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

Over the five years to 2018, the Weight Loss Services industry benefited from the growing number of overweight or obese Americans. According to the latest available data from the Centers for Disease Control and Prevention (CDC), one in three adults are considered obese or overweight. As a result, many physicians promote weight loss as a form of preventive care to lower patients' risk for obesity-related ailments, such as heart disease, stroke and type 2 diabetes. Nevertheless, industry operators contended with rising competition from do-it-yourself weight loss apps and nutrition plans, which cut into industry revenue growth. Despite a projected rise in obesity, industry revenue is forecast to decrease over the next five years, though profit is expected to remain stable...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-4.6%
Forecast Growth 18-23
Profit
Employment
68,182
Businesses
36,459

Industry Threats & Opportunities

  • Operators contended with rising competition from do-it-yourself weight loss apps and nutrition plans
  • Operators were unable to contend with high external competition
  • Many Americans are expected to turn to weight loss services to achieve their fitness goals
  • Industry Report - Industry SWOT Analysis Chapter

    The Weight Loss Services industry is in the mature phase of its life cycle. Industry products are well established and weight loss companies need to differentiate their product to generate robust sales volumes, which is typically indicative of an industry in the mature life cycle stage. Despite this, over the 10 years to 2023, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to decline at an annualized rate of 3.1%. Comparatively, GDP is anticipated to grow at annualized rate of 2.1% during the same period.While the obesity rate is rising, which may incite more individuals to purchase industry products, weight loss companies will be subject to rising competition. In ...purchase to read more.

    Additional Insights for the Weight Loss Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Weight Loss Services Industry are

  • Ability to provide goods/services in diverse locations
  • Receiving the benefit of word of mouth recommendations
  • Undertaking technical research and development
  • IBISWorld analysts also discuss how external factors such as Adult obesity rate and Percentage of services conducted online in the Weight Loss Services industry impact industry performance..

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    What's in this report

    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 and surgical weight-reduction services.

    Industry Products
  • Meeting fees
  • In-meeting product sales
  • Other fees
  • Industry Activities
  • Operating nonmedical weight loss centers
  • Individual or group counseling for weight loss
  • Diet workshops
  • Selling food supplements and other weight reduction products
  • Menu and exercise planning
  • Weight and body measurement
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Adult obesity rate
  • Percentage of services conducted online
  • Healthy eating index
  • Per capita disposable income
  • Participation in sports

  • Current Performance
  • Obesity on the rise
  • Competition from medical services
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising rate of obesity
  • Shifting competition
  • Table: Weight Loss Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Weight Loss Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Advertising Agencies
  • Couriers & Local Delivery Services
  • Frozen Food Production

  • Products & Services
  • Meeting fees
  • In-meeting product sales
  • Other fees
  • Chart: Weight Loss Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 39 and younger
  • Consumers aged 40 to 59
  • Consumers aged 60 and older
  • Chart: Major Market Segmentation for the Weight Loss Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Weight Loss Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Weight Loss Services Industry

  • Industry Globalization
    Weight Watchers International Inc., Nutrisystem Inc., MediFast Inc.,
  • Table: Weight Watchers International Inc. - financial performance
  • Table: Nutrisystem Inc. - financial performance
  • Table: MediFast Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Weight Loss Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Weight Loss Services Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Alli
  • An FDA-approved over-the-counter weight loss pill.
  • Body Mass Index (Bmi)
  • A measure of body mass based on a person's weight and height and used to estimate a healthy body weight.
  • Obesity
  • A medical condition in which excess body fat has accumulated to the extent that it may have an adverse effect on health, leading to reduced life expectancy and increased health problems.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Weight Loss Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Weight Loss Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Weight Loss Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Weight Loss Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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