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2024 U.S. Industry Statistics & Market Forecast - Diet and Weight Reducing Centers
Market Size & Industry Statistics
The total U.S. industry market size for Diet and Weight Reducing Centers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Diet and Weight Reducing Centers industry has been experiencing several significant trends in recent years. These trends have been shaped by changing customer preferences, technological advancements, and increased competition.Firstly, there has been a growing awareness of the importance of a healthy lifestyle, taking into account diet and exercise. Many consumers have become more health-conscious and are looking to lose weight through healthy lifestyles, rather than relying solely on weight reduction centers. This change in customer attitudes has led to increased demand for personalized, holistic, and sustainable programs that focus on long-term health.
Secondly, technology has played a significant role in the evolution of the Diet and Weight Reducing Centers industry. The use of mobile applications, wearables, and other technologies has led to more personalized and data-driven programs. This has improved the customer experience by providing them with real-time feedback, tracking progress, and adapting programs according to their individual needs.
Another trend affecting the industry is the increasing competition posed by online programs and alternative weight loss options. These competing alternatives provide consumers with more affordable and convenient options for weight loss programs.
Moreover, there has been a rise in specialized weight loss programs catering to specific dietary restrictions such as vegan or gluten-free diets. These programs offer unique approaches tailored to individual customers' needs.
Lastly, there has been a growing trend in adopting holistic weight loss programs that incorporate mind and body practices such as yoga and meditation. These programs aim to promote overall well-being, including physical, emotional, and mental health.
Overall, the Diet and Weight Reducing Centers industry must keep pace with these trends by adapting their services to cater to the evolving needs of consumers.
Product & Services Breakdown
Research products and services in the Diet and Weight Reducing Centers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Weight Loss Services |
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Non-Medical Weight Loss Programs |
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Non-Medical Diet Management Services |
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Resale Of Merchandise |
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Resale Of Diet/Weight Reducing Food Supplements |
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Resale Of Other Merchandise |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Diet and Weight Reducing Centers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Diet and Weight Reducing Centers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Diet and Weight Reducing Centers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 3% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Healthcare Support Occupations | 7% | |||
| Other Healthcare Support Occupations | 6% | |||
| Massage Therapists | 6% | |||
| Massage Therapists | 6% | |||
| Personal Care and Service Occupations | 72% | |||
| Personal Appearance Workers | 66% | |||
| Barbers, Hairdressers, Hairstylists and Cosmetologists | 39% | |||
| Hairdressers, Hairstylists, and Cosmetologists | 38% | |||
| Miscellaneous Personal Appearance Workers | 26% | |||
| Manicurists and Pedicurists | 19% | |||
| Skincare Specialists | 6% | |||
| Office and Administrative Support Occupations | 13% | |||
| Information and Record Clerks | 10% | |||
| Receptionists and Information Clerks | 9% | |||
| Receptionists and Information Clerks | 9% | |||
Diet and Weight Reducing Centers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Diet and Weight Reducing Centers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Diet and Weight Reducing Centers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Diet and Weight Reducing Centers industry. |
Source:
Innovation News
- Jan 04, 2024: BSM Holdings trademarks "ENNU" - Medical clinic providing weight loss solutions, services and programs, nutrition counseling, intravenous (IV) hydration therapy services, intravenous (IV) vitamin therapy services, intravenous (IV) nutrient therapy services, optimal aging therapy, anti-aging therapy, hormone therapy, bioidentical hormone replacement, natural hormone therapy, platelet-rich plasma (PRP) injections, laser hair removal services, laser peels, botulinum toxin treatments, neurotoxin treatments, injectable neurotoxin treatments, injectable filler treatments, microdermabrasion services, microneedling treatment services, dermaplaning services, cellulite treatments, body contouring treatments, chemical peels, facials, skin care services, vein treatments, vein therapy
- Dec 29, 2023: Allurion Technologies trademarks "A" - Medical services and counseling for weight loss and weight loss management
- Dec 22, 2023: Allurion Technologies raises $100 million in funding.
- Apr 20, 2023: Allurion Technologies patents Automatic-sealing Balloon-filling Catheter System
- Apr 20, 2023: Allurion Technologies patents Automatic-sealing Balloon-filling Catheter System
- Jan 17, 2023: Allurion Technologies trademarks "A" - Downloadable mobile applications for weight loss for tracking weight loss data and accessing information relating to weight loss; downloadable software in the nature of a mobile application for weight reduction that is for tracking weight loss data, accessing information relating to weight loss and nutrition, tracking, displaying, and electronically sharing body composition data including data for body fat, body water, bone mass, muscle mass, and visceral fat, providing notifications regarding tracked weight loss data and recorded data and providing reminders regarding tracked weight loss data and recorded data; downloadable software in the nature of a mobile application for weight control that is for tracking weight loss data, accessing information relating to weight loss and nutrition, tracking, displaying, and electronically sharing body composition data including data for body fat, body water, bone mass, muscle mass, and visceral fat, providing notifications regarding tracked weight loss data and recorded data and providing reminders regarding tracked weight loss data and recorded data; digital bathroom scales; bathroom scales
- Aug 07, 2020: Healthy Bytes raises $1 million in funding.
- Apr 27, 2020: Healthy Bytes raises $1 million in funding.
- Jan 09, 2020: Allurion Technologies patents Binary Fluid Control Valve System
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