Over 1.9 billion adults above 18 years were overweight and around 650 million were obese in 2016 and 41 million children over the age of 5 were overweight or obese. Sedentary lifestyles and eating habits are the major factors responsible for rising obesity in individuals. Moreover, the governments are imposing taxes and making regulations on the food and beverage companies to reduce the content of calories in drinks. In addition, the governments are also launching programs such as the “Special Supplemental Nutrition Program” for Women, Infants and Children (WIC) and the “Alaska Obesity Prevention Control Program” to curb obesity and excess weight in individuals. Companies are launching new products such as drugs and devices for reducing excess weight and obesity. So, the increase in obesity, excess weight coupled with the increasing awareness among individuals is growing regarding health-conscious fueling the demand for weight loss and obesity management market during 2020-25.
According to the MarkNtel Advisors’ research report, “Global Weight Loss and Obesity Management Market Analysis, 2020”, the CAGR of Global Weight loss and Obesity Management is expected to be around 6.5% during 2020-25. Countries such as India, Thailand, and Malaysia are emerging as a hotspot in the medical industry with growing medical tourism activities surging. Moreover, owing to the geographical presence of products is contributing to the growth of weight loss and obesity management market in the forthcoming period. North America dominates the market of weight loss and obesity management due to the high disposable income of individuals and the eating habits of individuals.
Side Effects from Weight Loss and Obesity Management Drugs
Drugs such as Contrave are a weight-loss drug however, it shows side effects such as suicidal thoughts in patients. Bariatric Surgery is the most effective surgery for obesity management and weight loss but sometimes it leads to certain side effects and adverse effects such as blood clotting, malnutrition, low blood pressure, and excessive bleeding. Side effects from drugs and devices may restrict the market of weight loss and obesity management in coming years as revealed by MarkNtel Advisors’ in their research report, “Global Weight Loss and Obesity Management Market Analysis, 2020”.
According to the MarkNtel Advisors the major leading players are Weight Watcher International, Inc, Medtronics, Brunswick Corporation, Golds Gym International, Inc, Nutrisystem, Lifetime Fitness, Johnson Health Tech, Kellogg, Apollo Endosurgery, Allergan among others.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on Global Weight Loss and Obesity Management?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Billion, while the market volume is measured in terms of units sold.
Q. What would be the CAGR of the Global Weight Loss and Obesity Management during 2020 to 2025?
A. The market size of Global Weight Loss and Obesity Management would register a CAGR of 6.5% during 2020-25.
Q. Which of the regions would be a bright spot for Global Weight Loss and Obesity Management during 2020-2025?
A. Countries such as India, Thailand, and Malaysia are emerging as a hotspot in the medical industry with growing medical tourism activities surging would present substantial opportunities for competitors in Global Weight Loss and Obesity Management during the forecast period.
Q. Who are the key players or major competitors in Global Weight Loss and Obesity Management?
A. Weight Watcher International, Inc, Medtronics, Brunswick Corporation, Golds Gym International, Inc, Nutrisystem, Lifetime Fitness, Johnson Health Tech, Kellogg, Apollo Endosurgery, Allergan. are few of the leading players with majority market share in Global Weight Loss and Obesity Management.
