Weight Management Devices Market - 38% of Growth to Originate from North America| Evolving Opportunities with Apollo Endosurgery Inc. & Cybex International Inc. |17000+ Technavio Reports
NEW YORK, Feb. 8, 2022 /PRNewswire/ -- The weight management devices market is expected to grow by USD 7.65 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 11.65%. 38% of the market's growth will originate from North America during the forecast period. The US is the key market for weight management devices in North America. Its position will remain the same as the largest market in 2026. However, market growth in this region will be slower than the growth of the market in other regions. According to the statistics provided by the Centers for Disease Control and Prevention (CDC), the adult obesity rate in the US was 42.4% in 2019. The country is dealing with an obesity crisis as, for the first time, the national rate of obesity passed 40% in 2019, an increase of 26% as compared to 2008. Obesity is estimated to increase the country's healthcare expenditure by approximately USD 149 billion annually.
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Read the 120-page report with TOC on "Weight Management Devices Market Analysis Report by Type (Fitness equipment and Surgical equipment) and Geography (North America, APAC, Europe, MEA, and South America), and the Segment Forecasts, 2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/weight-management-devices-market-industry-analysis
Some of key Weight Management Devices Players:
The weight management devices market is concentrated and the vendors are deploying growth strategies such as product innovation to compete in the market.
- Apollo Endosurgery Inc.
- Cybex International Inc.
- Duke University Health System
- Fitness World
- Johnson Health Tech Inc.
- Life fitness
- Life Time Inc.
- Mexico Bariatric Center
- Olympus Corp.
- TECHNOGYM SpA
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Weight management devices market - Drivers & Challenges
The weight management devices market is driven by the increasing prevalence of obesity. However, factors such as risk factors associated with bariatric surgeries may impede the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Weight management devices market -Revenue Generating Segment
The weight management devices market share growth by the fitness equipment segment will be significant for revenue generation. The rise in the prevalence of obesity and other chronic diseases and the significant increase in the demand for fitness equipment in gyms, health clubs, fitness centers, slimming centers, and commercial weight loss centers will facilitate the growth in this segment.
Weight Management Devices Market Type Outlook (Revenue, USD bn, 2021-2026)
- Fitness equipment - size and forecast 2021-2026
- Surgical equipment - size and forecast 2021-2026
Weight Management Devices Market Geography Outlook (Revenue, USD bn, 2021-2026)
- North America - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- MEA - size and forecast 2021-2026
- South America - size and forecast 2021-2026
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Weight Management Devices Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2021 |
Forecast period | 2022-2026 |
Growth momentum & CAGR | Decelerate at a CAGR of 11.65% |
Market growth 2022-2026 | USD 7.65 billion |
Market structure | Concentrated |
YoY growth (%) | 19.98 |
Regional analysis | North America, APAC, Europe, MEA, and South America |
Performing market contribution | North America at 38% |
Key consumer countries | US, China, UK, Japan, and Germany |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | Apollo Endosurgery Inc., Cybex International Inc., Duke University Health System, Fitness World, Johnson Health Tech Inc., Life fitness, Life Time Inc., Mexico Bariatric Center, Olympus Corp., and TECHNOGYM SpA |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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