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Weight Loss Services Market Growth, Trends, Segmentation And Analysis Report To 2033

Weight Loss Services Market Overview

Weight Loss Services Market Overview

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Weight Loss Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $24.48 billion In 2028 At A CAGR Of 9.6% :

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 in the historic period can be attributed to changing societal perceptions of body image, introduction of commercial weight loss programs, growth of the fitness and wellness industry, evolving lifestyle and dietary patterns.

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 growth in the forecast period can be attributed to rise in telehealth and remote services, innovation in wearable health , focus on mental health and behavioral well-being, expansion of wellness and prevention programs, shift towards preventive health solutions. Major trends in the forecast period include expansion of corporate wellness programs, emphasis on sustainable and long-term results, incorporation of behavioral modification techniques, scientific advancements in nutrition and exercise physiology.

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Weight Loss Services Market Major Segments
The weight loss services market covered in this report is segmented -

1) By Service: Slimming Centers, Fitness centers, Consulting services, Weight loss programs
2) By Equipment: Fitness equipments, Surgical equipments
3) By Diet: Meal, Beverages
4) By Medications: Drugs, Supplements

Key Driver - Surge In Aging Population Drives Growth In The Weight Loss Services Market

The rising aging population is expected to propel the growth of the weight loss services market going forward. The aging population refers to an increase in the proportion of elderly people due to changes in the age structure of a population. Weight loss services help the aging population who are obese and have a high prevalence of being overweight due to age-related changes in body composition, which include a progressive rise in fat mass and a reduction in lean mass and bone density. For instance, according to the United Nations Department of Economic and Social Affairs September or instance, in October 2022, according to the World Health Organization, a Switzerland-based Intergovernmental organization, projected that by the year 2030, one out of every six individuals globally would be 60 years old or older. During this period, the proportion of the population aged 60 and over is expected to rise from 1 billion in 2020 to 1.4 billion. Furthermore, by the year 2050, the global population of individuals aged 60 and older is anticipated to double, reaching 2.1 billion. Therefore, the rise in the aging population is driving the growth of the weight loss services market.

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Prominent Trend - Tech Advancements In The Weight Loss Services Market

Technological advancements are a key trend gaining popularity in the weight loss services market. Major companies in the weight loss products and services market are using advanced technologies to sustain their position in the market. For instance, in February 2021, Performance Health Systems, a US-based company operating in weight loss services, launched the Personal Power Plate with its whole-body vibration technology. The unique feature of the new technology is that it delivers faster and more effective results for all fitness levels, regardless of physical limitations. Additionally, squats, planks, lunges, and other exercises are performed on the vibrating power plate to help attain the fitness objectives more quickly and efficiently than with only traditional training.

Weight Loss Services Market Players
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

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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Weight Loss Services Market Report Structure
3. Weight Loss Services Market Trends And Strategies
4. Weight Loss Services Market - Macro Economic Scenario
5. Weight Loss Services Market Size And Growth
…..
27. Weight Loss Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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