image courtesy from 'The Mighty Fit Grasshopper'
As obesity increases globally, so too does money spent on weight management systems. This trend is expected to continue as analysts theorize that the global weight loss market will reach a staggering $586.3 billion by 2014. Global Weight Loss and Diet Management Market (2009–2014), a report published by MarketsandMarkets (www.marketsandmarkets.com), also states that the North American market will account for 43% of all revenues. “This market is driven by the growing demand for weight management services, the increasing incidence of child obesity, the increasing popularity of organic and healthy food, the emergence of Asians as big spenders on health and fitness products, and the rising health and fitness consciousness of women,” states information from the report. Of the market, the devices and services sectors are estimated to account for $180.8 billion and $181.6 billion respectively.
IHRSA has also released its own report citing industry growth. The 2009 IHRSA Global Report: The State of the Health Club Industry projects that health clubs will reach 120 million members worldwide by 2010. Such numbers are promising, considering current economical difficulties. “While these are not ordinary times, the fact remains that there is simply no better industry in which to work or invest, than ours,” stated Jay Ablondi, IHRSA executive vice president of global products, in a press release.
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source: IDEA Fitness