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The weight management devices market size is projected to increase by USD 5.21 billion, at a CAGR of 6.78% between 2023 and 2028. The growth of the market is driven by key factors reflecting changing health trends and growing awareness of the benefits of dietary supplements. Firstly, the increasing obese population highlights the demand for effective weight management solutions. Additionally, heightened awareness about weight management and lifestyle diseases drives the adoption of innovative devices. These factors underscore the importance of weight management devices in addressing global health concerns and driving market growth.
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The weight management devices market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The market share growth by the fitness equipment segment will be significant during the forecast period. The global weight management devices market encompasses various segments, with protein supplements and fitness equipment holding significant market shares in 2023. Chronic diseases such as diabetes, hypertension, and orthopedic conditions fuel the demand for these devices. Lifestyle diseases, including obesity, overweight, heart disease, and cancer, contribute to the increasing obesity rates, further driving market growth. Protein supplements provide essential nutrients for muscle growth and recovery, making them popular among fitness enthusiasts and those undergoing weight loss programs. Fitness equipment, including cardiovascular training equipment like elliptical trainers, rowing machines, treadmills, stationary cycles, and stair steppers, as well as strength training equipment, cater to the growing health and wellness trends.
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The fitness equipment segment was the largest and was valued at USD 6.19 billion in 2018. The service segment, comprising consultation services, fitness training equipment, and physical training centers, offers professional guidance and support to individuals seeking weight management solutions.
Based on the product, the market has been segmented into online and offline channels. The market for weight management devices encompasses a range of offerings, including protein supplements, fitness equipment, and services. This sector experiences significant growth due to the increasing prevalence of chronic diseases such as diabetes, hypertension, and orthopedic conditions. Online communities and professional services cater to those battling obesity, which is a major contributor to lifestyle diseases like heart disease and cancer. Obesity rates continue to rise, fueling the demand for functional beverages, functional food, and dietary supplements, digestive health supplements, and weight loss supplements.
Cardiovascular training equipment, strength training equipment, and surgical equipment are essential tools in the fight against weight-related health issues. Health clubs, consultation services, fitness training and physical training centers offer various solutions to help individuals manage their weight and improve overall health. The World Obesity Forum reinforces the importance of addressing obesity through a multi-faceted approach, including education, policy changes, and access to affordable equipment and services. Equipment cost is a crucial factor, with sedentary lifestyles driving the need for affordable fitness centers and home-based solutions.
North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have provided an extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
The weight management devices market encompasses a range of solutions designed to assist individuals in managing weight-related conditions, including multivitamin and mineral supplements protein supplements and fitness equipment. This market caters to the needs of those suffering from chronic diseases such as diabetes, hypertension, and orthopedic conditions. Online communities and professional services offer support and guidance for those struggling with overweight and obesity, which are major risk factors for lifestyle diseases like heart disease and cancer. Protein supplements play a crucial role in weight management, providing essential nutrients for muscle growth and repair. Fitness equipment, including cardiovascular training equipment and strength training equipment, enables users to maintain an active lifestyle and manage their weight effectively. Surgical equipment, such as bariatric surgery equipment, is an option for those with extreme cases of obesity. The service segment of the market includes health clubs, consultation services, fitness training equipment, and physical training centers. These services offer personalized guidance and support for individuals seeking to manage their weight and improve their overall health.
The World Obesity Forum serves as a platform for discussing the latest research and trends in weight management and obesity prevention. Equipment costs and sedentary lifestyles are significant challenges in the weight management devices market. Functional food and beverages, as well as dietary supplements, offer convenient alternatives for individuals looking to incorporate healthy choices into their daily routines. The market is expected to grow as the prevalence of obesity and related conditions continues to rise.
The market addresses the growing concern towards healthcare, offering solutions to combat obesity and promote overall wellness. With a focus on protein supplements and functional beverages, the market caters to diverse consumer needs in the service segment. Orthopedic conditions and cardiovascular diseases drive demand for surgical equipment and cardiovascular training equipment, while online communities provide support and information to individuals seeking weight management solutions. However, challenges such as deceptive marketing prices and equipment costs persist, impacting market growth. Companies leverage professional services and consultation offerings to navigate the landscape, while publications provide valuable insights into the market's dynamics.
As the market evolves, innovation in functional food and dietary supplements continues to shape the future of weight management. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The growing awareness about lifestyle diseases is driving growth in the market. The increasing prevalence of lifestyle diseases is fueling demand in the market. Shifts in lifestyle and dietary habits over the past two decades, spurred by consumerism and urbanization, have led to a rise in the consumption of artificial and synthetic food products globally. Governments and fitness equipment manufacturers worldwide are launching various initiatives to raise public awareness about the importance of healthy lifestyles. These efforts aim to address issues like obesity, sedentary lifestyles, and chronic diseases such as diabetes, hypertension, and orthopedic ailments.
