Although it is not a new disease, an appetite disorder can be related to modern lifestyle. In an attempt to reduce the weight and bring the body into shape people tend to decrease the normal food consumption. It is largely explained as a disturbed eating habit or disorders leading to significant impairing of physical and psychological health of the patient. Eating disorder also occurs with variety of other psychiatric illnesses such as substance abuse, anxiety disorder, depression and other similar conditions. In addition, people suffering from appetite disorders can experience a wide range of physical health complications such as serious heart conditions and kidney failure among others which may lead to even death.
Appetite disorder market: Categories
Two of the prominent categories of the eating disorders include anorexia nervosa and bulimia nervosa. In anorexia nervosa, people tend to starve themselves for extreme weight loss whereas in bulimia nervosa a person tend to vomit after having food more than a stipulated amount every time. Females are more prone to eating or appetite disorders as compared to men. According to an article published in Psychology Today, approximately 0.5% to 3.7% of the female population suffers from anorexia nervosa whereas, an estimated 1.1% to 4.2% of the female population have bulimia nervosa in their lifetime. In the United States approximately 7 million women and 1 million men suffer from appetite disorder
Appetite disorder market: Major drivers
Major drivers to appetite disorder include genetics, abnormal level of biochemical in the body, psychological and environmental factors. With respect to genetics, identical twins are more likely to have higher rate of eating disorder as compared to fraternal twins or other siblings. Stress is another prominent cause of eating disorders. Many research studies have found that patients suffering from bulimia and anorexia have considerably higher level of stress hormones such as cortisol and serotonin. Environmental factors such as family and relationship problems, sexual abuse, disturbed childhood and peer problem can also significantly contribute towards appetite disorders. Despite of all these findings till date, the exact cause of the eating disorders is still unknown.
Appetite disorder market: Available drugs
Available treatment for appetite disorder includes nutritional therapy and drug therapy. Some of the commonly used drugs include antidepressants, antipsychotics, calcium plus vitamin D supplement and gastrointestinal stimulants among others. Lack of awareness about the disorder and absence of professional help in developing economic countries are some of the key restraints to the uptake of appetite disorder market. Cultural, professional and social compulsions such as requirements in the entertainment industry, modeling and a blurred perception of what a healthy body should look like has been a major cause of anorexia and bulimia. Several not-for-profit organizations have been creating awareness of the problems caused by social perceptions and demands in society for having a thin body particularly in females. This was conventionally upheld as a parameter for visual appeal, but is now slowly changing, with reducing number of cases over the world.
Appetite disorder market: Affected regions
Geographically, developed economic countries such as the United States and Europe are more prone to appetite disorder as compared to developing economic region primarily due to unhealthy eating habits and lifestyle related disorders. Intense research and development and awareness among people regarding eating disorder in developed economic countries are another contributing factor for increase in revenues in these two geographic regions. Many companies such as GlaxoSmithKline plc, Medisyn Technologies, Inc., Omeros Corporation are conducting rigorous clinical trial activities to develop novel drugs for patient suffering from appetite disorders. Asia-Pacific and Rest of the World are one of the fastest growing region owing to increase in disposable income, increasing influence and impact of camouflaging western culture lifestyle and rising incidences of obesity related disorders among mid-aged people.
Some of the prominent companies operating in Appetite (Eating) Disorders Market include GlaxoSmithKline plc, INSYS Therapeutics, Inc., Global Health Ventures Inc., Omeros Corporation, Kuhnil Pharmaceutical Co., Ltd., Medisyn Technologies, Inc., Lightlake Therapeutics Inc. among other players.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.