The global weight management market, which stood at US$385.1 bn in 2010, is expected to reach US$650.9 bn by the end of 2015. The market will therefore exhibit a positive CAGR of 9.40% during this period.
Albany, NY -- (SBWIRE) -- 08/16/2016 -- The WHO's factsheet says that worldwide incidence of obesity has more than doubled since 1980. Over 1.9 million adults (18 years and older) were overweight in 2014 and among these, almost 600 million people were obese. The globally rising incidence of obesity is not a good news for nations, particularly those that largely depend on human capital for labor-intensive industries. Human capital is indispensable for any nation, be it developed, developing, or underdeveloped. Hence, governments of several nations are deliberating conscious efforts to curb the incidence of obesity.
The report on the global weight management market stresses on this glaring issue and analyzes its impact on the global economy. The market for weight management has gained significant momentum in recent years, fuelled by the increasing need to curb the prevalence of weight issues. Factors propelling the market and the potential restraints that the market may face in the long-term are studied in detail in the report. Lifestyle trends of the urban society, which impact the global weight management market, is evaluated in the report.
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For the purpose of the study, the report segments the global weight management market into weight management services, weight loss supplements and drugs, equipment and devices, and food and beverages. The global market for weight management is regionally segmented into four key regions: the U.S., Europe, Asia and Rest of the World, and India.
Overview of the Global Weight Management Market
The global weight management market, which stood at US$385.1 bn in 2010, is expected to reach US$650.9 bn by the end of 2015. The market will therefore exhibit a positive CAGR of 9.40% during this period. The equipment and devices segment holds the largest share in the weight management market, at 37.7%. However, the weight management services segment will exhibit the fastest CAGR of 13.50% over the forecast period, and reach US$205.2 bn by the end of 2015.
Growing prevalence of an increasingly sedentary lifestyle, coupled with dramatically changing diet patterns, particularly in Western countries, has majorly contributed to the upsurge of obesity. The increasing incidence of what has been termed by the media as the "obesity epidemic" has spurred the need for regulations by governments, and actions by the food and beverages industry. The consequence of such efforts has been a paradigm shift from short-term and novice weight-loss regimes to more long-term and sustainable weight management solutions. Burgeoning investments to boost innovation and product development in the sector of weight management ingredients is driving the industry and enabling manufacturers to offer customers a plethora of convenient solutions with achievable results.
While the U.S. and Europe hold the largest and second-largest shares of the market respectively, it is the Asia market that exhibits the maximum potential for growth, due to the increasing adoption of Western lifestyle. Rise in the disposable income of people and growing awareness regarding healthy lifestyles will boost the Asia market for weight management.
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Companies mentioned in the research report
Key players in the global weight management market profiled in the report include Fortis Healthcare Limited, VLCC Group, Apollo Hospitals, Watchers International, ELIXIA Nordic ASA, Slim-Fast, Wockhardt Hospitals, and others.
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