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Weight Loss and Weight Management Market Growth Analysis, Industry Size-Share, Regional Outlook, Top Vendors, Business Revenues, Product Scope, Impact of Covid-19 Recovery and Forecast 2022 to 2031

Kenneth Research recently added a report on ‘Weight Loss and Weight Management Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Weight Loss and Weight Management Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Weight Loss and Weight Management Market products.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The global Weight Loss and Weight Management Market was valued at USD 254.11 billion in 2016 and is projected to reach USD 432.97 billion by 2025, growing at a CAGR of 6.1% from 2017 to 2025. With major changes in lifestyle of people all over the globe, there is increase in cases of obesity and diseases. There is more awareness regarding fitness and health parameters forcing people to opt for weight and diet management programs. All these factors contribute to the rising numbers of this market in terms of revenue and income.

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Market Dynamics:
1. Market Drivers
1.1 Increasing cases of obesity
1.2 Growing number of bariatric surgeries
1.3 Growing chances of lifestyle diseases
1.4 New and advanced technologies and products

2. Market Restraints
2.1 High Cost of diet Food
2.2 Frauds and Deceptive marketing strategies

Market Segmentation:
1. Global Weight Loss and Weight Management Market, by Services:
1.1 Fitness Centers and Health Clubs
1.2 Slimming Centers and Commercial Weight Loss Centers
1.3 Consulting Services
1.4 Online Weight Loss Programs

2. Global Weight Loss and Weight Management Market, by Equipment:
2.1 Fitness Equipment
2.1.1 Cardiovascular Training Equipment
2.1.1.1 Treadmills
2.1.1.2 Elliptical Trainers
2.1.1.3 Stationary Cycles
2.1.1.4 Rowing Machines
2.1.1.5 Stair Steppers
2.1.1.6 Other Cardiovascular Training Equipment
2.1.2 Strength Training Equipment
2.1.2.1 Single-Station Equipment
2.1.2.2 Plate-Loaded Equipment
2.1.2.3 Benches and Racks
2.1.2.4 Multi station Equipment
2.1.2.5 Free Weights
2.1.2.6 Accessories
2.1.3 Fitness Monitoring Equipment
2.1.4 Body Composition Analyzers
2.2 Surgical Equipment
2.2.1 Minimally Invasive Surgical Equipment
2.2.1.1 Gastric Bypass Surgery Equipment
2.2.1.2 Laparoscopic Sleeve Gastrectomy Equipment
2.2.1.3 Laparoscopic Adjustable Gastric Banding Systems
2.2.1.4 Biliopancreatic Diversion Surgery/Duodenal Switch Equipment
2.2.1.5 Revision Surgery Equipment
2.2.2 Noninvasive Surgical Equipment
2.2.2.1 Intra gastric Balloon Systems
2.2.2.2 Endo barrier Devices
2.2.2.3 Endo suturing Devices
2.2.2.4 Stomaphyx

3. Global Weight Loss and Weight Management Market, by Diet:
3.1 Meals
3.1.1 Meal Replacements
3.1.2 Low Calorie Foods
3.1.3 Organic Food
3.1.4 Low Calorie Sweetener
3.2 Beverages
3.2.1 Herbal Tea
3.2.2 Slimming Water
3.2.3 Diet Soft Drinks
3.2.4 Others
3.3 Supplements
3.3.1 Protein Supplements
3.3.2 Fiber Supplements
3.3.3 Green Tea Extracts
3.3.4 Conjugated Linoleic Acid

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4. Global Weight Loss and Weight Management Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Atkins
2. Brunswick
3. Ethicon (Subsidiary of Johnson & Johnson)
4. Nutrisystem
5. Weight Watchers
6. Amer Sports
7. Apollo Endosurgery
8. Covidien (Wholly-Owned Subsidiary of Medtronic PLC)
9. Ediets.Com (A Wholly Owned Subsidiary of as Seen on Tv)
10. Herbalife
11. Jenny Craig (Subsidiary of North Castle Partners)
12. Johnson Health Tech
13. Kellogg
14. Technogym
15. Gold’s Gym

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Weight Loss and Weight Management Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.

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