South Korea Anti-Obesity Drug Market Analysis

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  • Type: Common Disease Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4867

  • Format: PPT, PDF

South Korea Anti-Obesity Drug Market: Segmented By Mechanism Of Action (Incretin mimetics/GLP-1 agonists, SNDRIs, Lipase Inhibitors, Serotonin Receptor Agonists, Sympathomimetic-GABA Receptor Agonists, Sympathomimetics and Others), By Target Site (Peripherally Acting, Centrally Acting), By Therapy (Monotherapy, Polytherapy) and By Distribution Channel (Hospitals, Clinics and Pharmacies)- Trends, and Forecasts (2019 – 2028)

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The South Korea anti-obesity drugs market size stood at around USD 118.9 million in 2019 and is projected to reach xx million by 2028, exhibiting a CAGR of around xx% during the forecast period.

Obesity is a medical condition in which excess body fat get saturated into human body to the level that it may have adverse impact on health. Anti-obesity drugs contain certain pharmacological ingredient intended to reduce or control weight. Regulation of body weight is controlled by the brain cells which uses a variety of neuropeptides and transmitters and are responsive to endocrine and metabolic signals. Targeting these cells with novel pharmaceutical drugs is the basic way of controlling obesity. Medically anti-obesity drugs are prescribed only in cases of morbid obesity, where weight loss is lifesaving.

According to 2019 Obesity Fact Sheet released by the Korean Society for Study of Obesity, from 2009 to 2018, the prevalence of obesity and abdominal obesity increased to 35.7% and 23.8% respectively.

Market Drivers

Obesity rates in Korea are among the lowest in the OECD but have been increasing steadily. About 4% of the adult population is obese in Korea, and about 30% are overweight (including obese). OECD projections indicate that overweight rates will increase by a further 5% within ten years. This increase in the obesity population is expected to drive the demand for anti-obesity drugs in the near future. Changing lifestyle, decrease in exercise practice, consumption of cholesterol rich and packed food are some of the other potential market drivers.

Side effects such as the risk of psychiatric disorder, stroke is expected to impact the market growth over the forecast period negatively.

 

 

1. South Korea Anti-Obesity Drugs Market Overview……………………..
A. Market Size
2. Market Growth Drivers………………………………………………………
A. Increase in Incidence of Obesity
B. Cholesterol Rich Diet and Changing Lifestyle
C. Limited Physical Activity
3. Epidemiology of Obesity………………………………………..
A. Prevalence
B. Incidence
4. Anti-Obesity Drugs Market Segmentation………………………………………..
A. Mechanism of Action
I. Incretin mimetics/GLP-1 agonists
II. SNDRIs
III. Lipase inhibitors
IV. Serotonin receptor agonists
V. Sympathomimetic-GABA receptor agonists
VI. Sympathomimetics
VII. Others
B. Target Site
I. Peripherally Acting
II. Centrally Acting
C. Therapy Type
I. Monotherapy
II. Polytherapy
D. Distribution Channel
I. Hospitals
II. Clinics
III. Pharmacies
5. Anti-Obesity Drugs Major Products Market Share…………………………
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape………………………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………………………………….
A. Novo Nordisk Company Overview, Product & Services, Strategies & Financials
B. Alvogen Korea Company Overview, Product & Services, Strategies & Financials
C. Daewoong Company Overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………
A. New Trends and Development of Anti-Obesity Drugs Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Mechanism of Action:

On the basis of mechanism of action anti-obesity market is segmented into incretin mimetics/GLP-1 agonists, SNDRIs, lipase inhibitors, serotonin receptor agonists, sympathomimetic-GABA receptor agonists, sympathomimetics and others.

By Target Site:

According to the target site market is segmented into peripherally acting and centrally acting drugs.

By Therapy Type:

Monotherapy and polytherapy are the market segments based on the type of therapy.

By Distribution Channel:

According to distribution channel market is segmented into hospitals, clinics, and pharmacies.

 

Top Players

Leading the expansion of the obesity treatment market in 2019 and 2020 were Novo Nordisk’s Saxenda and Alvogen Korea’s Qushimia. Saxenda’s sales were worth USD 32.8 million in 2020. Although it decreased by 13.6% compared to the previous year, the sales volume is the largest among obesity treatment drugs in the market. Its market share based on accumulated sales last year was 25.7%. Some of the other major players in market Daewoong, Huons, Chong Kun Dang, Kwang Dong, Daehan New Pharm, Hanmi, Ahngook.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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