Telehealth soared through the pandemic in 2020 as customers stayed dwelling and communicated with their physicians through Zoom video calls and by cellphone, e mail and chat. The variety of telehealth corporations exploded. Then, in 2021-2023, as demand for the GLP-1 weight reduction drugs took off, many of those telehealth suppliers added weight reduction plans primarily based on entry to those medicine, plus assist.
The market turned extra crowded in 2023, as extra telehealth corporations entered the GLP-1 medicine market, and customers started to return to in-person physician visits. 2025 might be a tough 12 months the place we see consolidation, because the GLP-1 meds shortages disappear with new manufacturing capability and the various compounding pharmacies cease making compounded semaglutide that so many dieters are actually utilizing.
Prime Issues to Know About Weight Loss Telehealth Companies
- Market measurement: Marketdata estimates that the marketplace for telehealth weight reduction companies was value $6.9 billion in 2023. Revenues are forecast to develop 8.2% in 2024.
- Common prices for customers: The common weight reduction telehealth service person has 5 follow-up visits per 12 months, at a price of $50 per go to. Month-to-month subscription charges value $30-80, so the common person spends $610 per 12 months.
- Use of telehealth companies: Telemedicine utilization soared through the pandemic. A complete of 37% of U.S. adults used telehealth companies in 2021, however this declined to 22% by 2023 (56 million folks), as customers returned to their docs in particular person. Telehealth is right here to remain although, as extra MDs spend money on know-how and customers just like the comfort.
- 2025 consolidation is probably going: GLP-1 weight reduction medicine are driving demand for telemedicine companies. An estimated 7% of American adults (or 18 million) are actually utilizing GLP-1 medicine for weight reduction. Lots of them are utilizing compounding pharmacies to get across the present shortages. Nonetheless, when shortages finish, the digital telehealth platforms will endure. This may most likely happen subsequent 12 months. Anticipate to see failures and acquisitions.
- Well being coach salaries: As of Mar 13, 2024, the common telephonic well being coach within the U.S. earned $78,700 per 12 months.
The place to Be taught Extra
To seek out out extra, make sure you learn Marketdata’s new report on the telehealth companies for weight reduction market, which supplies detailed data on buyer demographics, market measurement and progress, weight reduction coaches, compounding pharmacies, and the aggressive panorama.
In regards to the Creator: John LaRosa is the President of Marketdata LLC and is the creator of 100+ trade and market research. His analysis seems in high media retailers together with ABC, CNN, Fox, Forbes, USA At present, The Wall Road Journal, The New York Occasions, and quite a lot of commerce journals.
