Global Orlistat Market was valued at USD 3.02 billion in 2021 and is expected to reach USD 4.61 billion by the year 2028, at a CAGR of 6.2%.
Orlistat is a drug designed to treat obesity. Primary function of Orlistat is to prevent absorption of fat from the diet consumed by humans. It prevents absorption of fats by acting as lipase inhibitors, which eventually reduce the calorie intake. Orlistat works by inhibiting pancreatic and gastric lipases, pancreatic and gastric enzymes breakdown triglycerides in the intestine. When activity of lipase is blocked, triglycerides from the diet are not hydrolyzed into absorbable-free fatty acids, instead remain unchanged. Orlistat also helps in reducing blood pressure and prevents the onset of type 2 diabetes in obese people. Orlistat medication does not allow one to regain lost weight and does not block the absorption of fats from non-fat foods and sugar.
The Orlistat market in the legal industry has limited market penetration, which presents a huge opportunity for the existing players as well as the outsiders willing to enter the market space. However, the existing market players have a considerable head-start over new entrants in the market. The high prospects and the growing investments, as well as supporting initiatives, are expected further to increase the competition among the existing market players.
The Market Has Segmented The Global Orlistat Market On The Basis Of Type, Application, And Region:
The Orlistat market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.
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By Type:
- 120 mg
- 60 mg
By Distribution Channel:
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
By Regional Outlook
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
The Major Players In The Orlistat Market Include:
- Roche
- GSK group
- Teva
- Sandoz(Novartis)
- STADA-VN J.V.Co. Ltd
- Hexal AG
- National Company for Pharmaceutical Industry
- Lunan Pharmaceutical Group Corporation
- ZEIN pharmaceutical
- HISUN
- Taj Pharmaceuticals Ltd
- Kabir Life Sciences Research
- DM Pharma
- China Zhongshan Pharm and other major players.
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Orlistat Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe.
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Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Orlistat market analysis from 2022 -2028 to identify the prevailing Orlistat market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Orlistat market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global Orlistat market trends, key players, market segments, application areas, and market growth strategies.
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