Weight Loss Management Industry Development And Future Trends

Market growth influenced due to following factors-

• Increasing number of bariatric surgeries.
• Growing rate of obesity, increasing prevalence of lifestyle diseases.
• Launch of new and advanced products are the factors driving the growth of the market.

Global market size-

According to market research report Weight Loss Management Market is estimated to reach $245.51 Billion by 2022, at a CAGR of 6.9%. 

Leading Players-

Prominent players in the weight loss and weight management market, by diet, include Atkins Nutritionals, Inc. (Atkins) (US), Herbalife Ltd. (Herbalife) (US), Nutrisystem Ltd. (Nutrisystem) (US), and Kellogg Company (Kellogg) (US).

Product launches accounted for the largest share of the overall growth strategies mapped from 2014–2017. Some of the leading players who adopted this strategy are Atkins Nutritionals (US), Brunswick (US), Nutrisystem (US), Weight Watchers (US), Amer Sports (Finland), Herbalife (US), and Johnson Health Technology (Taiwan).

Top Market Segments-

By equipment, the Weight Loss and Weight Management Market is segmented into fitness equipment and surgical equipment. The fitness equipment segment is estimated to register the highest growth rate during the forecast period.

Based on diet, the Weight Loss and Weight Management Market is segmented into meals, beverages, and supplements. In 2017, the beverages segment is expected to account for the largest share of the Weight Loss Management Market. Growth in this segment is majorly driven by the growing diabetic population across the globe. 

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Geographic Overview -

In 2017, North America is expected to dominate the global Weight Loss Management Market primarily due to factors such as the increasing incidence of obesity and chronic diseases, rising awareness about nutrition and healthy lifestyles, and growing number of fitness centers in the region.In 2017, Europe is expected to account for the second-largest share of this market. Rising prevalence of obesity and increasing government support and initiatives to tackle obesity-related problems are the major factors supporting the growth of the Weight Loss and Weight Management Market in this regional segment.