The global Weight Loss Services market size is expected to be worth around US$ 22.1 billion by 2030, according to a new report by Vision Research Reports.
The global Weight Loss Services market size was valued at US$ 12.1 billion in 2020 and is anticipated to grow at a CAGR of 9.4% during forecast period 2021 to 2030.
Rising cases of obesity and resultant health consciousness along with increased per capita healthcare expenditure are the key factors fueling the market growth. Obesity is among the major health concerns that lead to a number of associated diseases or complications, such as diabetes, Cardiovascular Diseases (CVDs), and cancers. For instance, as per WHO, in 2016, more than 1.9 billion adults were overweight, out of which around 650 million people were obese.
Such instances are expected to encourage people to maintain proper health to help lower the risk of such chronic health issues, thereby augmenting market growth. Key companies in the market are focusing on the development of new ways for weight loss, such as Zumba, sports-specific performance training, aquatic exercise classes, and weight loss supplements. For instance, in August 2018, Herbalife International launched Herbalife24 ACHIEVE protein bar, a convenient, energy-providing snack. This product launch may increase the company’s popularity among athletes worldwide. Hence, such initiatives are anticipated to drive the market.
Fitness equipment is expected to be the fastest-growing segment over the forecast period. Increasing awareness about health and fitness among people is positively impacting the market. In addition, the development of wearable technologies and incorporation of various smart devices in fitness equipment are among the key factors expected to drive the segment. The fitness equipment segment is further divided into cardiovascular equipment, strength training equipment, infrared light therapy equipment, and others.
Cardiovascular equipment is expected to grow at the highest CAGR over the forecast years. This growth can be attributed to various factors, such as ongoing initiatives undertaken by major companies and incorporation of cardiovascular training equipment with new technologies, especially in commercial clubs, health clubs, and gyms.
The non-invasive surgical equipment segment is estimated to expand at the fastest CAGR. Lesser adverse effects and rapid healing after noninvasive surgeries are the major factors propelling demand for this equipment. Greater efficiency of these procedures as compared to conventional surgical procedures is also an added advantage. For instance, as per the American Society of Plastic Surgeons, Liposuction rate has increased by 5% from 2019 to 2017 and noninvasive fat reduction procedure rate increased by 7% during the same duration. These factors are anticipated to propel the segment growth in the future.
Private insurance is expected to be the fastest-growing payment segment during the estimated period. Growing number of weight loss surgeries due to rising cases of obesity is one of the major reasons for segment growth. Gastric bypass, gastric sleeve, and lap band surgeries are usually covered by private insurance and since these surgeries offer effective outcomes, they have high demand. For instance, as per the Australian Institute of Health and Welfare (AIHW), hospital admission for weight loss surgery in Australia grew to 22,713 between 2014 and 2025 from 9,300 between 2005 and 2006.
Weight loss surgeries, such as endoscopic sleeve gastroplasty, gastric balloon, and tummy tuck, are generally not covered under insurance procedures, which impeded their adoption. The out-of-pocket segment is anticipated to dominate the overall market in the years to come. This segment includes services, such as fitness centers, slimming centers, and consulting services. Increasing awareness about health and fitness is expected to surge demand for these services.
Consulting services is expected to witness the fastest growth over the forecast period. Presence of key companies and various initiatives undertaken by them are expected to have a positive impact on the consulting services segment. Cost-effectiveness of such services is also an added advantage. Growing cases of obesity and increasing awareness about fitness result in increased demand for fitness centers.
Various health initiatives by major companies with an aim to impart fitness consciousness might also surge demand. For instance, Equinox, a luxury gym brand, organized a fitness campaign in New York in 2017, with an aim to create awareness about health and fitness. Such initiatives are expected to boost demand. However, long-term programs and high membership costs can limit people from joining such centers, as other low-cost alternatives are also available. Therefore, the segment is anticipated to witness moderate growth.
Atkins Nutritionals, Inc.; Nutrisystem, Inc.; Herbal Life International, Inc.; Apollo Endosurgery, Inc.; Johnson Health Tech; WW International, Inc.; Kellogg Co.; Amer Sports; Cynosure, Inc.; and Diet Health, Inc
Strength Training Equipment
Infrared Light Therapy Equipment
Bariatric Surgery Equipment
Non-invasive Surgical Equipment
Services Type Outlook
Payment Type Outlook
Out of Pocket
The Weight Loss Services market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Weight Loss Services market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Weight Loss Services market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Weight Loss Services market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Weight Loss Services market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Weight Loss Services capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Weight Loss Services by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Weight Loss Services market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Weight Loss Services market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Weight Loss Services market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Weight Loss Services industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Weight Loss Services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Weight Loss Services market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Weight Loss Services market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Weight Loss Services market. These factors have benefited the growth of the global market for Weight Loss Services. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Weight Loss Services. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Weight Loss Services are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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