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In-Depth Analysis of the Weight Loss Services Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Weight Loss Services Market Size
The increase in the elderly population is predicted to spur the expansion of the market for weight loss services. The term "aging population" refers to a surge in the ratio of older individuals, resulting from alterations in a population's age structure. Weight loss services are beneficial for the elderly, who are often obese or overweight due to age-associated body composition changes, such as a gradual increase in fat mass and a decrease in lean mass and bone density. For example, the United Nations Department of Economic and Social Affairs projected in September 2022 or the World Health Organization, a Swiss-based intergovernmental organization, indicated in October 2022 that by 2030, one in every six people worldwide will be 60 or older. During this time, the portion of the population 60 and over is anticipated to rise from 1 billion in 2020 to 1.4 billion. Moreover, by 2050, the global count of people aged 60 and above is expected to double, hitting 2.1 billion. Consequently, the growing aging population fuels the expansion of the weight loss services market.
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What Is the projected market size and growth rate for the weight loss services market?
The market for weight loss services has seen robust growth in the previous years. The market is projected to increment from $16.81 billion in 2024, advancing to $18.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.5%. The historical growth has been driven by shifts in societal views on body image, the launch of commercial weight loss programs, expansion of the fitness and wellness sector, and alterations in lifestyle and eating habits.
The market for weight loss services is predicted to exhibit vigorous growth in the forthcoming years, anticipated to inflate to $27.1 billion by 2029, registering a compound annual growth rate (CAGR) of 10.4%. The surge during the forecast period can be tied to the increase in telehealth and remote services, advancements in wearable health technology, concentration on mental health and behavioral wellness, growth of wellness and prevention programs, and a shift towards preventive healthcare solutions. Significant trends for the forecast period encompass the growth of corporate wellness programs, focus on achieving sustainable and long-lasting results, integration of behavioral adjustment techniques, and scientific progress in nutrition and exercise physiology.
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What new trends are reshaping the weight loss services market and its opportunities?
The rise in technological innovations are significantly influencing trends in the weight loss services industry. To maintain their market presence, major industry players in the weight loss products and services sector are leveraging cutting-edge technologies. For instance, in September 2024, a multinational fitness equipment manufacturer, NordicTrack, in alliance with ProForm, a leading fitness equipment brand in the US, unveiled a variety of intelligent fitness devices coupled with a responsive AI coach and enhanced operating system. iFIT's recent product launch is the biggest to date, offering a comprehensive range of new fitness machinery that includes treadmills, bikes, ellipticals, and a rower. The product range varies from the premium X24 Incline Treadmill priced at $3,999 to the ProForm Carbon Pro 2000 Treadmill at $1,499. All the unveiled products feature improved screens, accelerated processors, and are complemented by the novel iFIT software, integrating a sophisticated operating system and an AI Coach, presently in its Final development phase. This AI Coach is conceptualised to offer a customised, immersive fitness experience that assists users to cultivate healthy habits and uphold accountability.
What major market segments define the scope and growth of the weight loss services market?
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 Equipment, Surgical equipment
3) By Diet: Meal, Beverages
4) By Medications: Drugs, Supplements
Subsegments:
1) By Slimming Centers: Weight Management Clinics, Medical Weight Loss Centers
2) By Fitness Centers: Gyms And Health Clubs, Personal Training Services, Group Fitness Classes
3) By Consulting Services: Nutrition Counseling, Lifestyle Coaching, Online Consultation Services
4) By Weight Loss Programs: Structured Meal Plans, Online Weight Loss Programs, Behavioral Therapy Programs
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Which region dominates the weight loss services market?
North America was the largest region in the weight loss services market in 2024. The regions covered in the weight loss services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the weight loss services industry growth?
Major companies operating in the weight loss services market are Herbalife Nutrition Ltd., NutriSystem Inc., Atkins Nutritionals Inc., Gold's Gym International Inc., Jenny Craig Inc., WW International Inc., Apollo Endosurgery 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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What Is Covered In The Weight Loss Services Global Market Report?
• Market Size Forecast: Examine the weight loss services market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the weight loss services market for a structured understanding.
• Key Players Overview: Analyze major players in the weight loss services market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the weight loss services market.
• Segment Contributions: Evaluate how different segments drive overall growth in the weight loss services market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the weight loss services market.
• Industry Challenges: Identify potential risks and obstacles affecting the weight loss services market.
• Competitive Landscape: Review strategic developments in the weight loss services market, including expansions, agreements, and new product launches.
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