Weight Loss And Obesity Management Market
Weight Loss and Obesity Management Market Forecasts to 2030 - Global Analysis By Product Type (Drugs, Devices and Other Product Types), Age Group (Under 18 Years, 18 To 35 Years, 35 To 50 Years and Above 50 Years), Equipment (Cardiovascular Training Equipment, Fitness Equipment, Strength Training Equipment, Surgical Equipment and Other Equipments), Service, Distribution Channel, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $282.9 BN |
|
Projected Year Value (2030) |
US $554.9 BN |
|
CAGR (2023 - 2030) |
10.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global Weight Loss and Obesity Management Market is accounted for $282.9 billion in 2023 and is expected to reach $554.9 billion by 2030 growing at a CAGR of 10.1% during the forecast period. Technologies and drugs that assist obese or overweight people in losing weight or maintaining their weight are included in the weight loss and obesity management market. Fundamentally, obesity is a long-term medical condition characterized by abnormal fat deposition and accumulation in the body. The Body Mass Index, or BMI, is used to compute it. Some of the methods used to address weight loss and obesity include medications, exercise, nutritional supplements, and weight reduction surgery.
According to a report published by Trust for America's Health, a health policy organization, in 2021, the nation’s obesity crisis found that 19 states have obesity rates over 35 percent in U.S.
Market Dynamics:
Driver:
Increasing obesity rates
With a surge in sedentary lifestyles, unhealthy dietary habits, and environmental factors conducive to weight gain, the prevalence of obesity has reached alarming levels. As individuals become increasingly aware of the health risks associated with obesity, including cardiovascular diseases, diabetes, and certain types of cancer, there is a growing demand for effective weight management solutions. This demand fuels the development and adoption of various interventions, ranging from lifestyle modification programs to pharmaceuticals and surgical procedures.
Restraint:
High costs
The expenses associated with weight loss programs, including medications, surgery, counseling, and specialized diets, can pose a barrier to individuals seeking help, particularly those with lower incomes or inadequate health insurance coverage. The financial burden of these interventions often deters individuals from pursuing professional assistance or adhering to prescribed treatment plans. However, the lack of comprehensive insurance coverage for weight loss services further exacerbates the issue, leaving many individuals unable to afford essential treatments. As a result, disparities in access to care widen, perpetuating inequalities in health outcomes related to obesity.
Opportunity:
Technological advancements
Innovative technologies offer diverse solutions, ranging from wearable fitness trackers and mobile applications to advanced surgical techniques and pharmaceutical interventions. These advancements enable personalized and precise strategies for weight loss and obesity management, catering to individual needs and preferences. Digital health platforms provide real-time monitoring, data analysis, and behavior tracking, empowering individuals to make informed decisions about their health and lifestyle choices.
Threat:
Lack of effective long-term solutions
While numerous weight loss interventions exist, sustaining weight loss over the long term remains a significant challenge for many individuals. Fad diets, supplements and temporary lifestyle changes often yield initial results, but they frequently fail to provide lasting benefits. This lack of sustained efficacy undermines consumer confidence and hinders the growth of the market. Moreover, obesity is a complex condition with multifactorial causes, including genetic, environmental, and behavioral factors, making it difficult to develop universally effective treatments.
Covid-19 Impact:
Lockdowns, restrictions on movement, and social distancing measures led to disrupted routines, reduced physical activity, and increased sedentary behavior among populations worldwide. Stress, anxiety, and uncertainty further contributed to unhealthy eating habits and weight gain for many individuals. Conversely, some individuals used the pandemic as an opportunity to prioritize their health and focus on weight loss goals. Telehealth and virtual consultations surged in popularity, enabling remote access to healthcare professionals and weight management programs.
The fitness equipment segment is expected to be the largest during the forecast period
Fitness Equipment segment is expected to hold the largest share during the forecast period. With the rising awareness of the health risks associated with obesity, there's an increasing demand for convenient and effective ways to manage weight. Fitness equipment such as treadmills, stationary bikes, elliptical trainers, and weight lifting machines provide users with versatile options for engaging in physical activity tailored to their preferences and abilities. This accessibility and versatility of fitness equipment empower individuals to take proactive steps towards achieving their weight loss goals, thereby driving growth within the market.
The slimming centers segment is expected to have the highest CAGR during the forecast period
Slimming Centers segment is positioned to witness the profitable growth throughout the overcast period as it offers personalized, comprehensive programs tailored to individual needs, including diet plans, exercise routines, and often, medical supervision. With rising awareness about health and fitness, coupled with the increasing prevalence of obesity, more people are turning to slimming centers for professional guidance and support in achieving their weight loss goals.
Region with largest share:
Asia Pacific region dominated the largest share of the market throughout the estimated period. As awareness grows regarding the adverse effects of obesity on health, individuals are seeking tailored solutions that cater to their specific needs and circumstances. Personalized healthcare approaches, such as genetic testing, customized diet plans, and targeted exercise regimens, are gaining traction as they offer more effective and sustainable results compared to generic treatments. Moreover, wearable fitness devices and mobile health apps, empower individuals to monitor their progress and make informed decisions about their health journey.
