Global Weight Management Market, By Type (Equipment, Services, Supplement), Diet (Meals, Beverages, Nutraceuticals), Equipment (Fitness Equipment, Surgical Equipment), Application (Weight Maintenance, Body Shaping, Sports Injuries, Aesthetic Procedures, Chronic Wound Management, Others), Distribution Channel (Multi-Level Marketing, Large Retail, Small Retail, Health and Beauty Stores, Online, Others), End User (Fitness Centers and Health Clubs, Consulting Services and Commercial Weight Loss Centers, Online Weight Loss Programs, Slimming Centers, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
In developed economies, the incidence of health problems such as diabetes, cardiovascular disease, and cancer has increased alarmingly in recent years. Changes in food habits, sedentary lifestyles, and high disposable income in North America and Western Europe make people more susceptible to developing health problems like diabetes and cancer. As a result of the rise in the prevalence of health disorders, there has been an increase in the use of weight loss and weight management products. Furthermore, an increase in fitness consciousness in countries such as China and India as a result of improved lifestyle and dietary habits is expected to provide lucrative business opportunities to players in the global weight loss and weight management diet market.
Data Bridge Market Research analyses that the weight management market is expected to reach the value of USD 421.57 billion by the year 2029, at a CAGR of 5.03% during the forecast period. The weight management market is driven by the increasing prevalence of eye disorders as a result of the ageing population.
Market Definition
Weight management, as the name implies, is the use of techniques, equipment, changing consumption patterns, and other methods to manage one's weight in accordance with one's body structure, height, and desires. Weight management techniques advocate for weight management based on age, height, and gender.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Type (Equipment, Services, Supplement), Diet (Meals, Beverages, Nutraceuticals), Equipment (Fitness Equipment, Surgical Equipment), Application (Weight Maintenance, Body Shaping, Sports Injuries, Aesthetic Procedures, Chronic Wound Management, Others), Distribution Channel (Multi-Level Marketing, Large Retail, Small Retail, Health and Beauty Stores, Online, Others), End User (Fitness Centers and Health Clubs, Consulting Services and Commercial Weight Loss Centers, Online Weight Loss Programs, Slimming Centers, Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Atkins Nutritionals, Inc. (US), Herbalife Ltd. (US), Nutrisystem Ltd. (US), Kellogg Company (US), Ethicon, Inc. (US), Covidien, plc. (US), Apollo Endosurgery (US), and Olympus Corporation (Olympus) (Japan), Weight Watchers International (US), Jenny Craig (US), eDiets.com, Inc. (US), The Gold’s Gym International (US), Brunswick Corporation (US), Amer Sports (Finland), Johnson Health Tech (Taiwan), Technogym SpA (Italy)
|
|
Market Oppurtunities
|
|
Weight Management Market Dynamics
Drivers
- Rising concerns about obesity
One of the major factors driving market growth is the world's growing population of overweight and obese people. One of the primary reasons for this is the widespread consumption of junk and unhealthy foods. India, Germany, China, the United States, and the United Kingdom have the world's largest obese populations.
Expertise in research and development
Rising R&D spending on medical instruments and devices, particularly in developed and developing economies, will create even more lucrative market growth opportunities. The research and development capabilities being used to provide the best medications to combat obesity are also boosting the market growth rate.
Regulatory Compliance
Maintaining compliance with medical reforms and regulations raises the demand for these solutions.
Increased investment in healthcare facilities
Another important factor driving market growth is the increased emphasis on improving the condition of healthcare facilities and the overall healthcare infrastructure. A growing number of partnerships and strategic collaborations between public and private players in the funding and application of new and improved technology is creating even more lucrative market opportunities.
.Restraints/Challenges
On the other hand, high costs associated with R&D capabilities, limited infrastructural facilities, uneven distribution of medical services, and a lack of awareness in backward economies are expected to stymie market growth. In addition, a lack of favourable reimbursement scenarios and technological penetration in developing economies, high initial and maintenance costs of weight management equipment, limited insurance coverage and regulatory compliance, and a lack of suitable infrastructure in low- and middle-income countries are expected to pose challenges to the market during the forecast period of 2022-2029.
