Weight Loss and Obesity Management Market Industry Trends and opportunities
Global Weight Loss and Obesity Management Market, By Diet (Dietary Supplements, Meals, Beverages), Equipment (Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Noninvasive Surgical Equipment), Service (Fitness Centers, Slimming Centers, Consulting Services, Online Weight Loss Programs), Form (Soft Gels, Tablets, Capsule, Powders, Gummies and Jellies, Premixes, Liquids, Others), Nature (Conventional, Clean Labelled), Category (Prescribed, Over The Counter (OTC)), End User Demography (Under 18 Years, 18 To 35 Years, 35 To 50 Years, Above 50 Years), Distribution Channel (Store Based, Non-Stored Based) – Industry Trends and Forecast to 2029.
Global Weight Loss and Obesity Management Market Analysis and Size
Obesity has become a global problem as a result of sedentary lifestyles and poor eating habits in recent years. In 2016, approximately 1.9 billion adults over the age of 18 were overweight or obese, with around 650 million children under the age of 5 being overweight or obese. Consequently, the weight loss and obesity management market will largely grow within the forecasted period.
Global Weight Loss and Obesity Management Market Definition
The weight loss and obesity management market includes technologies and medications that are used to help obese or overweight patients lose weight or maintain their weight. Obesity is basically a chronic medical disorder that is generally marked by an abnormal accumulation and storage of fat in the body. The BMI (Body Mass Index) is used to calculate it (BMI). The drugs, nutritional supplements, weight reduction surgery and exercise are some of the ways utilized to treat weight loss and obesity.
Weight Loss and Obesity Management Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Surging Obesity Cases
The surge in the number of obesity cases among population globally is the most significant factor driving the growth for this market. Moreover, obesity further impacts health in several ways such and increase the risks of chronic diseases (such as hypertension, cardiovascular diseases, osteoarthritis, obstructive sleep apnea, certain types of cancer and depression, high blood pressure, and type 2 diabetes), leading to decline in the life expectancy, which is also expected to accelerate the overall growth of the market.
Restraints/Challenges Global Weight Loss and Obesity Management Market
- High Costs of Diets
Low-calorie meals and beverages are often more expensive than high-calorie foods and beverages due to the additional processing required. The low-calorie products also contain nutrients like vitamins and minerals, making it a nutrient-dense food, which increases the overall cost of the products. This factor is projected to obstruct market growth.
Post Covid-19 Impact on Weight Loss and Obesity Management Market
The weight loss and obesity management market was largely impacted by the outbreak of COVID-19. The imposition of the lockdown and social distancing restrictions to curb the COVID-19 outbreak , led to supply chain disruptions, stifling business growth, technology event cancellations, suspensions of new developments and has affected the overall production and sales, which harmed the market growth, but with increase in online sales and online programs the market growth was moderate. Moreover, the automation technologies are now being used in industrial operations to reduce employee density. During the epidemic, attention has switched to autonomous materials movement, predictive maintenance using IoT and AI, and automation upgrades in repetitive processes such as assembly lines.
Global Weight Loss and Obesity Management Market Scope
The weight loss and obesity management market is segmented on the basis of diet, equipment, service, form, nature, category, end user demography and distribution channel. 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.
- Dietary Supplements
Weight Loss and Obesity Management Market Regional Analysis/Insights
The weight loss and obesity management market is analyzed and market size insights and trends are provided by country, diet, equipment, service, form, nature, category, end user demography and distribution channel as referenced above.
The countries covered in the weight loss and obesity management market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
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Competitive Landscape and Weight Loss and Obesity Management Market Share Analysis
Some of the major players operating in the weight loss and obesity management market are
- Atkins Global (U.S.)
- Herbalife International of America Inc., (U.S.)
- Nutrisystem Inc., (U.S.)
- Abbott (U.S.)
- Kellogg;s Company (U.S.)
- mega Laboratories, Inc. (U.S.)
- Johnson & Johnson Private Limited (U.S.)
- Medtronic (U.S.)
- Apollo Endosurgery Inc., (U.S.)
- GlaxoSmithKline plc (U.K)
- Olympus (Japan)
- WW International Inc., (U.S.)
- Jenny Craig (U.S.)
- Gold’s Gym (U.S.)
- DSM (Netherlands)
- Brunswick (U.S.)
- Amer Sports (Finland),
- Johnson Health Tech (Taiwan)
- Technogym SpA (Italy)
- Shaklee Corporation (U.S.)
- Nature's Sunshine Products, Inc., (U.S.)
- Novo Nordisk A/S (Denmark)
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Major TOC of the Report
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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