High Prevalence of Obesity and Launch of Obesity Management Certificate Programs to Augment Growth of Weight Loss and Obesity Management Market
High prevalence of obesity is expected to propel
growth of the global weight loss and obesity management market. For instance, the
study, ‘Rising incidence of obesity in Saudi residents. A threatening challenge
for the surgeons’, published in the International Journal of Health Sciences,
in January 2018, reported obesity in 42% of the study population with low physical
activity levels and unhealthy dietary habits. Moreover, launch of obesity
management certificate programs is also expected to aid in growth of the
market. For instance, in 2018, American Academy of PAs launched its Primary
Care Obesity Management Certificate Program with a live workshop during AAPA
Conference 2018 in New Orleans, U.S.
High prevalence of diabetes is expected to offer
lucrative growth opportunities for players in the global weight
loss and obesity management market. For instance, according to the study, “Global and regional diabetes
prevalence estimates for 2019 and projections for 2030 and 2045: Results from
the International Diabetes Federation Diabetes Atlas, 9th edition”, published
in the journal Diabetes Research and Clinical Practice, in September 2019, 463
million people are expected to suffer from diabetes in 2019 worldwide and the
number is expected to reach 578 million by 2030 and 700 million by 2045. Moreover,
emergence of Covid-19 is also expected to aid in growth of the market. For instance,
in January 2021, The American Academy of Pediatrics (AAP) offered guidance on
continuing obesity management during the current pandemic.
Competitive Analysis
Major
players operating in the global weight loss and obesity management market
include, Novo Nordisk A/S, Takeda Pharmaceutical Company Ltd, Eisai Co., Ltd.,
F. Hoffmann-La Roche Ltd, VIVUS Inc., Herbalife Ltd., Apollo Endosurgery
(U.S.), Amer Sports, Rhythm
Pharmaceuticals, Inc., Brunswick
Corporation, Cybex International, Duke Products & Services & Fitness
Center, Ethicon Inc., Equinox, Inc., Johnson & Johnson Services, Inc.,
Kellogg Company, Life Time Fitness Inc., Medtronic, and NutriSystem, Inc.
Major
players operating in the global weight loss and obesity management market are
focused on approval and launch of new products to expand their product
portfolio. For instance, in
November 2020, Rhythm Pharmaceuticals, Inc. received the U.S. Food & Drug
Administration approval for IMCIVREE (setmelanotide) for chronic weight
management in adult and pediatric patients 6 years of age and older with
obesity due to proopiomelanocortin, proprotein convertase subtilisin/kexin type
1 or leptin receptor deficiency.
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