Health and Wellness Market Size: Global Industry Analysis, Market Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global health and wellness market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Health and wellness represent the state of complete emotional, physical, and mental well-being of an individual. They are achieved by practicing regular exercise, living a healthy lifestyle, avoiding or limiting the consumption of junk food, etc. Some of the most important aspects of health and wellness are nutrition, fitness, personal care, preventive medicines, weight management, etc. Additionally, various services, such as wellness tourism, wellness real estate, health spas, thermal and mineral springs, etc., are also offered to consumers across the globe.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
Global Health and Wellness Industry Trends and Drivers:
The increasing prevalence of chronic medical diseases, including diabetes, asthma, arthritis, cancer, and other stress-related disorders among individuals with sedentary lifestyles and hectic schedules is primarily driving the health and wellness market. In addition to this, the growing adoption of several healthcare activities, such as yoga, meditation, and athletics, on account of the sudden outbreak of the COVID-19 pandemic, is further catalyzing the market growth. Moreover, the launch of numerous favorable policies by government bodies across countries to promote the utilization of telemedicine and comprehensive insurance plans is acting as another significant growth-inducing factor. Besides this, the escalating demand for wearable devices, such as fitness bands and trackers, is also augmenting the global market. Furthermore, the introduction of specialized therapeutic water, including iodine-bromine and spring mineral water, for treating spinal column ailments, circulation disorders, rheumatism, bronchitis, etc., is anticipated to fuel the health and wellness market over the forecasted period.
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Global Health and Wellness Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the global health and wellness industry with the leading players profiled in the report.
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