Addressing the potential impact of coronavirus disease (COVID-19) on Obesity Management 10-Year Market Forecast and Trends Analysis Research Report -…


Posted: May 18, 2020 at 9:45 pm

The recently published market study by MRRSE highlights the current trends that are expected to influence the dynamics of the Obesity Management market in the upcoming years. The report introspects the supply chain, cost structure, and recent developments pertaining to the Obesity Management market in the report and the impact of the COVID-19 on these facets of the market. Further, the micro and macro-economic factors that are likely to impact the growth of the Obesity Management market are thoroughly studied in the presented market study.

According to the report, the Obesity Management market is expected to grow at a CAGR of ~XX% during the forecast period, 20XX-20XX and attain a value of ~US$ XX by the end of 20XX. The report is a valuable source of information for investors, stakeholders, established and current market players who are vying to improve their footprint in the current Obesity Management market landscape amidst the global pandemic.

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Critical Data in the Obesity Management Market Report

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Regional Assessment

The regional assessment chapter in the report offers an out and out understanding of the potential growth of the Obesity Management market across various geographies such as:

Application Assessment

The presented study ponders over the numerous applications of the Obesity Management and offers a fair assessment of the supply-demand ratio of each application including:

Increasing life expectancy and worsening lifestyle to blame for obesity

Lifestyle diseases such as diabetes and other chronic ailments are the main cause of obesity around the world. Improved healthcare and medical facilities have led to an increase in the life expectancy of people, which is the primary reason for the large geriatric population seen in the developed world. Geriatric people are far more prone to conceal sarcopenia i.e. a noticeable rise in body fat with simultaneous loss of muscle mass and functional capability. This makes them the main segment of the global obesity management market in both the short and the long term.

Side effects and safety issues a big concern in the obesity management market

Even though the number of obesity drug users are rising every day on account of their enormous benefits, a few studies have demonstrated adverse side effects when these drugs are taken in the long term. The same study also shows diabetes, high cholesterol, heart disease, high blood pressure, sleep apnea, asthma, cancer, depression and strokes to be linked to obesity drugs. These somewhat conflicting findings on the obesity management market have left both medical professionals and patients confused about the purported benefits and they have become quite wary of the potential side effects. These legitimate safety concerns could easily impede the growth of the global obesity management market.

The obesity management market should grow as obesity is too big a condition to ignore

The prevalence of obesity has nearly doubled in the years since 1980. In 2014, more than half a billion people were obese and almost 2 billion adults were overweight i.e. 13% of the global population is obese and 39% are overweight. Nearly 3 million people die every year as a result of being overweight or obese. Obesity accounts for approximately half of Type 2 diabetes cases across the globe. Obesity is the fifth leading factor responsible for death and this affects not only developed nations, but also developing countries. In the U.S, the obese population was roughly 40% and the overweight population was nearly 70% of the entire population in 2014. All these factors should spur the growth of the global obesity management market during the course of the forecast period.

Bupropion and Naltrexone drug type segment anticipated to witness the highest CAGR

While Orlistat dominates the global obesity management market by drug type at present with an estimated market value of more than US$ 200 Mn in 2017, it is poised to record the lowest CAGR of only 1.5% during the decade 2017-2027. On the other hand, Bupropion and Naltrexone is predicted to grow at a massive 8.3% CAGR for the decade, pushing it to a market value of nearly US$ 109 Mn by 2027, as opposed to just under US$ 46 Mn in 2016. An absolute dollar opportunity of roughly US$ 3.6 Mn can be reasonably expected in the Bupropion and Naltrexone segment of the global obesity management market in 2018 over the previous year.

North America alone is expected to account for 1/3rd of the global obesity management market

North America is forecast to account for more than 1/3rd revenue share of the global obesity management market by 2017 and it should gain a substantial 224 BPS by the year 2027. The Bupropion and Naltrexone drug segment in the North America obesity management market is estimated to be worth around US$ 13.6 Mn in 2017 and this is assumed to rise to slightly under US$ 32 Mn by 2027, as a result of a high CAGR of 8.9%. As with the global obesity management market, the CAGR in the North America obesity management market is highest in the Bupropion and Naltrexone segment, making it highly attractive to key stakeholders.

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The report resolves the following doubts related to the Obesity Management market:

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Addressing the potential impact of coronavirus disease (COVID-19) on Obesity Management 10-Year Market Forecast and Trends Analysis Research Report -...

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