High Prevalence of Obesity and Launch of Obesity Management Certificate Programs to Augment Growth of Weight Loss and Obesity Management Market

 

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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