The global medical wellness market is getting prominence rapidly due to urbanization and the innate awareness of personal care. There are some urbanized trends such as nutrition and weight loss, healthy eating, preventative and personalized health, complementary and alternative medicine, and beauty and anti-aging treatment have grown in leaps and bounds, and these trends are making their presence known in the global platform as medical wellness market.
The global medical wellness market was worth US$4549200 mn in 2018 and the report suggests that it will reach US$6487100 mn by 2025, registering a steady CAGR of 5.2% during the period of 2018 to 2025. QY Research discusses the future of the market in its latest report “Global Medical Wellness Market Report, History and Forecast 2014-2025, Breakdown Data by Companies, Key Regions, Types and Application.”
Global Medical Wellness Market: Drivers
The increasing interest in personal healthcare is one of the key reasons the global medical wellness market is soaring high. The market is showing a great potentiality due to the changing lifestyle habits, especially in urban areas. Organic diet, alternative medicine, beauty enhancement products, anti-aging treatment, or physical fitness are part of these changing habits and evolving lifestyles that have cumulatively propelled the global medical wellness market. Different healthcare devices and accessories also have their fair share in boosting the medical wellness market globally.
Global Medical Wellness Market: Segment Analysis
The global medical wellness market is segmented by type and application. In terms of type, the global medical wellness market is segmented into complementary and alternative medicine, preventative and personalized medicine and public health, beauty care and anti-aging, rejuvenation, healthy eating, nutrition, and weight loss, and others. The beauty care and anti- aging segment dominate the wellness market as number of aesthetics procedures are rising and increase in number of beauty care wellness sectors. In terms of applications, the global medical wellness market is segmented into company-owned outlets and franchise.
Global Medical Wellness Market: Regional Analysis
On the basis of region, the global medical wellness market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America and Europe are the largest and the most fruitful region of global medical wellness market. Asia Pacific is rapidly increasing its market demand and the study shows, it will be one of the most prominent regions of the global medical wellness market in the coming days.
Global Medical Wellness Market: The Key Players
The key players studied in the global medical wellness market are Steiner Leisure Limited, Massage Envy, Fitness World, World Gym, Beauty Farm, Universal Companies, Nanjing Zhaohui, VLCC Wellness Center, HEALING HOTELS OF THE WORLD, Edge Systems LLC, Bon Vital, Gold's Gym International, The Body Holiday, Kaya Skin Clinic, Kayco Vivid, Enrich Hair and Skin, Arashiyu Japanese Foot Spa, Biologique Recherche, WTS International, Healthkart, and Guardian Lifecare. These companies are creating options for better and healthy lifestyle choices for physical and mental betterment.
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