The global weight loss pills market is anticipated to grow at a significant CAGR during the forecast period (2024-2031). The major factor attributable to the market growth includes the rising number of overweight and obese population all over the globe. As per the June 2021 estimates of World Health Organization (WHO), nearly 2.8 million individuals die every year due to overweight or obesity. In addition, as per the same source, nearly 115 million individuals were suffering from obesity-related ailments in developing countries as of 2021. Therefore, there is an increased demand for weight loss pills among individuals to maintain normal body weight. Adding to this, the rising awareness regarding obesity as an underlying cause of various other ailments and chronic diseases is further anticipated to provide a boost to the overall market growth.
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As per the International Diabetes Federation (IDF), the total adult population in the US with diabetes was 31.0 million in 2019 while in Canada, it was 2.8 million. The US has the largest population of children and adolescents with type 1 diabetes (175,900). Majority of these cases are responsible to obesity being the primary factor. Thus, looking at the alarming levels of obesity globally, government coupled with the private health organizations are undertaking various global obesity awareness programs. Further, they are conducting several events to encourage the necessity of maintaining nutritional well-being and normal body weight. This, in turn, is driving the growth of the global weight loss pills market.
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Market Coverage
- Segment Covered-
- By Product Type
- By Application
- By Distribution Channel
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: Novo Nordisk A/S, Gelesis Inc., and Vivus LLC, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Weight Loss Pills Market Report by Segment
By Product Type
- Prescription
- Over the Counter
By Application
- Appetite Suppression
- Fat Blocking
- Others
By Distribution Channel
- Hospital Pharmacies
- Drug Stores and Retail Pharmacies
- Online Pharmacies
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