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 - Starting a New Business Chapter
The Weight Loss Services industry is characterized by low barriers to entry. The industry is in the mature stage of its economic life cycle; companies are still entering because of consumers' growing demand for weight loss programs due to the rising prevalence of Americans who are either overweight or obese. While competition within the industry is high and increasing, the industry still exhibits low barriers to entry, which can be partly attributed to the high level of industry fragmentation. For example, the industry has many small weight loss companies that offer services to a niche market of local consumers.
Furthermore, there is a low level of capital investment required to enter the industry... purchase to read more