WEIGHT MANAGEMENT MARKET ANALYSIS
The global weight management market is highly fragmented with several companies operating locally. To increase their footprint in the market, major players are adopting strategies such as new product launches, partnerships, acquisitions, and agreements. In October, 2017, EnteroMedics Inc. acquired ReShape Medical Inc. The acquisition added ReShape Medical’s FDA-approved ReShape Dual Weight Loss Balloon, a minimally invasive intragastric balloon to treat obese people. This product will complement EnteroMedical’s weight loss solutions portfolio. Ortho Molecular Products—manufacturer of supplements and nutraceuticals—selected Nattopharma as its exclusive partner for distribution of its Vitamin K2, during the same month. In August, 2017, Europharma Inc.—the producers of Terry Naturally brand of weight management supplement—introduced its new weight loss product Slim-VX1 in the U.S. The product is the end result of blending ginger with VX1, a French grape seed extract. The product was clinically studied in the U.K and showed boost in metabolism, reduction in fat accumulation and body mass index (BMI), along with reduced food cravings, and enhanced feeling of fullness.
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