Weight Management Market Size & Growth Analysis to 2030

The global weight management market has been projected to grow at a CAGR of around 8% during 2020-2027. Major factors driving the growth of the weight management market are continuous growth in the obese population, the practice of sedentary lifestyle, growing incidence of obesity-related diseases and complications, and growth in the number of government policies focusing on improving general public health. Regions such as Middle East and Africa and the Asia Pacific present a host of untapped opportunities and are currently witnessing growth in the number of weight loss treatment providers. The demand for surgical treatments for weight loss is also gradually growing in the Asia Pacific market.

Market Insights:

In 2019, the cardio training equipment segment occupied the largest share in the overall fitness training equipment market. Rising awareness about maintaining ideal body mass index, growing gym establishments, and house installations are the key factors contributing to the high demand for this equipment. Easy usage of this equipment across all age groups also drives wide usage of cardio equipment worldwide. In addition, products such as fitness monitoring equipment or trackers will undergo the fastest market growth during the forecast. Ease of connectivity and technological advancement has rendered large popularity to these products, particularly in the working class population.

Considering the surgical services for weight management, this market is dominated by invasive surgeries such as liposuction and bariatric surgery. Proven success of these procedures and better affordability as against the novel non-invasive methods are the key drivers of this segment. Based on product types, dietary products demonstrate the largest revenue contribution in the weight management market. Better affordability, corresponding usage with physical exercises, and convenience in use are the key factors driving the popularity of this segment.

Market Segment Insights:

The global weight management market, for the purpose of this study, is categorized in terms of fitness equipment, weight loss products, surgical services, and geographical distribution. The fitness equipment segment is further classified into cardio training equipment (treadmills, ellipticals, rowing machines, stair steppers, and stationary cycles), strength training equipment (free weights, single stations, multistations, plate loaded, and benches and rack), body composition analyzers and fitness monitoring equipment. Based on surgical services for weight management, this market is categorized into invasive surgery (bariatric surgery, liposuction), non-invasive surgery (weight loss balloon system, fat freezing procedure, AspireAssist, ultrasonic weight loss treatment, and Accent XL therapy. The global weight loss products market is segmented into dietary products (low-calorie carbonated drinks, green tea/herbal tea, sugar-free confectioneries, low-calorie ice-cream, low-calorie ready meals, low-calorie frozen & chilled ready meals and meal replacement), drugs and supplements (pharmaceuticals, nutraceuticals, and herbal drugs) and cosmetics.

Global Weight Management Market Segmentation:

By Products, 2018–2027 ($ Millon)

• Dietary Products
  • Low Calorie Carbonated Drinks
  • Green Tea/Herbal Tea
  • Sugar-free Confectioneries
  • Low-Calorie Ice-Cream
  • Low-Calorie Ready Meals
  • Low-Calories Frozen & Chilled Ready Meals
  • Meal Replacement
• Drugs and Supplements
  • Pharmaceuticals
  • Nutraceuticals
  • Herbal Drugs
• Cosmetics

By Surgical Services, 2018–2027 ($ Millon)

• Invasive Surgery
  • Bariatric Surgery
  • Liposuction
• Non-Invasive Surgery
  • Weight Loss Balloon System
  • Fat Freezing Procedure
  • AspireAssist
  • Ultrasonic Weight Loss Treatment
  • Accent XL Therapy

By Fitness Equipment, 2018–2027 ($ Millon)

• Cardio Training Equipment
  • Treadmills
  • Ellipticals
  • Rowing Machines
  • Stair Steppers
  • Stationery Cycles
• Strength Training Equipment
  • Free Weights
  • Single Stations
  • Multistations
  • Plate Loaded
  • Benches and Rack
  • Accessories
• Body Composition Analyzers
• Fitness Monitoring Equipment

By Geography, 2018-2027 ($ Millon)

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Regional Insights:

For the purpose of this study, the global weight management market is regionally categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa markets. These regional markets are further sub-segmented into top country-level markets that majorly determine the regional industry trends. Among the considered regional markets, North America currently dominates the global weight management market, with United Sates being the largest county-level market. A large pool of obese population, greater awareness in population about health and wellbeing, higher disposable incomes, and reimbursements for surgical services are the key factors driving the North America weight management market.

Market Competition Assessment:

The major players currently operating in the global antioxidants market include Atkins Nutritionals, Inc., Herbalife Ltd., NutriSystem, Inc., Kellogg Company, Abbott Nutrition, Mars, Inc., and Unilever. In the weight loss equipment market Covidien plc, Olympus Corporation, Ethicon, Inc., and Apollo Endosurgery are some of the major players in 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.

List of Key Companies:

• Abbott Nutrition
• Amer Sports Corporation
• Apollo Endosurgery
• Atkins Nutritionals, Inc.
• Brunswick Corporation
• Cargill
• Conagra Foods, Inc.
• Covidien plc
• Cybex International
• Ethicon, Inc.
• Glaxosmithkline Plc
• Herbalife Ltd.
• Johnson Health Technology, Ltd.

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Key Questions Answered by Weight Management Market Report

• Global weight management market forecasts from 2020-2027
• Regional weight management market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East, and Africa, and Latin America
• Country-level forecasts from 2020-2027 covering 15 major countries from the aforementioned regions
• Weight Management submarket forecasts from 2020-2027 covering the market by product, by surgical services, by fitness equipements, and geography
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to weight management market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level weight management markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the weight management market