Industry Analysis & Industry Trends
During the past five years, the Weight Loss Services industry tightened its belt, as low disposable income caused many consumers to curb demand for weight loss services. However, as the number of overweight and obese Americans continues to rise, demand for weight loss services will increase as well. In addition, growing awareness of the preventive role of weight loss has increased demand for industry services, with the goal of addressing health ailments such as diabetes, heart disease and other health problems. Therefore, in the five years to 2019, favorable increases in consumers' per capita disposable income, coupled with the growing prevalence of overweight or obese individuals, will propel revenue growth... purchase to read more
Industry Report - Industry Analysis Chapter
During the past five years, the Weight Loss Services industry has contended with many budget-conscious consumers curbing their demand for weight loss services. For example, many individuals have implemented do-it-yourself fitness and dietary regimens, which has cut into demand for weight loss services. Nevertheless, the industry has benefited from the growing number of overweight or obese individuals, which has resulted in more individuals that may require weight loss services. However, industry revenue is expected to decline at an annualized rate of 0.6% to $2.5 billion.
Despite this trend, industry revenue is anticipated to grow 3.2% in 2014, thanks to healthcare reform, which will require health insurance providers to include screening and counseling for obese individuals... purchase to read more