Ozempic, Wegovy, and the Economy
Estimated reading time: 3 minutes
Ozempic and Wegovy may help patients lose weight. But the weight they carry in the economy is only increasing.
By 2030, some 48 million Americans will have shed a collective hundreds of millions of pounds thanks to these treatments, according to industry analysts. These projections have implications for both patients and the broader economy.
The Ozempic Effect
The popularity of Ozempic and Wegovy has already started to disrupt other treatment providers.
The producer of these drugs, pharmaceutical giant Novo Nordisk (NVO), recently stated semaglutide — the main ingredient in its weight-loss medications — could also help reduce kidney failure, according to a drug trial. This news sent the stocks of companies that produce kidney dialysis products, such as Fresenius Medical Care (FMS), plummeting.
Investors are rushing to figure out the impact of these drugs on the pharmaceutical industry and beyond.
Given Ozempic and Wegovy are appetite suppressants, some retailers, like Walmart (WMT), claim to already see an impact Beyond food, a slimmer American population might also lead to cost savings in the healthcare industry. Some have even estimated it could even help airlines save millions of dollars on jet fuel.
Investors who can effectively anticipate these changes could well see weighty profits.
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