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Obesity has become a global health concern that affects the well-being of people and results in several diseases and disorders such as, cardiovascular diseases, high blood pressure, arthritis and malignancies (e.g., prostate, breast, pancreatic and colon cancer). Obesity also interferes with restful sleep, affects the mobility and contributes to the increasing cases of digestive disorders that ultimately shortens the life span. According to WHO, ~2.3 billion population will be overweight and ~700 million population will be obese by 2015 and ~70% of US adult population would be overweight. This growing concern of obesity can be controlled by weight loss management services, which would help the obese people to maintain the body mass index (BMI) leading to balanced life. For example, weight loss management services are provided by slimming centers, and fitness centers. Drugs & food supplements are used for maintenance of BMI. These products and services has brought a paradigm shift in the global weight loss management market.
The global market of weight loss management is primarily driven by factors such as increasing incidence of overweight child population and obese adult population, increasing expenditure on health and fitness products coupled with the increasing popularity of healthy organic food. Moreover, rising health and fitness consciousness amongst women would largely contribute to the market growth. Various government authorities in the developed and developing economies have played a vital role in enhancing the quality of living coupled with the changing mind set of population, which has brought the weight loss management industry into limelight. Despite of several advantages, the consumers preference towards natural weight loss techniques and availability of alternative prescription medicines might hamper the market growth.
The weight loss management market considered in this report includes weight loss management services, weight loss diet (food and beverages), weight loss drugs and supplements and weight loss equipment and devices. The weight loss equipment and weight loss services are the most lucrative segment in the market owing to the easy availability and high effectiveness as compared to the weight loss diet and weight loss drug and supplements. Geographically, the market is segmented across North America, Europe, Asia-Pacific and LAMEA. North America holds largest share in the market due to the high adoption of weight loss management services by the huge overweight population.
Key players in the market includes: Weight loss diet companies - Herbalife Ltd., Atkins Nutritionals Inc., NutriSystem, Inc., and Kellogg Company.Weight loss drugs companies- Zydus Cadila Healthcare Ltd., Arena Pharmaceuticals, Health Biotech Ltd., Avestia Pharma etc. Weight loss equipment companiesMedtronic Inc., Ethicon Inc., Olympus Corporation, Johnson Health Technology Co., Ltd, Cybex International, Brunswick Corporation. Weight loss service provider companiesWeight Watchers International, Inc., The Golds Gym International, VLCC Healthcare Ltd, Duke Diet & Fitness Centre, Equinox, Inc., Slimming World, 24 hours Fitness, Fitness First Group, Town Sports International Holdings, Inc. and others.
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