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Global Medical Wellness Market: By Wellness Sector: Traditional and Complementary Medicine, Beauty Care and Personal Care, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Medical Wellness Market Outlook
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 2021-2026 at a CAGR of 4%.
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 2016-2020 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: Industry Definition and 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.
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.
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Medical Wellness Market Analysis
8.1 Key Industry Highlights
8.2 Global Medical Wellness Historical Market (2016-2020)
8.3 Global Medical Wellness Market Forecast (2021-2026)
8.4 Global Medical Wellness Market by Wellness Sector
8.4.1 Traditional and Complementary Medicine
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Beauty Care and Personal Care
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Healthy Eating, Nutrition, and Weight Loss
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.4.4 Preventive and Personalised Medicinal Products
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2016-2020)
8.4.4.3 Forecast Trend (2021-2026)
8.4.5 Spa Industry
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2016-2020)
8.4.5.3 Forecast Trend (2021-2026)
8.4.6 Workplace Wellness
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2016-2020)
8.4.6.3 Forecast Trend (2021-2026)
8.4.7 Others
8.5 Global Medical Wellness Market by Distribution Channel
8.5.1 Franchise
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Company Owned Outlets
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.6 Global Medical Wellness Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 VLCC Health Care Limited
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Bayer AG
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 David Lloyd Leisure Ltd.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 WTS International, LLC
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 MINDBODY Inc.
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Amway Corp.
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Industry Events and Developments
List of Figures and Tables
1. Global Medical Wellness Market: Key Industry Highlights, 2016 and 2026
2. Global Medical Wellness Historical Market: Breakup by Wellness Sector (USD Billion), 2016-2020
3. Global Medical Wellness Market Forecast: Breakup by Wellness Sector (USD Billion), 2021-2026
4. Global Medical Wellness Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
5. Global Medical Wellness Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
6. Global Medical Wellness Historical Market: Breakup by Region (USD Billion), 2016-2020
7. Global Medical Wellness Market Forecast: Breakup by Region (USD Billion), 2021-2026
8. North America Medical Wellness Historical Market: Breakup by Country (USD Billion), 2016-2020
9. North America Medical Wellness Market Forecast: Breakup by Country (USD Billion), 2021-2026
10. Europe Medical Wellness Historical Market: Breakup by Country (USD Billion), 2016-2020
11. Europe Medical Wellness Market Forecast: Breakup by Country (USD Billion), 2021-2026
12. Asia Pacific Medical Wellness Historical Market: Breakup by Country (USD Billion), 2016-2020
13. Asia Pacific Medical Wellness Market Forecast: Breakup by Country (USD Billion), 2021-2026
14. Latin America Medical Wellness Historical Market: Breakup by Country (USD Billion), 2016-2020
15. Latin America Medical Wellness Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Middle East and Africa Medical Wellness Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Middle East and Africa Medical Wellness Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Global Medical Wellness Market Structure
Key Questions Answered in the Report
The global medical wellness market is expected to be aided by the growth of the overall health and wellness market, which is projected to grow at a CAGR of 4% between 2021 and 2026.
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.
Analyst Review
The global medical wellness market is being driven by the rising prevalence of diseases and the growing health and wellness market. Aided by the growing awareness regarding medical wellness, the global health and wellness market is expected to witness further growth in the forecast period of 2021-2026, growing at a CAGR of 4%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. 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, and workplace wellness, among others. Based on the distribution channel, the market is classified into franchise and company owned outlets. The major regional markets for medical wellness are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include VLCC Health Care Limited, Bayer AG, David Lloyd Leisure Ltd., WTS International, LLC, MINDBODY Inc., and Amway Corp., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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