Wondering which industry is going to see dramatic growth in the next few years so you can start investing today? Don’t worry, we’ve done the difficult task for you. Without a doubt, it’s the healthcare – product and services industry. Here’s a small analysis of the future of the global weight loss industry.
A compound annual growth rate (CAGR) of 9.7% is estimated for the global weight management market over the forecast period (2022-2030). In 2021, the weight management market was valued at $132.7 billion. Several factors contributed to the market’s growth, including the growing number of bariatric surgeries, the rapid adoption of online weight loss and management programs, the growth of disposable income levels in developing countries, increasing government initiatives to promote weight management, and an increase in obesity cases associated with sedentary lifestyles. Globally, 30.0% of the population is obese or overweight, according to the Institute of Health Metrics and Evaluation.
A high number of chronic diseases affect the overweight and obese population, including diabetes, hypertension, and orthopedic conditions. Consequently, the market is experiencing growth due to the growing obese population.
Globally, the market is segmented according to its functions into the diet, fitness equipment, surgical equipment, and services. As of 2021, the diet function segment controlled the largest share of the global revenue with 75.2%. The diet involves meals, beverages, and supplements. Diet has gained popularity throughout the world as a way to lose weight and manage weight in both developed and developing nations. In order to manage weight effectively, meals with the right amount of proteins & fiber and a smaller amount of carbohydrates are recommended. A record 84% of revenue was generated in Asia Pacific in 2021, making it the largest regional market.
If you’re interested in finding your opportunity in the field of healthcare/ weight management, here we are to help you discover it together.