Weight Management Market: Growing number of overweight and obese population driving the market growth
The global weight
management market size is expected
to reach USD 442.3 billion by 2025, according to a new report by Grand View
Research, Inc. Rising number of overweight and obese population coupled with
rising popularity of various commercially available solutions is fueling the
growth.
With Covid-19 infections rising globally, the
apprehension regarding a shortage of essential life-saving devices and other
essential medical supplies in order to prevent the spread of this pandemic and
provide optimum care to the infected also widens. In addition, till a
pharmacological treatment is developed, ventilators act as a vital treatment
preference for the COVID-19 patients, who may require critical care. Moreover,
there is an urgent need for a rapid acceleration in the manufacturing process
for a wide range of test-kits (antibody tests, self-administered, and others).
The report will account for Covid19 as a key market contributor.
Increasing initiatives undertaken by
market players in collaboration with the government to raise awareness about
the adverse impact on health due to obesity are further anticipated to drive
the market demand. The overweight and obese population are more prone to
chronic diseases including diabetes, hypertension, and orthopedic diseases.
Thus, rising awareness about weight management techniques is driving the market
growth.
Thanks to westernization and
urbanization, there is an increasing preference toward processed food as an
alternative to home-cooked food. The increase in number of nuclear families
coupled with a rise in the working population have fueled the demand for easily
accessible & inexpensive fast food and takeaway meals. According to
Statista, in 2015, revenue of fast food industry in the U.S was 203.2 billion.
A hectic schedule coupled with increasing stress are resulting in higher intake
of outside and takeaway food. This trend is anticipated to trigger the market
growth.
To Request Sample Copy of this report, click the link:
Further Key Findings From the Study Suggest:
·
The growing prevalence of
obesity primarily due to sedentary lifestyle and lesser physical activities is
augmenting market growth
·
The rising awareness of
available solutions for weight loss and management is driving the growth
·
In diet, the beverage segment
holds the largest share owing to increasing consciousness amongst people about
their eating habits and adoption of general & personalized diet plans for
better metabolism and losing the extra weight. Whereas, rising popularity of
supplements, shake mix, tablets, and capsules are projected to grow over the
forecast period
·
Fitness equipment such as
cardiovascular training, strength building, and other equipment used in
maintaining the weight account for the largest share in weight management
·
Increasing R&D for
developing minimally invasive and noninvasive equipment are anticipated to
increase the usage of surgical equipment over the forecast period
·
The fitness center services
segment held the largest share of market, however with digitalization, online
weight loss services are anticipated to grow over the forecast period
·
In 2016, North America
dominated the global weight management market with the largest revenue share of
over 46.0%, due to the rising overweight population and commercial availability
of minimally invasive procedures and noninvasive equipment
·
Asia Pacific is expected to
emerge as the fastest growing region during the forecast period, primarily due
to growing awareness about the importance of losing & management of extra
weight in order to avoid adverse health effects coupled with improving
healthcare infrastructure and emerging medical tourism
·
Some of the major players are
Herbalife International, Inc.; NutriSystem, Inc.; Weight Watchers
International, Inc.; eDiets.com; BRUNSWICK CORPORATION; Ethicon US, LLC; and
GOLD'S GYM
The global weight management market
size was valued at USD 214.7 billion in 2016 and is expected to grow at a CAGR
of 8.3% over the forecast period. According to the Institute of Health Metrics
and Evaluation, 30.0% of the world’s population is either obese or overweight.
Obesity poses an enormous challenge for the developed countries and the lower
& middle-income countries. The overweight and obese population reports a
high prevalence of chronic diseases including hypertension, diabetes, and
orthopedic diseases. Thus, growing number of obese and overweight population is
driving the growth.
The
weight management market is segmented into diet, equipment, and services. Diet
includes meals, beverages, and supplements. Diet is gaining popularity as a
solution for weight loss and management in developed as well as in developing
countries. Meals containing the right amount of proteins, fibers, and lesser
amount of carbohydrates are considered as an effective weight management
method.
Trend
of customized and personalized diet plans as per the patient’s physiological
conditions is encouraging people for opting diet meals. Beverages including
green tea and sliming waters containing catechins and antioxidants help in
improving the metabolism of the body, thereby contributing to reduction of
stubborn fat. Easy availability and high acceptance of this segment drives the
growth of beverage market.
The
supplements segment consists of protein mix, herbal powders, tablets, and
capsules. This segment is gaining popularity in the market due to ease in
availability and effectiveness of supplements, thereby driving the growth of
this segment.
Have any Query? Ask our Experts:
Grand View Research has segmented the
global weight management market by diet, equipment, services:
Weight Management Diet Outlook (Revenue, USD Billion;
2014 - 2025)
·
Diet
o Meals
o Beverages
o Supplements
Weight Management Equipment Outlook (Revenue, USD
Billion; 2014 - 2025)
·
Fitness equipment
o Cardiovascular training equipment
o Strength Training equipment
o Others
·
Surgical equipment
o Minimally invasive/Bariatric equipment
o Noninvasive surgical equipment
Weight Management Services Outlook (Revenue, USD Billion;
2014 - 2025)
·
Fitness centers
·
Sliming centers
·
Consultation services
·
Online weight loss services
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Comments
Post a Comment