How the Weight Loss Drugs Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Major Innovations Are Driving the Accelerated Growth of the Weight Loss Drugs Market?
The escalating rates of obesity are predicted to stimulate the expansion of the weight loss drugs market in the future. The term obesity rate corresponds to the percentage of a population with a body mass index (BMI) of 30 or more. Weight loss medications are utilized in combating obesity by helping individuals lose weight, either by diminishing appetite, increasing the sensation of fullness, or impacting the absorption of nutrients. For example, in September 2023, the Centers for Disease Control and Prevention, a US governmental entity, reported that the adult obesity rates surpassed 35% in 19 states in 2021 and escalated to 22 states in 2022. Also, the prevalence of adult obesity reached or went beyond 35% in 2022. Moreover, in March 2023, the World Obesity Federation, a non-profit organization based in the UK, projected that over 4 billion people are likely to be obese by 2035. Hence, the surge in obesity rates is contributing to the rise of the weight loss drugs market.
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How Will the Growth Rate of theWeight Loss Drugs Market Impact Industry Trends by 2034?
The market for weight loss medications has seen a substantial expansion in recent times. It is projected to flourish from $2.87 billion in 2024 to $4.23 billion in 2025, with a compound annual growth rate (CAGR) of 47.6%. Factors such as escalating prevalence of obesity, shifts in lifestyle, advancements in awareness and education, earlier detection of health issues, and growing health care spending have contributed to this significant growth during the historical period.
The market size for weight loss medications is set to experience significant expansion in the coming years, predicting to reach $17.08 billion in 2029 with a compound annual growth rate (CAGR) of 41.7%. Factors contributing to this expansion during the forecast period include a rising elderly population, the impact of social media, growing fitness and wellness trends, societal beauty standards, and investments from the pharmaceutical industry. The forecast period also anticipates major trends such as technological progression, emphasis on over-the-counter solutions, customized medical treatment, combination therapies, product advancements, and post-market monitoring.
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What Are the Most Significant Market Trends Transforming theWeight Loss Drugs Market?
Leading firms in the weight loss drug market are creating revolutionary offerings like Zepbound (tirzepatide) injection to better cater to the needs of patients. Zepbound is an injectable dual glucose-dependent insulinotropic polypeptide (GIP) and glucagon-like peptide-1 (GLP-1) receptor agonist that is administered once a week. For example, Eli Lilly and Company, an American pharmaceutical corporation, secured FDA authorization for tirzepatide injection (Zepbound) for the persistent management of weight in adults who are overweight or obese and suffer from at least one weight-related problem, in November 2023. Zepbound holds the promise to be a commercially viable drug since it’s the first and only FDA-sanctioned obesity medication that triggers both GIP and GLP-1 receptors.
What Are the Top Market Players Propelling the Growth of theWeight Loss Drugs Industry?
Major companies operating in the weight loss drugs market report are Pfizer Inc., Roche, Merck & Co., AbbVie Inc., Novartis AG, Bristol Myers Squibb, Sanofi S.A., AstraZeneca PLC, LG Chem, GlaxoSmithKline, Takeda Pharmaceutical Company, Eli Lilly and Company, Bayer AG, Amgen Inc., Boehringer Ingelheim group, Novo Nordisk A/S, Merck KGaA, Teva Pharmaceutical Industries Ltd., Hisun Pharmaceutical, Taj Pharmaceuticals Ltd., Zhongshan Pharmaceutical Co. Ltd., Dm Pharma, Lunan Pharmaceutical Group Corporation, Wolfson Berg Ltd., Swiss Research Labs Ltd.
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Which Primary Segments of the Weight Loss Drugs Market Are Driving Growth and Industry Transformations?
The weight loss drugs market covered in this report is segmented –
1) By Type: Liquid, Tablets, Capsules
2) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
3) By Application: Weight-Reducing Aid, Fat Absorption Inhibitors, Metabolic Boosters
Subsegments:
1) By Liquid: Syrups, Solutions, Suspensions
2) By Tablets: Immediate-Release Tablets, Extended-Release Tablets
3) By Capsules: Hard Capsules, Softgel Capsules
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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Weight Loss Drugs Market?# Market?
North America was the largest region in the Weight Loss Drugs market in 2024. The regions covered in the weight loss drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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