships, and strategic acquisitions among key players to strengthen their product portfolios and expand their market presence. Companies are investing in research and development activities to bring forth new and improved treatment options. Furthermore, there is a growing emphasis on digital health technologies, with companies integrating mobile applications, wearables, and telemedicine into their offerings to enhance patient engagement and treatment outcomes. Regulatory approvals, patents, and intellectual property rights also play a crucial role in shaping the competitive landscape, as they provide companies with a competitive edge and exclusivity in the market. Additionally, marketing efforts, pricing strategies, and reimbursement policies influence market competition and adoption of obesity treatment solutions. Overall, the competitive landscape of the global obesity treatment market is characterized by intense competition, continuous innovation, strategic partnerships, and a focus on personalized and minimally invasive treatment approaches. With the growing demand for effective obesity treatments, companies are actively engaged in developing comprehensive and patient-centric solutions to address the global obesity epidemic.
Obesity Treatment Market Top Player’s Company Profiles
- Medtronic plc (Ireland)
- Allergan plc (Ireland)
- Pfizer Inc. (US)
- Eli Lilly and Company (US)
- AstraZeneca plc (UK)
- Nestlé S.A. (Switzerland)
- Merck & Co., Inc. (US)
- Sanofi S.A. (France)
- Abbott Laboratories (US)
- GlaxoSmithKline plc (UK)
- Orexigen Therapeutics, Inc. (US)
- Arena Pharmaceuticals, Inc. (US)
- Takeda Pharmaceutical Company Limited (Japan)
- Boehringer Ingelheim GmbH (Germany)
- Eisai Co., Ltd. (Japan)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Vivus, Inc. (US)
Obesity Treatment Market Recent Developments
- In February 2021, Pfizer. Since type 2 diabetes is frequently accompanied by obesity, research on the oral diabetes medication glucagon-like peptide-1 receptor suggests that the medication can help manage type 2 diabetes and aid in weight loss.
- In November 2021, Wegovy should be approved for sale in Europe, according to Novo Nordisk, which reports that the European regulator, the Committee for Medicinal Products for Human Use (CHMP), has formed a favorable judgement.
Obesity Treatment Key Market Trends
- Shift Focus on Personalized Medicine: The understanding that obesity is a complex condition influenced by various factors, including genetics and individual metabolism, has led to a shift towards personalized medicine. Advancements in genomic research and biomarker identification are enabling the development of tailored treatment approaches, including precision medication and targeted therapies, based on an individual's unique characteristics.
- Integration of Digital Health and Technology: The integration of digital health technologies, such as mobile applications, wearables, and telemedicine, is transforming the landscape of obesity treatment. These technologies allow for remote monitoring, real-time data collection, personalized coaching, and behavioral interventions. They enhance patient engagement, support self-management, and provide healthcare professionals with valuable insights for more effective treatment strategies.
Obesity Treatment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Obesity Treatment Market analysis, the market is witnessing rapid growth due to the increasing prevalence of obesity worldwide. Factors like sedentary lifestyles, unhealthy eating habits, genetics, and the environment contribute to the rising obesity epidemic. Pharmaceutical drugs are essential for weight loss and management, with several medications approved by regulatory authorities. Surgical procedures, such as bariatric surgery, alter the digestive system to promote weight loss. Medical devices like gastric balloons and electrical stimulation devices aid in portion control and behavior modification. Lifestyle interventions, including dietary modifications and exercise programs, are crucial for long-term weight management. Increasing awareness of obesity-related health risks and the need for effective interventions drives market growth. Advancements in medical technology and research contribute to the development of innovative treatment approaches. However, challenges like high treatment costs and limited insurance coverage hinder accessibility. The global market presents opportunities for innovation, investment, and collaboration. Stakeholders, including healthcare professionals and pharmaceutical companies, are working together to develop impactful interventions. By addressing the obesity epidemic, the market aims to improve the health and well-being of individuals worldwide. Efforts to enhance accessibility and affordability of treatment options are ongoing. Overall, the global market plays a vital role in combating obesity and its associated health complications.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.09 billion |
| Market size value in 2031 | USD 12.17 billion |
| Growth Rate | 3.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Obesity Treatment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Obesity Treatment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Obesity Treatment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Obesity Treatment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Obesity Treatment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Obesity Treatment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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