$8.8 Billion U.S. Medical Weight Loss Market Poised for Future Development

man taking a weight loss drugThe 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 targeted on medical approaches, as extra physicians and different medical professionals add weight reduction providers to their follow. This contains nurses, dieticians, licensed well being coaches, and OB/GYNs. The 108 million People which might be overweight are prime candidates for medically supervised weight reduction packages, resulting from their extra severe circumstances corresponding to diabetes.

High 6 Issues to Know In regards to 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% acquire is forecast for 2023.
  • The market could also be getting into a brand new period targeted 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 almost doubled to $1.56 billion in 2022, because of the excessive demand for brand spanking new semaglutide medicine.
  • The burden loss surgical procedure market is valued at $5.7 billion, slated to develop to $8.5 billion by 2027. It will contain 340,000 yearly procedures.
  • Hospitals have had a combined report with weight reduction packages (excluding surgical procedure). Solely 28% of the nation’s 4,000 group hospitals present some type of weight reduction program – 1,150 hospitals.
  • Medical weight reduction packages represented 11.7% of the entire $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 Knowledge

To be taught extra about this market, see Marketdata’s new report, revealed April 2023 entitled The U.S. Medical Weight Loss Market, essentially the most complete investigation of the medical weight reduction market revealed by anybody worldwide. The report covers:

  • Greenback worth & progress charges of all main medical weight reduction market segments 
  • Newest market tendencies and developments
  • In-depth evaluation of weight reduction surgical procedure; packages by bariatricians; packages by hospitals, clinics, and unbiased MDs; packages by very low calorie food plan distributors; and the prescription weight problems medicine market

In regards to the Creator:  John LaRosa is the President of Marketdata LLC and is the writer of 100+ trade and market research. His analysis seems in prime media retailers together with ABC, CNN, Fox, ForbesUSA Right this momentThe Wall Avenue JournalThe New York Occasions, and quite a lot of commerce journals. 

Further Articles

Leave a Reply

Your email address will not be published. Required fields are marked *