Industry Background:
The global weight loss services market is expected to witness high growth in the forecasted year due to growing awareness about the health and fitness across the world. The weight loss services offer services such as diet, surgical equipment, fitness equipment, and drugs & supplements. According to the World Health Organization (WHO) estimates, more than 1.4 billion adults 20 years or older are overweight and obese. The overweight causes various diseases such as cardiovascular (CVD), type 2 diabetes, strokes and even chances of cancer. Thus, increasing concern regarding obesity and overweight weight are the drivers of the global market. The FDA approvements related to the weight loss drugs also help to boost the global weight loss services market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | NutriSystem (United States), Covidien PLC (Ireland), WW International Inc. (United States), Jenny Craig Inc. (United States), Medifast, Inc. (United States), BistroMD (United States), Rosemary Online (United Kingdom), Herbalife Nutrition (United States), Schiff Nutrition International Inc. (United States), Cybex International (United States), Equinox (United States) and Amer Sports Oyj (Finland) |
According to AMA, the market for Weight Loss Services is expected to register a CAGR of 8.52% during the forecast period to 2027. This growth is primarily driven by Upsurging Overweight and Obese Population Across the Globe and Increasing Disposable Incomes will Ultimately Increase the Demand for Weight Loss Services.
Globally, a noticeable market trend is evident Growing Awareness about Rising Health Issues Due to Obesity
The Managed Health Care sector in the North Amercia region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as NutriSystem (United States), Covidien PLC (Ireland), WW International Inc. (United States), Jenny Craig Inc. (United States), Medifast, Inc. (United States), BistroMD (United States), Rosemary Online (United Kingdom), Herbalife Nutrition (United States), Schiff Nutrition International Inc. (United States), Cybex International (United States), Equinox (United States) and Amer Sports Oyj (Finland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key players from the market are adopting expansions, investments, new service launches, and collaborations as their preferred strategies due to a highly competitive market. The players are expanding their regional presence through numerous strategic alliances to avail competitive edge through combined synergies. In addition to this, the weight loss supplement vendors have adopted various innovative strategies in order to increase product visibility and revenue sales. These supplements are effective and are consumed with their regular diet.
Regulatory Insights:
FDA approves weight loss drugs which suppress appetite by affecting one or more neurotransmitters in the brain which also control appetite and mood. Various appetite suppressants increase the secretion of dopamine, norepinepheine or serotonin or inhbit the reuptake of these neurotransmitters into the nerve cell.
Influencing Trend:
Growing Awareness about Rising Health Issues Due to Obesity and Rising Adoption of Weight Loss Treatments with Minimal Side Effects
Market Growth Drivers:
Upsurging Overweight and Obese Population Across the Globe and Increasing Disposable Incomes will Ultimately Increase the Demand for Weight Loss Services
Challenges:
Numerous Side Effects Associated with the Overconsumption of Drugs and Supplements and Stringent Government Regulations on Manufacturing Dietary Food Products and Medicines
Restraints:
Growing Instances of False and Misleading Advertisements and Lack of Awareness from the Underdeveloped Regions about Weight Loss Treatments
Opportunities:
Introduction to Highly Advanced Surgical Treatments, Drugs, and Supplements and Ongoing Research and Developments in Developing New Weight Loss Treatments
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Weight Loss Services Market
- Analysis about New Entrants in Weight Loss Services Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Weight Loss Services Study Sheds Light on
The Weight Loss Services Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Weight Loss Services industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Weight Loss Services industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.