April 13, 2024
Marketdata LLC (parent company of DietBusinessWatch) has just released new research, a report entitled: “The Telehealth Weight Loss Market”.
The market for weight loss programs delivered via telehealth / telemedicine companies is worth $6.9 billion, and growing.
Telehealth soared during the pandemic in 2020 as consumers stayed home and communicated with their physicians via Zoom video calls and by phone, email and chat. The number of telehealth companies exploded. Then, in 2021-2023, as demand for the GLP-1 weight loss medications took off, many of these telehealth providers added weight loss plans based on access to these drugs, plus support.
The market became more crowded in 2023, as more telehealth companies entered the GLP-1 drugs market, and consumers began to return to in-person doctor visits. 2025 could be a difficult year where we see consolidation, as the GLP-1 meds shortages disappear with new production capacity and the many compounding pharmacies stop making compounded semaglutide that so many dieters are now using.
Key Things To Know About Weight Loss Telehealth Services:
Market Size… Marketdata estimates that the market for telehealth weight loss services was worth $6.9 billion in 2023. Revenues are forecast to grow 8.2% in 2024.
The average weight loss telehealth service user has 5 follow-up visits per year, at a cost of $50 per visit. Monthly subscription fees costs $30-80, so the average user spends $610 per year.
Telemedicine usage soared during the pandemic.: A total of 37% of U.S. adults used telehealth services in 2021, but this declined to 22% by 2023 (56 million people), as consumers returned to their doctors in person. Telehealth is here to stay though, as more MDs invest in technology and consumers like the convenience.
2025 consolidation is likely. GLP-1 weight loss drugs are driving demand for telemedicine services. An estimated 7% of American adults (or 18 million) are now using GLP-1 drugs for weight loss. Many of them are using compounding pharmacies to get around the current shortages. However, when shortages end the virtual telehealth platforms will suffer. This will probably take place next year. Expect to see failures and acquisitions.
As of Mar 13, 2024, the average telephonic health coach in the U.S. earned $78,700 per year.
About The Report
“The Telehealth Weight Loss Market” report, 88 pages, includes in-depth analyses of: the scope of telehealth usage in the U.S., telehealth user demographics, pros and cons, criticisms, investment in telehealth, 2020-2024 market/revenue estimates, 2028 forecasts, what fees are charged by telehealth companies, recent competitor and market developments, comparisons of weight loss coaches and telemedicine coaches (number, salaries, by state), and the GLP-1 compounding pharmacies situation and its effect on the market. The report contains 22 competitor profiles. Price: $995. A detailed Table of Contents can be found at www.marketdataenterprises.com (Services tab on home page, then choose The Diet Market – Our Specialty page). Or, email us or call us and we’ll send it to you. Phone: 813-971-8080. Email: john@marketdataenterprises.com.
Order This Report
Purchase online at marketdataenterprises.com, or call us at: 813-971-8080.