Weight Loss Services Market Overview
Dublin, Oct. 15, 2024 (GLOBE NEWSWIRE) —
The global weight loss services market size is anticipated to reach USD 60.48 billion by 2030
The “Weight Loss Services Market Size, Share and Trends Analysis Report by Function (Fitness Equipment, Surgical Equipment, Services), Payment (Out-of-Pocket, Government, Private), and Region 2024-2030” report has been added to ResearchAndMarkets.com’s offering. The market is projected to grow at a CAGR of 7.6% from 2024 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.
Impact of Weight Loss Services Market on Individuals
The growing weight loss services market provides individuals with a wide range of options to improve their health and achieve their weight loss goals. From fitness equipment to specialized services, individuals have access to resources that can help them lead a healthier lifestyle and reduce the risk of chronic health issues.
Impact of Weight Loss Services Market on the World
The expansion of the weight loss services market indicates a growing global awareness of the importance of maintaining a healthy weight and lifestyle. As more people invest in weight loss services, there is a potential for a decrease in obesity-related health complications on a global scale. This trend has the potential to positively impact public health outcomes worldwide.
Conclusion
In conclusion, the weight loss services market is poised for significant growth in the coming years, driven by increasing awareness of obesity-related health issues and the development of innovative weight loss solutions. As individuals and the world at large prioritize health and well-being, the market is expected to continue to expand, offering opportunities for individuals to improve their health and contributing to a healthier global population.
