Industry Background:
Increased emphasis on effective health and wellness products and a healthy lifestyle by consumers will help to boost global health and wellness market. Augmented adoption is the refining economic condition of nations international, which gives liberty to lower- and middle-class consumers to spend more on their health and well-being. The demand for healthcare devices, organic foods, exercise equipment, and supplementary diets has also augmented the growth of the market. Many vendors have been focusing on launching free health coaching, community gatherings centered on self-care, giveaway campaigns, nutrition, and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Bayer AG (Germany), Brunswick Corp. (United States), Danone SA (France), Nestlé SA (Switzerland), Procter & Gamble Co. (United States), Johnson & Johnson (United States), Philips Healthcare (Netherlands), Abbott Laboratories (United States), B. Braun Melsungen AG (Germany), L’Oréal (France) and General Mills, Inc. (United States) |
This growth is primarily driven by Rising Health Awareness and Growing Store Presence of Health and Awareness Products.
Globally, a noticeable market trend is evident Rising Demand for Thermal and Mineral Springs and Spas to Treat Various Mental and Physical Conditions
The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bayer AG (Germany), Brunswick Corp. (United States), Danone SA (France), Nestlé SA (Switzerland), Procter & Gamble Co. (United States), Johnson & Johnson (United States), Philips Healthcare (Netherlands), Abbott Laboratories (United States), B. Braun Melsungen AG (Germany), L’Oréal (France) and General Mills, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global health and wellness market seems fragmented. Key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies. Factors such as the rising number of new product launches in the market and the increasing emphasis on the promotion of health and wellness activities and programs will provide significant growth opportunities to the health and wellness companies.
Key Developments in the Market:
On 6th May 2019, Brunswick Corp., the parent company of Life Fitness, Rosemont, Illinois, has entered into a definitive agreement to sell its Fitness business for approximately 490 million dollars in cash. The Fitness business includes Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group, SCIFIT and Brunswick Billiards.
On 25th April 2019, Nestlé Health Science (NHSc), a leader in science-based nutritional solutions, has announced its collaboration with Virtual Health Partners, Inc. (VHP), a virtual health and wellness company. The companies have joined forces to launch the innovative COPES™ (Cancer Oriented Personalized Eating & Emotional Support) program, a revolutionary virtual platform designed specifically to provide nutrition and wellness support for patients with cancer.
Influencing Trend:
Rising Demand for Thermal and Mineral Springs and Spas to Treat Various Mental and Physical Conditions and Growing Trend of Gym Membership in Younger Population
Market Growth Drivers:
Rising Health Awareness and Growing Store Presence of Health and Awareness Products
Challenges:
Lack of Skilled Workforce
Restraints:
The High Degree of Disorganization and Price Unpredictability
Opportunities:
Huge Demand for Organic Food and Dietary Supplements and Increasing Consumer Focus on Health and Increasing Household Income in Developing Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Health and Wellness Market
- Analysis about New Entrants in Health and Wellness Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Health and Wellness Study Sheds Light on
The Health and Wellness Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Health and Wellness industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Health and Wellness industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.