North America Weight Loss Services Market Size & Outlook
North America weight loss services market, 2016-2027 (US$M)
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North America weight loss services market highlights
- The North America weight loss services market generated a revenue of USD 5,456.4 million in 2020.
- The market is expected to grow at a CAGR of 7.3% from 2021 to 2027.
- In terms of segment, fitness equipment was the largest revenue generating equipment in 2020.
- Fitness Equipment is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2021 to 2027.
North America data book summary
| Market revenue in 2020 | USD 5,456.4 million |
| Market revenue in 2027 | USD 8,907.0 million |
| Growth rate | 7.3% (CAGR from 2020 to 2027) |
| Largest segment | Fitness equipment |
| Fastest growing segment | Fitness Equipment |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fitness Equipment, Surgical Equipment |
| Key market players worldwide | Atkins, Nutrisystem, Herbalife Ltd, Apollo Hospitals Enterprise, Johnson & Johnson, WW International Inc, WK Kellogg Co, Amer Sports Inc, Cynosure, Dr. Bernstein Diet & Health Clinics |
Other key industry trends
- In terms of revenue, North America region accounted for 39.1% of the global weight loss services market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,651.0 million by 2027.
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Weight Loss Services Market Scope
Weight Loss Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America weight loss services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to weight loss services market will help companies and investors design strategic landscapes.
Fitness equipment was the largest segment with a revenue share of 68.55% in 2020. Horizon Databook has segmented the North America weight loss services market based on fitness equipment, surgical equipment covering the revenue growth of each sub-segment from 2016 to 2027.
Major factors contributing to the growth of this market include increasing incidence of obesity, modern lifestyle, government reimbursement, and increasing healthcare expenditure.
For instance, Medicare, the national health insurance program of the U.S., covers bariatric surgical procedures such as laparoscopic banding surgery and gastric bypass surgery. Medicare Part B covers obesity screening and counseling if the Body Mass Index (BMI) is 30 or more.
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Target buyers of North America weight loss services market databook
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Our clientele includes a mix of weight loss services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America weight loss services market, including forecasts for subscribers. This continent databook contains high-level insights into North America weight loss services market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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North America weight loss services market size, by country, 2016-2027 (US$M)
North America Weight Loss Services Market Share, 2020 & 2027 (US$M)
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