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Weight Loss Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Weight Loss Services Market Research Report | NAICS 81219a | Feb 2016

Weighing in: An increasing number of health-conscious consumers will benefit the industry

IBISWorld’s Weight Loss Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
-1.0%
Annual Growth 16-21
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Profit
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Employment
71,567
Businesses
14,959
Industry Analysis & Industry Trends

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, cutting into demand for weight loss services. However, over the next five years, the industry is expected to rebound from the previous five-year period. As more health-conscious individuals become aware of how weight loss plays an integral role in health and overall wellness, industry revenue will grow. Further benefiting industry revenue, many physicians and health insurance providers will promote weight loss as a form of preventive care in order to lower healthcare costs... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Weight Loss Services industry has a moderate level of market share concentration. In 2016, the top three weight loss service companies are expected to account for 57.6% of total revenue. While the industry is characterized by moderate market share concentration over the five-year period, it was highly saturated in prior periods. According to Bloomberg, in 2015, Weight Watchers experienced the largest decline in its stock prices since the company's initial public offering (IPO) in 2001. Overall, this is indicative of the industry as a whole, which has been typified by large weight loss service companies grappling to remain afloat in line with the proliferation of weight loss apps... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Weight Loss Services Industry?

Companies in this industry provide nonmedical services to clients and assist these individuals with losing or maintaining a desired weight. Services typically include individual or group counseling, menu and exercise planning, and weight and body measurement monitoring. Industry operators may also sell food supplements and other weight-reduction products. This industry does not include fitness centers, health resorts and spas, or medical or surgical weight-reduction services.

Industry Products
Meeting feesInternet feesIn meeting product sales
 
Industry Activities
Operating nonmedical weight loss centersIndividual or group counseling for weight lossDiet workshopsSelling food supplements and other weight reduction productsMenu and exercise planningWeight and body measurement


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