Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Medical Wellness Market to Grow at a Healthy Rate During 2021-2026, Aided by Growing Awareness Regarding Medical Wellness

According to a new report by EMR titled, ‘Global Medical Wellness Market Report and Forecast 2021-2026’, the market is supported by global health and wellness market, which is expected to grow at a CAGR of 4% in the forecast period of 2021-2026.

North America is a key market for medical wellness owing to the availability of enhanced equipment and the higher purchasing power of the consumers in the region. The European market is being driven by the rising number of patients suffering from chronic diseases. Owing to the improving economic conditions and increased penetration of global players, the Asia Pacific market is anticipated to witness healthy growth. Further, the global medical wellness industry is projected to witness healthy growth shortly owing to the shift in consumer preferences towards proactive approaches and to include wellness in day-to-day life. New research on the application of alternative medicines for the development of wellness procedures is creating a positive impact on the market.

In 2020, Bayer AG (ETR: BAYN) launched its first global creative council, which is aimed to deliver the Bayer Consumer Health Division’s purpose of empowering the transformation of everyday health. In 2020, Amway Corp., a leading health and wellness company, announced a strategic investment and partnership with South Korea-based Holzapfel Effective Microbes (HEM) to develop personalized probiotics aimed to support medical wellness. Such developments in the market are expected to boost the market growth over the forecast period.

Market Analysis by Wellness Sector, Distribution Channel, and Region:

  • Based on the wellness sector, the medical wellness industry 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, and workplace wellness, among others.
  • On the basis of the distribution channel, the market is classified into franchises and company owned outlets.
  • The regional markets for medical wellness include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing prevalence of diseases and the rising geriatric population is driving the global medical wellness industry. 
  • Growing awareness regarding eating habits and personalised health are fuelling the demand for medical wellness.
  • Increasing research and development activities in the industry are expected to aid the market growth.
  • Furthermore, rising spending power among the consumers, sedentary lifestyle, and expansion of the consumer base is expected to provide an impetus to the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global medical wellness market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the wellness sector, distribution channel, and regions of medical wellness.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market of medical wellness are VLCC Health Care Limited, Bayer AG, David Lloyd Leisure Ltd., WTS International, LLC, MINDBODY Inc., and Amway Corp., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Apheresis Market Report and Forecast 2021-2026


United States Perineal Care Market Report and Forecast 2021-2026



Sub Saharan Africa Dialysis Market Report and Forecast 2021-2026


Global EEG and EMG Equipment Market Report and Forecast 2021-2026


NEWSLETTER