Weight Loss Management Market Growth - Increasing Prevalence of Lifestyle Diseases
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%.
The Weight Loss Management Market is highly competitive, with the presence of several small and large players. Some of the players operating in this market include Atkins Nutritionals (US), Herbalife (US), Nutrisystem (US), Ethicon (US), Amer Sports (Finland), Johnson Health Technology (Taiwan), Covidien (US), Apollo Endosurgery (US), Brunswick (US), Technogym (Italy), Weight Watchers (US), Jenny Craig (US), eDiets.com (US), VLCC Healthcare (India), Slimming World (UK), The Gold’s Gym (US), Duke Diet & Fitness Center (US), Equinox (US), Life Time Fitness (US), Fitness First Group (US), and Town Sports (US).
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 and weight management market. Growth in this segment is majorly driven by the growing diabetic population across the globe.
Based on service, the weight loss and weight management market is further segmented into fitness centers, slimming centers, consulting services, and online weight loss programs. The service segment is expected to grow at the highest CAGR during the forecast period.
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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 management market in this regional segment.