Health and Wellness Market Size to Grow by USD 1,661.81 Billion from 2022 to 2027, Major Market Assessment, Five Forces Analysis, Market Dynamics and Segmentation

NEW YORK, November 9, 2022 /PRNewswire/ — The Global Health & Wellness Marketplace the share is expected to increase by US dollar 1661.81 billion from 2022 to 2027. Moreover, the growth momentum of the market will accelerate with CAGR of 6.49% according to the latest market forecast report from Technavio. The market will also record a 6.18% on an annual basis Growth rate during the forecast period.

Technavio has announced its latest market research report titled Global Health and Wellness Market 2023-2027

To know more about historical market size – Request a free sample report!

Global Health & Wellness Marketplace Parent market analysis

Technavio categorizes the global health and wellness market as part of global hotels, restaurants and leisure market. The core global hotel, restaurant and leisure market encompasses companies engaged in operations such as hotels, restaurants, sports and fitness centers, stadiums, golf courses and theme parks. The growth of the global hotels, restaurants and leisure market will be driven by the increase in disposable income and the growing travel and tourism industry.

For more information on parent market along with value chain analysis – Grab an exclusive sample!

Global Health & Wellness Marketplace Five Strength Traits –

The global health and wellness market is fragmented and Technavio’s five forces analysis gives the accurate view –

  • Bargaining power of buyers

  • The threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • For information on the impact of five forces analysis – Click now!

    Global Health and Wellness Market – Customer Landscape

  • Disruption threats are strategic in nature and operational risks to suppliers are mapped based on their negative business impact and likelihood of occurrence.

  • The potential for the customer landscape will be available with Technavio Reports – Buy now!

Global Health & Wellness MarketplaceSegmentation evaluation

Geographic segment overview

Technavio’s market research report includes detailed information on regional vendor opportunities that will help generate sales revenue. The Global Health & Wellness Marketplace according to geography it is categorized into North AmericaAPAC, Europe, South Americaand Middle East and Africa. The report provides an accurate forecast of the contribution of all regions to the growth of the global health and wellness market size and applicable market insights.

Regional Highlights:

  • North America is the fastest growing region in the global health and wellness market as compared to other regions. 33% growth will originate from North America. The increasing prevalence of lifestyle-related chronic diseases due to sedentary lifestyles, the prevalence of diabetes, blood pressure, asthma, arthritis, cancer, dementia and other stress-related disorders have increased significantly in North America. In addition, the availability of spa treatments, anti-aging treatments and the prevalence of a large fitness-oriented population are other major factors contributing to health and wellness spending in this region.

Type View segment

  • The global health and wellness market by product type segmentation is categorized into beauty and personal care products, health and wellness food, wellness tourism, fitness equipment, and preventive and personalized health.

  • Revenue Generating Segment – Health and Wellness market share growth from the beauty and personal care products segment will be significant during the forecast period. The segment includes sub-categories such as cosmetics, personal care products such as shower gels, bath soaps, skin care, hair care, deodorants, anti-aging skin creams and other products. The growing number of online beauty and personal care stores is fueling the growth of the segment. Preference for organic and natural beauty and personal care products will also contribute to the growth of the segment.

Download a FREE sample report that can help you strategize your sales revenue – Get it now!

Global Health & Wellness Marketplace – Market dynamics

A major engine driving the market

  • Growing emphasis on promoting health and wellness activities and programs is one of the major drivers of the market. Many health and wellness providers use social media channels, such as Twitter and Facebook, to promote their products.

  • This is effective in spreading the popularity of health and wellness products among consumers.

  • Key vendors operating in the global health and wellness market use optimized data from data partners to effectively distribute their health and wellness marketing campaigns to specific consumer demographics.

  • The growing adoption of health and wellness among all demographic groups is expected to drive the growth of the focused market.

Major trends influencing the development of glamping

  • The growing popularity of thermal and mineral springs and spas is identified as a major trend in the market. Globally, there has been an increase in the number of spas operating due to the increasing demand for spa services from consumers.

  • In regions such as Europe, North Americaand Asia, spas and health resorts use therapeutic waters from natural thermal/mineral springs. Thermal and mineral springs and mineral springs are more famous in Europe.

