The Health And Wellness Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Health And Wellness Global Market Report 2024, The health and wellness market size has grown strongly in recent years. It will grow from $5319.44 billion in 2023 to $5735.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to rise in health consciousness, preventive healthcare measures, evolving dietary preferences, aging population and longevity concerns, stress management solution.
The health and wellness market size is expected to see strong growth in the next few years. It will grow to $8088.21 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to access to information and education, rise in mental health awareness, holistic well-being approach, sustainability and eco-friendly products, expansion of e-commerce in health retail. Major trends in the forecast period include personalized nutrition, integration of technology in wellness solutions, wellness tourism and experiences, holistic approaches to health, inclusive and diverse wellness offerings.
The growing prevalence of chronic diseases is expected to propel the health and wellness market going forward. Chronic conditions are illnesses or conditions that typically endure for three months or longer and may deteriorate over time. The majority of chronic diseases can be managed but not cured, and they typically affect older persons. Regular physical and wellness activities help to improve overall health, fitness and reduce the risk of chronic conditions. For instance, in 2023, according to a report published by the National Institutes of Health (NIH), a US-based biomedical research agency, in the United States, the number of people aged 50 and older with at least one chronic illness is predicted to rise by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. Additionally, the number of people with multimorbidity would rise by 91.16% from 7.8304 million in 2020 to 14.968 million in 2050. Further, in September 2022, according to the World Health Organization, a US-based specialized agency responsible for international public health, about 41 million people will die each year, which is equivalent to 74% of all deaths globally, because of chronic noncommunicable diseases, and further, all the NCD deaths will be around 77% in low- and middle-income countries. Therefore, the growing prevalence of chronic diseases is driving the health and wellness market.
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The health and wellness market covered in this report is segmented –
1) By Product: Nutritional Supplements, Fitness Equipment, Organic Foods And Natural Products, Vitamins And Minerals, Health And Beauty Products, Weight Loss And Diet Programs, Other Products
2) By Distribution Channel: Online, Offline
3) By Sector: Personal Care, Beauty, And Anti-Aging, Healthy Eating, Nutrition, And Weight Loss, Wellness Tourism, Physical Activity, Preventive, Personalized Medicine And Public Health, Traditional And Complementary Medicine, Spa Economy, Other Sectors
Top Major Players
Abbott Laboratories
B. Braun Melsungen AG
L’Oreal S.A.
Nestle S.A.
General Mills Inc.
Product innovations are the key trend gaining popularity in the health and wellness market. Major companies involved in the health and wellness market are focused on innovating new products to improve their observation power and sustain their position in the market. The latest technologies such as augmented reality (AR), virtual reality (VR), Internet of Things (IoT), and blockchain are being increasingly integrated into various industries and applications, including in the health and wellness space. For instance, in October 2021, Apple Inc., a US-based multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services launched the Apple Watch Series 7, which offers several health uses, including monitoring heart rate, blood oxygen levels, and taking an electrocardiogram (ECG). It also offers features to help users monitor and improve their sleep, and personalized coaching to help users reach their fitness goals.
The health and wellness market report table of contents includes:
1. Executive Summary
2. Health And Wellness Market Characteristics
3. Health And Wellness Market Trends And Strategies
4. Health And Wellness Market - Macro Economic Scenario
5. Global Health And Wellness Market Size and Growth
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31. Global Health And Wellness Market Competitive Benchmarking
32. Global Health And Wellness Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Health And Wellness Market
34. Health And Wellness Market Future Outlook and Potential Analysis
35. Appendix
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Health and Wellness Market: IntroductionAccording to the report, the global health and wellness market was valued over US$ 4.1 Bn in 2020.
Health includes various parameters such as mental, social, and emotional.
Wellness is a form of quality of life, which includes mental and physical wellness, emotional, and socio-economic wellness, along with fitness, nutritional, and other important forms of wellness.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=450 North America dominated the global health and wellness market in 2020, and the trend is anticipated to continue during the forecast period.
Rise in population suffering from various chronic diseases and increase in awareness about healthy lifestyle & balanced diet in North America are expected to boost the consumption of health and wellness products during the forecast period.
The market in the region is projected to expand at a high CAGR during the forecast period.Request COVID Analysis on Health and Wellness Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=450 Rise in Prevalence of Chronic Disease to Drive MarketThe rise in prevalence of chronic lifestyle diseases across the globe is a key factor driving the market.
The prevalence of diabetes, blood pressure, asthma, arthritis, cancer, dementia, and other stress-related disorders has increased significantly, owing to the sedentary lifestyles and hectic schedules.
In this report, our team offers a comprehensive analysis of Health and Wellness market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis segment-wise data and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-health-and-wellness-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Philips Healthcare• Abbott Laboratories• LifeScan• B. Braun Melsungen AG• Animas Corporation• L'Oreal• Johnson & Johnson• Nestle S.A.• General Mills• Coca-Cola• Omron Healthcare• F. Hoffmann-La Roche• Medtronic On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Health and wellness food• Wellness tourism• Beauty and personal care products• Preventive and personalized health• Fitness equipment By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-health-and-wellness-market-2020-2026 Table of Contents Global Health and Wellness Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Health and wellness food1.3.2 Wellness tourism1.3.3 Beauty and personal care products1.3.4 Preventive and personalized health1.3.5 Fitness equipment1.4 Application Overview1.5 Industrial Chain1.5.1 Health and Wellness Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Health and wellness food2.1.2 Wellness tourism2.1.3 Beauty and personal care products2.1.4 Preventive and personalized health2.1.5 Fitness equipment2.2 The Overall Market Performance(Value)2.2.1 Health and wellness food2.2.2 Wellness tourism2.2.3 Beauty and personal care products2.2.4 Preventive and personalized health2.2.5 Fitness equipment 3 Global Health and Wellness Market Assessment by Application3.1 Overall Market Performance (Volume) Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/pharmaceuticals-and-healthcare About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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