Global Medical Wellness Market Overview:
The changing healthcare environment requires an integrative approach to health and medical care. Growing medical cost threaten the economic vitality of the healthcare option. Medical wellness here plays a vital role as it is ideal for people with a risk factor or chronic diseases for those whose lifestyle may have significant factor influencing development and course of diseases. Medical wellness is an approach to delivering healthcare which states the optimal well-being. Some of the key players profiled in the study are WTS International (United States), The Body Holiday (Saint Lucia), Mindbody (United States), Massage Envy (United States), ClearCost Health (United States), Enrich Hair & Skin (India), Gold’s Gym International (United States), World Gym (United States), VLCC Wellness Center (India) and Kaya Skin Clinic (India).
On the basis of geography, the market of Medical Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Franchise will boost the Medical Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Expansion of Consumer Base and Wellness Industries
- Inclination Towards Preventive Measures to Prevent Diseases
- Growing Cases of Mental Illness
- Lack of Awareness Regarding Medical Wellness
- Unavailability of Functional Healthy Foods
- New Research on Wellness Procedure Using Alternative Medicines
- Rise In Disease Population Due To The Sedentary Lifestyle
- High Pricing Required For Medical Wellness
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy has increased product portfolio, making a partnership to adopt certain technologies and acquiring small players to finish the competition in the future. As well as investing money in R&D sector to make technical up-gradations in the manufacturing process of the product.
Target Audience:Medical Wellness Food Manufacturers, Medical Wellness Food Distributors/Traders/Wholesalers, Medical Wellness Food Sub-component Manufacturers, Industry Association and Downstream Vendors
Major Objectives Focused through this Study To define, describe, and forecast the Global Medical Wellness market on the basis of product [Complementary and Alternative Medicine, Beauty Care and Anti-Aging, Preventative & Personalized Medicine and Public Health, Healthy Eating, Nutrition & Weight Loss, Rejuvenation and Other] , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Medical Wellness market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Medical Wellness industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Guardian Lifecare (India) and Healthkart (India).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Medical Wellness market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.