Ultra Market Research | Canada Obesity Drugs Market
Canada Obesity Drugs Market
Report ID : 785
Category : Pharmaceuticals,Canada
No Of Pages : 187
Published on: October 2024
Status: Published
Format :
Key Question Answer
Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
Canada Obesity Drugs Market Introduction The Canada obesity drugs market is expanding as obesity rates in Canada remain high, driving demand for effective obesity treatment drugs. The market covers a range of anti-obesity drugs, including prescription weight loss medications and over-the-counter weight management drugs that aid in appetite suppression, fat absorption reduction, and metabolic enhancements. Growing public awareness of the health implications associated with obesity, such as heart disease, diabetes, and other chronic conditions, has led to increased usage of prescription medications for weight management. The market in Canada is witnessing substantial growth, estimated to have reached over CAD 200 million in 2023, due to the launch of new obesity drugs, continuous improvements in drug formulations, and the rise of combination therapies. Currently, regulatory and public health efforts are supporting drug accessibility and encouraging innovative research, with trends focusing on non-invasive drug therapies to address this critical health issue.
Segmentation
ByDrug Class
• Appetite Suppressants o Sympathomimetic Suppressants
Phentermine-based Medications
Diethylpropion-based Medications
Others
o Non-Sympathomimetic Suppressants
• Lipase Inhibitors
o Orlistat-based Drugs
o Others
• Combination Drugs
o Phentermine-Topiramate
Extended Release Formulations
Immediate Release Formulations
o Naltrexone-Bupropion
Sustained Release (SR) Formulation
Immediate Release (IR) Formulation
• Others
By End-Use Application • Healthcare Facilities
o Public Hospitals
o Private Clinics
Bariatric Clinics
Weight Management Centers
• Weight Loss Programs
o Medically Supervised Programs o Non-Surgical Weight Loss Programs
By Distribution Channel • Retail Pharmacies
o Chain Pharmacies
National Chains Regional Chains
o Independent Pharmacies • Online Pharmacies
o Prescription Fulfillment Services o Manufacturer’s Websites
• Hospital Pharmacies
By Prescription Type
• Prescription-based Medications
o Oral Capsules o Oral Tablets o Injectable Solutions
• Over-the-Counter (OTC) Options
o Herbal Supplements o Appetite Control Supplements
• Others
List of Market Players 1. Bausch Health Companies Inc. (Canada) 2. Novo Nordisk (Denmark) 3. Pfizer Inc. (United States) 4. Eli Lilly and Company (United States) 5. GlaxoSmithKline (United Kingdom) 6. AstraZeneca PLC (United Kingdom) 7. Sanofi (France) 8. Merck & Co., Inc. (United States) 9. Roche Holding AG (Switzerland) 10. Allergan (United States) 11. Vivus, Inc. (United States) 12. Arena Pharmaceuticals, Inc. (United States) 13. Johnson & Johnson (United States) 14. Zafgen Inc. (United States) 15. Orexigen Therapeutics, Inc. (United States)
Drivers High Obesity Rates: Canada’s obesity prevalence rate is growing, driving demand for effective obesity treatment drugs. Health Risks of Obesity: Rising awareness of obesity-related health conditions like type 2 diabetes and cardiovascular diseases boosts demand for weight loss medications. Government Initiatives: The Canadian government’s health programs promote obesity treatment access, supporting growth in the Canada obesity drugs market. Technological Advancements: Research in weight management drugs and new drug formulations are fostering innovation in the market. Lifestyle Changes: Increasingly sedentary lifestyles have contributed to a higher rate of obesity, leading to increased demand for weight management medications.
Restraints High Drug Costs: Many obesity drugs are costly, limiting access for individuals without adequate insurance coverage. Potential Side Effects: Obesity drugs can lead to adverse effects, affecting patient adherence and acceptance in the Canadian market. Regulatory Constraints: Strict regulations regarding drug approvals by Health Canada slow down the introduction of new medications. Lack of Insurance Coverage: Some insurance providers do not cover weight management drugs, posing a financial barrier for patients. Social Stigma: Stigmas around obesity and its treatment discourage some patients from seeking obesity drugs, impacting market growth.
