United States Medical Weight Loss Market Analysis Report 2023-2027: A Skyrocketing Market for Rx Obesity Drugs and MD Programs

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Sep 19, 2023, 10:01 ET

DUBLIN, Sept. 19, 2023 /PRNewswire/ -- The "The U.S. Medical Weight Loss Market" report from Marketdata LLC has been added to ResearchAndMarkets.com's offering.

The U.S. medical weight loss market, valued at $8.8 billion, experienced a remarkable 17% growth in the past year, bouncing back from the challenges posed by the pandemic in 2020-2021.

This comprehensive report delves into the market dynamics, providing insights into its dollar value and growth rates across major segments from 1997 to 2022, with forecasts for 2023 and 2027.

This publication stands as the most comprehensive investigation of the medical weight loss market globally, covering even the small and privately-owned medical weight loss chains, franchises, hospitals, and clinics that often go unnoticed by medical associations and private research firms.

It explores the latest trends, including a significant shift toward medical weight loss programs utilizing innovative obesity drugs like Wegovy, Ozempic, and Saxenda, with more promising drugs on the horizon. The market appears to be entering a new phase emphasizing medical approaches, even with established players like Weight Watchers now offering medical plans.

Additionally, the report highlights the adaptation of medical programs to a hybrid model of virtual client meetings and in-person care, reflecting the evolving landscape of the medical weight loss industry.

Report Highlights

Effects of the Pandemic on operations & revenues for all market segments, analysis of the recovery
How dieter behavior changed with the pandemic
Findings of interviews with top managements of medical chains
The skyrocketing market for Rx obesity drugs and MD programs
Franchising as a growth strategy
Profit & Loss Statement for a typical medical weight loss center
Competitive position of medical programs vs. commercial diet centers, DIY plans, retail
Insurance coverage, the ACA and Medicare, avg. program costs
Rankings of the leading competitors by revenues, no. of sites.

Key Topics Covered:

Introduction, Scope, Methodology

Executive Overview

Summary: discussion of medical weight loss mkt. characteristics, limitations, cyclical nature
Market definition and segments
Market structure: discussion of various types of programs & providers
Discussion of total diet market and medical market's major developments since 2021
How the pandemic changed dieter behaviors

Tables:

Total diet market/mkt. segments $ value: 1997-2027 Forecast
Forecasted Growth Rates of Diet Market Segments: 2022-2027
Medical weight loss market segments: $ value (bariatric surgery, diet drugs, bariatricians' programs, hospital/clinic/MD programs, VLCDs market

Hospital & Clinic Chains Weight Loss Programs

Structure of the medical weight loss market, mix and $ value by: hospitals ^ private MD programs, clinic chains & franchises, Rx diet drugs, bariatric surgery, VLCDs
Status Report: Effects of the pandemic on medical program operations and revenues: The pivot to digital delivery, current hot Rx obesity drugs market and MDs adding Wegovy, Saxenda, Ozempic to their plans, recovery of medical programs since 2020
Types of plans offered (low-cost, moderate-cost plans, estd. no. of hospitals providing each, typical cost), Medicare coverage
Interviews with management at HMR, Medi-Weightloss, Weight Loss MD, Karol Clark
Physician-based diet programs: diet drugs/other methods used, consumer attitudes, limitations, estd. no. MDs with a weight loss program - independents vs. affiliated with chains, meds used, typical cost of MD programs
Profiles of a hospital-based weight loss program: Johns Hopkins

Major Medical Chains: Company Profiles: Lindora Clinics, Centers for Medical Weight Loss, Smart for Life, Medi-Weightloss Clinics, Medical Weight Loss of Michigan, Nuviva, Dr. G's, Let's Lose, JumpstartMD, Ideal Protein (in-depth descriptions, plan costs, estimated revenues, no. of centers, franchising growth strategies).

