About Medical Wellness
The changing healthcare environment requires an integrative approach to health and medical care. Growing medical cost threaten the economic vitality of the healthcare option. Medical wellness here plays a vital role as it is ideal for people with a risk factor or chronic diseases for those whose lifestyle may have significant factor influencing development and course of diseases. Medical wellness is an approach to delivering healthcare which states the optimal well-being.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy has increased product portfolio, making a partnership to adopt certain technologies and acquiring small players to finish the competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Wellness market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
WTS International (United States), The Body Holiday (Saint Lucia), Mindbody (United States), Massage Envy (United States), ClearCost Health (United States), Enrich Hair & Skin (India), Gold’s Gym International (United States), World Gym (United States), VLCC Wellness Center (India) and Kaya Skin Clinic (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Guardian Lifecare (India) and Healthkart (India).
Segmentation Overview
AMA Research has segmented the market of Global Medical Wellness market by Type (Complementary and Alternative Medicine, Beauty Care and Anti-Aging, Preventative & Personalized Medicine and Public Health, Healthy Eating, Nutrition & Weight Loss, Rejuvenation and Other) and Region.
On the basis of geography, the market of Medical Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Franchise will boost the Medical Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Cases of Mental Illness
Market Growth Drivers:
Expansion of Consumer Base and Wellness Industries and Inclination Towards Preventive Measures to Prevent Diseases
Challenges:
High Pricing Required For Medical Wellness
Restraints:
Lack of Awareness Regarding Medical Wellness and Unavailability of Functional Healthy Foods
Opportunities:
New Research on Wellness Procedure Using Alternative Medicines and Rise In Disease Population Due To The Sedentary Lifestyle
Market Leaders and their expansionary development strategies
In May 2023, Bonatra, a healthtech startup, on Tuesday announced that it has acquired women’s health and wellness company MyAva. Through this acquisition, Bonatra aims to expand its holistic healthcare programs and become a one-stop platform for the management of chronic health conditions, the company announced.
In April 2023, Apollo Diagnostics, a prominent healthcare services provider, has recently launched Xpert Health, a new wellness category that offers personalized healthcare to patients for preventive health packages. Xpert Health aims to provide patients with easy and affordable access to high-quality healthcare services.
Key Target Audience
Medical Wellness Food Manufacturers, Medical Wellness Food Distributors/Traders/Wholesalers, Medical Wellness Food Sub-component Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.