Global Weight Management Market By Diet (Meals, Beverages, Supplements), By Equipment (Fitness Equipment, Surgical Equipment), By Services (Fitness Centers, Consultation Services, Sliming Centers, Online Weight Loss Programs) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Global Weight Management Market accounted to USD 152.6 billion in 2016 growing at a CAGR of 6.7% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Major players operating in this market are:
- Weight Watchers International, Inc.
- Jenny Craig
- VLCC Healthcare Ltd.
- Slimming World
- The Gold’s Gym International
- Duke Diet & Fitness Center
- 24 hours Fitness
- Equinox, Inc.
- Life Time Fitness Inc.
- Fitness First Group
- Town Sports International Holdings, Inc.
- Herbalife International, Inc.
- NutriSystem, Inc.
- Brunswick Corporation
- Ethicon US, LLC
The global weight management market is segmented on the basis of diet, equipment, services and geography.
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On the basis of Diet the market for weight management is segmented into meals, beverages and supplements.
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Meals are further segmented into meal replacements, low calorie diet and low calorie sweeteners. Beverages are segmented into low calorie beverages/ diet soft drinks, herbal tea/ green tea, slimming water and other low calorie beverages.
Supplements are segmented into fiber, protein, green tea extract and conjugate linoleic acid.
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Based on Equipment the market for weight management is segmented into fitness equipment and surgical equipment Fitness equipment is segmented into cardiovascular training equipment and strength training equipment. Cardiovascular training equipment is further sub-segmented into treadmills, elliptical trainers, stationery cycles, rowing machines, stair steppers and others.
Strength training equipment is further segmented into single stations, plate loaded, free weights, benches & racks, multistation and accessories. Surgical equipment is segmented into minimally invasive and non-invasive surgical equipment.
Minimally invasive equipment is further sub segmented into gastric bypass, laparoscopic gastric banding systems, laparoscopic sleeve gastrectomy, biliopancreatic diversion surgeries and revision surgeries. Non-invasive surgical equipment is further sub segmented into intragastric balloon system, endobarrier, endoscopic suturing and stomaphy X.
On the basis of services the weight management market is segmented into fitness centers, slimming centers, consulting services and online weight loss programs.
Based on Geography the market covers 5 geographies:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Market Drivers and Restraints:
- Growing prevalence of obese population
- Rising awareness regarding health and fitness
- Government initiatives for promoting good health
- Technological advancements
- Increase in the number of chronic diseases
- High disposable income
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