Opportunity Growth in Online Pharmacies: Online platforms provide patients easy access to prescription weight loss drugs and create new opportunities for market players. Personalized Medicine: Increased emphasis on personalized treatments in Canada presents opportunities for customized obesity drug formulations. Partnerships for Research: Collaborations between pharmaceutical companies and health organizations support research into innovative obesity treatments. Preventive Health Awareness: Rising preventive healthcare initiatives create opportunities to promote weight loss drugs as part of proactive health measures. Expansion in Digital Healthcare: Digital health solutions facilitate obesity treatment access, especially in remote areas.
Trend The Canadian obesity drugs market is shifting toward personalized weight management solutions, driven by an increase in precision medicine. Innovations in drug formulations are also trending, with pharmaceutical companies exploring combination therapies and injectable solutions that provide longer-lasting results. The emphasis on digital healthcare has led to partnerships between drug manufacturers and telehealth platforms, making it easier for patients to consult healthcare professionals remotely. Moreover, there is a rising trend in weight loss treatments focused on non-invasive, medically supervised programs, aligning with Canadian consumer demand for safer, less invasive treatment options. Additionally, health campaigns and the rise of digital health solutions are playing a critical role in promoting obesity drugs, ultimately supporting market growth by raising awareness and expanding accessibility.
Key Target Audience Healthcare Providers Weight Loss Centers and Clinics Retail and Online Pharmacies Pharmaceutical and Biotechnology Companies Healthcare and Wellness Service Providers Government Health Agencies Insurance Providers
FAQs about the Canada Obesity Drugs Market
It includes drugs and medications approved in Canada to assist in weight management and obesity treatment.
Companies like Novo Nordisk, Pfizer, GlaxoSmithKline, and Bausch Health are key players in the Canadian market.
Insurance coverage varies; some providers do not cover obesity drugs, impacting affordability.
Increasing obesity rates, government initiatives, and advancements in drug formulations are driving growth.
Trends include personalized medicine, combination therapies, and increased access through telemedicine platforms.
1. Introduction 1.1 Report Description 1.2 Research Methodology 1.2.1 Data Mining 1.2.2 Market Modeling and Forecasting 1.2.3 Data Validation 1.2.4 Industry Analysis 2. Market Dashboard 3. Market Overview 3.1 Market Definition and Scope 3.2 Market Segmentation 3.2.1 By Drug Class 3.2.2 By End-Use Application 3.2.3 By Distribution Channel 3.2.4 By Prescription Type 3.3 Market Dynamics 3.3.1 Drivers 3.3.2 Restraints 3.3.3 Opportunities 3.3.4 Challenges 4. Canada Obesity Drugs Market by Drug Class 4.1 Introduction 4.2 Market Size and Growth Rate by Drug Class (2024-2030) 4.2.1 Appetite Suppressants 4.2.1.1 Sympathomimetic Suppressants 4.2.1.1.1 Phentermine-based Medications 4.2.1.1.2 Diethylpropion-based Medications 4.2.1.1.3 Others 4.2.1.2 Non-Sympathomimetic Suppressants 4.2.2 Lipase Inhibitors 4.2.2.1 Orlistat-based Drugs 4.2.2.2 Others 4.2.3 Combination Drugs 4.2.3.1 Phentermine-Topiramate 4.2.3.1.1 Extended Release Formulations 4.2.3.1.2 Immediate Release Formulations 4.2.3.2 Naltrexone-Bupropion 4.2.3.2.1 Sustained Release (SR) Formulation 4.2.3.2.2 Immediate Release (IR) Formulation 4.2.3.3 Others 5. Canada Obesity Drugs Market by End-Use Application 5.1 Introduction 5.2 Market Size and Growth Rate by End-Use Application (2024-2030) 5.2.1 Healthcare Facilities 5.2.1.1 Public Hospitals 5.2.1.2 Private Clinics 5.2.1.3 Bariatric Clinics 5.2.2 Weight Management Centers 5.2.3 Weight Loss Programs 5.2.3.1 Medically Supervised Programs 5.2.3.2 Non-Surgical Weight Loss Programs 6. Canada Obesity Drugs Market by Distribution Channel 6.1 Introduction 6.2 Market Size and Growth Rate by Distribution Channel (2024-2030) 6.2.1 Retail Pharmacies 6.2.1.1 Chain Pharmacies 6.2.1.1.1 National Chains 6.2.1.1.2 Regional Chains 6.2.1.2 Independent Pharmacies 6.2.2 Online Pharmacies 6.2.2.1 Prescription Fulfillment Services 6.2.2.2 Manufacturer’s Websites 6.2.3 Hospital Pharmacies 7. Canada Obesity Drugs Market by Prescription Type 7.1 Introduction 7.2 Market Size and Growth Rate by Prescription Type (2024-2030) 