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Medical Wellness Market

Global Medical Wellness Market Size, Analysis, Forecast: By Wellness Sector: Traditional and Complementary Medicine, Beauty Care and Personal Care, Healthy Eating, Nutrition, and Weight Loss, Preventive and Personalized Medicinal Products, Others; By Age Group; By Distribution Channel; Regional Analysis; Supplier Landscape; 2024-2032

Global Medical Wellness Market Outlook

The global medical wellness market size was valued at USD 1,492.37 billion in 2023, driven by the increasing geriatric population, coupled with the rising prevalence of diseases among these populations. The market is anticipated to grow at a CAGR of 14% during the forecast period 2024-2032 to reach a value of USD 4,853.12 billion by 2032.

 

Global Medical Wellness Market

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Availability of Advanced Products to Aid the Growth of the Medical Wellness Industry in North America

North America has been one of the leading regions in the global market for medical wellness in the historical period of 2018-2023 and is expected to retain its position over the forecast period as well. This region’s dominance can be attributed to the high availability of advanced products and services in the region. Apart from North America, Europe is one of the key markets for medical wellness. The high consumer spending power and an increasing number of patients are aiding the regional market for medical wellness. The Asia Pacific region is expected to witness a swift growth owing to the significant economic developments and improvements in the healthcare industry. The increasing penetration of global players in the Asia Pacific is anticipated to boost the demand for medical wellness.

 

Medical Wellness: Market Segmentation

Medical wellness is a process of complete mental, physical, and social well-being. It involves becoming aware and making choices towards a healthy life. Medical wellness is not just being free from illness, but a dynamic process consisting of change and growth for a better lifestyle.

 

Global Medical Wellness Market By Distribution Channel

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Based on the wellness sector, the market can be segmented into:

  • Traditional and Complementary Medicine 
  • Beauty Care and Personal Care 
  • Healthy Eating, Nutrition, and Weight Loss 
  • Preventive and Personalised Medicinal Products 
  • Spa Industry 
  • Workplace Wellness 
  • Others

The market can be broadly categorised based on its distribution channels into:

  • Franchise
  • Company Owned Outlets

The EMR report looks into the regional markets of medical wellness like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Medical Wellness Market By Region

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Rising Prevalence of Diseases is Aiding the Market Growth of Medical Wellness

The increasing geriatric population, coupled with the rising prevalence of diseases among these populations, is driving the market for medical wellness across the globe. The expansion of the consumer base and the growing wellness industry is complementing the market growth as well. Sedentary lifestyle habits and hectic schedules have increased the vulnerability to diseases and the subsequent necessity for medical wellness. The growing awareness regarding the importance of eating habits and personalised health at homes and workplaces, is resulting in an increased focus on medical wellness, thereby aiding the market growth. These factors are projected to aid the medical wellness industry growth in the forecast period. However, the lack of a proper workforce and awareness about medical wellness in emerging countries could hamper the market growth.

 

Key Industry Players in the Global Medical Wellness Market

The report presents a detailed analysis of the following key players in the global medical wellness market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • VLCC Health Care Limited
  • Bayer AG
  • David Lloyd Leisure Ltd.
  • WTS International, LLC
  • MINDBODY Inc.
  • Amway Corp.
  • Truworth Wellness
  • Naluri’s
  • Minmed Group
  • Healthkart
  • Enrich Hair & Skin Solutions Pvt Ltd

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Wellness Sector
  • Age Group
  • Distribution Channel
  • Region
Breakup by Wellness Sector
  • Traditional and Complementary Medicine
  • Beauty Care and Personal Care
  • Healthy Eating, Nutrition, and Weight Loss
  • Preventive and Personalized Medicinal Products
  • Spa Industry
  • Workplace Wellness
  • Others
Breakup by Age Group
  • Adults
  • Geriatric
Breakup by Distribution Channel
  • Franchise
  • Company Owned Outlets
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • VLCC Health Care Limited
  • Bayer AG
  • David Lloyd Leisure Ltd.
  • WTS International, LLC
  • MINDBODY Inc.
  • Amway Corp.
  • Truworth Wellness
  • Naluri’s
  • Minmed Group
  • Healthkart
  • Enrich Hair & Skin Solutions Pvt Ltd
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Medical Wellness Market Overview 

    3.1    Global Medical Wellness Market Historical Value (2017-2023) 
    3.2    Global Medical Wellness Market Forecast Value (2024-2032)
4    Global Medical Wellness Market Landscape
    4.1    Global Medical Wellness Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Medical Wellness Product Landscape
        4.2.1    Analysis by Wellness Sector
        4.2.2    Analysis by Age Group
        4.2.3    Analysis by Distribution Channel
5    Global Medical Wellness Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Medical Wellness Market Segmentation 
    6.1    Global Medical Wellness Market by Wellness Sector
        6.1.1    Market Overview 
        6.1.2    Traditional and Complementary Medicine
        6.1.3    Beauty Care and Personal Care
        6.1.4    Healthy Eating, Nutrition, and Weight Loss
        6.1.5    Preventive and Personalized Medicinal Products
        6.1.6    Spa Industry
        6.1.7    Workplace Wellness
        6.1.8    Others
    6.2    Global Medical Wellness Market by Age Group
        6.2.1    Market Overview
        6.2.2    Adults
        6.2.3    Geriatric 
    6.3    Global Medical Wellness Market by Distribution Channel
        6.3.1    Market Overview
        6.3.2    Franchise
        6.3.3    Company Owned Outlets
        6.3.4    Others
    6.4    Global Medical Wellness Market by Region
        6.4.1    Market Overview
        6.4.2    North America 
        6.4.3    Europe
        6.4.4    Asia Pacific
        6.4.5    Latin America
        6.4.6    Middle East and Africa
7    North America Medical Wellness Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Medical Wellness Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Medical Wellness Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Medical Wellness Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Medical Wellness Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    VLCC Health Care Limited
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Bayer AG
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    David Lloyd Leisure Ltd.
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    WTS International, LLC
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    MINDBODY Inc.
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Amway Corp.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Truworth Wellness
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Naluri’s
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Minmed Group
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Healthkart
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Enrich Hair & Skin Solutions Pvt Ltd
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
18    Global Medical Wellness Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The global medical wellness market reached a value of USD 1,492.37 billion in 2023.

The market is anticipated to grow at a CAGR of 14% during the forecast period of 2024-2032 to reach a value of USD 4,853.12 billion by 2032.

The major drivers of the industry, such as rising disposable incomes, rising prevalence of diseases, growing health consciousness, rapid urbanisation, and growing geriatric population, are expected to aid the market growth.

The increasing preference for wearable devices, such as fitness bands and tracker, is the key trend in the industry informing the market growth.

The major regional markets for medical wellness are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant wellness segments in the market are traditional and complementary medicine, beauty care and personal care, healthy eating, nutrition, and weight loss, preventive and personalised medicinal products, spa industry, and workplace wellness, among others.

The major distribution channels in the market are franchise and company owned outlets.

The key players in the industry are VLCC Health Care Limited, Bayer AG, David Lloyd Leisure Ltd., WTS International, LLC, MINDBODY Inc., and Amway Corp., among others.

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