Anti-Obesity Drugs Market Is High trend Opportunities offers Future Business Growth by 2027
Pune, Maharashtra, India, February 24 2021 (Wiredrelease) Allied Analytics –:Anti-obesity drugs are pharmacological agents that are used to lose cholesterol and reduce the body weight. These drugs generally show their action by altering the fundamental functioning of the normal body by utilization of calories or by altering the appetite.
The global market size of Anti-Obesity Drugs is $XX million in 2019 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with a CAGR of XX% from 2020 to 2027.
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1) Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
2) However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
3) Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
Factors such as increasing prevalence of obesity, adoption of sedentary lifestyle, increasing aging population, and chronic nature of disease drive the market growth. However, side effects of the drugs and limited availability of combination therapy restrain the market growth.
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The anti-obesity drugs market is segmented on the basis of drug class, medication, type, and region.
• On the basis of drug class it is segmented into peripherally acting anti-obesity drugs and centrally acting anti-obesity drugs.
• On the basis of medication, it is segmented into monotherapies and polytherapies.
• On the basis of type, it is segmented into prescription drugs and OTC drugs.
• Geographically the market has been analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The Major Key Players Are:
Arena Pharmaceuticals, Inc., F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Alizyme plc, Boehringer Ingelheim GmbH, Novo Nordisk A/S, Pfizer Inc, Shionogi Inc., Merck & Co., Inc., and Norgine B.V.
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• The study provides an in-depth analysis of the market with current trends and future estimations to elucidate imminent investment pockets.
• It offers a quantitative analysis from 2020 to 2027, which is expected to enable stakeholders to capitalize on prevailing market opportunities.
• Extensive analysis by product helps understand various types of drugs used to treat obesity.
• Comprehensive analysis of all geographical regions has been provided, which helps determine prevailing opportunities.
• Key players have been profiled and their strategies thoroughly analyzed, which helps understand the competitive outlook of the global market.
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