Obesity Treatment Market Synopsis
According to research conducted by Market Research Future Reports (MRFR), the global Obesity Treatment Market size is estimated to grow at a CAGR of 16.7% during the forecast period. The market size of obesity treatment depends on several factors. The most substantial factor responsible for driving the global obesity treatment market 2020 is the increasing awareness regarding health and fitness amongst people. Further, the availability of sophisticated technology and higher disposable income in urban areas, more significant investment grants directed at research and development, and a more refined regulatory mechanism targeted towards speedy approval of innovations are all essential variables in painting a definitive picture of the market size.
Needless to say, the market for obesity treatment is rapidly gaining momentum – especially in developing countries. This growth is backed by well-planned expansion strategies and concepts that are being developed by some of the most prominent players in the health and pharmaceutical industry. Moreover, research suggests that a hike in obesity, and social acceptance and increasing demand for minimally invasive, bariatric surgeries are expected to boost the market growth further. However, it must be noted that factors such as the high cost of surgery followed by risks like infection and anesthesia allergy might be obtrusive to the growth during the forecast period. An additional factor to consider is the low priority given to healthcare expenditure in middle-to-low income homes in most of the developing countries.
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Obesity Treatment Market Segmentation
The global obesity treatment market can be classified on the grounds of diagnosis, type, treatment, end-user, and region.
On the basis of diagnosis, the global obesity treatment market can be classified into blood tests, physical examination, and others.
On the basis of type, the global obesity treatment market can be classified into inactivity obesity, food obesity, anxiety obesity, venous obesity, atherogenic obesity, and gluten obesity.
On the basis of treatment, the global obesity treatment market can be classified into medication, surgery, lifestyle changes, and others.
On the basis of end-user, the global obesity treatment market can be classified into hospitals, clinics, pharmacies, and others
On the basis of region, the global obesity treatment market can be classified into the Americas, Europe, Asia-Pacific, and the MEA.
Obesity Treatment Market Regional Analysis
With steady investment flows, greater awareness, and funding of various research projects, the Americas – including the U.S. and Canada — is slated to take the lead of the global market during the forecast period. This is followed by Europe, standing second in the global obesity treatment market. The availability of research funding and increasing obesity among the population is estimated to drive the market in this region. In the Asia Pacific, the idea of medical treatment for obesity could gain some traction, given the rising disposable income and growing healthcare sector here. It is estimated that the Asia Pacific is one of the fastest-growing regions providing great potential for market growth. Conversely, the Middle East and Africa hold the smallest share in this market, which can be attributed to weak economies, and corrupt regulatory mechanisms at a state level, along with the strict government policies. The majority of the MEA market is estimated to be acquired by the Middle East region.
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Obesity Treatment Market Key Players
The eminent players of the global obesity treatment market are Arena Pharmaceuticals, Inc. (U.S.), VIVUS, Inc. (U.S.), F. Hoffmann-La Roche, Ltd. (Switzerland), Orexigen Therapeutics, Inc. (U.S.), Novo Nordisk A/S (Denmark), Allergan (Republic of Ireland), EnteroMedics, Inc. (U.S.), Cousin Biotech (France), Johnson & Johnson Services, Inc. (U.S.), USGI Medical, Inc. (U.S.), Medtronic (U.S.), Mediflex Surgical Products (U.S.), Olympus Corporation (Japan), Covidien plc (Republic of Ireland), and others.
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