Obesity and weight loss have become a major issue for the world. Owing to the changing lifestyle and stress, and other factors, weight gain and weight related diseases have crippled a majority of the population. This has led to the development of the management programs being run that help get rid or control these issues effectively. With the growing focus on health at a global scale, the industry is growing effectively.
Weight Loss and Weight Management Market Size and Growth Rate:
Weight Loss and Weight Management Market was valued at USD 170 billion in 2017 and projected to reach USD 240 billion by 2022 growing at a CAGR of 6% during the forecast period 2017 to 2022.
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Weight Loss and Weight Management Market Growth Drivers and Restraints:
Currently, various solutions such as diets, exercises, drugs, and minimally invasive & non-invasive devices & implants and surgeries are available for weight loss and obesity management. Therefore, market growth can be attributed to increasing obese population, increasing number of bariatric surgeries, growing adoption of online weight loss and weight management programs, rise in disposable income in developing economies, sedentary lifestyle, and increasing government initiatives for creating awareness among obese populations.
Geographical Overview of Weight Loss and Weight Management Market:
Asia-Pacific region such as India and China are expected to grow at a faster rate because of the rapid urbanization in the regions.
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Key Players of Weight Loss and Weight Management Market:
Some of the leading market players of Weight Loss and Weight Management Market are Atkins Nutritionals, Herbalife, Nutrisystem, Ethicon, Covidien, Apollo Endosurgery, Brunswick, Amer Sports, Johnson Health Technology, Technogym and others.
Weight Loss and Weight Management Market Segmentation:
- Fitness Centers
- Slimming Centers
- Consulting Services
- Online Weight Loss Programs
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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