Weight Loss and Obesity Management Market

Weight Loss and Obesity Management Market Overview from 2024 to 2034

The weight loss and obesity management market is projected to rise at a CAGR of 12.8% during the projected period. The market value is projected to increase from USD 14,511 million in 2024 to USD 48,396 million by 2034.

Attributes	Details
Weight Loss and Obesity Management Market Size, 2024	USD 14,511 million
Projected Market Size, 2034	USD 48,396 million
Value-based CAGR (2024 to 2034)	12.8%

Weight Loss and Obesity Management Market Size, Analysis, and Insights

• The weight loss and obesity management market has been experiencing a surge in demand and the trend is expected to continue in the foreseeable future.
• The increasing prevalence of obesity and related health conditions, such as diabetes, heart disease, and hypertension, has fueled the demand for weight loss and obesity management solutions.
• As people become more educated about the link between obesity and chronic diseases, they are increasingly seeking out weight loss solutions as a way to improve their overall health and reduce their risk of developing serious health issues.
• Changing lifestyle patterns have played a role in driving demand for weight loss and obesity management solutions. As people lead increasingly busy and sedentary lives, they are more likely to experience weight gain and related health issues.

Key Opportunities for Weight Loss and Obesity Management Market Players

The market is a rapidly growing sector, driven by increasing awareness about the risks associated with obesity and the desire for a healthier lifestyle.

• The rise of personalized weight loss and obesity management programs is expected to create significant opportunities in the industry.
• With the advent of technology, it is now possible to track individual health metrics and create customized programs based on these metrics. Individuals receive tailored recommendations that are specific to their unique needs, increasing the chances of successful weight loss and management.
• The growing trend toward non-surgical and minimally invasive procedures for weight loss and obesity management is expected to propel growth in the market.
• The rise in the global healthcare industry is also driving the weight loss and obesity management market forward.
• Healthcare providers are increasingly recognizing the importance of weight loss and obesity management in preventing chronic diseases such as diabetes and heart disease. Therefore, there is a growing demand for weight loss and obesity management products and services in the healthcare industry.

Challenges in the Weight Loss and Obesity Management Market

The weight loss and obesity management market is experiencing significant growth. However, there are several market challenges that companies in the industry need to address to remain competitive and succeed.

• The saturation of the market with weight loss products and services is expected to hamper growth in the coming years.
• Consumers have a wide range of options to choose from, including diet plans, supplements, fitness programs, and surgery. With so many choices available, it can be difficult for companies to differentiate themselves and attract customers.
• The high cost of several weight loss products and services acts as a restraint. The market is dominated by premium brands that charge premium prices, making it difficult for lower-priced alternatives to gain traction. Additionally, insurance coverage for weight loss treatments is often limited, which can make it hard for consumers to afford the care they need.
• Regulatory challenges are also a concern in the weight loss and obesity management market. Many weight loss products and treatments are considered medical devices by regulatory authorities, which means they must undergo rigorous testing and approval processes before they can be sold to consumers.

Category-wise Insights

The Drugs Segment Dominates the Market by Products

Attributes	Details
Top Product	Drugs
Market Share in 2024	48.60%

• The increasing demand for effective and efficient weight loss solutions is fueling product sales.
• The growing prevalence of obesity and related diseases, such as diabetes, cardiovascular diseases, and cancer, is driving the demand for weight loss drugs.
• The pharmaceutical industry is investing heavily in research and development activities to develop innovative weight loss drugs with minimal side effects, which is further stimulating the growth of this segment.

The Institution Sales Segment Leads the Market by Distribution Channel

Attributes	Details
Top Distribution Channel	Institution Sales
Market Share in 2024	75.70%

• The increasing prevalence of obesity and related disorders drives institutional sales.
• The rising awareness about the health risks associated with obesity and the growing demand for personalized weight loss solutions are also contributing to the growth of the institution's sales segment.
• Institutions such as hospitals, clinics, and wellness centers offer a wide range of weight loss solutions, including medical therapies, weight loss surgeries, and lifestyle management programs, which are tailored to the individual needs of the patients.

Country-wise insights

Countries	CAGR (2024 to 2034)
China	5.90%
United Kingdom	4.00%
India	6.20%

Rise of eCommerce Platforms and Online Health and Wellness Portals in India

• The rise in disposable income of the middle-class population has led to an increase in spending on health and wellness products in India. People are becoming more conscious of their health and are willing to invest in products and services that can help them achieve their fitness goals.
• The growing prevalence of obesity in India has led to increased awareness about the importance of weight management.
• The rise of eCommerce platforms and online health and wellness portals has made it easier for consumers to access a wide range of weight loss and obesity management products.
• The availability of affordable and effective weight loss and obesity management solutions has also played a significant role in driving market growth in India. There are several products and services available in the market that are tailored to the specific needs of Indian consumers. These include Ayurvedic remedies, low-calorie meal replacements, and fitness programs that cater to different age groups and fitness levels.

