Various government initiatives regarding overweight issues, technological advancements in the medical sector, commercial easy availability of weight management treatments are key factors contributing to high CAGR of Pruritus Therapeutics during forecast period.

Market Size – USD 6.14 Billion in 2018, Market Growth - CAGR of 16.7%, Market Trends – Product launches and research for advanced treatments

NEW YORK, June 06, 2019 (GLOBE NEWSWIRE) -- According to the current analysis of Reports and Data, the global obesity treatments market was valued at USD 6.14 Billion in 2018 and is expected to reach USD 19.90 Billion by year 2026, at a CAGR of 16.7 %. The study covers in-depth analysis of obesity treatment options and upcoming innovations to cure obesity. Obesity is caused by increase in the size of fat cells in the body. Obesity is a serious medical condition that leads to high blood pressure, high cholesterols and heart diseases. Loss of sleep, consumption of excess junk food, physical inactiveness are major causes of obesity. The global obesity market is propelled by number of factors such as technological advancements in the medical sector, commercial easy availability of weight management treatments and various government initiative regarding overweight issues. According to world health organization (WHO), around 13% of the world’s population is characterized as “obese”. High costs, weight regain after obesity treatments are major hindrance faced by the global obesity treatment market.   

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Further key findings from the report suggest

  • The Biliopancreatic diversion with Duodenal switch (BPD/DS) is a treatment with two components. At first, a small, tubular stomach pouch is created by removing a portion of stomach, similar to sleeve gastrectomy. Further, a large portion of the small intestine is bypassed

  • Further, Gastric bypass procedure enables food to bypass parts of the digestive system, especially the first part of the mid-section of the small intestine and might also reduce the size of stomach. This procedure is usually more effective than restrictive procedures but there is huge risk of vitamin and mineral deficiencies as the body can no longer absorb as many nutrients. A doctor might recommend surgery for a person who has a body mass index of 40 or above, or lower than 40 if they have other issues. Less pain, few scars and a lower risk of getting a hernia or infection, shorter hospital stay are some of the advantages of this procedure. Usually, surgeon do bariatric surgery as a laparoscopic or keyhole procedure

  • Within the first two years, many patients may lose 50 percent to 80 percent of their excess weight with the help of gastric bypass.

  • In surgeries, gastric bypass is the leading segment which holds 50.8% of the total market share whereas the endoscopic procedure like satiety devices is the fastest growing segment in the global obesity treatment market (8.5%)

  • Bariatric surgery is also a popular option to treat obesity which involves removing or changing a part of a person’s stomach or small intestine so that they do not consume as much food or absorb as many calories as before. The surgery can either make the stomach smaller or it can bypass part of the digestive system. The success of bariatric surgery can be because of its impact on gut hormones. Thus, it helps to lose weight and reduce the risk of high blood pressure, type 2 diabetes and other medical problems

  • Carb master, calorie one-calorie, exercise and weight tracker and daily burn-calorie, workout, and fitness companion, loseit are some of the apps available on iPhone, Touch and iPhone to monitor eating habits

  • North America holds the largest market share in the world accounting for 53%. Due to easy availability of minimally invasive options and high investments in innovations and research, it is expected to remain at the top during the forecast period

  • Asia Pacific is expected to have the highest CAGR (18%) during the forecast period. Increasing awareness about the adverse effects of excess weight, improving healthcare infrastructure and rise in the medical tourism are key factors to drive the growth

  • The combination drugs segment for obesity has the highest market share of around 54%. Metformin, Sibutramine, Orlistat, Lorcaserin, Rimonabant are some of the popular combination drugs

  • Various kinds of medicines change the way the brain regulates the urge to eat. For example, Diethylpropion, Phendimetrazine, Lorcaserin

  • Key players in the obesity treatment include Medtronic, Ethicon (subsidiary of Johnson & Johnson), Cousin Biotech, EnteroMedics, Inc., and USGI Medical, Inc. VIVUS, Inc., Arena Pharmaceuticals, Inc., F. Hoffmann-La Roche Ltd., Novo Nordisk A/S, Allergan Plc

To identify the key trends in the industry, click on the link below:  
https://www.reportsanddata.com/report-detail/obesity-treatment-market

Segments covered in the report:

For the purpose of this report, Reports and Data has segmented the obesity treatment market on the basis of surgery, drugs, end use, and region:                     

Surgery (Revenue, USD Million; 2016–2026)

  • Adjusting gastric Banding
  • Roux-en-Y Gastric Bypass
  • Sleeve gastrectomy
  • Biliopancreatic diversion with Duodenal Switch
  • Endoscopic Procedures

Drugs (Revenue, USD Million; 2016–2026)

  • Appetite suppressants
  • Combination drugs
  • Malabsorption
  • Satiety drugs 

End Use (Revenue, USD Million; 2016–2026)

  • Clinics
  • Hospitals
  • Beauty institutions 

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Regional Outlook (Revenue in USD Million; 2016–2026)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Middle East & Africa
  • Latin America
    • Brazil

Browse more reports of Medical Devices category at:  https://www.reportsanddata.com/report/category/medical-devices

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