The Health Stores industry has steadily expanded over the five years to 2017. Rising health expenditure and an aging population have boosted demand for industry products. Additionally, sports nutrition products have surged in popularity among younger demographics, further elevating demand for industry goods. However, mounting demand from online retailers and mass merchandisers has challenged industry operators to reinvent their niche as per capita disposable income and consumer sentiment steadily edge up. Over the five years to 2022, the industry is expected to exhibit steady growth as per capita disposable income and consumer confidence increase, providing consumers with more discretionary funds for industry products.
This industry retails products designed to affect an individual’s general condition, such as nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes drug stores, pharmacies and optical goods stores, as well as perfume, cosmetics and beauty-supply stores.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.