Additionally, childhood obesity and hormonal imbalances linked to dietary factors are being targeted through awareness programs. The influence of the fast-food industry and globalization, coupled with the rise of digitalization, underscores the need for maintaining a proper work-life balance. This collective push is expected to support market growth during the forecast period, driving demand for solutions like bariatric surgeries, online weight loss & management programs, gyms, and fitness centers.
The integration of digital technologies in devices is a key market trends. Smart exercise equipment is beneficial for users and gym and fitness clubs as they ensure a connected experience. As this smart exercise equipment is connected to the internet through a console, the equipment owner can get information about equipment use.
Additionally, insights about the performance of the equipment user can be availed through this smart exercise equipment. Furthermore, these types of equipment generate alerts to the owners and enable remote monitoring. The emergence of smart exercise equipment will positively impact weight management devices market growth during the forecast period.
The rising popularity of other alternatives to weight management devices is a major challenge in management devices. The growth of the worldwide market for weight control devices is being hindered by increased interest in other forms of exercise, including yoga, HIIT, reiki, aerobics, and swimming. HIIT, in particular, involves an intense workout session for a short burst of time, followed by a short, less intense period. Fitness and recreational sports centers are offering a wide range of HIIT classes, and HIIT fitness videos are flooding the market.
Moreover, an increasing number of people are opting for yoga due to the numerous health benefits associated with this ancient form of exercise and meditation. The benefits are relief from stress, flexibility, improved fitness, and an overall beneficial effect on health. The rising popularity of yoga is because it is seen as a therapy for the body and mind. Thus, the rise in other forms of workouts may limit the purchase of weight management devices during the forecast period.
The weight management devices market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the weight management devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market growth and forecasting report includes key players' detailed analyses of the competitive landscape of the market and information about 20 market companies, including AbbVie Inc., Boston Scientific Corp., Cousin Biotech, Cutera Inc., Duke University, Fitness World, Garmin Ltd., Golds Gym Club Holding LLC, Into Wellness Pvt. Ltd., Johnson and Johnson Services Inc., Johnson Health Tech Co. Ltd., Life Fitness, Medtronic Plc, Mexico Bariatric Center, Nokia Corp., Olympus Corp., Qardio Inc., ReShape Lifesciences Inc., Spatz FGIA Inc., and TECHNOGYM S.p.A.
The market is a critical component in addressing the global challenges of obesity rates and associated health risks such as heart disease and cancer. With a focus on improving body mass index (BMI) and reducing the prevalence of overweight individuals, the market offers a diverse range of solutions. From strength training equipment in health clubs to fitness training equipment in physical training centers, consumers have access to tools aimed at promoting physical activity and healthy lifestyles. Additionally, consultation services and online weight loss services like SlimPlus and SlimBiome offer personalized solutions to meet individual needs matrix. Innovations such as apple cider vinegar gummies cater to consumer preferences for convenient and enjoyable weight management options. Despite the benefits, challenges such as equipment cost remain, prompting collaboration between industry stakeholders and organizations like the World Obesity Forum to address these barriers and improve outcomes for the Canadian population and beyond.
The market is bolstered by a variety of factors including nutritional counseling and weight management programs that involve exercise physiologists and personal trainers. Health insurance plays a pivotal role in covering costs, while fitness apps and mobile health apps enhance accessibility and tracking. Wellness retreats and anti-obesity drugs offer specialized interventions. Corporate wellness programs and public health campaigns are significant in promoting weight management. Dieticians guide personalized diet plans and aerobic exercise routines, complementing weight loss supplements. The integration of these elements supports comprehensive weight management strategies, addressing the needs of a diverse population seeking effective solutions for maintaining a healthy weight.
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Market Scope |
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Report Coverage |
Details |
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Page number |
169 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.78% |
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Market growth 2024-2028 |
USD 5.21 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.23 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Performing market contribution |
North America at 41% |
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Key countries |
US, China, UK, Japan, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks, Weight Management Devices Market Industry Report |
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Key companies profiled |
AbbVie Inc., Boston Scientific Corp., Cousin Biotech, Cutera Inc., Duke University, Fitness World, Garmin Ltd., Golds Gym Club Holding LLC, Into Wellness Pvt. Ltd., Johnson and Johnson Services Inc., Johnson Health Tech Co. Ltd., Life Fitness, Medtronic Plc, Mexico Bariatric Center, Nokia Corp., Olympus Corp., Qardio Inc., ReShape Lifesciences Inc., Spatz FGIA Inc., and TECHNOGYM S.p.A |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period, Weight management devices market growth analysis |
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Customization purview |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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