According to market research report Weight Loss Management Market
to grow from USD 175.94 billion in 2017 to USD 245.51 billion by 2022,
at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast
period.
The growth of this market is majorly attributed to the
growing rate of obesity, increasing prevalence of lifestyle diseases,
and increasing number of bariatric surgeries.
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The fitness equipment segment is projected to grow at the highest CAGR during the forecast period.
By
equipment, the weight loss management market is segmented into fitness
equipment and surgical equipment. The fitness equipment segment is
estimated to register the highest growth rate during the forecast
period. The high growth in this segment can primarily be attributed to
the continuous technological advancements in fitness equipment and
growing accessibility to gyms.
Beverages segment to dominate the market in 2017
Based
on diet, the weight loss and weight management market is segmented into
meals, beverages, and supplements. In 2017, the beverages segment is
expected to account for the largest share of the weight loss and weight
management market. Growth in this segment is majorly driven by the
growing diabetic population across the globe.
The Weight Loss
Management Market is highly competitive, with the presence of several
small and large players. Some of the players operating in this market
include Atkins Nutritionals (US), Herbalife (US), Nutrisystem (US),
Ethicon (US), Covidien (US), Slimming World (UK), The Gold’s Gym (US),
Duke Diet & Fitness Center (US), Apollo Endosurgery (US), Brunswick
(US), Amer Sports (Finland), Johnson Health Technology (Taiwan),
Technogym (Italy), Weight Watchers (US), Jenny Craig (US), eDiets.com
(US), VLCC Healthcare (India), Equinox (US), Life Time Fitness (US),
Fitness First Group (US), and Town Sports (US).
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North America to dominate the weight loss and weight management market
In
2017, North America is expected to dominate the global weight loss
management market primarily due to factors such as the increasing
incidence of obesity and chronic diseases, rising awareness about
nutrition and healthy lifestyles, and growing number of fitness centers
in the region. In 2017, Europe is expected to account for the
second-largest share of this market. Rising prevalence of obesity and
increasing government support and initiatives to tackle obesity-related
problems are the major factors supporting the growth of the weight loss
management market in this regional segment.
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