The global Weight Management market, which was valued at $250 billion in 2019 and is expected to reach 370 billion by 2026, is expected to grow at a CAGR of roughly 7.3 percent between 2020 and 2026. The study provides a global and regional appraisal and analysis of the Weight Management industry. The analysis gives a detailed review of the industry rivalry, constraints, sales forecasts, avenues, present & developing trends, and industry-validated market data. The research provides historical data from 2017 to 2019, as well as a forecast based on value from 2020 to 2026. (USD Billion).
Weight management is the process of embracing long-term lifestyle adjustments in order to maintain a healthy body mass index depending on an individual’s age, gender, and height. With obesity and overweight rates rising dramatically among the global population, the need for weight-management activities is projected to rise in the future years. According to NCBI, almost 1.9 billion adults were reported to be overweight in 2016, with nearly 650 million of this overweight population being obese. Furthermore, NIH researchers discovered that this overweight adult group is predisposed to type 2 diabetes, heart disease, obstructive sleep apnea, fatty liver disease, musculoskeletal dysfunction, and a variety of cancers. This also has a negative impact on life quality along with raising the need for proficient weight management activities.
Market Growth Dynamics
The rapid advancement of electronic health systems and mobile health systems is expected to boost the weight management industry’s growth over the forecasted timeframe. Aside from that, the digitization of healthcare services has quickly addressed the demand for lifestyle adjustment to treat people’s weight issues, which will expand the market size. Furthermore, the expanding integration of smart technology, AI, IoT, and Big Data, as well as healthcare activities, will accelerate the growth of the weight management business over the projection period. Obesity-related high blood pressure, heart failures, and orthopaedic problems will increase market profits over the assessment period.
Furthermore, the Centers for Disease Control (CDC) reports that type 2 diabetes mellitus affects approximately 29.1 million adults in the United States. 8.1 million of the adult population in the United States remains undiagnosed. It has been noticed that an increase in the proportion of obesity has led in the prevalence of type 2 diabetes mellitus, with two-thirds of the adult population in the United States being fat and hence prone to the type 2 diabetes mellitus disease. Furthermore, diabetes preventive programme studies conducted by the CDC in the United States discovered a significant weight loss among the obese adult population following lifestyle intervention, consequently reducing the chance of developing type 2 diabetes mellitus. All of these measures are expected to chart a successful growth path for the weight management sector in the future years. Furthermore, commercial weight loss programmes in the United States and other countries will make significant contributions to market revenues in the next years. Furthermore, the necessity to reduce type 2 diabetic mellitus management charges will aid in the business’s profitable spike throughout the forecasted timeline.
North America Will Command The Majority of Total Market Revenue By 2026.
The expansion of the market in North America throughout the evaluation timeframe is due to an increase in the obsessive population in countries such as the United States. Furthermore, greater public awareness of the importance of staying fit and healthy will result in increased demand for weight-management activities. Apparently, changes in lifestyle have resulted in an increase in the rate of obesity in countries such as Canada and the United States. This, in turn, has paved the way for increased demand in weight management programmes to control obesity, driving regional market trends.
Key players leveraging the business growth include eDiets.com, Ethicon Endo-Surgery, Inc., Herbalife International, Inc., Ethicon US, LLC, NutriSystem, Inc., Weight Watchers International, Inc., Brunswick Corporation, and Gold’s Gym.
This report segments the global weight management market into:
Global Weight Management Market: Diet Analysis
Global Weight Management Market: Equipment Analysis
Cardiovascular Training Equipment
Strength Training Equipment
Minimally Invasive/Bariatric Equipment
Non-Invasive Surgical Equipment
Global Weight Management Market: Service Analysis
Online Weight Loss Services
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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