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The Global Pediatric Obesity Management Industry is reaching new heights, emerging as a paramount concern in public health. Recent data from the World Health Organization (WHO) reveals a staggering reality, with approximately 41 million children under the age of five identified as overweight or obese in 2016. Alarming as it is, projections indicate a continued rise in these numbers in the years to come.
Future Market Insights anticipates a transformative journey for the Pediatric Obesity Management Market, forecasting a compelling compound annual growth rate (CAGR) of 4% from 2023 to 2033. This projection underscores the urgency of addressing this global health challenge and highlights the significance of innovative solutions in pediatric obesity management.
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One of the most promising innovations in pediatric obesity management is the development of personalized nutrition and exercise plans. These plans take into account a child’s unique needs and preferences, as well as their medical history and any underlying conditions. By tailoring nutrition and exercise recommendations to each individual child, healthcare providers can help children achieve and maintain a healthy weight sustainably.
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Key Takeaways from the Global Pediatric Obesity Management Industry Study
The market for paediatric obesity management expanded at a CAGR of 3% between 2018 and 2022.
From 2023 to 2033, the global market for paediatric obesity management is anticipated to expand at a 4% CAGR.
The Pediatric Obesity Management Market is anticipated to generate US$4.74 billion by 2033.
According to the FMI analysis, hospital pharmacies account for the largest market share.
In terms of market share for paediatric obesity management, North America is predicted to hold 40% of the market.
With a share of 20% throughout the projection period, it is expected that the East & South Asia market would grow considerably.
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“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Pediatric Obesity Management.” says an FMI analyst
Global Pediatric Obesity Management Industry Competition
Key players in the market include companies such as Pfizer Inc., F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc., AstraZeneca, Herbalife Ltd., Apollo Endosurgery, Ethicon, Inc., Takeda Pharmaceutical Company, VIVUS Inc., Currax Pharmaceuticals LLC, along with healthcare providers and technology companies among other global players.
The U.S. Food and Drug Administration approved the use of Wegovy (semaglutide) injection (2.4 mg once weekly) as a medication for chronic weight control in individuals with obesity or those who are overweight with at least one weight-related disease, such as high blood pressure, high cholesterol, or type 2 diabetes, in June 2021. The medication can be taken along with a lower calorie diet and more exercise. Since 2014, this subcutaneous injection is the first medication to be licenced for managing chronic weight in individuals who are obese or overweight. Patients with a body mass index (BMI) of 27 kg/m2 or above who have at least one weight-related condition, as well as those with a BMI of 30 kg/m2 or more, are advised to use it.
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FMI, in its new offering, presents an unbiased analysis of the global Pediatric Obesity Management market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights based on Drug Class, Route of Administration, Distribution Channel & Region.
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Key Segments Profiled in the Global Pediatric Obesity Management Industry Survey
Drug Class:
Lorcaserin
Liraglutide
Phentermine
Setmelanotide
Others
Route of Administration:
Oral
Injectable
Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
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