Phentermine Hydrochloride Market

The global Phentermine Hydrochloride Market Size was USD 370.26 million in 2024 and the market is projected to touch USD 567.86 million by 2031, exhibiting a CAGR of 6.30% during the forecast period.

Phentermine is a medicine prescribed by doctors to lessen the appetite. It helps a person to feel full for a longer time and in result it helps in losing weight. It is studied that at least 5% weight loss is experienced by 80% of participants. It also helps in boosting energy; it works well by using it in combination with regular exercise. This medicine is safer to use with the condition that the doctor has all the background knowledge of the user.

This market has many avenues and initiatives to grow in the market. This avenue includes projects, programs and others. Some kind of illness such as chronic disease needs this medicine for the purpose of treatment. It is expected that the market will grow by the increase in obesity, trend for losing weight, self-care, and the others.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

Due to the COVID-19 pandemic, it affected all sectors of business because of disruption of supply chain and operation. The blockage in the supply chain affected the production of medicine at the proper time. This problem has affected the operation for many key players in the market. However, due to the pandemics there was a rise in the awareness of good health and due to lockdown the obesity problem has also increased and has opened the opportunities for growth of the market. Hence, pandemic has minimally affected the market growth.

The latest trend in this market is to produce natural and organic medicine. The growing awareness of the natural substances and its benefits along with the growing awareness of the bad effects of the chemical medicine has increased the companies for production of natural medicines. The demand for plant based and free from artificial additives appetite suppression medicine is growing immensely.

PHENTERMINE HYDROCHLORIDE MARKET SEGMENTATION

By Type

Based on type the market can be categorized into Capsule & Tablets.

• Capsule: This medicine comes in capsule and tablet form. The capsule is an oral medicine which is usually swallowed. This is surrounded by gelatin as an outer shell. It consumes more time and is delayed in the process.
• Tablets: Tables is a medicine form that is in a solid unit dosage with suitable excipients. The main difference is that tablets are fast reactors that are more immediate-release.

By Application

Based on application the market can be categorized into Hospital, Clinic & other.

• Hospital: The hospital is the major application area where the pehentermine medicines are used. It works as a decrease in appetite, increase in energy, and affect certain parts of the brain.
• Clinic: The clinic is the second major application area where this medicine is used. The use of this medicine is in the similar way as the hospital is using but in a lesser application.
• Other: The third application is another which includes the general public. They use it for personal use with doctor consultation. This application area majorly covers weight loss and for looking fit in the group of people.

"Increasing Obesity Persuade the Expansion of the Market Immensely"

It is one of the key driving factors for the Phentermine Hydrochloride Market Growth due to the increase in the obesity in the population. Obesity is highly risky, if it crosses 30 BMI, and causes many health issues such as colon, rectum, kidneys and others. It also develops disorders such as type 2 diabetes and cardiovascular diseases. The fear of risks associated with obesity has increased the demand for appetite suppressor and increased the market growth.

"E-Commerce and D2C Channels Amplifies the Market Growth "

With change in the supply and demand of the products and digitalization of the selling process such as e-commerce and direct–to-consumer marketing has given a new platform for the rapid growth of the medicines market. This driving factor facilitates the consumers to buy the products easily and at low price and the producer to sell directly to the customer.

"Serious Side-Effect Restrict the Market Growth"

With the use of phentermine hydrochloride there are many side-effects associated with it and these side-effects restrict the market growth. The side-effects are such as chest pain, irregular and fast pulse, numbness, diarrhea, and others. Phentermine is not good for not well persons such as having heart disease, high blood pressure, and glaucoma.

PHENTERMINE HYDROCHLORIDE MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates the Market due to Increase Demand "

The North America region is dominating the Phentermine Hydrochloride Market Share due to increase in demand of phetermine medicines. This region is majorly associated with the problems of obesity and disorders. People of this region are well knowledgeable about health and wellness in current trends. They use online sources and other networks to research weight loss methods, which also include weight loss medicine. Hence, the demand for this has increase in this region and dominating the market share,

Many prominent industry players are operating in this market focused on providing high quality and innovative formulations that emphasize on mental well-being. To expand in the market, companies used some techniques such as merger, acquisitions, partnership and using new technologies for producing and developing new products.

• Merro Pharmaceuticals (Pakistan)
• Miravo Healthcare (Canada)
• Zydus Lifesciences (India)
• Cipla (India)
• Aurobindo Pharma (India)
• Avanthi (India)
• KVK Tech (U.S.)
• Elite Labs (U.S.)
• Citius Pharmaceutical (U.S.)
• Lannett (U.S.)
• AG Barr (U.K.)
• Novast (China)
• INova Pharmaceuticals (Singapore)
• UCB Pharma (Belgium)

February 2022: In February 2022, Iovate Health Science International Inc. has announced a new National US brand Campaign under its Hydroxycut weight loss supplement brand which is nationally recognized. The tag for the campaign was “No Fads. Just Weight Loss”. The aim for this campaign was to highlight a three-step weight loss drive.

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