Obese people are increasing globally, which is leading to many diseases such as heart diseases, hypertension, cancer, high blood pressure and diabetes. Treatment of such diseases is quite expensive and government has to bear the costs to improve the healthcare infrastructure. Obesity is a very serious medical condition in which body has excess fat deposition. Increase consumption of unhygienic fatty foods or intake of too many calories and genetic inheritance are the main causes of obesity.
With the rising population, obese people have increased not only of the developed nations but also of the developing nations too. According to World Health Organization, 1.6 billion adults are overweight worldwide and another 400 million are obese. They also say that 20 million children below 5 years of age are overweight. Obesity reduces life expectancy,
Obesity Management Market: Drivers & Restraints
Technological advancement, increasing number of diseases, increasing personal disposable income, increase intake of high-calorie food and beverages due to urbanization, reduced physical activity, unhealthy lifestyle are the most important driving factors in obesity management market. There’s a sea change in the consumer’s habits, lifestyle and eating patterns. Companies are emphasizing more on digital advertising and social media to lure consumers for junk food consumption and try products which can be harmful for their health. United States has the most obese people followed by China. US has created and designed special ambulance just for obese people since normal ambulances cannot take the weight of obese people.
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The high cost of the obesity programme, increasing health awareness of food and beverages by consumers, post obesity programme or surgery harmful effects and complications are acting as a barrier for obesity management market.
Obesity Management Market: Segmentation
Obesity Management Market is broadly classified on the basisof the following segments –
- Weight Loss Supplements and Drugs
- Fitness and Slimming Centre
- Diet and Nutrition Consulting Services
- Online Weight Loss Programs
- Slimming Services and Spas
By Equipment’s and Devices:
- Fitness Equipment’s
- Cardiovascular Equipment’s
- Strength Training Equipment’s
- Fitness Monitoring Equipment’s
- Surgical Equipment’s
- Invasive Surgical Instruments
- Non-Invasive Surgical Instruments
Obesity Management Market: Overview
The obesity management market has grown substantially at a healthy CAGR due to increase per capita spending on diet food and beverages products, rising disposable income, strong desire among men and women to look fit and healthy. With rapid technological advancement and variety of options available in the market, obesity management market is expected to grow. North America represents the largest market for this product category. Asia Pacific will emerge as the fastest growing region in an obesity management market.
Obesity Management Market: Region-wise Outlook
The obesity management market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, obesity management market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the obesity management market in terms of market revenue. Asia is the fastest growing market. There’s a robust demand from Europe for obesity management market.
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Obesity Management Market: Key Players
Some of the key market players in obesity management market are Atkins Nutritional Inc, Nutrisystem Inc, Ediets.com, Medifast Inc, Herbal Life, Precor, Life Fitness, Cybex International, Star Trac, Technogym.