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Weight Loss Services Market Growth Forecast 2024-2033: What’s the Expected Rate?

There has been a robust increase in the size of the weight loss services market in the past few years. It is set to expand from a market value of $15.59 billion in 2023 to $16.97 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth seen in the past can be linked to shifts in societal views on body image, the launch of commercial weight loss plans, the rising fitness and wellness industry, and changing lifestyle and diet habits.

Within the next few years, the market for weight loss services is set to witness robust growth. It is projected to reach a whopping $24.48 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 9.6%. This predicted expansion during the forecast period can be credited to the increase in telehealth and remote services, enhanced health wearable innovations, heightened emphasis on mental and behavioral health, the scaling-up of wellness and prevention programs, and a shift towards preventive health solutions. Significant trends expected in the forecast period comprise the growth of corporate wellness programs, the focal point on sustainable and long-lasting results, the integration of behavior alteration strategies, and scientific breakthroughs in nutrition and exercise physiology.

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What Factors Are Impacting the Growth of the weight loss services Market?

The expected surge in the elderly populace is anticipated to drive the expansion of the weight loss services market. This surge is due to a shift in demographics where the fraction of elderly individuals increases. Weight reduction services are vital for older individuals who are susceptible to obesity and have a higher tendency to be overweight due to age-induced shifts in body composition. These shifts involve an incremental increase in fat, and a drop in lean mass and bone density. For instance, the United Nations Department of Economic and Social Affairs disclosed and the World Health Organization, a Switzerland-based governing body, forecasted in September or October of 2022 that by 2030, one sixth of the global populace would be at least 60 years old. During this time frame, the ratio of people aged 60 and above will increase from one billion in 2020 to 1.4 billion. Moreover, by the middle of this century, the international demographic of people aged 60 or above is projected to multiply and reach 2.1 billion. Consequently, this growth in the elderly populace is propelling the weight loss services market.

What Are the Notable Segments in 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 equipments, Surgical equipments

3) By Diet: Meal, Beverages

4) By Medications: Drugs, Supplements

What Trends Are Shaping the New Direction of the Weight Loss Services Market?

The adoption of technological breakthroughs is a rising trend in the weight loss services industry. Prominent businesses in the weight loss products and services sector are employing innovative technologies to maintain their market stance. For example, Performance Health Systems, a US company in the weight loss services business, introduced the Personal Power Plate featuring its all-body vibration technology in February 2021. What sets this new technology apart is its ability to deliver faster and more potent results for all fitness levels, without regard to physical restrictions. Furthermore, exercises such as squats, lunges, planks, and others are executed on the resonating power plate to faster and more efficiently achieve fitness goals as compared to traditional training alone.

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Which Regions Are Making a Mark in the Weight Loss Services Market Growth?

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 Weight Loss Services Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the weight loss services market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Weight Loss Services Market Include

1. Weight Loss Services Market Executive Summary

2. Weight Loss Services Market Segments

3. Weight Loss Services Market Size And Template Market Growth Rate

4. Key Weight Loss Services Market Trends

5. Major Weight Loss Services Market Drivers

……

25. Key Mergers And Acquisitions In The Weight Loss Services Market

26. Top Weight Loss Services Companies

27. Weight Loss Services Market Opportunities And Strategies

28. Weight Loss Services Market, Conclusions And Recommendations

29. Appendix

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