NEWARK, Dell, July 12, 2022 (GLOBE NEWSWIRE)-According to a recently released market research, the global weight management market is recording a CAGR of 7.7% during the forecast period from 2022 to 2032. , Reported by FutureMarketInsights, expected to secure US $ 725.6 billion. Increasing adoption of sedentary lifestyles is expected to drive the global weight management market.
According to the Institute of Health Metric and Evaluation, 30% of the world’s population is obese. Obesity is one of the major health challenges in developed and developing countries. In addition, increasing volume of obesity surgery and increasing adoption of online weight loss and management programs are expected to have a positive impact on the industry during the forecast period.
Increasing the prevalence of obesity among the expanding population is expected to drive market expansion during the forecast period. By 2030, one billion people worldwide will be obese, including one in five women and one in seven men, according to the World Obesity Atlas 2022. This significant increase in the number of obese patients is expected to increase the demand for efficient weight. Management system. In addition, increasing awareness of weight management and obesity in developing countries is expected to drive future market growth.
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Increased strategic collaboration between players is expected to drive market growth during the forecast period. In September 2019, Currax Pharmaceuticals announced the acquisition of Nalpropion Pharmaceuticals. The acquisition adds the Contrave anti-obesity drug to Currax’s product portfolio. Similarly, in November 2019, Novo Nordisk worked with UNICEF to prevent obesity in children. Such partnerships between players are expected to benefit the growth of the industry during the prediction interval.
The lack of awareness of obesity and the inability to qualify for premium health clubs among developing countries is expected to have a negative impact on the market over the next period. According to IQVIA, only 2% of the obese population is treated with prescription drugs. In addition, the presence of a limited number of market players is another factor that hinders expansion. However, increased disposable income and increased awareness of weight loss and management alternatives can drive market growth during the prediction interval.
Important points from market research
- Weight management market to secure US $ 725.6 billion during the forecast period from 2022 to 2032.
- By equipment, the fitness equipment segment is expected to grow at a CAGR of 7.6% during the forecast period.
- U.S.-dominated weight management market with US $ 250 billion by 2032
- China’s weight management industry is expected to grow at a maximum CAGR of 6.8% during the forecast period
- Japan’s weight management market is estimated to reach US $ 41.1 billion by 2032.
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“The increasing number of obesity cases and growing concerns about the health of the baby boomer generation are expected to drive future market expansion,” said an FMI analyst.
Competition analysis
Leading companies in the industry include Herbalife Nutrition Ltd., NutriSystem, Inc., Weight Watchers International, Inc., eDiets.com, Inc., and Brunswick Corporation. The main developments in the market are:
- In June 2022, Herbalife Nutrition entered into a sports nutrition partnership with Blake Wesley, a Notre Dame shooting guard training at the Herbalife Nutrition Impact Basketball Center.
- In January 2021, the well-known nutrition company Herbalife Nutrition announced that it had signed an agreement to buy back about $ 600 million of its common stock, which is favorably owned by Karl C. Ikarn and some of its affiliates, for $ 48. Did. / 05 per share.
- In December 2020, Kainos Capital, a company specializing in food and consumer business management, completed the acquisition of Nutrisystem from Tivity Health for US $ 575 million. MSD Partners, LP’s Private Capital Group has partnered with Kainos Capital in trading in the form of preferred and common stock investments.
More valuable insights
With its new product, Future Market Insights presents a fair analysis of the global weight management market, historical analysis from 2015 to 2021 and forecast statistics from 2022 to 2032.
In this study, diets (food, beverages, supplements), equipment (fitness equipment, surgical equipment), services (fitness, slimming centers, consulting services, online weight loss services), and regions (North America, Europe, Asia Pacific, Middle East and Africa, Latin America).
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Key segments profiled in the Global Weight Management Market Report
Global Weight Management Market by Diet:
- Weight management diet
- Weight management beverage
- Weight management supplement
Global weight management market by device:
- Weight management fitness equipment
- Weight management surgical equipment
Global Weight Management Market by Service:
- Weight management for the entire fitness center
- Weight management for the entire slimming center
- Weight management consultation service
- Weight management with online weight loss service
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table of contents
1.executive summary
1.1.Global market outlook
1.2.Statistics summary
1.3.Key market characteristics and attributes
1.4.Analysis and recommendations
2. Market overview
2.1.Market coverage / classification method
2.2.Market definition / scope / limitation
3. Market risk and trend assessment
3.1.risk assessment
3.1.1. COVID-19 crisis and impact on weight management demand
3.1.2.COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on market value (US $ Mn)
3.1.4.Evaluation by major countries
3.1.5.Valuation by key market segment
3.1.6.Action points and recommendations to suppliers
3.2.Key trends affecting the market
3.3.Trends in pharmaceutical and product development
4. Market background
4.1.Weight management market by major country
4.2. Weight Management Market Opportunity Assessment (US $ Mn)
4.2.1.Total available markets
4.2.2.Serviceable and available market
4.2.3.Serviceable and available market
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Future Market Insights’ healthcare team aims to provide reliable insights and accurate results to assist clients around the world with expert analysis, time-efficient research, and strategic recommendations. Provide. With a repertoire of over 100 reports and over 1 million data points, the team has over a decade of clear analysis of the industry in more than 50 countries. The team provides a brief analysis of key trends such as competitive environment, rates of return and R & D efforts.
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