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Global weight loss and obesity management market to grow at a CAGR of 6.2% till 2024

Global weight loss and obesity management market to grow at a CAGR of 6.2% till 2024

The "Global Weight Loss and Obesity Management Market" is expected to reach USD 253.1 billion by 2024 from USD 156.4 billion in 2016, at a CAGR of 6.2% in the forecast period 2017 to 2024.

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Weight Loss and Obesity Management Market: Recent Developments

Obese people are increasing globally, which is leading to numerous diseases such as heart diseases, cancer, high blood pressure, hypertension and diabetes. Treatment of such diseases is quite expensive.

Obesity is a very serious medical condition in which body has excess fat deposition. Intake of too many calories, increase consumption of unhygienic fatty foods and genetic inheritance are the main causes of rising pace of obesity and chronic diseases is creating the need for obesity management and weight loss programs.

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Obesity reduces life expectancy. United States has the most obese people followed by China.

Weight Loss and Obesity Management Market: Segmentation

On the basis of dietary supplements the Global Weight Loss and Obesity Management Market is segmented into dietary food, dietary beverages and dietary supplements. The dietary food includes sugar-free confectionaries, low-calorie meals, and organic food and meal replacements.

The dietary beverages comprise of low-calorie drinks, green tea, and slimming water. The dietary supplements include fiber, protein, and conjugated tea extract.

Based on fitness equipment the weight loss and obesity management market is segmented into cardiovascular training equipment (treadmill, elliptical, stationery cycles, Rowling machines, stair steppers, others), Strength training equipment (single stations, plate loaded, free weights, benches and racks, multi-stations, accessories), Body composition analyzers, fitness monitoring equipment.

Based on Surgical equipment the weight loss and obesity management market is segmented into minimal invasive equipment (gastric bypass, laparoscopic gastric banding system, laparoscopic sleeve gastrectomy, billiopancreatic diversion surgeries, revision surgeries), noninvasive surgical equipment (intragastric balloon system, endobarrier devices, endoscopic suturing, stomaphyx).

On the basis of services the weight loss and obesity management market is segmented into facilities and programs.

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Weight Loss and Obesity Management Market: Geographic Segmentation

Based on geography the global weight loss and market is segmented into 5 geographical regions, North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The geographical regions are further segmented into major countries such as U.S.

Canada, Brazil, Argentina, Mexico, Germany, France, U.K., Belgium, Switzerland, Turkey, Japan, China, Singapore, Australia, India, Russia, South Africa and many others.

Weight Loss and Obesity Management Market: Company Share Analysis

Some of the major players operating in the global weight loss and obesity management market are Ajinomoto Co. Inc., Herbalife Ltd., Nestle SA, Pepsico Inc., Johnson Health Tech Co.

Ltd., The Coca-Cola Co., Nutrisystem Inc., Mayo Clinic, Zafgen, Weight Watchers International, Inc., Jenny Craig, eDiets, VLCC Healthcare Ltd, Slimming World, Duke Diet & Fitness Center, 24 hours Fitness, Equinox, Inc., Life Time Fitness, Inc, Fitness First Group, Town Sports International Holdings, Inc., Abbott Nutrition, GSK, Roche, Atkins Nutritionals, Brunswick, Kellogg, Merck, McNeil Nutritionals, Reebok, Unilever, Precor Inc, Ethicon Endo-surgery Inc, Allergan Inc and others.

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