NEW
YORK, June 26, 2024 /PRNewswire/ -- The global
weight management devices market size is estimated to grow by
USD 5.21 billion from 2024-2028,
according to Technavio. The market is estimated to grow at
a CAGR of 6.78% during the forecast period.
Growing obese population is driving market growth, with a trend
towards integration of digital technologies in weight management
devices. However, risk factors associated with bariatric surgeries
poses a challenge. Key market players include 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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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Type (Fitness equipment
and Surgical equipment), Distribution Channel (Offline and Online),
and Geography (North America, APAC, Europe, Middle East and Africa,
and South America)
|
Region
Covered
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
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
|
Key Market Trends Fueling Growth
The weight management devices market has experienced significant
growth due to the increasing popularity of smart exercise
equipment. These devices, connected to the internet, offer numerous
benefits for users and fitness clubs. They provide real-time
equipment usage information, performance insights, and remote
monitoring capabilities. Notable vendors, such as CoreX Fit Life,
Nautilus, Inc., and Peloton Interactive, offer innovative products
like the CoreX fitness machine, JRNY digital platform, and Peloton
Tread smart treadmill, respectively. These devices offer a wide
range of exercises, trainer-led workouts, and personalized
coaching, making weight management more convenient and
effective.
The Weight Management Devices market is currently experiencing
significant growth, with various innovative solutions emerging.
Functions such as calorie tracking, heart rate monitoring, and
sleep analysis are trending. Obesity and weight-related diseases
are concerns driving demand for these devices. Consumers seek
convenient, user-friendly solutions to help them achieve their
weight loss goals. Surge in digitalization and the availability of
affordable options are also contributing factors. Centers for
Disease Control and Prevention stress the importance of regular
exercise and healthy eating habits. Profiles of successful users
and social media influence are effective marketing tools. Consumers
are increasingly turning to wearable technology and smartphone apps
for weight management. Phytosciences, for instance, offers a range
of functional foods and supplements to support weight loss efforts.
Stay tuned for more updates on this evolving market.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The bariatric surgeries market encompasses procedures like
gastric bypass, adjustable banding, and sleeve gastrectomy for
weight management. These surgeries treat obesity and related
conditions such as diabetes, high blood pressure, and cholesterol.
However, they carry potential risks including acid reflux,
anesthesia complications, nausea, infection, and weight regain.
Non-reversible procedures like sleeve gastrectomy may worsen acid
reflux. Complex surgeries like gastric bypass have risks of small
bowel complications and ulcers. Adjustable banding involves device
installation with risks of band slippage and swallowing problems.
These risks may deter adoption and impact the demand for weight
management devices.
- The Weight Management Devices market faces several challenges
in the implementation and use of equipment for weight management.
These include the need for consistency in centres and training for
users to ensure proper use of the devices. The cost and
availability of these devices, especially in developing countries,
is also a significant challenge. Additionally, the integration of
these devices with electronic health records and other digital
health platforms is essential for effective weight management
programs. The complexity of these systems can be a barrier to
adoption, requiring ongoing support and maintenance. Furthermore,
the need for privacy and security of user data is crucial in this
market. Overall, addressing these challenges will require
collaboration between manufacturers, healthcare providers, and
regulatory bodies to ensure the availability, affordability, and
effectiveness of weight management devices.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This weight management devices market report extensively covers
market segmentation by
- Type
- 1.1 Fitness equipment
- 1.2 Surgical equipment
- Distribution Channel
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Fitness equipment- The global weight
management devices market's largest segment in 2023 was fitness
equipment. This segment, which includes cardiovascular training
equipment, strength-building equipment, fitness-monitoring devices,
and other weight management tools, is expected to expand during the
forecast period. Fitness equipment caters to various establishments
like gyms, health clubs, and commercial weight loss centers. The
market's growth is driven by the increasing prevalence of obesity
and chronic diseases such as diabetes and cardiovascular diseases.
Prominent vendors offer diverse cardiovascular training equipment,
such as elliptical trainers, treadmills, and stationary cycles, and
strength-building equipment, including plate-loaded machines and
free weights. The availability of a wide range of fitness equipment
fuels the market's growth.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The Weight Management Devices Market encompasses a range of
products and services designed to assist individuals in managing
their weight and improving overall health. This market includes the
sale of protein supplements, which provide essential nutrients for
muscle growth and recovery. Additionally, fitness equipment such as
cardiovascular training equipment and strength training equipment
are integral to this market, allowing users to engage in regular
workouts and maintain a healthy lifestyle. Furthermore, the service
segment of this market includes consultation services from
healthcare professionals, providing guidance on weight management
strategies and the treatment of chronic diseases like diabetes,
hypertension, and orthopedic conditions. Functional beverages and
functional food, as dietary supplements, also play a role in this
market, offering nutritional benefits that support weight
management and disease prevention. Surgical equipment and health
clubs are other significant components of the Weight Management
Devices Market, catering to those requiring more intensive
interventions or seeking a comprehensive fitness and wellness
experience. Equipment costs vary depending on the specific product
or service, making affordability a crucial factor for consumers. In
summary, the Weight Management Devices Market offers a diverse
range of products and services, from protein supplements and
fitness equipment to consultation services and functional food, all
aimed at helping individuals manage their weight and improve their
health.
Market Research Overview
The Weight Management Devices Market encompasses a range of
technologies and solutions designed to assist individuals in
monitoring and managing their weight. These devices include smart
scales, fitness trackers, and wearable technology. They provide
essential data such as body weight, body fat percentage, and other
health metrics. Furthermore, some devices offer features like food
tracking, activity monitoring, and personalized weight loss plans.
These tools aim to promote healthier lifestyles and support
sustainable weight loss goals. The market for weight management
devices continues to grow, driven by increasing health
consciousness and the availability of advanced technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Fitness Equipment
- Surgical Equipment
- Distribution Channel
-
- Geography
-
- North America
- APAC
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio