New York, NY, March 11, 2019 (GLOBE NEWSWIRE) — Zion Market Research has published a new report titled “Weight Management Market by Diet (Meals, Beverages, and Supplements), by Equipment (Fitness and Surgical), and by Service (Fitness Centers, Slimming Centers, Consultation Services, and Online Weight Loss Services): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global weight management market was valued at approximately USD 212.1 billion in 2018 and is expected to generate around USD 348.1 billion by 2025, at a CAGR of around 7.3% between 2019 and 2025.
Over the last two decades, the prevalence of obesity among adolescents and children has risen significantly. It is projected that around 16% of adults and children are overweight, which signifies that the rate has doubled among the children and tripled among adolescents. The rising prevalence of obesity and overweight is a serious concern for the public healthcare system as excess body fat results in a greater risk for Type 2 diabetes, hypertension, premature death, respiratory dysfunction, osteoarthritis, dyslipidemia, stroke, gall bladder diseases, cardiovascular diseases, gout, cancer, etc. Cardiovascular disease is a prominent cause of death in Western countries. Living a torpid lifestyle, unhealthy eating habits, stress, lack of sleep, etc. are considered as the major driver of cardiovascular disorders globally, which, in turn, is fuelling the global weight management market.
Browse through 54 Tables & 21 Figures spread over 110 Pages and in-depth TOC on “Global Weight Management Market: By Type, Equipment, Industry Size, Share, Trends, Growth, Analysis and Forecast 2018–2025”.
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The rapidly rising inclination toward junk food, less preference for physical activities, and the growing fast food industry are resulting in a sedentary and unhealthy lifestyle, which leads to weight gain. The increasing incidences of different types of lifestyle-related disorders worldwide and raising awareness regarding healthy lifestyle and government initiatives will significantly boost the weight management market over the forecast time period.
The global weight management market is segmented on the basis of the diet, equipment, and service. Based on a diet, the market is segmented into meals, beverages, and supplements. The beverages segment is estimated to hold a major share of the global weight management market in the future, owing to the increasing diabetic patient pool globally.
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By equipment, the market includes fitness equipment and surgical equipment. The surgical equipment market is bifurcated into minimally invasive/bariatric equipment and non-invasive surgical equipment. The fitness equipment segment is further classified into cardiovascular training equipment, strength training equipment, and others. The fitness equipment segment is anticipated to register the highest CAGR in global weight management market, owing to the increasing accessibility to gyms and continuous advancements in fitness equipment.
By service, the market is segmented into slimming centers, fitness centers, consultation services, and online weight loss services. Fitness centers are estimated to dominate the global weight management market over the forecast time period, owing to a large number of services provided by fitness centers along with high success. Online weight loss services are anticipated to grow significantly in the global weight management market.
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North America is anticipated to remain the leading region over the forecast period as well. This regional growth can be attributed to the increasing prevalence of obese and overweight population and rising incidences of diabetes and hypertension. The U.S. is expected to dominate the North American weight management market and is anticipated to grow significantly over the forecast time period. In the U.S. in 2018, the severe obesity was around 6%, i.e., affecting 19,710,958 people and the obesity rate was about 36% affecting 118,265,752 people.
Europe is anticipated to secure the second largest regional market and show remarkable growth in the future. This regional growth can be due to shifting demographics and a growing number of overweight population in the region. Obesity is a serious public health problem in the European region, as it is the leading cause of several chronic diseases, such as diabetes Type II diabetes, coronary heart diseases, etc. The huge obese population along with an increasing prevalence of chronic diseases is growing and consuming a larger proportion of healthcare resources, which is expected to fuel the weight management market in the region in the years ahead.
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The weight management market in the Asia Pacific region is expected to show the highest CAGR over the estimated timeframe, owing to the increasingly obese population and rising medical tourism due to the availability of surgery at affordable costs. The growth of the Asia Pacific market is expected to be driven by changing lifestyle, increasing intake of high calorie and canned food. Moreover, rising patient awareness regarding obesity-related chronic diseases will further drive the weight management market significantly over the forecast time period.
The Latin American weight management market is expected to be led by Brazil in the years ahead, owing to the unmet medical needs and augmenting prevalence of obese population. In the Middle East and Africa, the African countries are likely to show noticeable market progress owing to the increasing awareness regarding obesity-related health issues with improved government initiatives.
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Some key players of the global weight management market are Herbalife International, Inc., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Brunswick Corporation, Ethicon US, LLC, Ethicon Endo-Surgery, Inc., and Gold’s Gym.
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This report segments the global weight management market into:
Global Weight Management Market: Diet Analysis
Global Weight Management Market: Equipment Analysis
- Fitness Equipment
- Cardiovascular Training Equipment
- Strength Training Equipment
- Surgical Equipment
- Minimally Invasive/Bariatric Equipment
- Non-Invasive Surgical Equipment
Global Weight Management Market: Service Analysis
- Fitness Centers
- Slimming Centers
- Consultation Services
- Online Weight Loss Services
Global Weight Management Market: Regional Analysis
- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa
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