Increasing number of bariatric surgeries, growing rate of obesity, increasing prevalence of lifestyle diseases, and launch of new and advanced products are the factors driving the growth of the Weight Loss Market.
According to a new market research report the global weight loss market size is estimated to reach USD 303.81 billion by 2027 from USD 175.94 billion in 2017, at a CAGR of 6.9%.
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The market is segmented by by Equipment (Fitness (Treadmill, Elliptical, Stair Stepper), Surgical Equipment (Biliopancreatic Diversion, Gastric Bypass)), Diet (Meal, Beverage, Supplement), Weight Loss Services & Region
Based on diet, the weight loss and weight loss market is segmented into meals, beverages, and supplements. In 2017, the beverages segment is expected to account for the largest share of the weight loss management market. Growth in this segment is majorly driven by the growing diabetic population across the globe.
By equipment, the weight loss management market is segmented into fitness equipment and surgical equipment. The fitness equipment segment is estimated to register the highest growth rate during the forecast period. The high growth in this segment can primarily be attributed to the continuous technological advancements in fitness equipment and growing accessibility to gyms.
North America is expected to dominate the global market primarily due to factors such as the increasing incidence of obesity and chronic diseases, rising awareness about nutrition and healthy lifestyles, and growing number of fitness centers in the region. In 2017, Europe is expected to account for the second-largest share of this market. Rising prevalence of obesity and increasing government support and initiatives to tackle obesity-related problems are the major factors supporting the growth of the weight management market in this regional segment.
The weight loss and weight loss market is highly competitive, with the presence of several small and large players. Some of the players operating in this market include Atkins Nutritionals (US), Herbalife (US), Nutrisystem (US), Ethicon (US), Covidien (US), Apollo Endosurgery (US), Brunswick (US), Amer Sports (Finland), Johnson Health Technology (Taiwan), Technogym (Italy), Weight Watchers (US), Jenny Craig (US), eDiets.com (US), VLCC Healthcare (India), Slimming World (UK), The Gold’s Gym (US), Duke Diet & Fitness Center (US), Equinox (US), Life Time Fitness (US), Fitness First Group (US), and Town Sports (US).
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> In 2017, Atkins collaborated with Conyers Park (Germany) to form a new holding company, The Simply Good Foods Company. This company is expected to expand its platform through investment opportunities in the snacking space and broader food category.
> In 2016, Atkins signed a partnership agreement with Chef’d to lauch a low carb meal solution for health-conscious consumers
> In 2017, Brunswick Corporation signed a partnership agreement with VirZOOM to launch the VirZOOM solution, which is expected to transform Life Fitness's Discover SE3 bikes into a virtual reality experience
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