Nov-2017

14 15 OPENING LINES THE WEIGHT LOSS ANDWEIGHT MANAGEMENT MARKET IS EXPECTED TO REACH $245.51 BILLION T he weight loss and weight management market is expected to reach $245.51 billion by 2022 from $175.94 billion in 2017, at a CAGR of 6.9%, according to a recent report issued by Reportlinker, an award-winning market research company.The increasing prevalence of life- style diseases,increasing number of bariatric surgeries, growing obesity,and the launch of newand advanced products are driving the growth of thismarket.On the other hand,market growthmaybe hindered due to the high cost of low-calorie diets and deceptivemarketing practices. Byequipment,theweight loss andweight manage- ment market is segmented into fitness equipment and surgical equipment.The fitness equipment segment is expected to hold the largest share of themarket in 2017and projected to register the highest CAGR during the forecast period.Growing accessibility to gyms and continuous technological development in equipment are the key factors driving the growth of this segment. Based on diet,theweight loss andweight manage- ment market is segmented into meals, beverages, and supplements.The beverages segment is expected to dominate this market, due to the growth of the obese population and increasing awareness about nutrition and healthy lifestyles. Based on service, the weight loss and weight man- agement market is segmented into fitness centers, slimming centers, consulting services, and online weight loss programs.The online fitness centers seg- ment is expected to account for the largest share due to increasing awareness about health and fitness among the population,which has resulted in a significant in- crease in the number of health clubs and gyms across the globe.The onlineweight programs segment is projected to register the highest growth during the forecast period, due to the popularityof online programs offered through Internet subscriptions. In 2017,NorthAmerica is expected to account for the largest shareof themarket followedbyEurope.However, Asia isexpectedtoregister thehighestCAGRduringthe forecastperiod.Thehighgrowth inthis segment isattributed tothe increasing incidenceof obesityanddiabetes,seden- tary lifestyles,rising disposable income,and increasing awareness about nutrition and healthy lifestyles. The report provides an overviewof theweight loss and weight management market.It aims at estimating the market size and future growth potential of thismar- ket across different segments such as diet,equipment, service,and region.Furthermore,the report also includes an in-depth competitive analysis of the keyplayers in the market alongwith their companyprofiles,recent devel- opments,and keymarket strategies. The report will helpmarket leaders,as well as newen- trants in thismarket byproviding themwith the closest approximations of revenues for the overall weight loss andweight management market and its subsegments. It will help stakeholders to understand the competitive landscape better and gain insights to position their businesses and help companies make suitable go-to- market strategies.The report also helps stakeholders understand the pulse of the market and provide them with information regarding keymarket drivers and opportunities. FOR MORE INFORMATION YOU CAN READ THE FULL REPORT AT: https://www.reportlinker.com/p05166301