Global Weight Management Market Research Report 2027 - Competitive Analysis by Market Size, Share, Trends, Growth, Scope, Opportunities & Key Industry Players

Weight management is an important aspect of maintaining a healthy lifestyle. One of the basic aspects of weight management is maintaining a balanced diet. This involves consuming the correct number of calories, nutrients, and portion control. Engaging in daily physical activities is also essential for weight management, burning calories, building muscle, and improving overall fitness. Lifestyle elements, including stress management, ensuring sufficient sleep, and reducing factors that may lead to weight gain, also play an important role in maintaining a healthy weight.

Growing Obesity Cases, Sedentary Lifestyle, and Increasing Digitalization & Public Awareness on Weight Management Triggers the Global Market's Growth

The number of chronic diseases associated with obesity, such as diabetes, hypertension, and orthopedic conditions, is common among people who are overweight or obese. This has driven the growth of the weight management market, as obesity rates continue to surge. Obesity represents a major public health challenge, forcing pharmaceutical firms to develop medications to counter it. Various prescription drugs authorized by regulatory agencies are available in the market for obesity treatment and weight management. With an increasing awareness of the health risks associated with obesity, more people are looking for medical treatments, resulting in an increased demand for these medications.

For instance,

In September 2023, Novo Nordisk revealed that Wegovy® will be introduced in UK via a controlled and limited launch. Nevertheless, due to Novo's inability to meet the high demand for Wegovy in the United States, the planned launch in most of Europe has been delayed.

An increased screen time, mainly due to television and computer usage, is contributing to a poor lifestyle among overweight or obese children, increasing their vulnerability to chronic diseases. This weight gain is worsened by the consumption of unhealthy fast food, no or limited physical activity, and the stresses and time pressures of life. Consequently, the weight management industry is growing rapidly in response to these challenges.

An easy accessibility of information, facilitated by globalization and digitalization, has heightened public awareness on various weight management methods, including dietary products, supplements, exercise, and surgical procedures. Additionally, the growing acceptance of fitness facilities and dietary programs in developing countries is poised to present healthy growth prospects during the forecast period. Specifically, the GenX generation is set to be a major target for fitness clubs. Also, fitness clubs that provide amenities such as advanced equipment's, metabolic testing tools, and yoga studios are set to offer various growth opportunities for the weight management market in the upcoming period.

Preventive Healthcare and Wellness: Boosting the Weight Management Market Demand

The global weight management market is witnessing a healthy growth due to many factors. Majorly, the global rise in the obesity rates and the associated health problems, such as diabetes, cardiovascular diseases, and joint problems, highlights the urgent need for an effective weight management solution. As people are becoming more aware of the health risks associated with excessive weight, they are actively looking out for methods for achieving weight loss and maintaining a healthier lifestyle. The growing recognition of the importance of preventive healthcare and wellness promotion encourages individuals to take proactive techniques to address weight-related problems before they develop into chronic medical conditions. This focus on the prevention is trigging the demand for diverse weight management programs and services that cater to multiple needs and choices.

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The global weight management industry is growing rapidly. Recent market trends include a move towards holistic approaches that focuses on the overall individual's health, and well-being, as well as the integration of technology through smartphone apps and wearable devices for tracking physical activity and nutrition. The weight management market focuses on products and services designed to help people achieve and maintain a healthy weight. It includes a broad range of products and methods, from dietary supplements and weight loss programs to fitness equipment and meal replacement products. Many firms are active in the global weight management market, including pharmaceutical companies that produce weight loss medications, nutrition and supplement companies, fitness equipment manufacturers, and providers of weight loss and wellness programs.

For instance,

In March 2023, Viking Therapeutics disclosed the launch of a Phase I clinical research of its weight reduction drugs to assess VK2735, a dual glucagon-like peptide 1 (GLP-1) & glucose-dependent insulinotropic polypeptide (GIP) receptor agonist.

Key Market Challenges to the Global Weight Management Market

Strict regulations and labeling needs pose as a major hurdle for weight management product manufacturers and complying with these regulations can be very expensive and time-consuming for these businesses. Further, addressing the consumer demands for quick fixes rather than finding sustainable approaches is a major challenge. The weight management market is highly competitive, but is making it difficult for firms to stand out. Changing consumer choices and economic disparities can also impact the global market's growth.

North America Holds the Largest Market Share in the Global Weight Management Market

North America holds the top position in the global weight management market owing to its well-developed healthcare infrastructures, extensive medication usage, rising cases of chronic conditions such as obesity, high cholesterol, diabetes, and heart diseases, along with a burgeoning research landscape.

Whereas, the Asia-Pacific region is set for a healthy growth during the forecast period which can be attributed to various factors such as positive government initiatives to promote awareness, growing research activities, the presence of vast untapped markets, a large population base, an upsurge in cardiovascular diseases, and rising demand for high-quality healthcare services within the region.

Competitive Landscape Analysis: Weight Management Market

Some of the leading and established players operating in the weight management market are Novo Nordisk, Atkins Nutritional's, Inc., Herbalife Ltd., Nutrisystem, Kellogg Company, Olympus Corporation, The Gold's Gym International, Brunswick Corporation, Amer Sports, and Johnson Health Tech.

Growth Strategies Adopted by the Key Market Players to Establish Their Strong Foothold in the Global Weight Management Market

Players operating in this market are adopting both organic and inorganic growth strategies such as collaborations, and acquisitions to garner market share.

For instance,

In March 2023, Johnson Fitness & Wellness (JFW), the retail arm of Johnson Health Tech and the world's largest specialty fitness retailer, revealed its plans to establish 17 retail outlets as well as a commercial sales and service division in Texas, United States.

The global weight management market is poised to experience a consistent momentum in the upcoming years due to growing awareness on health and wellness, coupled with the desire to maintain a healthy lifestyle, demand for weight management products, technological developments, and aggressive growth strategies adopted by the leading market players.

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Ruta Halde
Associate, Medi-Tech Insights
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info@meditechinsights.com
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Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

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