Anorexiants Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 3.90 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Anorexiants Market Analysis
The anorexiants market studied is anticipated to register a CAGR of 3.9% during the forecast period. The major factors attributing to the growth of the market are a rise in the sedentary lifestyle, physical inactivity, and poor dietary habits resultant weight gain. According to the World Health Organization report, in 2017, about 650 million adults and 41 million children aged under 5 years were obese worldwide. Also, the report states that the obesity rate is expected to grow rapidly during the forecast period. Thus, a steep rise in global healthcare expenditure to control other health complications and obesity-related diseases is expected to drive the market.
Anorexiants Market Trends
This section covers the major market trends shaping the Anorexiants Market according to our research experts:
Oral Anorexiants Segment is Expected to Hold the Major Market Share in the Anorexiants Market
Oral Anorexiants dominated the market in past few years, and it is expected to do so over the forecast period. The higher demand for these products can be due to the increased preference of the patients owing to their non-invasive treatment. Also, their easier administration without the need for skilled healthcare professionals increased the adoption rate among the patients and physicians. Furthermore, higher availability of products in tablets and capsules, as well as increased awareness by key players are expected to lead to the growth of the segment.
North America Dominates the Market and Expected to do Same in the Forecast Period.
North America has been the primary market for anorexiants market owing to the rise in the number of complications associated with obesity in the region. Major chronic diseases prevailing in the region include diabetes, coronary heart disease, and certain types of cancer.
According to the factsheet published by the Centers for Disease Control and Prevention (CDC), the prevalence of obesity in 2016 was 39.8%, affecting about 93.3 million US adults which increased to 41.2 % in 2017. Also, as per the Organization for Economic Co-operation and Development report in 2020, the United States is estimated to spend the highest Health Expenditure on Obesity and Related Conditions across the globe during 2020-2050.
Increasing obesity cases in the region can be due to a sedentary lifestyle and unhealthy dietary habits. Furthermore, overweight gain affects an individual's psychological, behavioral, and psychiatric characteristics. Additionally, the presence of key players, a huge target population with disposable income in the United States is anticipated to drive the market growth over the forecast period.
Anorexiants Industry Overview
The Anorexiants Market is moderately competitive and consists of several major players. Few of the major players are implementing various strategies like increased investments in R&D and mergers & acquisitions. For instance, in September 2019, Currax Pharmaceuticals LLC, acquired Nalpropion Pharmaceuticals, a biopharmaceutical company focused on the treatment of weight loss. With the acquisition deal, Currax has owned the world-wide rights to Contrave, the number one prescription weight-loss brand medication in the United States and Europe. Strategic alliances such as these are expected to boost the sales globally. Some of the companies currently dominating the market are Novo Nordisk Inc., Lannett Co. Inc., Currax Pharmaceuticals LLC, F. Hoffmann-La Roche AG, and Pfizer Inc.
Anorexiants Market Leaders
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Novo Nordisk Inc.,
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Lannett Co, Inc.
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F. Hoffmann-La Roche AG
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Pfizer Inc.
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Currax Pharmaceuticals LLC
*Disclaimer: Major Players sorted in no particular order
Anorexiants Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 The Rise in Global Prevalence of Cases of Obesity due to Modern Sedentary Lifestyles
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4.2.2 Rise in Awareness and Disposable Income in Developed Economies
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4.3 Market Restraints
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4.3.1 Highly Cost of Branded Products in Emerging Countries
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4.3.2 Severe Adverse Associated with Medication Including Seizures, Suicidal Attempts and Even Death
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4.3.3 Adoption of Traditional Yoga and Herbal Products
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Route of Administration
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5.1.1 Subcutaneous Anorexiants
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5.1.2 Oral Anorexiants
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5.2 Distribution Channel
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5.2.1 Online Pharmacy
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5.2.2 Retail Pharmacy
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5.2.3 Hospital Pharmacy
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle-East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Novo Nordisk Inc.
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6.1.2 Lannett Co. Inc.
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6.1.3 Currax Pharmaceuticals LLC
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6.1.4 F. Hoffmann-La Roche AG
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6.1.5 Pfizer Inc.
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6.1.6 Vivus Inc.
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6.1.7 Hi-Tech Pharmaceuticals
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6.1.8 KVK Tech Inc.
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6.1.9 Elite Pharmaceuticals Inc.
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6.1.10 Productos Medix SA de CV
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Anorexiants Industry Segmentation
Anorexiants are therapeutics used to treat obesity by increasing basal metabolic rate. These drugs stimulate hypothalamic and limbic regions that control gastric emptying. Thus, it acts by suppressing the appetite and causing earlier satiety resultant decreasing the intake of the individual. Obesity is identified as the leading preventable cause of preventable death, thus the demand for anorexiants is expected to increase over the forecast period driving the market.
| Route of Administration | |
| Subcutaneous Anorexiants | |
| Oral Anorexiants |
| Distribution Channel | |
| Online Pharmacy | |
| Retail Pharmacy | |
| Hospital Pharmacy |
| Geography | ||||||||
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Anorexiants Market Research FAQs
What is the current Anorexiants Market size?
The Anorexiants Market is projected to register a CAGR of 3.9% during the forecast period (2024-2029)
Who are the key players in Anorexiants Market?
Novo Nordisk Inc.,, Lannett Co, Inc., F. Hoffmann-La Roche AG, Pfizer Inc. and Currax Pharmaceuticals LLC are the major companies operating in the Anorexiants Market.
Which is the fastest growing region in Anorexiants Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Anorexiants Market?
In 2024, the North America accounts for the largest market share in Anorexiants Market.
What years does this Anorexiants Market cover?
The report covers the Anorexiants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Anorexiants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Anorexiants Industry Report
Statistics for the 2024 Anorexiants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Anorexiants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
