Health and Wellness Market Scope
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 | 2020-2032 |
Base Year | 2024 |
High Growth Market | Asia- Pacific |
Largest Market | North America |
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) |
CAGR | % |
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. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Health and Wellness market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are LifeScan, Inc. (United States), Health & Wellness Institute, LLC (United States) and Living Well Health Solutions LLC (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Health and Wellness market by Type , by Application (Cure of Disease, Keep Fit, Lose Weight and Others) and Region with country level break-up.
On the basis of geography, the market of Health and 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). North America region held largest market share in the year 2024. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
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
Key Target Audience
Regulatory Bodies, Environmental Protection Bodies, Local Governments, End Users, Market Research and Consulting Firms and Others