Weight Loss Services Global Market Report 2024

Description

Weight Loss Services Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on weight loss services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for weight loss services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The weight loss services market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Service: Slimming Centers; Fitness centers; Consulting services; Weight loss programs
2) By Equipment: Fitness equipment; Surgical equipment
3) By Diet: Meal; Beverages
4) By Medications: Drugs; Supplements
Companies Mentioned: Herbalife Nutrition Ltd.; Kellogg Company; NutriSystem Inc.; Nu Skin Enterprises Inc.; Atkins Nutritionals Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Weight loss services encompass a range of services designed to aid individuals in reducing body weight, sustaining lower body weight over the long term, and preventing further weight gain. These services offer various health benefits, including the reduction of blood pressure, cholesterol, and blood sugar levels.

The primary types of weight loss services include slimming centers, fitness centers, consulting services, and weight loss programs. Fitness centers are facilities focused on health, recreation, and social activities related to exercise, sports, and other physical activities. The equipment used in these services includes fitness equipment and surgical tools. Dietary components involve meals and beverages, often complemented by medications such as drugs and supplements.

The weight loss services market research report is one of a series of new reports from The Business Research Company that provides weight loss services market statistics, including weight loss services industry global market size, regional shares, competitors with a weight loss services market share, detailed weight loss services market segments, market trends and opportunities, and any further data you may need to thrive in the weight loss services industry. This weight loss services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The weight loss services market size has grown strongly in recent years. It will grow from $15.59 billion in 2023 to $16.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth observed in the historical period can be attributed to several factors, including changing societal perceptions of body image, the introduction of commercial weight loss programs, the expansion of the fitness and wellness industry, and shifts in lifestyle and dietary patterns. These factors collectively contributed to an increased demand for weight loss services during the historical period.

The weight loss services market size is expected to see strong growth in the next few years. It will grow to $24.48 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period can be attributed to various factors, including the rise in telehealth and remote services, innovation in wearable health technology, an increased focus on mental health and behavioral well-being, the expansion of wellness and prevention programs, and a broader shift towards preventive health solutions. These trends align with the evolving landscape of healthcare and the growing emphasis on holistic well-being. Major trends expected in the forecast period include the expansion of corporate wellness programs, an emphasis on sustainable and long-term results in weight management, the incorporation of behavioral modification techniques for more comprehensive approaches, and scientific advancements in the fields of nutrition and exercise physiology. These trends reflect the industry's response to changing consumer preferences and a deeper understanding of the multifaceted nature of health and wellness.

The projected rise in the aging population stands as a key driver propelling the growth of the weight loss services market. As the proportion of elderly individuals increases globally, weight loss services cater to this demographic segment facing obesity and weight-related issues due to age-related changes in body composition. These changes typically involve an increase in fat mass and a decline in lean mass and bone density. Data from the World Health Organization indicates a significant shift in demographics, projecting that by 2030, one in every six individuals globally will be aged 60 or older. This demographic shift anticipates a surge from 1 billion to 1.4 billion individuals aged 60 and above by 2030, and by 2050, this population segment is estimated to double, reaching 2.1 billion. Consequently, the rising aging population emerges as a primary driver fueling the expansion of the weight loss services market.

The escalating rates of obesity worldwide are anticipated to further drive the growth of the weight loss services market. Obesity, characterized by excessive body fat accumulation leading to adverse health impacts, necessitates effective weight management strategies. Weight loss services play a critical role in combating and managing obesity by offering tailored approaches for healthy weight reduction. Statistics from the World Health Organization highlight the severity of the global obesity epidemic, with over 1 billion individuals affected, comprising 650 million adults, 340 million adolescents, and 39 million children. These figures continue to rise, projecting that by 2025, approximately 167 million individuals, encompassing both adults and children, will face health challenges due to being overweight or obese. Consequently, the increasing prevalence of obesity serves as a significant driving force behind the expansion of the weight loss services market.

Technological advancements represent a prominent trend gaining traction within the weight loss services market. Key companies in this sector are leveraging advanced technologies to fortify their market positions. For instance, in February 2021, Performance Health Systems, a US-based entity operating in the weight loss services domain, introduced the Personal Power Plate featuring whole-body vibration technology. This innovative technology offers faster and more effective results across various fitness levels, catering to individuals with physical limitations. Additionally, exercises such as squats, planks, and lunges performed on the vibrating power plate aid in achieving fitness objectives more efficiently than traditional training methods alone.

Prominent players within the weight loss services market are strategically introducing specialized weight loss programs, such as Provider-Based Care for weight management and prediabetes programs, to address critical health challenges. These programs constitute integrated healthcare services that merge physician expertise with digital tools to offer personalized care plans and coaching. For instance, in April 2023, Teladoc Health, a US-based virtual healthcare company, expanded its services by launching Provider-Based Care for weight management and prediabetes. This extension builds upon their existing diabetes and hypertension services, granting members access to Teladoc Health physicians for tailored care plans, coaching, and digital tools. The program aims to tackle cardiometabolic health risk factors by aiding individuals in weight loss, diabetes management, and prevention using evidence-based guidelines and medications like GLP-1 agonists and SGLT2 inhibitors. By integrating nutrition, activity tracking, sleep management, and mental health tools, the comprehensive approach strives to enhance overall health outcomes.