7.2.1 Prescription-based Medications 7.2.1.1 Oral Capsules 7.2.1.2 Oral Tablets 7.2.1.3 Injectable Solutions 7.2.2 Over-the-Counter (OTC) Options 7.2.2.1 Herbal Supplements 7.2.2.2 Appetite Control Supplements 7.2.3 Others 8. Competitive Landscape 8.1 Company Profiles 8.1.1 Bausch Health Companies Inc. (Canada) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.2 Novo Nordisk (Denmark) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.3 Pfizer Inc. (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.4 Eli Lilly and Company (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.5 GlaxoSmithKline (United Kingdom) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.6 AstraZeneca PLC (United Kingdom) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.7 Sanofi (France) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.8 Merck & Co., Inc. (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.9 Roche Holding AG (Switzerland) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.10 Allergan (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.11 Vivus, Inc. (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.12 Arena Pharmaceuticals, Inc. (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.13 Johnson & Johnson (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.14 Zafgen Inc. (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 8.1.15 Orexigen Therapeutics, Inc. (United States) • Business Overview • Product Portfolio • Strategic Developments • Financial Overview 9. List of Tables And Figures List of Tables Table Canada Obesity Drugs Market Size by Drug Class (2024-2030) Table Appetite Suppressants Market Size by Sub-type (2024-2030) Table Lipase Inhibitors Market Size by Sub-type (2024-2030) Table Combination Drugs Market Size by Sub-type (2024-2030) Table Canada Obesity Drugs Market Size by End-Use Application (2024-2030) Table Healthcare Facilities Market Size by Sub-type (2024-2030) Table Weight Management Centers Market Size (2024-2030) Table Weight Loss Programs Market Size by Sub-type (2024-2030) Table Canada Obesity Drugs Market Size by Distribution Channel (2024-2030) Table Retail Pharmacies Market Size by Sub-type (2024-2030) Table Online Pharmacies Market Size by Sub-type (2024-2030) Table Hospital Pharmacies Market Size (2024-2030) Table Canada Obesity Drugs Market Size by Prescription Type (2024-2030) Table Prescription-based Medications Market Size by Sub-type (2024-2030) Table Over-the-Counter (OTC) Options Market Size by Sub-type (2024-2030) List of Figures Figure Canada Obesity Drugs Market Size and Growth Rate by Drug Class (2024-2030) Figure Appetite Suppressants Market Growth Rate by Sub-type (2024-2030) Figure Lipase Inhibitors Market Growth Rate by Sub-type (2024-2030) Figure Combination Drugs Market Growth Rate by Sub-type (2024-2030) Figure Canada Obesity Drugs Market Size and Growth Rate by End-Use Application (2024-2030) Figure Healthcare Facilities Market Growth Rate by Sub-type (2024-2030) Figure Weight Management Centers Market Growth Rate (2024-2030) Figure Weight Loss Programs Market Growth Rate by Sub-type (2024-2030) Figure Canada Obesity Drugs Market Size and Growth Rate by Distribution Channel (2024-2030) Figure Retail Pharmacies Market Growth Rate by Sub-type (2024-2030) Figure Online Pharmacies Market Growth Rate by Sub-type (2024-2030) Figure Hospital Pharmacies Market Growth Rate (2024-2030) Figure Canada Obesity Drugs Market Size and Growth Rate by Prescription Type (2024-2030) Figure Prescription-based Medications Market Growth Rate by Sub-type (2024-2030) Figure Over-the-Counter (OTC) Options Market Growth Rate by Sub-type (2024-2030)
Tables Financial Overview of Key Companies Table Bausch Health Companies Inc. Obesity Drugs Financial Overview Table Novo Nordisk Obesity Drugs Financial Overview Table Pfizer Inc. Obesity Drugs Financial Overview Table Eli Lilly and Company Obesity Drugs Financial Overview Table GlaxoSmithKline Obesity Drugs Financial Overview Table AstraZeneca PLC Obesity Drugs Financial Overview Table Sanofi Obesity Drugs Financial Overview Table Merck & Co., Inc. Obesity Drugs Financial Overview Table Roche Holding AG Obesity Drugs Financial Overview Table Allergan Obesity Drugs Financial Overview Table Vivus, Inc. Obesity Drugs Financial Overview Table Arena Pharmaceuticals, Inc. Obesity Drugs Financial Overview Table Johnson & Johnson Obesity Drugs Financial Overview Table Zafgen Inc. Obesity Drugs Financial Overview Table Orexigen Therapeutics, Inc. Obesity Drugs Financial Overview
