Health issues such as diabetes, cardiovascular disease, and cancer are becoming more and more common in developed economies. People are more likely to develop health issues such as diabetes and cancer in North America and Western Europe due to changes in eating habits, sedentary lifestyles, and high disposable income. The use of weight loss and weight management products has increased as a result of the rise in the prevalence of health disorders. Additionally, a rise in fitness awareness due to improved lifestyle and eating habits in nations such as China and India is anticipated to open up lucrative business opportunities for participants in the global weight loss and weight management diet market.
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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 of 2022 to 2029 from USD 284.68 billion in 2021. There is a growing awareness and consciousness about the importance of maintaining a healthy weight for long-term health. Individuals are increasingly seeking weight management solutions to prevent chronic diseases, such as diabetes, cardiovascular diseases, and certain types of cancer.
Key Findings of the Study
Lifestyle changes are expected to drive the market's growth rate
Lifestyle changes, such as sedentary behaviors and unhealthy eating habits, have played a significant role in the increasing prevalence of overweight and obesity. These changes have led to a growing demand for weight management programs, products, and services. Individuals are seeking effective solutions to address their weight concerns and achieve a healthier weight. Weight management programs provide guidance on nutrition, exercise, behavior modification, and support, empowering individuals to adopt healthier lifestyles and sustain long-term weight management.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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.
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Market Players Covered
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Atkins Nutritionals, Inc. (U.S.), Herbalife Ltd. (U.S.), Nutrisystem Ltd. (U.S.), Kellogg Company (U.S.), Ethicon, Inc. (U.S.), Covidien, plc. (U.S.), Apollo Endosurgery (U.S.), and Olympus Corporation (Olympus) (Japan), Weight Watchers International (U.S.), Jenny Craig (U.S.), eDiets.com, Inc. (U.S.), The Gold’s Gym International (U.S.), Brunswick Corporation (U.S.), Amer Sports (Finland), Johnson Health Tech (Taiwan), Technogym SpA (Italy) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The weight management market is segmented on the basis of type, diet, equipment, application, distribution channel, and end user.
- On the basis of type, the weight management market is segmented into equipment, services, and supplement. The equipment segment dominates the weight management market during the forecast period of 2022 to 2029 due to its facilitating efficient and accurate operations, increasing productivity, ensuring safety, and enabling the creation of high-quality products or services, leading to improved overall performance and competitiveness.
In 2022, the equipment segment dominates the type segment of the weight management market
In 2022, the services segment dominates the weight management market during the forecast period of 2022 to 2029 due to enabling accurate and efficient operations, raising productivity, ensuring safety, and facilitating the production of high-quality goods or services, IT supports a variety of industries, improving overall performance and competitiveness.
- On the basis of diet, the weight management market is segmented into meals, beverages, and nutraceuticals. The meals segment dominates the weight management market due to its convenience, variety, and ease of integration into daily routines. Pre-packaged and portion-controlled meals offer a convenient solution for individuals seeking to manage their weight effectively. These meals are often nutritionally balanced, calorie-controlled, and designed to support weight loss or weight maintenance goals
- On the basis of equipment, the weight management market is segmented into Fitness Equipment and surgical equipment. The fitness equipment segment dominates the weight management market due to its widespread use in promoting physical activity, exercise, and overall fitness. Fitness equipment enables individuals to engage in various workouts and activities that aid in weight loss and management CAGR of 6.4% in the forecast period of 2022-2029
- 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. The weight maintenance segment dominates the market due to the increasing focus on long-term weight management and healthy lifestyle practices. Weight maintenance applications emphasize sustainable strategies for maintaining a healthy weight and preventing weight regain after weight loss efforts CAGR of 6.9% in the forecast period of 2022-2029
In 2022, the weight maintenance segment dominates the application segment of the market
In 2022, the weight maintenance segment dominates the market due to the increasing focus on long-term weight management and healthy lifestyle practices. Weight maintenance applications emphasize sustainable strategies for maintaining a healthy weight and preventing weight regain after weight loss efforts with a CAGR of 6.9% in the forecast period of 2022-2029.
- 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. The online distribution channel dominates the weight management market due to its convenience, accessibility, and wide reach. Online platforms provide a seamless shopping experience, a wide range of product options, and the ability to compare prices and read customer reviews, making it a preferred choice for consumers with a CAGR of 7.4% in the forecast period of 2022-2029.
- 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, others. The fitness centers and health clubs segment dominates the weight management market due to their comprehensive approach to weight loss and management. These establishments offer a combination of exercise programs, nutritional guidance, and professional support, attracting individuals looking for a holistic approach to their weight management journey with a CAGR of 6.9% in the forecast period of 2022-2029
Major Players
Data Bridge Market Research recognizes the following companies as the major weight management market players in weight management market are Ethicon, Inc. (U.S.), Covidien, plc. (U.S.), Apollo Endosurgery (U.S.), and Olympus Corporation (Olympus) (Japan), Weight Watchers International (U.S.)
Market Development
- In 2020, Apple unveiled the Fitness+, a first-of-its-kind personalized workout experience that intelligently incorporates metrics from the Apple Watch for users to visualize right on their iPhone, iPad, or Apple TV.
- In 2020, The CoreX was developed by CoreX Fit Life, the only fitness apparatus with a compact design and the ability to perform over 100 exercises. Over 100 exercises for cardio, HIIT, strength training, Pilates, and toning are possible with the CoreX.
- In 2022, Mounjaro received approval from the U.S. Food and Drug Administration to use FastTrack medication to treat obesity.
- In 2022, Novo Nordisk announced the beginning of a new initiative called "Break the Partnership," which will focus on educating medical professionals and those who provide care for patients with type II diabetes about how to manage their weight.
Regional Analysis
Geographically, 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.
As per Data Bridge Market Research analysis:
North America is the dominant region in the weight management market during the forecast period 2022-2029
North America dominates the weight management market due to its well-established healthcare infrastructure, extensive utilization of medications, and the increasing prevalence of chronic diseases such as obesity, high cholesterol, diabetes, and heart attacks. The region's focus on research and development activities in the field of weight management further contributes to its market dominance. These factors collectively drive the adoption of weight management solutions and services, positioning North America as a leading market in the industry.
Asia-Pacific is estimated to be the fastest growing region in the weight management market in the forecast period 2022-2029
Asia-Pacific is projected to experience substantial growth in the weight management market from 2022 to 2029. This can be attributed to various factors, including government initiatives to raise awareness about weight management, the rise in medical tourism, increasing research activities, vast untapped markets, a large population base, a surge in cardiovascular diseases, and a growing demand for high-quality healthcare services in the region. These factors contribute to the expanding opportunities and potential for the weight management market in Asia-Pacific
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