Weight Loss Services in the US
Over the five years to 2018, the Weight Loss Services industry benefited from the growing number of overweight or obese Americans. According to the latest available data from the Centers for Disease Control and Prevention (CDC), one in three adults are considered obese or overweight. As a result, many physicians promote weight loss as a form of preventive care to lower patients' risk for obesity-related ailments, such as heart disease, stroke and type 2 diabetes. Nevertheless, industry operators contended with rising competition from do-it-yourself weight loss apps and nutrition plans, which cut into industry revenue growth. Despite a projected rise in obesity, industry revenue is forecast to decrease over the next five years, though profit is expected to remain stable.
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.