Region with highest CAGR:
Europe region is poised to hold lucrative growth over the projection period. As individuals in these regions attain higher levels of income, they tend to prioritize health and wellness, including efforts to manage weight and combat obesity. This burgeoning demand has had a notable impact on the European market for weight loss and obesity management products and services. European companies in this sector are capitalizing on the opportunity by expanding their operations and distribution networks to cater to the growing demand from developing countries. As a result, these elements are boosting the regional growth.
Key players in the market
Some of the key players in Weight Loss and Obesity Management market include Allergan Plc, Allurion Technologies Inc, Amgen Inc, Apollo Endosurgery, Inc, Aspire Bariatrics, Eisai Co., Ltd, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Herbalife International of America, Inc, Medtronic, Novo Nordisk A/S, ReShape Lifesciences, Inc, Rhythm Pharmaceuticals, Inc and Takeda Pharmaceutical Company Limited.
Key Developments:
In March 2023, PRISTYN CARE, a healthcare service provider, announced that it has entered into a strategic partnership with Allurion, a company developing a medical device for weight loss, in order to offer a weight-loss and obesity care platform.
In December 2022, Amgen Inc., announced new Phase 1 data from AMG 133, a novel bispecific glucose-dependent insulinotropic polypeptide receptor (GIPR) antagonist and glucagon-like peptide-1 (GLP-1) receptor agonist molecule. This first-in-human study was designed to evaluate the safety, tolerability, pharmacokinetic, and pharmacodynamic effects of AMG 133 in people with obesity and without diabetes.
Product Types Covered:
• Drugs
• Devices
• Other Product Types
Age Groups Covered:
• Under 18 Years
• 18 To 35 Years
• 35 To 50 Years
• Above 50 Years
Equipments Covered:
• Cardiovascular Training Equipment
• Fitness Equipment
• Strength Training Equipment
• Surgical Equipment
• Other Equipments
Services Covered:
• Consulting Services
• Slimming Centers
• Fitness Centers
• Online Weight Loss Programs
• Other Services
Distribution Channels Covered:
• Retail Sales
• Pharmaceutical Stores
• Hypermarket/ Supermarket
• Other Distribution Channels
End Users Covered:
• Hospitals
• Ambulatory Surgery Centres
• Weight Loss Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Weight Loss and Obesity Management Market, By Product Type
5.1 Introduction
5.2 Drugs
5.2.1 Combination Drugs
5.2.2 Serotonin Receptor Agonists
5.2.3 Lipase Inhibitors
5.2.4 GLP-1 Receptor Agonists
5.2.5 Centrally Acting Drugs
5.2.6 Other Drugs
5.3 Devices
5.3.1 Gastric Electrical Stimulation Systems
5.3.2 Gastric Emptying Systems
5.3.3 Gastric Balloon Systems
5.3.4 Gastric Bands
5.3.5 Bariatric Stapling Devices
5.3.6 Other Devices
5.4 Other Product Types
6 Global Weight Loss and Obesity Management Market, By Age Group
6.1 Introduction
6.2 Under 18 Years
6.3 18 To 35 Years
6.4 35 To 50 Years
6.5 Above 50 Years
7 Global Weight Loss and Obesity Management Market, By Equipment
7.1 Introduction
7.2 Cardiovascular Training Equipment
7.3 Fitness Equipment
7.4 Strength Training Equipment
7.5 Surgical Equipment
7.6 Other Equipments
8 Global Weight Loss and Obesity Management Market, By Service
8.1 Introduction
8.2 Consulting Services
8.3 Slimming Centers
8.4 Fitness Centers
8.5 Online Weight Loss Programs
8.6 Other Services
9 Global Weight Loss and Obesity Management Market, By Distribution Channel
9.1 Introduction
9.2 Retail Sales
9.3 Pharmaceutical Stores
9.4 Hypermarket/ Supermarket
9.5 Other Distribution Channels
10 Global Weight Loss and Obesity Management Market, By End User
10.1 Introduction
10.2 Hospitals
10.3 Ambulatory Surgery Centres
10.4 Weight Loss Clinics
10.5 Other End Users
11 Global Weight Loss and Obesity Management Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Allergan Plc
13.2 Allurion Technologies Inc
13.3 Amgen Inc
13.4 Apollo Endosurgery, Inc
13.5 Aspire Bariatrics
13.6 Eisai Co., Ltd
13.7 F. Hoffmann-La Roche Ltd
13.8 GlaxoSmithKline plc
13.9 Herbalife International of America, Inc
13.10 Medtronic
13.11 Novo Nordisk A/S
13.12 ReShape Lifesciences, Inc
13.13 Rhythm Pharmaceuticals, Inc
13.14 Takeda Pharmaceutical Company Limited
List of Tables
1 Global Weight Loss and Obesity Management Market Outlook, By Region (2021-2030) ($MN)