Rise in Disposable Income and the Growing Middle Class in China

• The rise in disposable income and the growing middle class in China have led to an increased focus on health and wellness. As people become more aware of the negative health impacts of obesity and being overweight, they are seeking out products and services that can help them lose weight and maintain a healthy lifestyle.
• The prevalence of obesity in China has been steadily increasing over the past few decades.
• The Chinese government has launched several initiatives to combat obesity and promote healthy lifestyles. The initiatives include the implementation of a national fitness program and the promotion of healthy eating habits. As a result, there has been an increased awareness of the importance of weight loss and healthy living among the Chinese population.

Increasing Government Initiatives Addressing the Obesity Epidemic in the United Kingdom

• The increasing awareness and concern around the negative health impacts of being overweight or obese in the United Kingdom is driving growth in the market. With the prevalence of obesity and associated health problems such as diabetes, heart disease, and stroke, many individuals are seeking ways to manage their weight and improve their overall health.
• The United Kingdom government has been taking steps to address the obesity epidemic, including launching campaigns to promote healthy eating and physical activity, implementing sugar taxes, and investing in weight management programs.
• The government initiatives have helped to raise awareness and encourage individuals to take action to manage their weight, which is expected to drive market growth in the region.

Competitive Landscape

The market is highly competitive, with numerous players operating in the industry. Companies offer a range of products and services, including weight loss programs, meal replacements, supplements, and fitness equipment. The market is also characterized by the emergence of several start-ups and niche players who are offering innovative solutions to address the growing demand for weight loss and obesity management products and services.

Recent Developments

• In 2021, Phase IIIa study concluded that semaglutide, a weight-loss medication developed by Novo Nordisk, has the potential to improve the physical function and overall well-being of individuals who are obese.
• In 2023, a strategic partnership has been announced between PRISTYN CARE, a healthcare service provider, and Allurion, a company that specializes in developing medical devices for weight loss. Through this partnership, the two companies aim to offer a comprehensive platform for obesity care and weight-loss solutions.
• In 2022, Amgen Inc. recently shared Phase 1 findings about AMG 133, a new bispecific molecule designed as a glucose-dependent insulinotropic polypeptide receptor (GIPR) antagonist and glucagon-like peptide-1 (GLP-1) receptor agonist. The study aimed to assess the impact of this first-in-human molecule on individuals with obesity but without diabetes, with a focus on evaluating its safety, tolerability, pharmacokinetic, and pharmacodynamics effects.

Key Market Players

• Atkins Nutritionals, Inc.
• Ethicon US, LLC
• Herbalife Ltd.
• Nutrisystem, Inc.
• Weight Watchers International, Inc.
• Jenny Craig, Inc.
• Apollo Endosurgery, Inc.
• Brunswick Corporation
• Covidien plc

Key Coverage in the Weight Loss and Obesity Management Market Report

• Obesity Prevention Strategies Analysis
• Weight Loss and Obesity Management Market Assessment
• Obesity Treatment Industry Outlook
• Obesity Management Pricing Analysis
• Demand for Bariatric Surgery Devices Overlook

Key Market Segmentation

By Product Type:

• Devices
  • Liposuction Devices
  • Laser-assisted Liposuction Devices
  • Radio Frequency-assisted Liposuction Devices
  • Ultrasound-assisted Liposuction Devices
  • Bariatric Stapling Devices
  • Gastric Bands
  • Gastric Balloon Systems
  • Gastric Emptying Systems
  • Gastric Electrical Stimulation Systems
• Drugs
  • GLP-1 Receptor Agonists
  • Lipase Inhibitors
  • Serotonin Receptor Agonists
  • Combination Drugs
  • Others

By Distribution Channel:

• Institutional Sales
  • Hospitals
  • Weight Loss Clinics
  • Ambulatory Surgery Centers
• Retail Sales
  • Retail Pharmacies
  • Drug Stores
  • Online Sales

By Region:

• North America
• Latin America
• East Asia
• South Asia
• Europe
• Oceania
• MEA

Frequently Asked Questions

How Big is the Weight Loss and Obesity Management Market in 2024?

The weight loss and obesity management market is estimated to be valued at around USD 14,511 million in 2024.

What is China’s Market Outlook?

The market in China is expected to progress at a CAGR of 5.90% over the forecast period.

Which Product Segment Contributes More to the Weight Loss and Obesity Management Market?

Within the products, the drugs segment is expected to register a 48.60% market share in 2024.

What is the India's Market Outlook?

The market in India is projected to expand at a 6.20% CAGR from 2024 to 2034.

What is the Projected Value of the Market by 2034?

The market is set to reach a valuation of around USD 48,396 million by 2034.

What Was the Historical CAGR for the Market?

The demand for weight loss and obesity management increased at a 23.9% CAGR from 2019 to 2023.