Overweight and obesity are defined as abnormal or excessive amounts of fat that pose a threat to health. Overweight is defined as having a body mass index (BMI) above 25, and obesity as having a BMI over 30. It is one of the most prevalent disease conditions across the world. It affects individuals in developed, emerging, and undeveloped regions. The weight loss and obesity management services involve the use of certain products such as dietary supplements, medications, surgical interventions, and fitness equipment. The World Health Organisation classifies a person as overweight or obese if their Body-Mass-Index is more than or equal to 25, and obese if it is larger than or equal to 30.
Market Dynamics
Increasing incidence of obesity in developed and developing economies around the world is expected to assist the growth of global weight loss and obesity management market during the forecast period. For instance, in March 2022, according to World Health Organization (WHO), stated that more than 1 billion people worldwide are obese which includes 650 million adults, 340 million adolescents and 39 million children. Moreover, increasing launch of weight management programs by key players in the market is expected to assist growth of the weight loss and obesity management market during the forecast period. For instance, April 2023, Teladoc Health, Inc., a multinational telemedicine and virtual healthcare company, announced the launch of Provider-Based Care for weight management and pre-diabetes programs. Provider-Based Care delivers a unique and integrated care experience for members, including access to a Teladoc Health physician for a personalized care plan, along with coaching for day-to-day guidance with actionable digital tools.
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