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Strategic Insights into Pediatric Obesity Management: Predictions for 2033

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.

Another promising innovation is the use of digital health tools, such as mobile apps and wearable devices, to monitor and manage pediatric obesity. These tools can help children and their families track their progress, set goals, and receive personalized feedback and support. By making it easier and more convenient to manage pediatric obesity, digital health tools are helping to improve patient compliance and outcomes.

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.
More Insights Available

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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Global Perspective: Chronic Wound Care Market Projections for 2033

Future Market Insights (FMI) has forecast a strong Compound Annual Growth Rate (CAGR) of 7% for the Global Chronic Wound Care Industry between 2023 and 2033 in a new analysis. With this predicted development, the market is expected to reach an astounding value of US$ 31.46 billion by 2033, demonstrating an impressive trajectory for the sector.

The chronic wound care industry has a 6.5% compound annual growth rate (CAGR) from 2018 to 2022, which is rather impressive. This increase is a sign of the rising need for sophisticated wound care products as well as the rising knowledge of chronic wound care.

One of the key drivers behind this optimistic outlook is the continuous research and development efforts undertaken by both governmental and non-governmental organizations. These initiatives are expected to bring new and innovative products to the market, further enhancing the landscape of chronic wound care.

Additionally, Indian Institute of Science researchers have created bandages that include magnetic nanofibers that can cure skin cancer non-invasively. Researchers at IISc have come up with a bandage that’s fabricated by electrospinning using a unique blend of nanoparticles. It has been demonstrated that real-time monitoring of wound parameters at the site of the wound is crucial for effective wound care using various sensing techniques, including physical and chemical sensors.

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The development of technologies to monitor a variety of biomarkers affecting wound healing, such as temperature, pressure, pH, and infection status, has been a focus of considerable effort in recent years. On-demand and local drug delivery have been developed as advanced wound therapies to assist in the diagnosis and treatment of wounds.

The advancement of technology and innovative 3D techniques, along with trackers and apps, will allow consumers to monitor the healing process of their finger wounds. For instance, Heriot-Watt University researchers developed tiny sensors that track wound healing and speed using a bandage under a bandage. There have been many studies on wound biology, but little is known about the physicality that contributes to wound healing, especially at the microscale, where advancement occurs at sub-hair widths. Crichton writes that few studies have been conducted on wounds.

Key Takeaways from the Global Chronic Wound Care Industry Study 

The global market size for chronic wound care is estimated to reach US$ 15.98 Billion by 2023.
According to the forecast, the market is expected to grow by 7% between 2023 and 2033, reaching a total of US$ 31.46 billion by 2033.
Across all wound dressing categories in 2023, advanced wound dressings accounted for 54% of the total market value.
Chronic wound care in North America expanded with a market share of 33% in 2022.
According to forecasts, by 2023 the diabetic ulcer market will account for 38% of the total market value.
“As diabetic ulcers become more prevalent and new drugs and devices are approved, artificial intelligence and technology are expected to play a significant role in growing sensor-based bandages.” comments a Future Market Insights analyst.

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Competitive Landscape 

Research and the development of innovative diagnostic techniques are expected to be the focus of many companies in the near future, resulting in the expansion of their product lines, the acquisition of other companies, and the merger of their businesses.

Healthium Medtech, based in Bengaluru, has introduced its new wound dressing portfolio Theruptor Novo to manage chronic wound care such as diabetic foot ulcers and leg ulcers. Healthium expands its portfolio of advanced wound dressing products with Theruptor Novo. Approximately 25% of diabetics will develop a foot ulcer during their lifetime. As a result of complications caused by untreated diabetic foot ulcers, almost 1 lakh amputations have been registered in India today. In addition to being painful and expensive, foot ulcers require a lot of treatment.
In an era when complex chronic wound care are on the rise, while access to wound care nurse specialists is becoming more challenging, HARTMAN USA and Corstrata announce their partnership to support home health and other in-home providers. Clinical expertise and evidence-based treatment protocols are essential to integrate advanced wound dressings with a successful wound care program. BerryDunn’s National Healthcare at Home Best Practices and Future Insights Study, published in recent months by top-50 accounting firm BerryDunn, indicates that wound-certified specialists are on staff at all of the top 10% of home health agencies with positive financial surpluses.
Global Chronic Wound Care Industry Key Companies Profiled:

Paracrine, Inc.
Oneness Biotech
Biotissue
Polarity TE
MediWound
Anterogen Co., Ltd.
TR Therapeutics
RHEACELL GmbH & Co.KG
Smith & Nephew
Kaken Pharmaceutical
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Key Segments Profiled in the Global Chronic Wound Care Industry Survey

Type:

Diabetic Ulcers
Pressure Ulcers
Venous Ulcers
Other Chronic Wounds
Product:

Advanced Wound Dressings
Wound Care Therapy
Active Therapy
Others
End User:

Hospital and Wound Care Centers
Homecare Settings
Others