Obesity is a medical condition characterized by excessive accumulation and storage of fats within the body. The condition has a variety of effects on an individual's health, including the increase in the risk of chronic diseases and shortening one's life expectancy. Health and weight management programs offer a variety of diets, equipment, and medicines used to regulate or reduce weight in obese people. Diet is becoming more popular as a weight loss and management method across the globe.
COVID-19 Impact Analysis
COVID-19 has had a significant impact on the fitness industry. The governments’ mandated temporary shutdown of all non-essential businesses, including gyms and health clubs, in 2020 disrupted the supply-demand system for fitness equipment globally. The market is expected impact throughout the pandemic period, given the increased instances of COVID-19 and its significant impact on healthcare systems globally. As the risks and effects of morbid obesity and surgery during the COVID-19 pandemic are significant, doctors and patients are finding virtual consultation and telemedicine suitable options for continuing the weight loss programs.
Top Impacting Factors
- The increase in obese population, the increase in the number of bariatric surgeries, and the surge in adoption of online weight loss and weight management programs are boosting the market growth.
- The rise in disposable income in developing economies and the increase in government initiatives for creating awareness among obese population also boosts the market growth.
- The increase in the prevalence of chronic diseases, such as hypertension and diabetes caused by the rise in adoption of unhealthy and sedentary lifestyles, accelerates the market growth.
- In addition, increasingly hectic routine and growing stress are causing people to consume fast food, which are leading to unhealthy effects on the body. Thus, all these factors together fuel the market growth.
- The prevalence of childhood obesity is increasing globally, which provides significant growth opportunities for players in the market.
- However, high costs associated with low-calorie diets and issues with deceptive marketing practices are factors expected to obstruct the market growth.
Market Trends
New Product Launches to Flourish Health and Weight Management Market
In June 2021, the U.S. Food and Drug Administration (USFDA) approved Wegovy (semaglutide) injection (2.4 mg once weekly) for chronic weight management in adults with obesity or overweight with at least one weight-related condition (such as high blood pressure, type 2 diabetes, or high cholesterol), for use in addition to a reduced calorie diet and increased physical activity.
In October 2020, Novo Nordisk’s Saxenda was recommended by the National Institute for Health and Care Excellence (NICE) for use on the NHS (National Health Services) in England for adults, making it the first pharmacotherapy to be endorsed by NICE for weight management in almost a decade.
Bariatric surgery/weight loss surgery is the last resort for weight loss when diets, exercise, and other medically advised regimens fail. Bariatric operations have become less painful for patients as a result of technical developments. As a result, healthcare professionals are increasingly accepting these surgeries as a viable and long-lasting alternative to traditional weight-loss methods. For instance, according to the American Society for Metabolic and Bariatric Surgeries, in the U.S., the total number of bariatric procedures done surged to 196,000 in 2015, up from 158,000 in 2011. As a result, the growing number of bariatric surgeries in major markets globally is predicted to drive the demand for bariatric surgical equipment and other products.
Key Benefits of Report
- This study presents the analytical depiction of the health and weight management along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the health and weight management market share.
- The current market is quantitatively analyzed to highlight the health and weight management market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed health and weight management market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in Health and Weight Management Market Report
- Who are the leading market players active in the health and weight management market?
- What current trends will influence the health and weight management market in the next few years?
- What are the driving factors, restraints, and opportunities in the health and weight management market?
- What future projections would help in taking further strategic steps?
- What is health and weight management?
- What is the health and weight management market prediction for the future?
- Who are the leading global players in the health and weight management market?
- What are the current trends and predicted trends?
- What are the key benefits of the health and weight management market report?
Health and Weight Management Market Report Highlights
| Aspects | Details |
 By Diet |
|
 By Equipment |
|
 By Service |
|
 By Region |
|
 Key Market Players | Herbalife International of America, Inc., GlaxoSmithKline plc, Ajinomoto Co., Inc., THE COCA-COLA COMPANY, Nutrisystem, Inc., Abbott, Pepsi Co, 24 Hour Fitness USA, Inc., VLCC, Life Time, Inc., Zafgen, Inc., WW International, Inc., Johnson Health Tech, Nestlé SA, F. Hoffmann-La Roche Ltd., Mayo Foundation for Medical Education, Jenny Craig,, Diet Health, Inc., Research (MFMER) |
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