The global weight management market size is expected to reach USD 298.6 billion by 2030, registering a CAGR of 9.7% over the forecast period, according to a new report by Grand View Research, Inc. The rising volumes of bariatric surgeries, rapid adoption of online weight loss & management programs, growth in disposable income levels in developing countries, government initiatives spreading awareness about the importance of weight management, and growing cases of obesity due to sedentary lifestyles are some of the major factors that are driving the market growth. For instance, as per the data from the Institute of Health Metrics and Evaluation, about 30.0% of the world’s population is either obese or overweight.
The developed countries and the lower & middle-income countries are expected to face huge challenges due to obesity as the obese population may have a higher penetration of chronic diseases, which might include diabetes, hypertension, and orthopedic diseases. Due to unhealthy eating habits and a lack of physical activities, cases of childhood obesity have increased in the past few years. Such children have a higher chance of suffering from chronic diseases in their adulthood. According to the report of Narayana Health, India reported about 14.4 million cases of obesity among children, which is the second-highest number of obese children across the globe.
A surge in the percentage of childhood obesity is due to an increasing number of hours in front of televisions and computers and decreasing number of active hours. The COVID-19 pandemic did affect the market negatively for a short period as there was a decline in the sales of weight management products and services as consumers were focusing on the purchase of essential goods. Furthermore, lockdown in several regions led to the temporary closure of gyms, fitness centers, health clubs, and sports institutes, which further negatively impacted the market. However, the growing awareness about healthy lifestyles and rising online sales pushed the market growth.
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The diet function segment held the largest market share in 2021 as diets contain the right amount of proteins, fibers, and a lesser amount of carbohydrates and are considered an effective weight management method
The growing popularity of customized and personalized diet plans as per the patient’s physiological conditions is further driving the meals segment
Asia holds the highest share in the market. The market growth in this region can be attributed to the growing obese population and the increasing incidence of hypertension and diabetes
Furthermore, a paradigm shift toward minimally invasive and non-invasive procedures is fueling the market growth
The rising awareness about available alternatives for weight loss & management and the increasing popularity of diet plans & fitness centers are some of the key factors responsible for the market growth
Asia Pacific dominated the global market in 2021 owing to the growing overweight & obese population and the increasing incidence of hypertension and diabetes
Grand View Research, Inc. has segmented the global weight management market on the basis of function and region:
Weight Management Function Outlook (Revenue, USD Million, 2016 - 2030)
Green tea extract
Conjugate linoleic acid
Cardiovascular training equipment
Other cardiovascular training equipment
Strength training equipment
Single station equipment
Plate loaded equipment
Benches and racks
Minimal invasive surgical equipment
Gastric bypass equipment
Laparoscopic sleeve gastrectomy equipment
Laparoscopic adjustable gastric banding systems
Biliopancreatic diversion surgery/duodenal switch equipment
Revision surgery equipment
Noninvasive surgical equipment
Intragastric balloon systems
Online weight loss service
Weight Management Regional Outlook (Revenue, USD Million, 2016 - 2030)
Middle East and Africa
List of Key Players of Weight Management Market
Herbalife International, Inc.
Weight Watchers International, Inc.
Ethicon US, LLC: Ethicon Endo-surgery, Inc.
Apollo Endosurgery Inc.
Atkins Nutritionals, Inc
Jenny Craig, Inc.
Gold’s Gym International, Inc.
Nu Skin Enterprises
Now Health Group, Inc.
Vitaco Health Limited
Johnson Health Tech
GNC Holdings, Inc.
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