Health Stores in the US
The Health Stores industry has grown only slightly over the five years to 2018. The needs of the aging US population, trends toward healthier living and robust growth in per capita disposable income have contributed to the industry's growth. However, growing competition from mass merchandisers and the increasing percentage of services conducted online have cut into brick and mortar retailers' sales. As a result, revenue is expected to rise only modestly over the five years to 2018. The Health Stores industry is expected to continue growing over the five years to 2023. Despite efforts to reduce costs, profit is expected to decrease slightly amid intensifying competition from new market entrants, mass merchandisers and online retailers. Nonetheless, several trends will boost industry growth. For example, the needs of the aging population and favorable attitudes toward healthy living are anticipated to continue driving demand for vitamin products, while rising per capita disposable income will enable more consumers to purchase products such as protein and sports supplements. Meanwhile, healthcare reform will encourage the use of preventive and alternative medicine, driving demand for dietary supplements. Consequently, revenue growth is projected to regain some health over the five years to 2023.
The Health Stores industry includes retailers that primarily sell health and personal care products. Industry establishments include nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes pharmacies and optical goods, perfume, cosmetics and beauty supply stores. Online sales are also excluded from the industry.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook