Latest News- Weight Management Market: Diet is expected to lead the Type segment during 2024-2028

The Weight Management Market is being driven by Growing obese population

The Weight Management Market is expected to grow at a CAGR of 10.87% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 103.8 billion. In developing countries within the Asia Pacific (APAC) region, rising per capita incomes have significantly increased disposable income levels. For instance, India's gross national income (GNI) Atlas method (current USUSD value) increased from USD2,150 in 2021 to USD2,380 in 2022. This economic growth, coupled with heightened health consciousness, fuels consumer spending on various weight management products and services. With increased purchasing power, consumers increasingly opt for premium, branded weight management solutions due to their perceived superior quality, safety, and comfort. The emergence of a burgeoning middle class in developing economies, influenced by pop culture and social media trends, is poised to significantly boost sales in this market during the forecast period. 

Get more information on Weight Management Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing obese population
• Awareness about weight management
• Growing number of clinical drug trials and approvals for weight loss

However, the market also witnesses some limitations, which are as follows:

• Marketing of weight management products and services
• Risk of side effects due to weight management products and services
• High cost of weight management equipment and availability of counterfeit products

Benefits of Buying Global Weight Management Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Weight Management Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The weight management market encompasses various interventions for addressing obesity and maintaining a healthy body weight. This includes bariatric surgeries, healthy dietary choices, and lifestyle changes such as daily physical activities. Sedentary lifestyles linked to obesity lead to chronic diseases like diabetes, hypertension, orthopedic diseases, and even childhood obesity. Preventive health measures are crucial for managing weight and mitigating risks of hormonal problems, cardiovascular diseases, and more. Weight management services, protein powders, and gyms like Life Time Fitness are popular solutions. Social media plays a role in promoting healthy eating habits and reaching the young and Gen X populations, as well as baby boomers. Height and body mass index are essential indicators for weight management.

Market Research Overview

The weight management market encompasses bariatric surgeries, obesity treatments, and related pharmaceutical solutions. Factors driving the expansion of the global pharmaceuticals market include the rising prevalence of sedentary lifestyles and chronic diseases such as diabetes, hypertension, and orthopedic conditions. According to Technavio, market growth will be fueled by the increasing global population aging, with over a quarter of the US population projected to be over 60 years old by 2050, and Europe reaching a similar demographic milestone by 2030. This demographic shift will escalate the demand for healthcare products and services, including weight management solutions. The pharmaceuticals market, which includes manufacturers and providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, will significantly benefit from this trend.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/