Tables:

Avg. revenues per site, avg. plan cost to patient, avg. income statement, start-up costs for top 8 medical weight loss chains/franchises/licensors.
Value of The U.S. Medical Weight Loss Market: 2015-2022

Bariatrician (Obesity Medicine Specialists) Programs

Status report of profession, OMA survey results (MDs by: age, income, size practice), how they're trained, number practicing, certification by OMA, use of diet drugs, treatment methods used, plan effectiveness/cost, business is up due to more surgeries, less surgeries - opinions of industry consultant.
Estimated $ value of the market for their programs: 2012-2027 F

The Weight Loss (bariatric) Surgery Market

Status Report: Effects of the pandemic on volume of procedures performed, revenues, 2021-2022 recovery
Discussion of sleeve, gastric bypass, lap band procedures, outcomes data status report & interviews with ASMBS President, a bariatric practice consultant
Costs per surgery by type payor, pros/cons, who qualifies, effect of Obamacare on coverage by 25 state exchanges
Surgery utilization and outcomes, mean cost per surgery, patient demographics
Major insurers' coverage today, status report, Medicare coverage, role of liaison firms (Obesity Help, Barix Clinics, Journey Lite - addresses), avg. cost of surgery.
Types of surgery: Roux-en-Y, lap banding, mini-gastric bypass, sleeve, consumer pros/cons
Table: No. of bariatric surgeries performed: 1992-2022
Table: $ value of the market: 1992-2027 F, outlook under Obamacare
Associations: ASBS, Obesity Action Coalition, increased lobbying efforts.
Table: $ value of the market, by type surgery: 2022

VLCD/LCD Fasting Supplement Programs

Status report of low-calorie modified fasting programs in 2022, effects of the pandemic, outlook by mgmt. at HMR, demand from hospitals for turnkey programs characterizing the mkt. (price, programs, no. of sites, increased direct-to-customer sales)
Historical nature of market - development from 1970s-1990s, enrollments, drop-out/completion rates, problem on insurance coverage, market indicators, positive/negative trends/factors
Table: Marketdata estimates of VLCD enrollments for 1995-2022 (new vs. repeat patients,
fasting vs. maintenance), $ value of mkt. for 1984-2027 F.
Company Profiles: Detailed descriptions of companies/plans, program revenues: Health Management Resources, Optifast (Nestle), Robard
Table: VLCD enrollments, $ mkt. value: Marketdata estimates: 2007-2022.

The Prescription Diet Drugs Market

Discussion: Strong recent growth of new Rx drugs (semaglutide) by Novo Nordisk fuels major boost in value of U.S. obesity meds market, MDs adding to their practices, viewing obesity as a disease, major obesity medications used today, role of MDs, commercial chains' involvement with diet drugs, why it has been tougher than thought to develop anti-obesity drugs that are effective and with minimal side effects.
Status Report: strong sales of Wegovy, Ozempic, Saxenda (Novo Nordisk annual report, $ sales) taken off the mkt., FDA rejections of: Acomplia, Taranabant, other Rx diet drugs
New obesity drugs in development to 2026: semaglutide, Mounjaro (Lilly)
Existing drugs used (Xenical, Phentermine) - descriptions
Marketdata's 2023 and 2027 outlooks for prescription diet drugs, effect of new drugs on mkt. size, discussion of this market's potential vs. drawbacks, overcoming MD and consumer attitudes, side effects, effectiveness. Moderate weight loss not enough for most dieters.

Tables

Prescriptions written and $ sales for: Meridia, Xenical, Phentermine, 12 other anti-obesity drugs (2003-2016)
Estimated Value of Obesity Drugs Sales in the United States: 2004-2027

Reference Directory of Weight Loss Information Sources

Industry & government trade associations, journals, newsletters, magazines, consultants

Companies Mentioned

Centers for Medical Weight Loss
Dr. G's
HMR
Ideal Protein
JumptStart MD
Lindora Clinics
Medi-Weightloss
Medical Weight Loss of Michigan
Nuviva
Optifast
Robard
Smart For Life

For more information about this report visit https://www.researchandmarkets.com/r/q35uv2

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