The global weight loss and obesity management market is poised for substantial growth, with the global market size expected to reach US$ 4.99 billion by 2028, according to a recent market research report. The industry, which had a net worth of US$ 3.68 billion in 2022, is projected to grow at a CAGR of 5.2% over the forecast period.
Obesity remains one of the most pressing health challenges worldwide, driving the demand for innovative solutions to address this epidemic. The weight loss and obesity management industry play a crucial role in providing practical and effective strategies to assist individuals in achieving and maintaining a healthy weight.
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“The global weight loss and obesity management industry are witnessing significant growth as the prevalence of obesity continues to rise across the globe,” said Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “This industry encompasses a diverse range of products and services, including prescription medications, medical equipment, surgical procedures, diet and exercise programs, and digital health solutions.”
Pharmaceutical treatments for obesity, such as appetite suppressants and weight loss drugs, have seen remarkable advancements in recent years, providing individuals with more options to manage their weight effectively.
As the demand for obesity management solutions increases, stakeholders in the industry are actively collaborating to develop innovative approaches and technologies to address this complex health issue.
Key Components of The Weight Loss And Obesity Management Market Include:
- Pharmaceuticals: This segment includes prescription medications and over-the-counter drugs designed to aid in weight loss or treat obesity. Some of these medications work by reducing appetite, while others interfere with the body’s ability to absorb fat.
- Dietary Supplements: This category encompasses a wide range of products such as vitamins, minerals, herbal supplements, and other natural substances that claim to assist with weight loss or appetite control.
- Diet and Nutrition Programs: These include commercial weight loss programs like Weight Watchers, as well as medical and clinical weight management programs offered by healthcare professionals.
- Medical Devices: There are various medical devices used in the management of obesity, including gastric balloons, gastric bands, and electrical stimulation devices that can help control appetite or promote weight loss.
- Surgical Procedures: Bariatric surgeries like gastric bypass, gastric sleeve, and laparoscopic adjustable gastric banding (commonly known as lap band surgery) are invasive treatments that can result in significant weight loss.
- Behavioral Therapy: Behavioral therapy and counseling can help individuals address the psychological aspects of obesity and unhealthy eating habits.
- Fitness Equipment: Home exercise equipment, gym memberships, and fitness programs are often part of weight loss and obesity management strategies.
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Key Companies Profiled:
- GlaxoSmithKline plc.
- Allergan Plc
- Johnson & Johnson Services, Inc.
- Vivus Inc.
- Eisai Co., Ltd.
- ReShape Lifesciences, Inc.
- Aspire Bariatrics
- Allurion Technologies Inc.
- Cheplapharm Arzneimittel GmbH
- Beijing Noble Laser Technology Co., Ltd.
Key Segments of Weight Loss and Obesity Management Industry Survey:
Weight Loss and Obesity Management Market by Product Type:
- Weight Loss and Obesity Management Devices
- Liposuction Devices
- Laser-assisted Liposuction Devices
- Radio Frequency-assisted Liposuction Devices
- Ultrasound-assisted Liposuction Devices
- Bariatric Stapling Devices
- Gastric Bands
- Gastric Balloon Systems
- Gastric Emptying Systems
- Gastric Electrical Stimulation Systems
- Weight Loss and Obesity Management Drugs
- GLP-1 Receptor Agonists
- Lipase Inhibitors
- Serotonin Receptor Agonists
- Combination Drugs
- Others
Weight Loss and Obesity Management Market by Distribution Channel:
- Institutional Sales
- Hospitals
- Weight Loss Clinics
- Ambulatory Surgery Centers
- Retail Sales
- Retail Pharmacies
- Drug Stores
- Online Sales
Weight Loss and Obesity Management Market by Region:
- North America Weight Loss and Obesity Management Market
- Latin America Weight Loss and Obesity Management Market
- Europe Weight Loss and Obesity Management Market
- East Asia Weight Loss and Obesity Management Market
- South Asia & Pacific Weight Loss and Obesity Management Market
- Middle East & Africa (MEA) Weight Loss and Obesity Management Market
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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