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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.
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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 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:
The market can be broadly categorised based on its distribution channels into:
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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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.
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:
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:
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| Breakup by Wellness Sector |
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| Breakup by Age Group |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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