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 business weight reduction packages corresponding 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 companies, medical weight reduction franchises, compounding pharmacies, and entrepreneurs — all seeking to money in. Nevertheless, the get together could quickly be over for the compounders, because the FDA declared an finish to the scarcity of the most important medicine.
What 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 greater than tripled since 2019, to $33.8 billion in 2024. Common annual progress of 12% is forecast by 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 spanking new GLP-1 medicine. Greater than 8% of Individuals 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 Individuals opted for the brand new medicine as an alternative. This market phase is price $5.29 billion.
Hospitals have had a blended document with weight reduction packages. 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 packages represented 11.7% of the whole 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 business 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 are usually not rising.
The place to Be taught Extra
For extra in-depth data, remember to 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 functional place with intensive major analysis.
In regards to the Creator: John LaRosa is the President of Marketdata LLC and is the creator of 100+ business and market research. His analysis seems in high media retailers together with ABC, CNN, Fox, Forbes, USA At present, The Wall Avenue Journal, The New York Instances, and a wide range of commerce journals.
