The tide has turned to a higher concentrate on medical weight reduction packages, lots of which are actually utilizing the brand new weight problems medicine. The large story of 2022 has been the hovering demand for brand spanking new medicine corresponding to Wegovy, Ozempic, and Saxenda, with extra new medicine coming quickly.
The market could also be getting into a brand new period centered on medical approaches, as extra physicians and different medical professionals add weight reduction providers to their follow. This consists of nurses, dieticians, licensed well being coaches, and OB/GYNs. The 108 million Individuals which are overweight are prime candidates for medically supervised weight reduction packages, as a consequence of their extra critical circumstances corresponding to diabetes.
High 6 Issues to Know Concerning the U.S. Medical Weight Loss Market
- The worth of the U.S. medical weight reduction market is estimated to have grown 17% throughout 2022, to $8.8 billion, recovering floor misplaced to the pandemic and fueled by a close to doubling of weight problems drug gross sales. One other 10% achieve is forecast for 2023.
- The market could also be getting into a brand new period centered on medical approaches, as a brand new era of prescription weight problems medicine from Novo Nordisk, Eli Lilly, and others hit the market. Even Weight Watchers now offers a medical plan. The prescription weight problems medicine market practically doubled to $1.56 billion in 2022, because of the excessive demand for brand spanking new semaglutide medicine.
- The load loss surgical procedure market is valued at $5.7 billion, slated to develop to $8.5 billion by 2027. This may contain 340,000 yearly procedures.
- Hospitals have had a combined file with weight reduction packages (excluding surgical procedure). Solely 28% of the nation’s 4,000 neighborhood hospitals present some type of weight reduction program – 1,150 hospitals.
- Medical weight reduction packages represented 11.7% of the whole $75.5 billion U.S. weight reduction market in 2022, and this share is forecast to rise to 13.4% by 2027.
- Medical weight reduction franchises are estimated to generate $150 million in system-wide gross sales yearly.
Further Weight Loss Market Information
To be taught extra about this market, see Marketdata’s new report, revealed April 2023 entitled The U.S. Medical Weight Loss Market, probably the most complete investigation of the medical weight reduction market revealed by anybody worldwide. The report covers:
- Greenback worth & development charges of all main medical weight reduction market segments
- Newest market developments and developments
- In-depth evaluation of weight reduction surgical procedure; packages by bariatricians; packages by hospitals, clinics, and impartial MDs; packages by very low calorie weight-reduction plan distributors; and the prescription weight problems medicine market
Concerning the Writer: John LaRosa is the President of Marketdata LLC and is the creator of 100+ business and market research. His analysis seems in prime media shops together with ABC, CNN, Fox, Forbes, USA As we speak, The Wall Avenue Journal, The New York Occasions, and quite a lot of commerce journals.
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