In November 2022, Audax Private Equity, a US-based firm specializing in middle-market investments, acquired Medi-Weightloss Inc. for an undisclosed sum. This strategic acquisition underscores Audax's intention to leverage its expertise and strategic initiatives in bolstering patient outcomes, enhancing unit performance, and expanding the geographic reach of Medi-Weightloss. Medi-Weightloss Inc. is a premier US-based medical weight loss provider, operating clinics that specialize in science-based, physician-supervised weight-loss and wellness programs. The acquisition is poised to empower Medi-Weightloss Inc. with strategic support, enabling advancements in patient care, operational efficiency, and geographical expansion of its specialized weight loss programs.

Major companies operating in the weight loss services market report are Herbalife Nutrition Ltd., Kellogg Company, NutriSystem Inc., Nu Skin Enterprises Inc., Atkins Nutritionals Inc., Brunswick Corporation, Gold's Gym International Inc., Jenny Craig Inc., Covidien Ltd., eDiets.com Inc., WW International Inc., Apollo Endosurgery Inc., Abbott India Limited, Cargill Incorporated, General Mills Inc., Ingredion Incorporated, Noom Inc., MyFitnessPal, Medifast Inc., Slimming World, 24 Hour Fitness, Beachbody LLC, Orangetheory Fitness, Retrofit Inc., The Camp Transformation Center, Life Time Fitness, Profile by Sanford, Metabolic Research Center, Dr. G's Weight Loss & Wellness, The Biggest Loser Resort

North America was the largest region in the weight loss services market in 2023. The regions covered in the weight loss services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the weight loss services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The weight loss services market includes revenues earned by entities by provide weight loss services such as gyms, club facilities, aerobic centers, yoga centers, and endurance exercises. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r13165

1. Executive Summary

2. Weight Loss Services Market Characteristics

3. Weight Loss Services Market Trends And Strategies

4. Weight Loss Services Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Weight Loss Services Market Size and Growth

5.1. Global Weight Loss Services Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Weight Loss Services Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Weight Loss Services Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Weight Loss Services Market Segmentation

6.1. Global Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Slimming Centers
Fitness centers
Consulting services
Weight loss programs
6.2. Global Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Fitness equipments
Surgical equipments
6.3. Global Weight Loss Services Market, Segmentation By Deit, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Meal
Allograft
6.4. Global Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Drugs
Supplements

7. Weight Loss Services Market Regional And Country Analysis

7.1. Global Weight Loss Services Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Weight Loss Services Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Weight Loss Services Market

8.1. Asia-Pacific Weight Loss Services Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Weight Loss Services Market

9.1. China Weight Loss Services Market Overview
9.2. China Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Weight Loss Services Market

10.1. India Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Weight Loss Services Market

11.1. Japan Weight Loss Services Market Overview
11.2. Japan Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Weight Loss Services Market

12.1. Australia Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Weight Loss Services Market

13.1. Indonesia Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Weight Loss Services Market

14.1. South Korea Weight Loss Services Market Overview
14.2. South Korea Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Weight Loss Services Market

15.1. Western Europe Weight Loss Services Market Overview
15.2. Western Europe Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Weight Loss Services Market

16.1. UK Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Weight Loss Services Market

17.1. Germany Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Weight Loss Services Market

18.1. France Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Weight Loss Services Market

19.1. Italy Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Weight Loss Services Market

20.1. Spain Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Weight Loss Services Market

21.1. Eastern Europe Weight Loss Services Market Overview
21.2. Eastern Europe Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Weight Loss Services Market

22.1. Russia Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Weight Loss Services Market

23.1. North America Weight Loss Services Market Overview
23.2. North America Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Weight Loss Services Market

24.1. USA Weight Loss Services Market Overview
24.2. USA Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Weight Loss Services Market

25.1. Canada Weight Loss Services Market Overview
25.2. Canada Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Weight Loss Services Market

26.1. South America Weight Loss Services Market Overview
26.2. South America Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Weight Loss Services Market

27.1. Brazil Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Weight Loss Services Market

28.1. Middle East Weight Loss Services Market Overview
28.2. Middle East Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Weight Loss Services Market

29.1. Africa Weight Loss Services Market Overview
29.2. Africa Weight Loss Services Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Weight Loss Services Market, Segmentation By Equipment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Weight Loss Services Market, Segmentation By Medications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Weight Loss Services Market Competitive Landscape And Company Profiles

30.1. Weight Loss Services Market Competitive Landscape
30.2. Weight Loss Services Market Company Profiles
- 30.2.1. Herbalife Nutrition Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Kellogg Company
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. NutriSystem Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Nu Skin Enterprises Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Atkins Nutritionals Inc
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Weight Loss Services Market Competitive Benchmarking

32. Global Weight Loss Services Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Weight Loss Services Market

34. Weight Loss Services Market Future Outlook and Potential Analysis

34.1 Weight Loss Services Market In 2028 - Countries Offering Most New Opportunities
34.2 Weight Loss Services Market In 2028 - Segments Offering Most New Opportunities
34.3 Weight Loss Services Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer