Weight Management Market - Dynamic Business Environment during 2018 – 2026
Weight management is
an approach to a attaining and maintaining a healthy lifestyle.
Weight management includes a healthy balanced diet and physical
exercise, to maintain energy intake and energy expenditure. An
individual with healthy eating habits can control under-consumption
and over-consumption of food. Fad diets that promote fast and
temporary weight loss are not included in weight management, rather
such management programs focuses on slow weight loss to attain ideal
body weight.
Globally, the obese
population is increasing, in turn, increasing the incidence of
chronic diseases such as musculoskeletal disorders, cardiovascular
diseases, hypertension, and diabetes. Treatment of such diseases is
highly expensive thus, increasing the demand for weight management
programs. According to World Health Organization (WHO) estimation, in
2016, 13% of the world’s adult population was obese, particularly
15% of women and 11% of men population globally. From 1975 to 2016,
the prevalence rate of obesity almost tripled. This in turn, is
expected to create immense potential for growth of the weight
management market.
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Global
Weight Management Market Taxonomy
On the basis
of product type, the global weight management market is segmented
into:
-
Equipment
-
Fitness Equipment
-
Cardiovascular Training Equipment
-
Strength Training Equipment
-
Body Composition Analyzers
-
Fitness Monitoring Equipment
-
-
Surgical Equipment
-
Minimally Invasive
-
Non-invasive
-
-
North
America held a dominant position in the global weight management
market
Geographically,
North America is expected to hold a dominant position in the market,
owing to increasing intake of junk food and improper lifestyle among
the populace in the region. Asia Pacific is projected to register
highest growth during the forecast period. This growth is primarily
attributed to growing awareness of management of body weight to avoid
adverse health effects among the populace coupled with emerging
medical tourism and healthcare infrastructure in the region.
The weight
management market is expected to evolve with the development of novel
technologies. For instance, in 2017, Neurovalens raised around US$
1.6 million in crowdfunding. For the development of Modius, a
headband that stimulates the brain to control metabolism and fat
storage, boosting the former, while decreasing the individual’s
appetite. Furthermore, StayWell acquired MedHelp’s health
engagement platform. The acquisition helped the company reach 3
million users of the MedHelp Company and incorporate MedHelp’s
Sugar Sense and My Diet Diary apps to its existing diabetes
management and weight loss solutions portfolios.
The global weight
management market is highly fragmented with several companies
operating locally. To increase their footprint in the market, major
players are adopting strategies such as new product launches,
partnerships, acquisitions, and agreements. In October, 2017,
EnteroMedics Inc. acquired ReShape Medical Inc. The acquisition added
ReShape Medical’s FDA-approved ReShape Dual Weight Loss Balloon, a
minimally invasive intragastric balloon to treat obese people. This
product will complement EnteroMedical’s weight loss solutions
portfolio.
Some of the key
players operating in the global weight management market include
Herbalife International Inc., NutriSystem Inc., EnteroMedical Inc.,
StayWell Inc., Weight Watchers International Inc., Brunswick
Corporation, Ethicon US LLC, Ajinomoto Co. Inc., Abbott Nutrition,
eDiets.com, Atkins Nutritionals, McNeil Nutritionals, Duke Diet and
Fitness Center, Life Time Fitness Inc., Precor Inc., Fitness First
Group, and 24 Hours Fitness.
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Management Market
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