Market Growth Will Be Driven By the Rapid Uptake of Novel Emerging Agents and the High Prevalence of Obesity, According to Findings from Decision Resources
BURLINGTON, Mass.--(BUSINESS WIRE)-- Decision Resources, one of the world’s leading research and advisory firms for pharmaceutical and healthcare issues, finds that the obesity drug market will increase more than six-fold over the next decade, increasing from $420 million in 2010 to $2.6 billion in 2020 in the United States, France, Germany, Italy, Spain, the United Kingdom and Japan. Market growth will be driven by the rapid uptake of novel emerging agents and the high prevalence of obesity.
The findings from the Pharmacor topic entitled Obesity reveal that a significant unmet need remains for agents that can induce satisfactory weight loss. Physicians and patients alike consider the weight-loss efficacy of the current market leaders—Roche’s Xenical, GlaxoSmithKline’s OTC Alli and the generic agent, phentermine—to be unsatisfactory. However, the 2012 launch of Vivus’s Qnexa will help fulfill the need for more efficacious agents, owing to its weight-loss efficacy which is superior to currently available options, and this will result in blockbuster sales for this agent.
The findings also reveal that, based on new safety concerns, key opinion leaders perceive Arena/Eisai’s Lorqess to have a suboptimal risk to benefit ratio—as a result, Decision Resources no longer forecasts a launch for this agent. As demonstrated by the U.S. Food and Drug Administration’s rejection of Lorqess and Orexigen Therapeutics/Takeda’s Contrave, the safety threshold for new obesity agents remains extremely high.
“Agents that can demonstrate improvements in obesity-related disease, as well as induce adequate weight loss, will have a greater chance of approval,” said Decision Resources Analyst Kate Sullivan. “For this reason, we expect Novo Nordisk’s type 2 diabetes agent, Victoza, will become a key obesity therapy over the next ten years, and will gain blockbuster sales in obesity over and above what it will achieve in type 2 diabetes.”
About Decision Resources
Decision Resources (www.decisionresources.com) is a world leader in market research publications, advisory services and consulting designed to help clients shape strategy, allocate resources and master their chosen markets. Decision Resources is a Decision Resources Group company.
About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.
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Christopher Comfort, 781-993-2597
KEYWORDS: United States North America Massachusetts
INDUSTRY KEYWORDS: Health Biotechnology Fitness & Nutrition Pharmaceutical