Market Scope
The global obesity management market is poised to inflate to a valuation of USD 9.34 billion by 2025. It can exhibit a CAGR of 8.4% over the forecast period.
The lifestyle of convenience, consumption of snacks, large number of obese individuals, and availability of obesity treatment methods are major drivers of the market. According to a study in 2016, out of 2 billion overweight individuals, close to 650 million were found to be obese. The risk of being diagnosed with cardiovascular disease and diabetes due to obesity can provide plenty of growth opportunities to the global obesity management market.
The global obesity management market report compiled by Market Research Future (MRFR) contains insights, hurdles, measures, and other dynamic factors for the period of 2019 to 2025 (forecast period). The COVID-19 pandemic and its effect on the market has been noted.
The COVID-19 pandemic has created a massive opportunity for the market owing to people adhering to sedentary lifestyle and ordering in foods. Obesity management can reduce the susceptibility ratio of patients attaining the virus and further the market growth.
Competitive Outlook
Hoffmann-La Roche Ltd, AstraZeneca, Merck Sharp & Dohme Corp., Apollo Endosurgery, GlaxoSmithKline plc., Herbalife Ltd., Pfizer Inc., and Ethicon, Inc. are notable players of the global obesity management market.
Regional Analysis
The Americas dominated the obesity management market owing to the increasing awareness among the masses, the increasing prevalence of obesity, surgical options, weight management medicines, and the growing adoption of advanced technology. According to the Centers for Disease Control and Prevention (CDC), obesity is a major concern in the region and approximately 93.3 million adults were diagnosed with obesity in 2016. The self-isolation during the COVID-19 pandemic is driving people to consume processed foods and increases the risk of metabolic disease. Obesity management programs can help in curbing the obesity pandemic and boost the market growth in the process.
Request Free Sample Copy of Report with Detailed Impact Analysis of Covid-19:https://www.marketresearchfuture.com/sample_request/2690
In 2018, Europe accounted for the second-largest share of the market. This can be attributed to the high expendable income levels of consumers and consumption of restaurant food. A new slew of measures by the National Health Services, a government-aided healthcare service, is likely to curb obesity with the help of obesity management strategies. This is propagated by ban on Ads promoting sugar drinks, unhealthy foods, and mandates for alcoholic drinks to be displayed with hidden calorific values on menus.
About Market Research Future:
Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.
Our fast emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.