Weight Management Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, China, Japan, India, Australia, South Korea, Taiwan, New Zealand, Singapore, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE, Israel), Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI4549
Weight Management Market size is projected to experience substantial progress from 2020 to 2026. Weight management or weight loss management is the process of adopting prolonged lifestyle modification to maintain a healthy body weight on the basis of person’s sex, age and height. Obesity is a chronic condition that affects around 17% of adolescents & children in the U.S. and more than one in three adults. Hence, growing obesity leads to the risk of type 2 diabetes, fatty liver disease, stroke, and other health issues. Thus, the market is anticipated to witness a substantial market growth in the upcoming years.
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Growing incidence of obesity is one of the leading factors that is driving the market growth. Rising bariatric surgeries, growing obese population across the globe, increasing disposable income in emerging economies are further propelling the weight management market growth. Growing Obesity or overweight population propose a high prevalence of chronic diseases across the globe such as diabetes, hypertension, heart attack and orthopedic diseases. As a result, the demand for healthy food and balanced diet is impelling the weight management market growth positively.
Rising number of bariatric surgeries is also boosting the market growth and is anticipated to project a lucrative growth in the upcoming years. This is attributed to the fact that with continuous technological advancements bariatric surgeries have become less painful for patients. Hence, due to these advancements, the adoption of bariatric surgery is rapidly increasing and is considered as an effective and prolonged alternative to other weight loss techniques. Thus, rising number of these surgeries is positively influencing the weight management market demand.
On the basis of equipment, the market is segmented into surgical equipment and fitness equipment. Fitness equipment that includes cardiovascular training equipment and strength training equipment held the largest revenue in 2019. The high growth is owing to the several factors such as growing accessibility to gyms, continuous technological developments in equipment, and easily availability of these equipment’s.
On the basis of diet, the market is bifurcated into meal, beverages and supplement. Beverages witnessed the significant weight management market share in 2019. This is due to the fact that beverages that includes sliming waters containing antioxidants & catechins and green tea assist in improving the metabolism of the body thereby, assisting in the reduction of fat. High acceptance and easily availability of this segment drives the growth of beverage market.
Based on weight management service, the market is segmented as Fitness centers, Sliming centers, Consultation services and Online weight loss programs. The fitness centers segment is projected to show lucrative growth over the forecast time frame. This high growth is attributed to the rising awareness regarding health and fitness for preventing health conditions such as diabetes & heart diseases and growing prevalence of obesity that has gained a significant traction for the fitness centers. Hence, owing to these factors, growing demand for fitness centers will fuel the business growth over the projection period.
U.S. weight management market revenue is estimated to hold a majority market share in 2026 owing to the growing prevalence obese population and rising incidence of diabetes. According to the statistics provided by Centers for Disease Control and Prevention, in 2015-2016, around 93.3 million adults in the U.S. were affected with obesity. Growing awareness pertaining to healthy lifestyles and proper nutrition, increase in the number of fitness centers and upsurge in the disposable income are a few factors that are contributing in the country’s market growth. Hence, all the above-mentioned factors are impelling the weight management industry growth in the country.
Some of the major market players involved in the weight management market share are Hebalife International, Inc., Nutrisystem, Inc., WW International, Inc., Ethicon, GOLD'S GYM, Brunswick Corporation, Jenny Craig, Covidien, Atkins, Technogym and among others. These key players are emphasizing on major industry strategies and are taking a few initiatives to maintain a competitive edge in the market.
Weight Management Market, By Equipment, 2015-2026 (USD Million)
- Fitness Equipment
- Cardiovascular Training Equipment
- Elliptical Trainers
- Stationary Cycles
- Rowing Machines
- Stair Steppers
- Strength Training Equipment
- Single-Station Equipment
- Plate-Loaded Equipment
- Benches and Racks
- Multistation Equipment
- Free Weights
- Fitness Monitoring Equipment
- Body Composition Analyzers
- Surgical Equipment
- Minimally Invasive Surgical Equipment
- Gastric Bypass Surgery Equipment
- Laparoscopic Sleeve Gastrectomy Equipment
- Laparoscopic Adjustable Gastric Banding Systems
- Biliopancreatic Diversion Surgery/Duodenal Switch Equipment
- Revision Surgery Equipment
- Noninvasive Surgical Equipment
- Intragastric Balloon Systems
- Endobarrier Devices
- Endosuturing Devices
- Minimally Invasive Surgical Equipment
By Diet, 2015-2026 (USD Million)
By Service, 2015-2026 (USD Million & Units)
- Fitness centers
- Sliming centers
- Consultation services
- Online weight loss programs
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- New Zealand
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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