Weight Loss Services Market Growth, Drivers, Analysis And Forecast 2033

The new report published by The Business Research Company, titled ""Weight Loss Services Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
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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