The global weight loss and weight management market is expected to grow at a CAGR of nearly 6.9% during the forecast period (2021-2027). The major factors propelling the growth of the global weight loss and weight management market include the rising number of bariatric surgeries and rising prevalence of obese peoples. According to the Centers for Disease Control and Prevention, in 2018, the prevalence of obesity in adults was 42.4% in the US. According to American Society for Metabolic and Bariatric Surgery (ASMBS) data 2021, in 2019, around 256,000 people in the US went through bariatric surgery, with gastric sleeve surgery accounted for almost 59.4% of total bariatric surgeries in 2019 and Roux-en-Y bypass (RYGB) surgery accounted for 17.8% in 2019. Moreover, the government initiatives to reduce obesity will boost the growth of the market. For instance, on March 4th, 2021, the UK Government announced $117 million of funding to combat nation’s obesity crisis. This investment was done through National Health Service (NHS) and will enable 700,000 adults to lose weight.

The key players contributing to the growth of the global weight loss and weight management market by adopting various strategies such as product launches and developments, mergers and acquisitions, partnerships, and agreements, include Atkins Nutritionals, Inc., Herbalife Ltd., Nutrisystem Ltd., Kellogg Company, Ethicon, Inc., Covidien, plc., Apollo Endosurgery, among others. For instance, in June 2021, Wegovy (semaglutide) injection was approved by the US FDA for chronic weight management in adults suffering from obesity or overweight with weight-related conditions such as type-2 diabetes, hypertension, or high blood cholesterol, for use in addition to decreased calorie diet and increased physical activity. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered

• Competitive Landscape- Atkins Nutritionals, Inc., Herbalife Ltd., Nutrisystem Ltd., Kellogg Company, Ethicon, Inc., Covidien, plc., among others. 
  

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Weight Loss and Weight Management Market-Segmentation

By Diet

• Meals
• Beverages
• Supplements

By Equipment

• Fitness Equipment
• Surgical Equipment

By Service

• Fitness Centers
• Slimming Centers
• Consulting Services
• Online Weight Loss Programs

Global Weight Loss and Weight Management Market - Segmentation by region