$6.9 Billion Weight Loss Telehealth Market Grows, However Will get Crowded

Female doctor on the phone while using a computer in her officeTelehealth soared throughout the pandemic in 2020 as customers stayed dwelling and communicated with their physicians by way of Zoom video calls and by cellphone, e mail and chat. The variety of telehealth corporations exploded. Then, in 2021-2023, as demand for the GLP-1 weight reduction drugs took off, many of those telehealth suppliers added weight reduction plans based mostly on entry to those medication, plus help.

The market turned extra crowded in 2023, as extra telehealth corporations entered the GLP-1 medication market, and customers started to return to in-person physician visits. 2025 could possibly be a troublesome 12 months the place we see consolidation, because the GLP-1 meds shortages disappear with new manufacturing capability and the numerous compounding pharmacies cease making compounded semaglutide that so many dieters are actually utilizing.

High Issues to Know About Weight Loss Telehealth Companies

  • Market measurement: Marketdata estimates that the marketplace for telehealth weight reduction companies was price $6.9 billion in 2023. Revenues are forecast to develop 8.2% in 2024.
  • Common prices for customers: The typical weight reduction telehealth service consumer has 5 follow-up visits per 12 months, at a value of $50 per go to. Month-to-month subscription charges value $30-80, so the common consumer spends $610 per 12 months.
  • Use of telehealth companies: Telemedicine utilization soared throughout the pandemic. A complete of 37% of U.S. adults used telehealth companies in 2021, however this declined to 22% by 2023 (56 million folks), as customers returned to their medical doctors in particular person. Telehealth is right here to remain although, as extra MDs put money into know-how and customers just like the comfort.
  • 2025 consolidation is probably going: GLP-1 weight reduction medication are driving demand for telemedicine companies. An estimated 7% of American adults (or 18 million) are actually utilizing GLP-1 medication for weight reduction. A lot of them are utilizing compounding pharmacies to get across the present shortages. Nonetheless, when shortages finish, the digital telehealth platforms will undergo. This can in all probability happen subsequent 12 months. Count on to see failures and acquisitions.
  • Well being coach salaries: As of Mar 13, 2024, the common telephonic well being coach within the U.S. earned $78,700 per 12 months.

The place to Be taught Extra

To search out out extra, you should definitely learn Marketdata’s new report on the telehealth companies for weight reduction market, which gives detailed info on buyer demographics, market measurement and progress, weight reduction coaches, compounding pharmacies, and the aggressive panorama.

Concerning the Creator:  John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in high media shops together with ABC, CNN, Fox, ForbesUSA At the momentThe Wall Road JournalThe New York Occasions, and quite a lot of commerce journals. 

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