The report titled “Weight Management Market- Growth, Future Prospects, and Competitive Analysis, 2023 – 2030” offers strategic insights into the overall weight management market. The said research study covers in-depth analysis of multiple market segments based on type of weight loss products, fitness equipment, surgical services and different geographies. Weight management market is a dynamic market; the companies are expected to keep in the mind that people nowadays are watching weight rather than dieting. Hence, the products should be positioned in the market as fitness contributors. The market potential is increasing with introduction of novel products, treatments and fitness equipments. According to the World Health Organization (WHO), there are more than 1.4 billion overweight and obese adults 20 years or older. However, the most worrisome is the growing number of children who are considered overweight in the world.
For the purpose of this study, the global weight management market on the basis of weight loss products is segmented into dietary products, drugs & supplements and cosmetics. The dietary products segment is further sub-segmented into low calorie carbonated drinks, green tea/herbal tea, natural mineral salt drinks, sugar-free confectioneries, low-calorie ice-cream, low-calorie ready meals, low-calories frozen & chilled ready meals, and meal replacement. Drugs & supplement segment is further sub-segmented into pharmaceuticals, nutraceuticals and herbal drugs. Cosmetics segment covers market of slimming creams and serums.
On the basis of fitness equipment type global weight management market is segmented as cardio training equipment, strength training equipment, body composition analyzers, and fitness monitoring equipment. The cardio training equipment segment is further sub-segmented as treadmills, elliptical, rowing machines, stair steppers, and stationery cycles. Strength training equipment segment is sub-segmented as free weights, single stations, multistations, plate loaded, benches and racks, and accessories.
The surgical services market in global weight management market is segmented as invasive and non-invasive surgeries. The invasive surgery segment is further sub-segmented as bariatric surgery, and liposuction. Non-invasive surgery segment is sub-segmented as weight loss balloon system, fat freezing procedure, AspireAssist, Ultrasonic, and Accent XL therapy.
The weight management market has been geographically categorized into major regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, and GCC countries.
The weight management market is observed as the most diversified and competitive market comprising large number of players providing fitness equipments, surgical services and weight loss products. Key players in the weight loss management market, by products, include Atkins Nutritionals, Inc., Herbalife Ltd., NutriSystem, Inc., Kellogg Company, Abbott Nutrition, Mars, Inc. and Unilever. In weight loss equipments market Covidien plc, Olympus Corporation, Ethicon, Inc., and Apollo Endosurgery are some of the major players in the equipment market. The fitness equipment market comprises key players such as Brunswick Corporation, Technogym SpA, Amer Sports, Cybex International, and Johnson Health Technology, Ltd. The key players present in the services market include Weight Watchers International, Inc., VLCC Healthcare Ltd., Slimming World, 24 hours Fitness, Jenny Craig, Equinox, Inc., Duke Diet & Fitness Center,eDiets.com, The Gold’s Gym International, Fitness First Group, Town Sports International Holdings, Inc., and Life Time Fitness, Inc.
Type of Fitness Equipment Segmentation Investigation
In year 2021, it was observed that cardio training equipment accounted for the largest market share in overall fitness equipment segment due to rising consciousness about maintenance of ideal BMI, rising installation of these equipments at workplace, hospitals and home, and increasing number of gymnasiums. The cardio training equipment mainly comprises of treadmills, elipticals, rowing machines, stair steppers and stationary cycles. The market experts suggested that, cardio training equipment enhances metabolism, stamina and conditioning of heart, lungs, and blood vessels. These equipments can be used by people of all age groups and its increasing demand for home use is one of the major drivers assisting its market growth. During forecast period 2023 – 2030 it was observed that fitness monitoring equipment segment is anticipated to observe an exponential growth due to factors such as rising adoption of smartphones, high public awareness related to continuous fitness monitoring, and increasing demand for phone integrated fitness apps and wearable devices. According to market experts, the most popular fitness monitoring equipments are is the ones with built-in app support and digital pedometers with wireless connectivity.
Type of Surgical Services Segmentation Investigation
In 2021, invasive surgery accounted for the largest market share due to early market introduction and adoption, and high awareness associated with the safe invasive surgeries. However, the increasing demand for non-invasive surgeries is expected to act as a restraint the market of invasive surgery in the near future. The technological development and market introduction of innovative non-invasive surgeries are expected to assist the market growth in the near future. Key factors driving the overall non-invasive surgery market are the reduced postoperative pain compared to invasive surgery, less blood loss and also reduce the scarring pain. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), more than 2 in 3 adults are considered to be overweight or obese in the U.S and one-third of children and adolescents ages 6 to19 are considered to be overweight or obese. Thus, obesity was observed as one of the most common reason of any lifestyle disease and rising awareness related with the same is expected to benefit the market growth in the long run.
Type of Weight Loss Products Segmentation Investigation
In year 2021, dietary products accounted for the largest market share due to ease in consumption and easily stored in workplace or home, mostly consumed along with regular food or sometimes as food replacement, and rising demand for these dietary products in young and working population. The market experts suggested that, weight loss dietary products possess the peak of convenience for the current lifestyle and diet; it has been observed that consumers are moving away from three meals a day and are giving preference to snacks. A few consumer opinions suggested that weight loss diet is convenient, affordable and efficient if accompanied with workout. The major awareness created about weight loss dietary products was anticipated as the transformational and motivational videos and articles published on social websites and apps. However, drug and supplements were observed as the second largest segment as many consumers rely on drugs and supplements than workouts prefer drugs and supplements. The side-effects associated with several drugs and supplements and registered fraudulent cases across the world have created an aura of unreliability around this segment.
In base year 2021, North America accounted for 45.4% and expected to retain its dominance throughout the forecast period. The key factors assisting the growth of North America market are rising obese population, high awareness generated in young and working population against weight loss or maintenance, and increasing number of gyms, home exercise equipments and exposure to motivating information on social network or mobile apps. According to Centers for Disease Control and Prevention (CDC), in the U.S. non-Hispanic blacks have the highest age-adjusted rates of obesity (48.1%) followed by Hispanics (42.5%), non-Hispanic whites (34.5%), and non-Hispanic Asians (11.7%). Obesity is higher among middle age adults age 40-59 years (40.2%) and older adults age 60 and over (37.0%) than among younger adults age 20–39 (32.3%). During the forecast period 2021 – 2029, Asia-Pacific was the fastest growing region due to factors such as, growing economy, rising standard of living coupled with high awareness associated with obesity, and changing lifestyle and food habits are boosting the rate of obesity in children and teenagers. In Asia-Pacific, weight management market is expected to face a few challenges such as stringent regulations, safety issues related with the products, higher unit price, and increasing competition with other health and wellness products especially alternative Chinese and Ayurvedic products.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Weight Management market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Weight Loss Products Type
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Fitness Equipment
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Surgical Services
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
