Weight Loss and Weight Management Market is Expected to Attain $206.4 billion by 2019
(PRWEB) March 24, 2015 -- The weight loss and weight management market is witnessing tremendous growth across the globe due to factors such as increasing obesity rates specially in children, increasing risks of lifestyle diseases, rising levels of disposable income in developing economies, government support and technological advancements. Key players are focusing on providing effective weight loss solutions in this market by focusing on strategies such as new product launches, partnerships and collaborations, acquisitions and expansions, to gain a competitive edge in the market.
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On the basis of services, the weight loss and weight management market is divided into fitness centers, slimming centers, consulting services and online weight loss programs. Among these services, the online weight loss programs segment possesses lucrative growth opportunities and represents new revenue pockets for the weight loss and weight management market. High growth in this segment is attributed to technological advancements which have enabled users to follow these programs from any location through their mobiles or tablets.
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On the basis of equipment, the market is segmented into fitness equipment and surgical equipment. The surgical equipment segment is further bifurcated into minimally invasive/bariatric surgical equipment and noninvasive surgical equipment. The minimally invasive/bariatric surgical equipment segment is further divided into gastric bypass, laparoscopic adjustable banding systems, laparoscopic sleeve gastrectomy, biliopancreatic diversion surgeries/duodenal switch and revision surgeries. The laparoscopic sleeve gastrectomy segment is expected to grow at the highest rate during the forecast period.
In the coming five years, Asian countries such as China and India are likely to witness growth in the weight loss and weight management market. This growth can be attributed to factors such as large population base, rapid urbanization, increasing disposable incomes, rising prevalence of obesity, growing awareness and health consciousness among citizens.
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