The Global Weight Loss and Obesity Management Market was valued at USD 175.12 billion in 2020 which expected to reach USD 298.3 billion by 2027 at a CAGR 7.2% throughout the forecast period (2020-2027). Obesity is one of the most prevalent disease conditions across the world which affects individuals in developed, emerging, and undeveloped regions.
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Some of the key players competing in this industry such as Novo Nordisk A/S, Herbalife Ltd., Takeda Pharmaceutical, F. Hoffmann-La Roche Ltd, Eisai Co., Ltd., NutriSystem, Inc., Cybex International, Ethicon Inc., Johnson & Johnson Services, Inc, Medtronic,etc. The growing adoption of strategies by key players is expected to support the growth of global weight loss and obesity management market. For instance, in, May 2021, according to the study results from a Phase IIIa study have demonstrated that Novo Nordisk’s weight loss drug semaglutide can improve physical function and wellbeing among people with obesity.
The Increase in Prevalence of Obesity is Expected to Drive the Market Growth.
The growing prevalence of obesity in developed & emerging economies of the world is expected to propel the growth of the market during the forecast period. For instance, as per the report published by the World Federation of Obesity, around 27.4 million children in India will be obese by 2030 which is expected to raise the demand for weight loss and obesity management techniques over the forecast period.
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- Fitness Equipment
- Surgical Equipment
- Fitness Centers
- Sliming centers
- Consultation services
- Online weight loss services
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
On the basis of region, the Global Weight Loss and Obesity Management Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The increase in demand for low-calorie diet food and beverages and slimmer waters/natural mineral salt drinks in North American countries like United States, and Canada is expected to gain a huge momentum of growth. North America is expected to lead the Global Weight Loss and Obesity Management Market during the analysis time-frame.
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