Olympus Corporation, Johnson & Johnson Services, Inc., ICON Health & Fitness are dominating the Global Weight Management Market in 2018

Global Weight Management Market is expected to grow with the substantial CAGR of 6.4% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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  • Global weight management market is an upcoming market which includes key players and local players. The market is growing owing to the favorable market scenario. The market has a prominent growth in upcoming years due to government initiatives towards weight management and growing consumption of healthy diets. The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of weight management market. For instance,
  • In 2018, Kellogg Co. (Michigan, U.S.) had launched Sweet New Twist along with New Strawberry Krispies. With this product launch the company had strengthen it product portfolio.

Olympus Corporation dominated the weight management market and accounts for the highest market share in 2018 which is followed by TECHNOGYM USA Corp, Johnson & Johnson Services, Inc., Medtronic, BRUNSWICK CORPORATION, Apollo Endosurgery, Inc., Nautilus, Inc, ICON Health & Fitness, Johnson Health Tech. The Simply Good Foods Company, Herbalife International of America, Inc, Kellogg Co.,The Coca-Cola Company, PepsiCo, Inc, OTSUKA HOLDINGS CO.  LTD., Amway, VLCC, WW International, Inc., NUTRISYSTEM, INC, WW International, Inc., ICON Health & Fitness, DUKE DIET & FITNESS CENTER, Jenny Craig, SLIMMING WORLD, EQUINOX, INC, EDIETS.COM, Life Time, Inc., MoreLife and Hologics Inc. among others.

Olympus Corporation:

Olympus Corporation, headquartered in Tokyo, Japan, was founded in 1919. The company focuses on manufacturing and selling of the precision machineries and instruments. The Company is engaged in providing products related to medical and surgical, cameras and Audio, life science solution and industrial solutions. 

  • In April 2019, Olympus Corporation had won Silver in 2019 Edison Awards for the ENDOEYE FLEX 3D and FlexDex Needle Driver.  The product is developed by FlexDex, Inc., which applies its FlexDex technology to simplify the suturing procedures.  This distinguished awards which is inspired by Thomas Edison's persistence and inventiveness, had recognized innovation, creativity and ingenuity in the global economy

It has its global networks through direct sales representatives and distributors in the Americas, Asia Pacific, Europe, the Middle East and Africa.

The company also market their products through its subsidiaries such as KeyMed (U.K.), Gyrus ACMI, Inc (U.S.), Olympus Corporation of the Americas (U.S.), Olympus New Zealand Limited (New Zealand)), Olympus Korea Co., Ltd. (Korea) among others.

Johnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. headquartered in New Jersey, U.S. was founded in 1886. The company mainly focuses on the research and development, manufacturing and sales of a wide range of products in the health care field. The market focus segment and category of the company is medical devices, and the product categories are pharmaceutical products, consumer products and medical devices

  • In February 2019, the company had entered into a decisive agreement to acquire Auris Health, Inc. for about USD 3.4 billion in cash. This acquisition will accelerate the entry of Johnson & Johnson’s into robotics with potential for growth and expansion into other interventional applications.

It has its global networks through direct sales representatives and distributors in Europe, Asia-Pacific, Middle East & Africa, North America and South America.

The company also market their products through its subsidiaries such as Janssen Global Services, LLC (Belgium), Neutrogena (U.S.), DePuy Synthes (U.S.), Ethicon USA, LLC. (U.S.), Janssen Global Services, LLC, (Belgium) among others.

ICON Health & Fitness

ICON Health & Fitness headquartered in Utah, U.S. was founded in 1977. The company focuses on their innovations for the customer’s healthy life. The company is engaged in providing various brands including nordictrack, IFIT, proform, freemotion, gold’s gym, weider, weslo, healthrider, universal technical services and lotus. The market focused brands are NordicTrack, IFIT, Proform & Freemotion.

  • In February 2019, MarCom Award was won by ICON Health & Fitness for recognisible achievement done by communication and marketing professionals. With this award the company had global presence as well as increased awareness about their product portfolio

It has its global networks through direct sales representatives and distributors in North America, Europe, Asia-Pacific and South America.