2 Global Weight Loss and Obesity Management Market Outlook, By Product Type (2021-2030) ($MN)
3 Global Weight Loss and Obesity Management Market Outlook, By Drugs (2021-2030) ($MN)
4 Global Weight Loss and Obesity Management Market Outlook, By Combination Drugs (2021-2030) ($MN)
5 Global Weight Loss and Obesity Management Market Outlook, By Serotonin Receptor Agonists (2021-2030) ($MN)
6 Global Weight Loss and Obesity Management Market Outlook, By Lipase Inhibitors (2021-2030) ($MN)
7 Global Weight Loss and Obesity Management Market Outlook, By GLP-1 Receptor Agonists (2021-2030) ($MN)
8 Global Weight Loss and Obesity Management Market Outlook, By Centrally Acting Drugs (2021-2030) ($MN)
9 Global Weight Loss and Obesity Management Market Outlook, By Other Drugs (2021-2030) ($MN)
10 Global Weight Loss and Obesity Management Market Outlook, By Devices (2021-2030) ($MN)
11 Global Weight Loss and Obesity Management Market Outlook, By Gastric Electrical Stimulation Systems (2021-2030) ($MN)
12 Global Weight Loss and Obesity Management Market Outlook, By Gastric Emptying Systems (2021-2030) ($MN)
13 Global Weight Loss and Obesity Management Market Outlook, By Gastric Balloon Systems (2021-2030) ($MN)
14 Global Weight Loss and Obesity Management Market Outlook, By Gastric Bands (2021-2030) ($MN)
15 Global Weight Loss and Obesity Management Market Outlook, By Bariatric Stapling Devices (2021-2030) ($MN)
16 Global Weight Loss and Obesity Management Market Outlook, By Other Devices (2021-2030) ($MN)
17 Global Weight Loss and Obesity Management Market Outlook, By Other Product Types (2021-2030) ($MN)
18 Global Weight Loss and Obesity Management Market Outlook, By Age Group (2021-2030) ($MN)
19 Global Weight Loss and Obesity Management Market Outlook, By Under 18 Years (2021-2030) ($MN)
20 Global Weight Loss and Obesity Management Market Outlook, By 18 To 35 Years (2021-2030) ($MN)
21 Global Weight Loss and Obesity Management Market Outlook, By 35 To 50 Years (2021-2030) ($MN)
22 Global Weight Loss and Obesity Management Market Outlook, By Above 50 Years (2021-2030) ($MN)
23 Global Weight Loss and Obesity Management Market Outlook, By Equipment (2021-2030) ($MN)
24 Global Weight Loss and Obesity Management Market Outlook, By Cardiovascular Training Equipment (2021-2030) ($MN)
25 Global Weight Loss and Obesity Management Market Outlook, By Fitness Equipment (2021-2030) ($MN)
26 Global Weight Loss and Obesity Management Market Outlook, By Strength Training Equipment (2021-2030) ($MN)
27 Global Weight Loss and Obesity Management Market Outlook, By Surgical Equipment (2021-2030) ($MN)
28 Global Weight Loss and Obesity Management Market Outlook, By Other Equipments (2021-2030) ($MN)
29 Global Weight Loss and Obesity Management Market Outlook, By Service (2021-2030) ($MN)
30 Global Weight Loss and Obesity Management Market Outlook, By Consulting Services (2021-2030) ($MN)
31 Global Weight Loss and Obesity Management Market Outlook, By Slimming Centers (2021-2030) ($MN)
32 Global Weight Loss and Obesity Management Market Outlook, By Fitness Centers (2021-2030) ($MN)
33 Global Weight Loss and Obesity Management Market Outlook, By Online Weight Loss Programs (2021-2030) ($MN)
34 Global Weight Loss and Obesity Management Market Outlook, By Other Services (2021-2030) ($MN)
35 Global Weight Loss and Obesity Management Market Outlook, By Distribution Channel (2021-2030) ($MN)
36 Global Weight Loss and Obesity Management Market Outlook, By Retail Sales (2021-2030) ($MN)
37 Global Weight Loss and Obesity Management Market Outlook, By Pharmaceutical Stores (2021-2030) ($MN)
38 Global Weight Loss and Obesity Management Market Outlook, By Hypermarket/ Supermarket (2021-2030) ($MN)
39 Global Weight Loss and Obesity Management Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
40 Global Weight Loss and Obesity Management Market Outlook, By End User (2021-2030) ($MN)
41 Global Weight Loss and Obesity Management Market Outlook, By Hospitals (2021-2030) ($MN)
42 Global Weight Loss and Obesity Management Market Outlook, By Ambulatory Surgery Centres (2021-2030) ($MN)
43 Global Weight Loss and Obesity Management Market Outlook, By Weight Loss Clinics (2021-2030) ($MN)
44 Global Weight Loss and Obesity Management Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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