23-April-2019: The global weight loss services market size is
expected to reach USD 21.1 billion by 2025 expanding at a CAGR of 8.4%,
according to a new report by Grand View Research, Inc. Rising cases of obesity
and resultant health consciousness along with increased per capita healthcare
expenditure are the key factors fueling the market growth. Obesity is among the
major health concerns that lead to a number of associated diseases or
complications, such as diabetes, Cardiovascular Diseases (CVDs), and cancers.
For instance, as per WHO, in 2016, more than 1.9 billion adults were
overweight, out of which around 650 million people were obese.
Such instances are expected to
encourage people to maintain proper health to help lower the risk of such
chronic health issues, thereby augmenting market growth. Key companies in the
market are focusing on the development of new ways for weight loss, such as
Zumba, sports-specific performance training, aquatic exercise classes, and
weight loss supplements. For instance, in August 2018, Herbalife International
launched Herbalife24 ACHIEVE protein bar, a convenient, energy-providing snack.
This product launch may increase the company’s popularity among athletes
worldwide. Hence, such initiatives are anticipated to drive the market.
In
depth research report on Weight Loss Services Market
Further
key findings from the study suggest:
· Fitness
equipment segment is estimated to register the highest CAGR over the forecast
period due to advancements by key companies, in terms of technology and
equipment
· Consulting
services is projected to expand at the highest CAGR due to their cost-effectiveness
as compared to other services
· APAC is
expected to be the fastest-growing regional market in future. Increasing cases
of obesity and diabetes due to changing lifestyles are anticipated to drive the
region’s growth
· Some of
the key companies in the global weight loss services market are Atkins
Nutritionals, Inc.; Nutrisystem, Inc.; Herbal Life International, Inc.; Apollo
Endosurgery, Inc.; Johnson Health Tech; WW International, Inc.; Kellogg Co;
Amer Sports; Cynosure, Inc.; and Diet Health, Inc.
Grand View Research has
segmented the global weight loss services market on the basis of equipment,
service and payment:
Weight
Loss Services Equipment Outlook (Revenue, USD Billion, 2014 - 2025)
· Fitness
Equipment
· Cardiovascular
Equipment
· Strength
Training Equipment
· Infrared
Light Therapy Equipment
· Others
· Surgical
Equipment
· Bariatric
Surgery Equipment
· Non-invasive
Surgical Equipment
Weight
Loss Services Outlook (Revenue, USD Billion, 2014 - 2025)
· Fitness
Centers
· Slimming
Centers
· Consulting
Services
· Surgery
· Other
Services
Weight
Loss Services Payment Outlook (Revenue, USD Billion, 2014 - 2025)
· Government
· Private
Insurance
· Out of
Pocket
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About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
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