Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "Global Digital Health for Obesity Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering.
The global digital health for obesity market is poised for significant growth, with projections indicating a climb from USD 47.51 billion in 2023 to USD 457.40 billion by 2034. This represents a Compound Annual Growth Rate (CAGR) of 22.86% for the forecast period between 2024 and 2034. A convergence of factors including increased smartphone penetration, a rise in sedentary lifestyles, unhealthy dietary habits, and a higher prevalence of chronic diseases contribute to the growth. Enhanced healthcare investment and a broader shift towards preventive healthcare models are also notable contributors.
Emerging digital health platforms leveraging advanced technologies such as artificial intelligence (AI) are set to revolutionize obesity care. These platforms are designed to offer more personalized and efficient weight management solutions. For example, comprehensive platforms that use AI to generate metabolic profiles can effectively address the individual factors contributing to obesity, presenting users with customized treatment and lifestyle recommendations.
Scope of the Report
- Base Year: 2023
- Forecast Period: 2024-2034
- Market Forecast by Component and End-user
- Market Forecast for 5 Regions and 17+ Countries
- Exhaustive Company Profiles of the Top 10+ Market Players
Segments Leading the Market
The services segment surpassed other components in revenue generation in 2023, driven by a pressing need for continued software maintenance and training, and an increase in sophisticated software solution deployments. Yet, the software segment is anticipated to grow at the fastest pace during the forecast period, fueled by widespread adoption across stakeholders in the healthcare sector. End-user-wise, patients represented the highest revenue segment, with a growing number of individuals actively managing their health via digital solutions. However, healthcare providers are expected to experience rapid growth in digital tool adoption, aiming to offer personalized and accessible care remotely.
Regional Market Insights
North America currently holds the largest market share, attributed to technological advancements, supportive government initiatives, and increased investments in healthcare. Innovative digital health platforms in this region are enhancing the patient journey through comprehensive disease management tools and personalized support. On the other hand, the Asia-Pacific market is projected to register the fastest growth throughout the forecast period. This uptick is due to the expanding smartphone penetration, a growing emphasis on health IT, and a rising prevalence of obesity which are stimulating the launch of groundbreaking initiatives in the region.
Companies Featured
- Healthify (My Diet Coach)
- WW International
- Teladoc Health Inc.
- BioAge Labs
- PlateJoy HEALTH
- Noom
- Fitnesskeeper Inc.
- WellDoc
- Fitbit Inc.
- Tempus
- MyFitnessPal
- Sidekick Health
For more information about this report visit https://www.researchandmarkets.com/r/u7pg9m
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