The Market for Global Weight Loss and Obesity Management is expected to grow at CAGR 6.2% from 2017 to 2024
Data Bridge Market Research new Insight’s on “Global Weight Loss and Obesity Management Market, is projected to reach USD 253.1 billion by 2024, from USD 156.4 billion in 2016, at a CAGR of 6.2% during the forecast period from 2017 to 2024.”
The market is segmented by By Fitness Equipment (Cardiovascular Training Equipment, Strength Training Equipment, Body Composition Analyzers, Fitness Monitoring Equipment), By Surgical Equipment (Minimally Invasive Surgical Equipment, Non-Invasive Surgical Equipment), By Dietary Supplements (Dietary Food, Dietary Beverages and Dietary Supplements), By Services (Facilities, Programs), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
Weight Loss and Obesity Management Market: Recent Developments
Obese people are increasing globally, which is leading to numerous diseases such as heart diseases, cancer, high blood pressure, hypertension and diabetes. Treatment of such diseases is quite expensive. Obesity is a very serious medical condition in which body has excess fat deposition. Intake of too many calories, increase consumption of unhygienic fatty foods and genetic inheritance are the main causes of obesity. The rising pace of obesity and chronic diseases is creating the need for obesity management and weight loss programs. Obesity reduces life expectancy. United States has the most obese people followed by China.
Increase in the technological advancement, increasing personal disposable income, increasing number of diseases, increase intake of high-calorie food and beverages due to urbanization, unhealthy lifestyle, reduced physical activity, are the most important driving factors. On the other hand, the high cost of the obesity programme, post obesity programme, increasing health awareness of food and beverages by consumers or surgery harmful effects and complications are some of the restraints of Global Weight Loss & Obesity Management Market.
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Weight Loss and Obesity Management Market Categories: Segmentation
The global weight loss and obesity management market is segmented based on dietary supplements, fitness equipment, surgical equipment, services, and geography.
On the basis of dietary supplements the market is segmented into dietary food, dietary beverages and dietary supplements. The dietary food includes sugar-free confectionaries, low-calorie meals, and organic food and meal replacements. The dietary beverages comprise of low-calorie drinks, green tea, and slimming water. The dietary supplements include fiber, protein, and conjugated tea extract.
Based on fitness equipment the market is segmented into cardiovascular training equipment (treadmill, elliptical, stationery cycles, Rowling machines, stair steppers, others), Strength training equipment (single stations, plate loaded, free weights, benches and racks, multi-stations, accessories), Body composition analyzers, fitness monitoring equipment.
On the basis of surgical equipment the market is segmented into minimal invasive equipment (gastric bypass, laparoscopic gastric banding system, laparoscopic sleeve gastrectomy, billiopancreatic diversion surgeries, revision surgeries), noninvasive surgical equipment (intragastric balloon system, endobarrier devices, endoscopic suturing, stomaphyx).
Based on services the market is segmented into facilities and programs.
Weight Loss and Obesity Management Market: Geographic Segmentation
Based on geography the global weight loss and market is segmented into 5 geographical regions, North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The geographical regions are further segmented into major countries such as U.S. Canada, Brazil, Argentina, Mexico, Germany, France, U.K., Belgium, Switzerland, Turkey, Japan, China, Singapore, Australia, India, Russia, South Africa and many others.
Weight Loss and Obesity Management Market: Company Share Analysis
The market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. In November 2016, Ajinomoto CoInc, acquire all of the shares of Orgena major food company in Turkey and the trademark for its brand BizimMutfak, which is widely sold in Turkey.
Some of the major players operating in the global weight loss and obesity management market are Ajinomoto Co. Inc., Herbalife Ltd., Nestle SA, Pepsico Inc., Johnson Health Tech Co. Ltd., The Coca-Cola Co., Nutrisystem Inc., Mayo Clinic, Zafgen, Weight Watchers International, Inc., Jenny Craig, eDiets, VLCC Healthcare Ltd, Slimming World, Duke Diet & Fitness Center, 24 hours Fitness, Equinox, Inc., Life Time Fitness, Inc, Fitness First Group, Town Sports International Holdings, Inc., Abbott Nutrition, GSK, Roche, Atkins Nutritionals, Brunswick, Kellogg, Merck, McNeil Nutritionals, Reebok, Unilever, Precor Inc, Ethicon Endo-surgery Inc, Allergan Inc and others.
Other Market Insights:
Global Fitness Equipment Market, latest insights by Data Bridge Market Research says that the market is growing at a CAGR of 3.8% in the forecast period 2017 to 2024, expected to reach USD 15.75 billion by 2024
Global Weight Management Market, latest insights by Data Bridge Market Research says that the new market report contains actual calculation year for the report in 2016, while the historic data is for 2015 and the forecast period is still 2024.
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