Medical Wellness Market 2022-2031
New Study Reports "Medical Wellness Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031" has been Added on PersistenceMarketResearch.
Report Details:
The Medical Wellness Market is slated to grow unstoppably in the years to come. The healthcare providers are, of late, making way for more specialized and timely treatment through same-day surgeries, outpatient surgeries, and likewise. ASCs (Ambulatory Surgical Centers) are preferred over conventional hospital settings. As such, cost-effective medical services could be provided. This type of customization is expected to take the healthcare vertical by storm in the future.
As per Persistence Market Research’s latest industry analysis, the global medical wellness market was valued at over US$ 1 Tn in 2020, and is expected to exhibit a CAGR of 14.1% over the forecast period (2021-2031)
Wellness includes activities that improve health, quality of life, and level of human happiness. Nowadays, people are focusing on the preventive and proactive aspects of health, and the health economy is integrated into the industrial sector. Key areas of wellness include wellness tourism, fitness, complementary and alternative medicine, lifestyle wellness, spa and rejuvenation industry, workplace wellness, etc.
Service providers are focusing on introducing effective services that would meet consumer demand and give satisfactory outcomes.
- For instance, in July 2020, Daybreak Health launched an online mental health therapy for teens amid the COVID-19 pandemic’s mental health crisis.
Key Players:
The report has profiled some of the important players prevalent in the global like – Naluri, MINMED GROUP PTE LTD, Magenta Wellness Pte Ltd., Asiamedic Limited, Truworth Wellness (Truworth Health Technologies Pvt. Ltd.), Mednefits, BaliSpirit, Sukhavati Retreat, BDMS Wellness Clinic, MeeHappy Wellness and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Medical Wellness Market.
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Key Takeaways from Market Study
- Personal care, beauty and anti-aging services are expected to rise at a CAGR of 12.1% over the forecast period (2021–2031).
- Based on age group, the adults segment accounted for the highest share of 66.8% in 2021.
- Among the applications, therapeutic wellness gained popularity accounting for 66.8% of market share and is expected to dominate throughout the forecast period at a growth rate of 12%.
- Based on client, domestic clients gained the highest revenue share of 53.7% at a growth rate of 12%.
- North America holds a major share in the global medical wellness market and a similar trend is expected to continue.
“Growing awareness regarding healthy lifestyle and inclination toward wellness technology are expected to boost demand for medical,” says an analyst of Persistence Market Research.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
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Key Questions Answered in the Medical Wellness Market Report
How is the Medical Wellness Market expected to grow over the projected period?
What direction is the Medical Wellness Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Medical Wellness Market in future?
What are the key market drivers in the Medical Wellness Market?
What are significant opportunities and improvement areas for Medical Wellness Market manufacturers?
What are the key developments and trends taking over the Medical Wellness Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Medical Wellness Market?
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