The global Weight Loss and Weight Management Device market reached a value of US$ 198.6 billion in 2021. Looking ahead, the market is expected to reach $ 301.3 billion by 2027, growing at a CAGR of 7.5% between 2022 and 2027.
Weight Loss and Weight Management Device Market Overview
The increase in the number of obesity patients among the global population is the most important factor driving the growth of this market. Additionally, obesity has negative effects on health in a number of ways, including raising the risk of chronic illnesses (such as high blood pressure, cardiovascular disease, osteoarthritis, obstructive sleep apnea, certain types of cancer, depression, high blood pressure, and type 2 diabetes), which decreases life expectancy and is expected to hasten market expansion overall.
Additionally, it is anticipated that the increased popularity of junk foods and poor, sedentary lifestyle patterns would fuel market expansion. Additionally, factors including a busy schedule, physical inactivity, and rising stress support the market's expansion. Furthermore, the rising number of bariatric operations, rising number of fitness facilities, and rising acceptance of online weight reduction and weight management programs all help to cushion the market's growth throughout the projection period. The market's expansion is also anticipated to be aided by the developing nations' rising disposable income and the expanding healthcare sector.
Industry News and Updates:
January 19, 2022: Abbott launches biowearables for self-monitoring of key nutritional health indicators --
Abbott is to launch a range of “consumer biowearables” that track glucose, ketone, and lactate levels in the body enabling users to continually monitor nutritional and general health. The new Lingo biowearables will take the form of an on-body sensor ideally situated on the back of the upper arm and worn for up to two weeks. The products are not intended for medical use.
What are the major Applications, Types and Regions for Weight Loss and Weight Management Device Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
- Fitness Equipment
- Surgical Equipment
By Application, it is segmented into
- Hospitals
- Specialty Clinics
- Gyms
- Household
- Others
Weight Loss and Weight Management Device Market Regional Analysis
The Asia-Pacific weight loss and weight control diet market provides lucrative growth prospects for market competitors. This can be linked to an increase in consumer disposable income and the adoption of western lifestyles, which are the main drivers of market expansion. Additionally, this area may present opportunity for market participants to introduce premium, calorie-efficient products. In order to boost their consumer base and broaden their geographic reach, manufacturers are concentrating on growing their business in this area. Additionally, due to the high prevalence of obesity in this region, nations in Latin America like Brazil are projected to present lucrative weight loss and weight management diet market prospects during the projection period.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
The Weight Loss and Weight Management Device Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Weight Loss and Weight Management Device Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Weight Loss and Weight Management Device Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 7.5% over the forecast period (2022-2027)
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By Type
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- Fitness Equipment
- Surgical Equipment
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By Application
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- Hospitals
- Specialty Clinics
- Gyms
- Household
- Others
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By Companies
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Atkins Nutritionals, Covidien, Fitness World, Life Fitness, Life Time, Olympus, Technogym SpA, Takeda Pharmaceutical Company Ltd, Eisai Co., Ltd., Hoffmann-La Roche Ltd, VIVUS Inc., Herbalife Ltd., Apollo Endosurgery (U.S.), Amer Sports, Brunswick Corporation, Cybex International, Ethicon, Inc., Equinox, Inc., Johnson & Johnson Services, Inc., Kellogg Company, Life Time Fitness Inc., Medtronic, NutriSystem, Inc., Abbott Laboratories, Cargill, Incorporated, General Mills, Inc., Ingredion Incorporated, Nutrisystem, Inc., The Kraft Heinz Company, Pepsico, Inc., WW International, Inc.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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87
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Weight Loss and Weight Management Device Market Report
- Evaluate Weight Loss and Weight Management Device market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
- Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
- Analyze the sales and distribution channels across geographies to enhance top-line revenues.
- Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Weight Loss and Weight Management Device market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Weight Loss and Weight Management Device Market?
The Weight Loss and Weight Management Device Market is growing at a CAGR of 7.5% over the next 5 years.
Who are the key players in Weight Loss and Weight Management Device Market?
Atkins Nutritionals, Covidien, Fitness World, Life Fitness, Life Time, Olympus, Technogym SpA, Takeda Pharmaceutical Company Ltd, Eisai Co., Ltd., Hoffmann-La Roche Ltd, VIVUS Inc., Herbalife Ltd., Apollo Endosurgery (U.S.), Amer Sports, Brunswick Corporation, Cybex International, Ethicon, Inc., Equinox, Inc., Johnson & Johnson Services, Inc., Kellogg Company, Life Time Fitness Inc., Medtronic, NutriSystem, Inc., Abbott Laboratories, Cargill, Incorporated, General Mills, Inc., Ingredion Incorporated, Nutrisystem, Inc., The Kraft Heinz Company, Pepsico, Inc., WW International, Inc.
What are the significant types of Weight Loss and Weight Management Device Market?
Fitness Equipment, Surgical Equipment
What are the major end-use applications of Weight Loss and Weight Management Device Market?
Hospitals, Specialty Clinics, Gyms, Household, Others
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