This weight management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the weight management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Weight Management Market
COVID-19 had a marginally positive market impact. This is due to increased health awareness among people during the pandemic era. Individuals began to focus on consumption patterns, resolved to curb unhealthy habits, and developed the habit of exercising and focusing on physical health. Individuals found a lot of inspiration and motivation from online videos and social medical channels. However, supply chain disruptions made transportation and distribution of weight management equipment difficult. Furthermore, movement restrictions added to the difficulties.
.Recent Development
- In September 2020, Apple unveiled the Fitness+, which intelligently incorporates metrics from Apple Watch for users to visualize right on their iPhone, iPad, or Apple TV, offering a first-of-its-kind personalized workout experience.
- In March 2020, CoreX Fit Life created the CoreX, the only fitness machine that has the capability of over 100 exercises, as well as sports simulation in a compact design. The CoreX allows for over 100 exercises for cardio, HIIT, strength training, Pilates, and toning.
Global Weight Management Market Scope
The weight management market is segmented on the basis of type, diet, equipment, application, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Equipment
- Services
- Supplement
On the basis of type, market is segmented into equipment, services and supplement.
Diet
- Meals
- Beverages
- Nutraceuticals
On the basis of diet, the weight management market is segmented into meals, beverages and nutraceuticals.
Equipment
- Fitness Equipment
- Surgical Equipment
On the basis of equipment, the market is segmented into fitness equipment and surgical equipment. The fitness equipment is sub-segmented into cardiovascular training equipment, strength training equipment and others. The surgical equipment is sub-segmented into surgical, minimally invasive/bariatric equipment and non-invasive surgical equipment.
Application
- Weight Maintenance
- Body Shaping
- Sports Injuries
- Aesthetic Procedures
- Chronic Wound Management
- Others
On the basis of application, the weight management market is segmented into weight maintenance, body shaping, sports injuries, aesthetic procedures, chronic wound management and others.
Distribution channel
- Multi-Level Marketing
- Large Retail
- Small Retail
- Health and Beauty Stores
- Online
- Others
On the basis of distribution channel, the weight management market is segmented into multi-level marketing, large retail, small retail, health and beauty stores, online and others
End user
- Fitness Centers and Health Clubs
- Consulting Services and Commercial Weight Loss Centers
- Online Weight Loss Programs
- Slimming Centers
- Others
On the basis of end user, the weight management market is segmented into fitness centers and health clubs, consulting services and commercial weight loss centers, online weight loss programs, slimming centers and others.
Weight Management Market Regional Analysis/Insights
The weight management market is analysed and market size insights and trends are provided by country, type, diet, equipment, application, distribution channel and end user as referenced above.
The countries covered in the weight management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Because of its large number of healthcare facilities, widespread use of medications, rising rates of chronic diseases such as obesity, high cholesterol, diabetes, and heart attacks, and a growing number of research activities, North America dominates the weight management market. Asia-Pacific is expected to grow significantly between 2022 and 2029, owing to an increase in government initiatives to raise awareness, an increase in medical tourism, growing research activities in the region, the availability of massive untapped markets, a large population pool, an increase in cases of cardiovascular diseases, and a growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The weight management market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for weight management market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the weight management market. The data is available for historic period 2010-2020.
Competitive Landscape and Weight Management Market Share Analysis
The weight management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to weight management market.
Some of the major players operating in the weight management market are
- Atkins Nutritionals, Inc. (US)
- Herbalife Ltd. (US)
- Nutrisystem Ltd. (US)
- Kellogg Company (US)
- Ethicon, Inc. (US)
- Covidien, plc. (US)
- Apollo Endosurgery (US)
- Olympus Corporation (Japan)
- Weight Watchers International (US)
- Jenny Craig (US)
- eDiets, Inc. (US)
- The Gold’s Gym International (US)
- Brunswick Corporation (US)
- Amer Sports (Finland)
- Johnson Health Tech (Taiwan)
- Technogym SpA (Italy)
SKU-