Global Weight Management market, which was estimated at 250 (USD Billion) in 2019 and is predicted to accrue earnings worth 370(USD Billion) by 2026, is set to record a CAGR of nearly 7.3% over 2020-2026.
The global Weight Management market, which was estimated at 250 (USD Billion) in 2019 and is predicted to accrue earnings worth 370(USD Billion) by 2026, is set to record a CAGR of nearly 7.3% over 2020-2026. The report offers valuation and analysis of Weight Management market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).
Introduction
Weight management is the method of accepting extended changes in the lifestyle for maintaining a healthy body mass based on the age, gender, and height of an individual. With obesity as well as overweight rising enormously among the global population, the need for weight management activities is likely to increase over the forthcoming years. According to NCBI, in 2016, nearly 1.9 billion from among the adult populace was found to be overweight with nearly 650 million from this overweight population to be obese. Furthermore, NIH researchers also observed that this overweight adult population is prone to type 2 diabetes, heart ailments, obstructive sleep apnea, fatty liver disorder, and musculoskeletal ailment along with many kinds of cancer. This also results in reduction in life quality along with raising the need for proficient weight management activities.
Market Growth Dynamics
The swift evolution of electronic health systems as well as mobile health systems is likely to aid the growth of weight management industry over the forecasting timeframe. Apart from this, digitization of healthcare services has promptly addressed the need of lifestyle modification for resolving the obesity issues of the people and this will create bulge the market size. In addition to this, growing integration of smart technology, AI, IoT, and Big Data and healthcare activities will further amplify the expansion of the weight management industry over the forecast timespan. Growing cases of obesity resulting in high blood pressure, heart failures, and orthopedic disorders will proliferate the market proceeds over the assessment period.
Moreover, the Centers for Disease Control (CDC) has reported that about 29.1 million adult populace in the U.S. are affected due to type 2 diabetes mellitus. From among this, 8.1 million of the U.S. adult population goes undiagnosed. Apparently, it has been observed that rise in the proportion of obesity has resulted in occurrence of type 2 diabetes mellitus with two-third of the U.S. adult population found to be obese and hence prone to the type 2 diabetes mellitus ailment. In addition to this, diabetes prevention program tests conducted by CDC in the U.S. found a substantial loss in weight among the obese adult population after the latter went through lifestyle intervention, thereby averting the risk of getting type 2 diabetes mellitus. All such moves are anticipated to chart a profitable growth map for the weight management industry over the forthcoming years. Furthermore, commercial weight reducing programs in the U.S. as well as other nations will make notable contributions towards the market proceeds in the years ahead. Additionally, need for reducing type 2 diabetes mellitus management costs will assist in lucrative surge of the business over the forecasting timeline.
North America To Dominate Overall Market Revenue Share By 2026
The expansion of the market in North America over assessment timeframe is owing to rise in the obsese population in the countries like the U.S. In addition to this, growing awareness among the people to stay fit and healthy will culminate in more demand for weight management activities. Apparently, change in the lifestyles has translated in inflation in the rate of obese population across the countries like Canada and the U.S. This, in turn, has paved a way for the demand in the weight management programs to control overweight, thereby driving the regional market trends.
Key players leveraging the business growth include eDiets.com, Ethicon Endo-Surgery, Inc., Herbalife International, Inc., Ethicon US, LLC, NutriSystem, Inc., Weight Watchers International, Inc., Brunswick Corporation, and Gold's Gym.
This report segments the global weight management market into:
Global Weight Management Market: Diet Analysis
Global Weight Management Market: Equipment Analysis
Global Weight Management Market: Service Analysis
By Region
The rapidly rising inclination toward junk food, less preference for physical activities, and the growing fast food industry are resulting in a sedentary and unhealthy lifestyle, which leads to weight gain. The increasing incidences of different types of lifestyle-related disorders worldwide and raising awareness regarding healthy lifestyle and government initiatives will significantly boost the weight management market over the forecast time period.
The growing number of overweight population is majorly stimulating the weight management market globally. The world’s obese population has nearly tripled today in comparison to 1975. In 2016, 41 million children under the age of 5 were overweight and over 1.9 billion adults (the population 18 years and above) were obese. Among which, over 650 million were obese and on an average around 13% of the world’s total population is obese. Moreover, changing lifestyle patterns, rising preference for minimally invasive procedures, and favorable government initiatives are likely to significantly boost the weight management market over the forecast period.
The global weight management market is segmented on the basis of the diet, equipment, and service. Based on a diet, the market is segmented into meals, beverages, and supplements. The meals segment is expected to register the highest growth rate over the forecast time period, due to the high adoption of low-calorie food and raising awareness about lifestyle-related diseases. By equipment, the market includes fitness equipment and surgical equipment. The surgical equipment market is bifurcated into minimally invasive/bariatric equipment and non-invasive surgical equipment. The fitness equipment segment is further classified into cardiovascular training equipment, strength training equipment, and others. By service, the market is segmented into slimming centers, fitness centers, consultation services, and online weight loss services. Slimming centers are estimated to show the highest CAGR in the global weight management market.
By region, North America is anticipated to remain the leading region over the forecast period as well. In 2016, the prevalence of obesity in the U.S. was 39.8% and affected about 93.3 million of the adult population. Moreover, obesity-related disorders, such as heart diseases, diabetes, stroke, etc., also increased in the region. Europe was the second largest market in 2018 followed by the Asia Pacific. The Asia Pacific weight management market is anticipated to grow significantly through the forecast time period, owing to changing lifestyles, increased governmental support, rising obesity prevalence, and unmet medical needs of the regional population.
Some key players of the global weight management market are Herbalife International, Inc., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Brunswick Corporation, Ethicon US, LLC, Ethicon Endo-Surgery, Inc., and Gold's Gym.
The swift evolution of electronic health systems as well as mobile health systems is likely to aid the growth of weight management industry over the forecasting timeframe. Apart from this, digitization of healthcare services has promptly addressed the need of lifestyle modification for resolving the obesity issues of the people and this will create bulge the market size. In addition to this, growing integration of smart technology, AI, IoT, and Big Data and healthcare activities will further amplify the expansion of the weight management industry over the forecast timespan. Growing cases of obesity resulting in high blood pressure, heart failures, and orthopedic disorders will proliferate the market proceeds over the assessment period.
According to Zion market research report, the global Weight Management market, which was estimated at 250 (USD Billion) in 2019 and is predicted to accrue earnings worth 370(USD Billion) by 2026, is set to record a CAGR of nearly 7.3% over 2020-2026.
North America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2020-2026 can be credited to rise in the obsese population in the countries like the U.S. In addition to this, growing awareness among the people to stay fit and healthy will culminate in more demand for weight management activities. Apparently, change in the lifestyles has translated in inflation in the rate of obese population across the countries like Canada and the U.S. This, in turn, has paved a way for the demand in the weight management programs to control overweight, thereby driving the regional market trends.
The key players profiled in the report include eDiets.com, Ethicon Endo-Surgery, Inc., Herbalife International, Inc., Ethicon US, LLC, NutriSystem, Inc., Weight Watchers International, Inc., Brunswick Corporation, and Gold's Gym.
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