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Global Medical Wellness Market Size, Trends, 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 1309.1 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 4257.1 billion by 2032.
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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.
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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.
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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.
- Others
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.
| 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:
|
| Breakup by Wellness Sector |
|
| Breakup by Age Group |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
| 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 1309.1 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 4257.1 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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