Research Methodology
The process of market research at Ultra Market Research is an iterative in application and usually follows following path. Information from secondary used to build data models, then results from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done and new Information is again incorporated into data model. The process continues till desired level of Information is not generated
To calculate the market size, the report considers the revenue generated from the sales of Ultra Market Research providers. The revenue generated from the sales of Ultra Market Research has been calculated through primary and secondary research. The report also presents the key players operating in the Ultra Market Research market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes distribution channel segmentation determined using secondary sources and verified through primary sources.
Secondary Research
The secondary research source that are typically referred to include, but are not limited to:
Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
Internal and external proprietary databases, relevant patent and regulatory databases
National government documents, statistical databases and market reports
News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to: Factiva, Hoovers and Statista
Inner Circle Represents – Stage of Research Process
Middle Circle Represents – Source of Information
Outer Circle Represents – Information Derived from that source
Primary Research We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
It provides first-hand Information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
Helps in validating and strengthening the secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
Industry participants: CEOs, VPs, marketing/ distribution channel managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry distribution channels
Models Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data distribution channels to produce estimates:
Demographic data: Population split by segment
Macroeconomic indicators: GDP, etc.
Industry indicators: Expenditure, distribution channel stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
2..1 Company Share Analysis Model
Company share analysis is used to derive the size of Canada market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps: 2..2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
2.1 Research Limitations Inflation is not a part of pricing in this report. Prices of Canada Obesity Drugs Market and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each distribution channel has been taken into account while estimating and forecasting market revenue Canadaly. Regional average price has been considered while breaking down this market by application in each region. This report provides market size of Canada Obesity Drugs Market for the past year and forecasts for the next six years. Canada Canada Obesity Drugs Market. Market size is given in terms of revenue. Market revenue is defined in USD Million. Market numbers are given on the basis of different Canada Obesity Drugs Market Market categories. Market size and forecasts for each major application is provided in the context of Canada market. The numbers provided in this report are derived on the basis of demand for Canada Obesity Drugs Market from different application industries in different regions.
Segmentation
ByDrug Class
• Appetite Suppressants o Sympathomimetic Suppressants
Phentermine-based Medications
Diethylpropion-based Medications
Others
o Non-Sympathomimetic Suppressants
• Lipase Inhibitors
o Orlistat-based Drugs
o Others
• Combination Drugs
o Phentermine-Topiramate
Extended Release Formulations
Immediate Release Formulations
o Naltrexone-Bupropion
Sustained Release (SR) Formulation
Immediate Release (IR) Formulation
• Others
By End-Use Application • Healthcare Facilities
o Public Hospitals
o Private Clinics
Bariatric Clinics
Weight Management Centers
• Weight Loss Programs
o Medically Supervised Programs o Non-Surgical Weight Loss Programs
By Distribution Channel • Retail Pharmacies
o Chain Pharmacies
National Chains Regional Chains
o Independent Pharmacies • Online Pharmacies
o Prescription Fulfillment Services o Manufacturer’s Websites
• Hospital Pharmacies
By Prescription Type
• Prescription-based Medications
o Oral Capsules o Oral Tablets o Injectable Solutions
• Over-the-Counter (OTC) Options
o Herbal Supplements o Appetite Control Supplements