BANGALORE, India, February 28, 2022 /PRNewswire/ — The Global weight loss market is segmented by Type (Fitness Equipment, Cardiovascular Training Equipment, Strength Training Equipment, Fitness Monitoring Equipment, Body Composition Analyzers, Surgical Equipment, Minimally Invasive Surgical Equipment, Non-Invasive Surgical Equipment), by Application ( man, woman): opportunity analysis and industry forecast, 2022-2028. It is published in Appreciate the reports under the Health Category.
The Global Weight Loss Market Size is Expected to Reach 274030 million USD by 2028, $166,990 million in 2021, at a CAGR of 6.9% over the period 2022-2028.
The major factors driving the growth of the weight loss market are:
The global weight loss market is expected to grow in the coming years as people become more aware of their health and wellness. The large consumer base is a key driver for the growth of the global weight loss services market, and it will continue to be so as the global population grows.
Childhood obesity is on the rise due to factors such as lack of physical activity and poor eating habits which are further expected to increase the growth of the weight loss market.
Increased adoption of online weight loss and weight management programs, increased disposable income in developing economies, sedentary lifestyles, and government initiatives to raise awareness among obese populations.
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TRENDS INFLUENCING THE GROWTH OF THE WEIGHT LOSS MARKET
The weight loss market is expected to grow owing to growing consumer demand for weight loss products along with increased consumer awareness. Additionally, rising per capita income in developing countries is fueling the growth of the weight loss market as people have more money to spend on weight loss equipment, treatments, and changes food.
Obesity in children is increasingly common around the world due to factors such as lack of physical activity and poor dietary habits. It is extremely rare for childhood obesity to be caused by hormonal problems. The total number of hours of inactivity among children increases as they spend more time watching television and playing computer games. The demand for more nutritious and better balanced diets is expected to increase worldwide. As a result, players in the weight loss and weight management products and services market will have significant growth opportunities.
Previously, bariatric surgery/weight loss surgery was considered the last resort for weight loss after diet, exercise, and other doctor-prescribed programs failed. Bariatric surgeries, on the other hand, have become less painful for patients thanks to advances in technology. As a result, the medical community is increasingly accepting these surgeries as an effective and long-lasting alternative to other weight loss methods. This factor, combined with rising obesity rates, has led to an increase in the number of bariatric surgeries performed worldwide. This in turn is expected to drive the growth of the weight loss market.
Additionally, sedentary lifestyles and busy schedules, combined with the COVID19 outbreak, are driving an increase in the number of people working out, paving the way for the growth of the weight loss market.
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WEIGHT LOSS MARKET SHARE ANALYSIS
Based on type, fitness equipment should be the most lucrative. People’s increasing awareness of health and fitness is having a positive impact on the market.
Based on the region, North America should be the most lucrative segment. Moreover, the regional market is expected to be boosted in the coming years by the awareness of the importance of leading a healthy lifestyle and the presence of key companies. Due to the presence of leading companies, United States held the largest share of the North American market.
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- Ethicon (subsidiary of Johnson & Johnson)
- Weight Watchers
- American sports
- Apollo Endosurgery
- Com (a wholly owned subsidiary of As Seen On TV)
- Jenny Craig (Subsidiary of North Castle Partners)
- Johnson Health Technology
- Gold gymnasium.
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– The Weight Loss and Weight Management Diets Market size was estimated at $192.2 billion in 2019, and should reach $295.3 billion by 2027, registering a CAGR of 7.0% from 2021 to 2027.
– The Global treadmill market size was estimated at $3,284.8 million in 2020, and should reach $5,932.0 million by 2030, registering a CAGR of 5.1%.
– The Global fitness equipment market the size was $11.6 billion in 2020, and should reach $14.8 billion by 2028, registering a CAGR of 3.3% from 2021 to 2028.
– Due to the COVID-19 pandemic, the weight loss ingredients market the size is estimated at the value $26,890 million in 2022 and should have a readjusted size of $32,330 million by 2028 with a CAGR of 3.1% during the reporting period.
– Global Weight Loss Apps Market Overview, Forecast to 2028
– Global Weight Loss and Diet Management Products and Services Market Overview and Forecast to 2028
– Key Global Diet Pill Trends and Opportunities to 2027
– Global Mobile Weight Loss Market Size, Status and Forecast 2021-2027
– Global Weight Loss and Obesity Management Market Overview, Forecast to 2028
– Global Body Composition Analyzers Market Overview and Forecast to 2028
– Global Weight Loss Fitness Equipment Market Overview, Forecast to 2028
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