Dublin, Oct. 05, 2023 (GLOBE NEWSWIRE) — The “Global Binge Eating Disorder Market Report and Forecast 2023-2031” report has been added to ResearchAndMarkets.com’s offering.
The global Binge Eating Disorder (BED) market, valued at USD 0.76 billion in 2022, is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period of 2023-2031. This growth is fueled by the rising prevalence of BED worldwide and a growing awareness and recognition of the disorder. The market is expected to reach a total value of USD 1.28 billion by 2031.
Introduction
Binge Eating Disorder (BED) is a severe eating disorder characterized by recurring episodes of consuming large amounts of food within a short time, accompanied by a sense of loss of control and significant distress. It affects individuals of all ages and genders and can have adverse effects on physical health, emotional well-being, and overall quality of life.
Key Trends in the Binge Eating Disorder Market
Several key trends are shaping the BED market:
Growing Awareness and Recognition: There is a notable increase in awareness and recognition of BED in recent years. Healthcare professionals, including doctors, psychologists, and nutritionists, are better trained to identify and diagnose BED. This has led to improved access to appropriate treatment and support for individuals with BED. Multidisciplinary Treatment Approaches: The treatment of BED now adopts a multidisciplinary approach. It combines various therapies such as cognitive-behavioral therapy (CBT), interpersonal psychotherapy, dialectical behavior therapy, nutritional counseling, and support groups. This holistic approach addresses the psychological, emotional, and behavioral aspects of BED. Focus on Individualized Treatment: Personalized treatment plans tailored to each individual’s unique needs are gaining prominence. Recognizing that the experience of BED is different for each person, healthcare professionals are customizing treatment approaches. This individualized strategy enhances treatment outcomes and helps individuals develop coping mechanisms and healthier relationships with food.
Market Segmentation
The BED market is divided into several segments, including:
Treatment: Subdivided into medication (antidepressant, anticonvulsant, anti-obesity medication, and others) and services (inpatient and outpatient).Route of Administration: Includes oral, parenteral, and others.Distribution Channel: Encompasses hospital pharmacy, retail pharmacy, online pharmacy, and others.
Market Breakdown by Region
North America: Comprising the United States and Canada.Europe: Encompassing the United Kingdom, Germany, France, Italy, and others.Asia Pacific: Covering China, Japan, India, ASEAN, Australia, and others.Latin America: Including Brazil, Argentina, Mexico, and others.Middle East and Africa: Spanning Saudi Arabia, the United Arab Emirates, Nigeria, South Africa, and others.
Binge Eating Disorder Market Scenario
The BED treatment and support market has experienced significant growth, driven by the rising prevalence of BED and increased awareness of the disorder. Healthcare providers, pharmaceutical companies, and technology firms are actively involved in addressing the needs of individuals with BED and offering innovative solutions to improve their quality of life.
The market for BED treatment comprises various stakeholders, including healthcare providers, therapists, pharmaceutical companies, digital health solution providers, and support groups. These stakeholders work together to provide comprehensive treatment approaches that address the complex nature of BED. The market is driven by the growing understanding of the psychological, emotional, and behavioral aspects of the disorder and the need for tailored treatment plans.
The adoption of telehealth and digital solutions has revolutionized BED treatment. Telehealth platforms enable remote consultations, therapy sessions, and monitoring, making care more accessible and convenient for individuals with BED. Digital health applications and online support communities provide additional resources, self-monitoring tools, and peer support to individuals seeking treatment for BED.
Pharmaceutical companies are investing in research and development to explore pharmacological interventions for BED. The goal is to develop medications that effectively reduce binge eating episodes, address underlying psychological factors, and improve overall well-being for individuals with BED.
The BED treatment market is expected to grow further due to increased recognition of the disorder, improved access to treatment and support, and advancements in technology and pharmaceutical interventions. Emphasis on personalized treatment plans, multidisciplinary approaches, and ongoing research on innovative therapies will continue to shape the market dynamics and contribute to better outcomes for individuals with BED.
Binge Eating Disorder Market: Competitor Landscape
Key players in the BED market include Tonix Pharmaceuticals Holding Corp, Takeda Pharmaceutical Company Limited, Chronos Therapeutics Limited, Pyramid Healthcare Inc, VIVUS LLC, Sunovion Pharmaceuticals Inc, H. Lundbeck A/S, Orexigen Therapeutics, Inc, Novo Nordisk A/S, Eli Lilly and Company, and Jazz Pharmaceuticals Inc.
The Report Covers:
Market value data analysis for 2022 and forecasted figures until 2031.Annualized market revenues ($ million) for each market segment.Country-wise analysis of major geographical regions.Key companies operating in the global BED market, along with insights into patents, grants, clinical trials, funding, partnerships, and collaborations.
Key Attributes:
Report AttributeDetailsNo. of Pages160Forecast Period2023 – 2031Estimated Market Value (USD) in 2023$0.8 BillionForecasted Market Value (USD) by 2031$1.28 BillionCompound Annual Growth Rate6.1%Regions CoveredGlobal
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Global Binge Eating Disorder Market
