The global anorexics market, designed to combat rising obesity concerns, is on an upward trajectory, anticipated to hit a valuation of US$ 1 billion by 2022. The forecasted Compound Annual Growth Rate (CAGR) of 5.3% until 2032 underscores the escalating demand for solutions combating obesity-related issues.
The World Health Organization (WHO) estimates a staggering rise in obesity, with 39 million children under the age of five and approximately 600 million individuals affected by obesity in 2021. This alarming trend fuels the demand for anorexics, offering a potential solution in managing weight-related health concerns.
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“The projected growth of the anorexics market reflects the pressing need to address the global obesity crisis,” stated Future Market Insights. “As healthcare costs surge due to obesity-related ailments, there is a consequential surge in demand for anorexics, driving market expansion.”
The market’s value in 2022 is projected at US$ 1 billion, with a continuous upsurge anticipated over the forecast period. Factors attributing to this growth include heightened awareness, lifestyle changes, and the persistent endeavor to manage weight and associated health issues.
The burgeoning demand for anorexics underscores the pressing need for innovative and efficient solutions to address the expanding global health crisis. The market’s upward trajectory signifies a concerted effort to tackle obesity-related concerns and improve public health outcomes.
Anorexiants: Market Insights:
Anorexiants are used to treat obesity. Anorexiants suppress hunger by boosting a person’s basal metabolic rate. Anorexiants also boost cellular glucose uptake while lowering fat absorption from food.
According to the World Health Organisation, more than 1.9 billion people aged 18 and older were classified as overweight in 2016, with 650 million adults classified as obese. In addition, 41 million children under the age of five were found to be obese in 2016.
Anorexiants: Market Dynamics:
Because of their utility in the treatment of obesity, Anorexiants are expected to grow greatly in the market. Anorexiants can aid in weight loss by reducing calorie intake, particularly in patients with a BMI of 30 or higher.
The market is expected to grow because Anorexiants are used to treat obesity. Anorexics, on the other hand, are restricted in some ways. Anorexiants can have a number of unpleasant side effects, including sleepiness, elevated blood pressure, restlessness, drug dependence, and so on, which can have an effect on the Anorexiants market. Long-term use of Anorexiants also leads to drug addiction, which can lead to health concerns later in life.
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Anorexiants Market: Overview:
Because of the rising prevalence of obesity around the world, the Anorexiants industry is expected to produce significant income in the next years. Orlistat, lorcaserinER, liraglutide, naltrexone/bupropion ER, lorcaserin, and phentermine/topiramate ER are some of the Anorexiants used to treat obesity. Many drugs have been approved by the FDA for the treatment of obesity, therefore the market for Anorexiants is projected to grow in the coming years.
According to the Centres for Disease Control and Prevention, the obesity prevalence in the United States is expected to be 39.8%, affecting 93.3 million people. The global Anorexiants market will grow as the prevalence and incidence of weight gain and obesity rise.
Anorexiants Market: Region-wise Outlook:
Geographically, the global Anorexiants market is segmented into seven primary regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific except Japan, Japan, and the Middle East and Africa. Because of the rising prevalence of obesity and the rapid adoption of new medications, North America is expected to hold the highest proportion of the Anorexiants market.
Furthermore, the expansion of healthcare facilities and technological improvements have substantially aided the Anorexiants industry. Europe is predicted to make a considerable contribution to the Anorexiants market due to increased drug launches and easier drug approval, resulting in market growth.
Anorexiants Market: Key Players
Some of the key players present across the value chain of the global Anorexiants market are Akrimax Pharmaceuticals, LLC, Teva Pharmaceuticals, Janssen Ortho, LLC, Roche Pharmaceuticals, Arena Pharmaceuticals GmbH, Novo Nordisk A/S, Abbott Pharmaceuticals PR Ltd., Epic Pharma, LLC. Patheon Pharmaceuticals Inc. Catalent Pharma Solutions, LLC, Recordati Rare Diseases Inc., MOVA Pharmaceuticals.
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Key Segments Profiled in the Anorexiants Market Survey:
By Drug Class:
- Catecholaminesb
- Serotoninb
By Route of Administration:
- Oral
- Subcutaneous
By End User:
- Institutional sales
- Hospitals
- Clinics
- Retail sales
- Online pharmacies
- Mail Order Pharmacies
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