  • Large spa operators focus on the use of specialized therapeutic waters such as Malkinskaya mineral water and iodine-bromine waters for the treatment of cardiovascular diseases. Techniques such as sulfuric acid treatment and hydropathic treatment are increasingly being adopted by these spas to treat chemical and thermal burns and increase limited mobility in people with disabilities.

Major challenges interrupting market growth

  • Frequent product recalls are the main challenge in the market. Product recalls not only bring a bad reputation to any industry, but also increase operational and financial constraints for companies operating in the market.

  • in July 2021, Johnson and Johnson Consumer Inc. recalled its NEUTROGENA and AVEENO aerosol sunscreen products due to the presence of benzene. Such cases are expected to hamper the growth of the focused market.

To know about other factors of market dynamics – Request a free sample!

Technavio offers three forecast scenarios (optimistic, likely and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research features market research reports directly and indirectly affected by COVID-19.

Sign up for a free trial today and get instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform

Health and Wellness Market 2023-2027: Key Highlights

  • Market CAGR during the forecast period 2023-2027

  • Detailed information on the factors that will support the growth of the health and wellness market over the next five years

  • Estimation of the size of the health and wellness market and its contribution to the underlying market

  • Predictions of upcoming trends and changes in consumer behavior

  • The growth of the health and wellness market

  • Analysis of the competitive environment of the market and detailed information about the suppliers

  • Comprehensive details on the factors that will drive the growth of vendors in the Health and Wellness market

Related reports:

  • The wellness tourism market the size is projected to grow by $327.56 billion from 2021 to 2026 at a CAGR of 7.55%. The increase in mental illness in particular is driving the growth of the wellness tourism market, although factors such as the perception of wellness tourism as a luxury travel market may hinder the growth of the market.

  • The adventure tourism market the size is projected to grow by 2.50 trillion US dollars from 2021 to 2026 at a CAGR of 38.87%. Rising disposable incomes, in particular, are driving the growth of the adventure tourism market, although factors such as low penetration in developing economies may hinder market growth.

Health and Wellness Market Scope

Report coverage

Details

Page number

120

Base year

2022

Estimated period

2023-2027

Growth momentum and CAGR

Accelerate at a CAGR of 6.49%

Market Growth 2023-2027

1661.81 billion US dollars

Market structure

Torn apart

Year-on-year growth (%)

6.18

Regional analysis

North America, APAC, Europe, South America, and the Middle East and Africa

Effective market contribution

North America with 33%

Key user countries

USA, Canada, China, Japan, Germany and UK

The competitive environment

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

adidas AG, Amway Corp., Bayer AG, Beiersdorf AG, Core Health and Fitness LLC, Danone SA, David Lloyd Leisure Ltd., General Mills Inc., Glooko Inc., Herbalife International of America Inc, Johnson Health Tech Co. Ltd. , LOreal SA, Nestle SA, Ogilvie and Co., PepsiCo Inc., RSG Group GmbH, Shiseido Co. Ltd., The Procter and Gamble Co., Unilever PLC and Vitabiotics Ltd.

Market dynamics

Major market analysis, market growth drivers and restraints, fast and slow growing segment analysis, impact of COVID-19 and future consumer dynamics and market status analysis for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and get custom segments.

Contents:

1 Summary

2 Market landscape

3 Sizing the market

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by product type

7 Market segmentation by distribution channel

8 Customer landscape

9 Geographical landscape

10 Drivers, challenges and trends

11 Supplier landscape

12 Supplier Analysis

13 Appendix

About us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media and Marketing Executive
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Global Health and Wellness Market 2023-2027

Global Health and Wellness Market 2023-2027

Sission

Sission

View original content to download media: https://www.prnewswire.com/news-releases/health-and-wellness-market-size-to-grow-by-usd-1661-81-billion-from-2022 -to -2027–assessment-on-parent-market-five-forces-analysis-market-dynamics–segmentation—technavio-301671628.html

SOURCE Technavio

Leave a Comment

Your email address will not be published. Required fields are marked *