Over the past five years, the Weight Loss Services industry has contended with reduced demand, as many budget-conscious consumers curbed their use of weight loss services. For example, many individuals have implemented do-it-yourself fitness and dietary regimens, cutting into demand for weight loss services. However, over the next five years, the industry is expected to rebound slightly from the previous five-year period. More health-conscious individuals will become aware of how weight loss plays an integral role in health and overall wellness, helping industry revenue. Further benefiting the industry, many physicians and health insurance providers will promote weight loss as a form of preventive care in order to lower healthcare costs.
Companies in this industry provide nonmedical services to clients and assist these individuals with losing or maintaining a desired weight. Services typically include individual or group counseling, menu and exercise planning and weight and body measurement monitoring. Industry operators may also sell food supplements and other weight-reduction products. This industry does not include fitness centers, health resorts and spas or medical and surgical weight-reduction services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.