The global Weight Loss Services Market was appreciated at US$ 11.1 billion during 2017 and is expected to touch US$ 21.1 billion by 2025. It is expected to witness a CAGR of 8.4% during the period of forecast.
This is attributed to an extensive demand for weight loss services; thanks to increases in health consciousness coupled with growth in per capita healthcare expenditure. It has been reported that one of the prime concerns across the globe is “obesity”; which is, in turn, the cause of loads of health complications like cardiovascular diseases (CVDs), cancers, and diabetes.
Players:
The players contributing to the weight loss services market include Nutrisystem, Inc.; WW International, Inc.; Johnson Health tech; Apollo Endo surgery, Inc.; Diet Health, Inc.; Cynosure, Inc.; Amer Sports; Herbal Life International, Inc.; and Kellogg Co. Organic growth is being emphasized on. For instance – Nutrisystem, Inc.; in July 2018, did introduce an entirely novel line of vitamin packs to South Beach Diet programs. Prior to that, in Oct 2016, Atkins Nutritionals, in collaboration with Chef’d, did launch low-carb meals to cater to health-conscious customers.
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Trending:
Loads of fitness initiatives and campaigns are being undertaken by key players with regard to raising awareness about fitness and health. This factor is also expected to drive the weight loss services market in the near future. North America is the torchbearer; more so after the introduction of the “Treat and Reduce Obesity Act 2017” in the U.S. As such, people are encouraged to adhere to apt diet plan along with resorting to equipment for exercising.
Market Segmentation:
Equipment Outlook:
- Fitness Equipment
- Cardiovascular Equipment
- Strength Training Equipment
- Infrared Light Therapy Equipment
- Surgical Equipment
- Bariatric Surgery Equipment
- Non-invasive Surgical Equipment
Services Outlook:
- Fitness Centers
- Slimming Centers
- Consulting Services
- Surgery
Payment Outlook:
- Government
- Private Insurance
- Out of Pocket
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