The Health Stores industry has experienced strong expansion over the five years to 2018. 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 2023, the industry is expected to exhibit steady growth at a slower pace. Per capita disposable income and consumer confidence are projected to increase as the economy strengthens, providing consumers with more discretionary funds for industry products. Additionally, growth in alternative medicine and the organic product market will stimulate health consciousness, which aids industry revenue.
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.