Digital Health for Obesity Market at a CAGR of 21% with Top Players | WW International, MyFitnessPal, Teladoc Health, Inc, Fitnesskeeper Inc, Healthify, Fitbit, Inc. and More

Global Digital Health for Obesity Market, valued at USD 49.4 billion in 2023, and forecasted to achieve a 21.00% CAGR to Forecast 2031, Factors such as expanding smartphone usage, evolving lifestyle patterns characterized by sedentary behaviors and poor dietary habits, surging incidence of chronic illnesses, growing healthcare spending, and enhanced availability of virtual healthcare services are fueling the uptake of digital health solutions in tackling obesity.

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The market is poised for growth fueled by the rising adoption of smartphones in both developed and developing nations, the cost efficiency of digital health technology, and the expansion of integrated health systems and patient-centered healthcare approaches.

Digital Health for Obesity Market Top Key Players:

Teladoc Health, Inc.
Fitnesskeeper Inc.
Healthify (My Diet Coach)
Fitbit, Inc.
Noom
PlateJoy HEALTH
WW International
MyFitnessPal
Tempus
WellDoc
Sidekick Health
BioAge Labs

Highlights from the Digital Health For Obesity Market Report:

the services segment emerged as the top revenue contributor, driven by heightened demand for installation, maintenance, training, and related services.

The patient segment secured the largest market share in 2023 and is poised to experience the fastest CAGR of over 22% throughout the forecast period.

North America maintained its market dominance, capturing over 35% of the revenue share, This was fueled by increased healthcare IT spending, robust digital infrastructure, technological advancements, and the emergence of startup ventures.

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Global Digital Health For Obesity Market Segmentation:

By Component:

Software
Hardware
Services

End-user:

Patients
Providers
Payers
Others

By Region:

North America
Europe
Asia Pacific
Rest of the World

Recent Developments:

In July 2023, Alfie Health introduced its ObesityRx platform, leveraging artificial intelligence to analyze metabolic profiles and identify underlying causes of weight gain. This platform offers personalized treatment strategies and behavioral modifications. Initial data suggests that a cohort of 300 patients utilizing this approach experienced an average weight loss of 10% to 15% over a nine-month period.

In Dec 2023, Hims & Hers, a leading digital health firm, unveiled its latest weight loss program, offering digital monitoring tools, educational content, and access to medications. Notably, this program currently excludes prescriptions for popular weight loss medications known as GLP-1s.

Also in Dec 2023, Knownwell, a comprehensive healthcare provider integrating virtual and in-person services, launched knownwell teens, a specialized clinical program aimed at supporting the 14 million children and adolescents in the U.S. struggling with obesity.

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This release was published on openPR.