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Orlistat Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Orlistat Market Size, Share, Revenue, Trends, and Drivers For 2024-2033
It will grow from $2.85 billion in 2023 to $3.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.” - The Business Research Company
LONDON, GREATER LONDON, UNITED KINGDOM, September 20, 2024 /EINPresswire / -- The orlistat market has experienced robust growth in recent years, expanding from $2.85 billion in 2023 to $3.03 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to growing awareness of obesity-related health risks, regulatory approvals for orlistat as a prescription medication, the availability of orlistat in lower doses over-the-counter, physician recommendations, and increasing costs of obesity-related healthcare.
What Is The Estimated Market Size Of The Global Orlistat Market And Its Annual Growth Rate?
The orlistat market is projected to continue its strong growth, reaching $3.91 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing healthcare spending on obesity treatments, sedentary lifestyles along with unhealthy eating habits, government programs promoting weight loss and healthy living, the aging population, and prescriptions to over-the-counter shift.
Explore Comprehensive Insights Into The Global Orlistat Market With A Detailed Sample Report:
Growth Driver Of The Orlistat Market
Increasing obesity rates are expected to propel the growth of the orlistat market going forward. Obesity is a medical condition characterized by excessive body fat accumulation, which can negatively impact health. It is commonly measured by a body mass index (BMI) of 30 or higher. Obesity is increasing due to factors such as poor diet, lack of physical activity, and sedentary lifestyles. Orlistat is used in obesity management by inhibiting the absorption of dietary fats, which helps reduce body weight and maintain weight loss. It is often prescribed alongside a reduced-calorie diet and exercise for more effective results.
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Who Are The Leading Competitors In The Orlistat Market Share ?
Key players in the orlistat market include Merck & Co. Inc., Sanofi SA, GlaxoSmithKline plc, Roche Holding AG, Novo Nordisk A/S, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Cipla Ltd., Intas Pharmaceuticals Ltd., Lupin Pharmaceuticals Inc., Alkem Laboratories Ltd., Torrent Pharmaceuticals Ltd., Macleods Pharmaceuticals Ltd., Zydus Life, Emcure Pharmaceuticals Ltd., Lannett Company Inc., Strides Pharma Science Ltd., Indoco Remedies Ltd., Wockhardt Ltd., Jubilant Life Sciences Ltd.
What Are The Dominant Trends In Orlistat Market Growth?
Major companies operating in the orlistat market are developing innovative products, such as weight loss drugs, to enhance personal hygiene and comfort through advanced technology and design. A weight loss drug refers to a medication designed to help individuals reduce body weight by suppressing appetite, increasing metabolism, or blocking fat absorption.
How Is The Global Orlistat Market Segmented?
1) By Type: 120 Milligram (Mg), 60 Milligram(Mg)
2) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Retail Pharmacies
3) By Application: Weight-Reducing Aid, Other Applications
Geographical Insights: North America Leading The Orlistat Market
North America was the largest region in the orlistat market in 2023. The regions covered in the orlistat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Orlistat Market Definition
Orlistat is a medication used to aid weight loss by preventing the absorption of fats from the diet, thereby reducing calorie intake. It works by inhibiting the enzyme lipase, which is necessary for the breakdown of dietary fats in the intestine. It is typically prescribed for individuals who are obese or overweight and is most effective when combined with a low-fat diet and regular exercise.
Orlistat Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global orlistat market report covering trends, opportunities, strategies, and more
The Orlistat Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on orlistat market size , orlistat market drivers and trends, orlistat market major players, orlistat competitors' revenues, orlistat market positioning, and orlistat market growth across geographies. The orlistat market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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Oliver Guirdham
The Business Research Company
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