The global weight loss and weight management market is expected to grow at a CAGR of nearly 6.9% during the forecast period (2021-2027). The major factors propelling the growth of the global weight loss and weight management market include the rising number of bariatric surgeries and rising prevalence of obese peoples. According to the Centers for Disease Control and Prevention, in 2018, the prevalence of obesity in adults was 42.4% in the US. According to American Society for Metabolic and Bariatric Surgery (ASMBS) data 2021, in 2019, around 256,000 people in the US went through bariatric surgery, with gastric sleeve surgery accounted for almost 59.4% of total bariatric surgeries in 2019 and Roux-en-Y bypass (RYGB) surgery accounted for 17.8% in 2019. Moreover, the government initiatives to reduce obesity will boost the growth of the market. For instance, on March 4th, 2021, the UK Government announced $117 million of funding to combat nation’s obesity crisis. This investment was done through National Health Service (NHS) and will enable 700,000 adults to lose weight.
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The key players contributing to the growth of the global weight loss and weight management market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include Atkins Nutritionals, Inc., Herbalife Ltd., Nutrisystem Ltd., Kellogg Company, Ethicon, Inc., Covidien, plc., Apollo Endosurgery, among others. For instance, in June 2021, Wegovy (semaglutide) injection was approved by the US FDA for chronic weight management in adults suffering from obesity or overweight with weight-related conditions such as type-2 diabetes, hypertension, or high blood cholesterol, for use in addition to decreased calorie diet and increased physical activity.
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Global Weight Loss and Weight Management Market – Segmentation
By Diet
Meals
Meal Replacements
Low-calorie Sweeteners
Low-calorie Food
Organic Food
Beverages
Diet Soft Drinks
Herbal Tea
Slimming Water
Other Low-calorie Beverages
Supplements
Protein
Fiber
Green Tea Extract
Conjugate Linoleic Acid
By Equipment
Fitness Equipment
Cardiovascular Training Equipment
Treadmills
Elliptical Trainers
Stationary Cycles
Rowing Machines
Stair Steppers
Other Cardiovascular Training Equipment
Strength Training Equipment
Single-station Equipment
Plate-loaded Equipment
Benches and Racks
Multistation Equipment
Free Weights
Accessories
Fitness Monitoring Equipment
Body Composition Analyzers
Surgical Equipment
Minimally Invasive Surgical Equipment
Gastric Bypass Equipment
Laparoscopic Sleeve Gastrectomy Equipment
Laparoscopic Adjustable Gastric Banding Systems
Biliopancreatic Diversion Surgery/Duodenal Switch Equipment
Revision Surgery Equipment
Noninvasive surgical equipment
Intragastric Balloon Systems
EndoBarrier
Endosuturing Devices
StomaphyX
By Service
Fitness Centers
Slimming Centers
Consulting Services
Online Weight Loss Programs
Global Weight Loss and Weight Management Market – Segmentation by Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
Rest of the World
Company Profiles
Atkins Nutritionals Inc.
Herbalife Ltd.
Nutrisystem Ltd.
Kellogg Company
Ethicon Inc.
Covidien plc.
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