Global Weight Loss and Obesity Management Market size, Insights, Prospects

Posted by kelvindbmr on January 24th, 2020

Global weight loss and obesity management market is expected to rise to an estimated value of USD 299.14 billion by 2026 registering a substantial CAGR of 6.70% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising pace of obesity and chronic diseases, technological advancements and the rising intake of junk food.

Global weight loss and obesity management market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of weight loss and obesity management market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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Key Market Competitors: Global Weight Loss and Obesity Management Market

Few of the major market competitors currently working in the weight loss and obesity management market are Ajinomoto Co.,Inc., Herbalife International of America, Inc., Nestlé SA, PepsiCo, Johnson Health Tech., THE COCA-COLA COMPANY, Nutrisystem, Inc., Mayo Foundation for Medical Education and Research (MFMER)., Zafgen, Inc., WW International, Inc., Jenny Craig, Diet Health, Inc., VLCC, 24 Hour Fitness USA, Inc., Life Time, Inc. Abbott., GlaxoSmithKline plc., F. Hoffmann-La Roche Ltd., Atkins Nutritionals, Inc., Brunswick, Kellogg NA Co., Merck & Co., Inc., Reebok International., Unilever, Precor Incorporated., ALLERGAN, Johnson & Johnson Services, Inc., Decathlon, Technogym, Apollo Endosurgery, Inc., Amer Sports, GOLD'S GYM, among others.

Segmentation: Global Weight Loss and Obesity Management Market

• By Diet (Meals, Beverages, Supplements)
• By Equipment (Fitness, Surgical)
• By Service (Fitness Centers and Health Clubs, Slimming Centers and Commercial Weight Loss Centers, Consulting Services, Online Weight Loss Programs)
• By Service (Fitness Centers and Health Clubs, Slimming Centers and Commercial Weight Loss Centers, Consulting Services, Online Weight Loss Programs)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers

• The rising pace of obesity is creating the need for obesity management and weight loss programs
• Increase in the technological advancement for treatment of obesity and weight loss
• Increasing personal disposable income
• Increasing number of chronic diseases
• Rising intake of high-calorie junk food and beverages especially among children and women
• The fast growth of the fast food industry is resulting in the adoption of unhealthy lifestyles
• Reduction in the level of physical activities due to growing luxury, which reduce the need for movement
• Increasing awareness about healthy lifestyle, and the benefits of remaining healthy
• Increasing government initiatives in the form of programs launched to ensure health lifestyle of people contribute to the growth of this market
• Introduction of new and innovative products to deal with obesity and weight loss problems.

Obesity it is a medical condition when excessive accumulation and storage of fats happen within the body. It impacts the health of an individual in several ways, by increasing the likelihood of chronic diseases and thereby reducing the life expectancy of individuals. The weight loss and obesity management market would include all those equipment’s, diets, devices and drugs that would be utilized for controlling or reducing weight in obese individuals.

Market Restraints

• High cost of the obesity program, post obesity program
• Harmful effects and complications of obesity programs hampers the growth of this market

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