VLCC Health Care Limited, Bayer AG, David Lloyd Leisure Ltd., WTS International, LLC, MINDBODY Inc., and Amway Corp., among others, are significant players in the global market for medical wellness.
As per the analysis by Expert Market Research, the global medical wellness market is being aided by the growth of the health and wellness market, which is expected to grow in the forecast period of 2022-2027 at a CAGR of 4%.
Healthy living is a holistic approach to overall well-being. People are becoming informed and are adopting good lifestyle choices, which is a dynamic development process towards better living. A growing geriatric population and illnesses are driving the global market for medical wellness. Both the customer base and the expanding wellness sector are enhancing the market growth. Changing lifestyles, coupled with busy schedules, enhance susceptibility to illnesses. Homes and workplaces are witnessing high awareness of the significance of healthy eating habits, which is fuelling the global medical wellness market development.
In May 2021, Berlin-based digital health start-up Ada Health raised USD 90 million in Series B funding from Bayer AG. Ada will develop popular health assessment techniques to enable them to proceed more quickly towards becoming the world's leading personal operating system for health and boost their market share across the world.
Similarly, Epidemic Sound, the premier platform for restriction-free music, in April 2021, partnered with Mindbody, the leading experience technology platform for the wellness sector. Fitness and wellness companies on the Mindbody platform are eligible to access Epidemic Sound's collection of over 35,000 songs for use in live, on-demand, and streaming courses. It is home to various music from world-class musicians, professional recording artists, and upcoming musicians. All levels of exercisers will find music to suit their needs.
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VLCC is renowned for its therapeutic approach to aesthetic treatments, as well as for its health and weight-loss solutions. With over 330 locations serving customers in more than 150 cities across 14 countries in Asia and Africa, including India, the United Arab Emirates, Saudi Arabia, Oman, Bahrain, Qatar, Kuwait, Kenya, Sri Lanka, Bangladesh, Nepal, and Singapore, they operate at a scale and breadth unmatched in the Indian beauty and wellness services sector.
Bayer AG is a global life science and pharmaceutical corporation headquartered in Germany. Bayer's business segments include medications for humans and animals, consumer healthcare goods, agrochemicals, seeds, and biotechnology goods. Bayer empowers individuals to manage their health requirements in the areas of dermatology, nutritional supplements, pain management, cardiovascular risk prevention, digestive health, cough, cold, and allergy care with its creative worldwide portfolio of more than 170 consumer health brands.
With 99 clubs in the United Kingdom and an additional 15 locations in Holland, Spain, Belgium, Italy, Germany, and France, David Lloyd Leisure is the largest health, sport, and leisure organisation in Europe. It is also the largest provider of racquets, and health and fitness services. Modern fitness centres, heated swimming pools both indoors and outdoors, top-notch racquetball courts, fully stocked group exercise studios, and opulent spas are just a few of the features they offer. They employ more than 8,000 people, many of whom are industry leaders in swimming, tennis, and fitness.
|Headquarters:||Maryland, United States|
WTS International is involved in feasibility studies, spa consultancy and brand creation, pre-and post-opening assistance and daily management for spas, fitness and wellness centres, and lifestyle projects worldwide. Numerous hotels and resorts, high-rise and community residential buildings, private clubs, and other kinds of real estate projects are among their customers.
|Headquarters:||California, United States|
California-based Mindbody is a software-as-a-service company that specialises in cloud-based online scheduling and other business management solutions for the wellness services industry. The business links millions of people looking for transforming experiences with Mindbody wellness experts from around the world.
|Headquarters:||Michigan, United States|
Amway is an American multi-level marketing business that offers a wide variety of customised, healthy nutrition, beauty, and home goods that help individuals live a more balanced and active lifestyle. They manufacture over 400 high-quality nutrition, beauty, and home goods that consumers use daily. It operates via a network of associated businesses in more than a hundred countries and territories.
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*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.