At no different time within the U.S. weight reduction market historical past has one product so dominated the market as have the brand new GLP-1 weight reduction medicine. American dieters have flocked to them, shunning industrial weight reduction applications comparable to Weight Watchers, Medifast, in addition to retail and MLM meal replacements.
Demand soared in 2023 and 2024 for Ozempic, Wegovy, Saxenda, Mounjaro and Zepbound — with extra new medicine coming within the subsequent few years.
The booming marketplace for GLP-1 medicine has attracted physicians, nurses, dieticians, telemedicine providers, medical weight reduction franchises, compounding pharmacies, and entrepreneurs — all trying to money in. Nevertheless, the celebration could quickly be over for the compounders, because the FDA declared an finish to the scarcity of the main medicine.
What to Know Concerning the U.S. Medical Weight Loss Market
- The worth of the U.S. medical weight reduction market is estimated to have greater than tripled since 2019, to $33.8 billion in 2024. Common annual progress of 12% is forecast by means of 2028.
- The prescription weight problems medicine market soared from $5.0 billion in 2022 to $26.4 billion by 2024, because of the excessive demand for brand new GLP-1 medicine. Greater than 8% of People at the moment are estimated to be utilizing them.
- The variety of weight reduction surgical procedures has declined 25% since 2022, to 211,000 procedures, as People opted for the brand new medicine as a substitute. This market phase is price $5.29 billion.
- Hospitals have had a combined file with weight reduction applications. Solely 29% of the nation’s hospitals (about 1,400) present some type of weight reduction program — surgical procedure or a non-surgical program.
- Medical weight reduction applications represented 11.7% of the entire U.S. weight reduction market in 2022, however this share is forecast to triple to 36% by 2028.
- Prescription weight reduction medicine have stolen main market share from industrial weight reduction firms, the meal replacements market, well being golf equipment, the bariatric surgical procedure market, and extra.
- The highest 11 medical weight reduction franchises and regional chains are estimated to generate $264 million in system-wide gross sales yearly. Most franchises should not rising.
The place to Study Extra
For extra in-depth data, make sure you take a look at the brand new report The U.S. Medical Weight Loss Market: The Affect of GLP-1s on Docs, Hospitals, Clinics and Franchises by Marketdata, which presents a whole image of the market multi function place with intensive major analysis.
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 prime media retailers together with ABC, CNN, Fox, Forbes, USA At the moment, The Wall Avenue Journal, The New York Instances, and quite a lot of commerce journals.
