About Health and Wellness
The health and wellness products ensure complete physical, mental, and social well-being and not merely the absence of disease. These products help in weight management, improving stamina, developing muscular strength, and the overall well-being of an individual; they also help in dealing with ailments and some medical issues.
Technavio’s analysts forecast the global health and wellness market to grow at a CAGR of 5.78% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global health and wellness market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Health and Wellness Market 2018-2022
Technavio recognizes the following companies as the key players in the global health and wellness market: Bayer, BRUNSWICK, Danone, General Mills, Nestlé, and Procter & Gamble.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rising cases of mental illnesses. Mental disorders such as anxiety, depression, fear, insomnia, and stress, are common among individuals. If these disorders are not diagnosed in early stages, they adversely impact physical health and result in chronic disorders.”
According to the report, one driver in the market is growing urban population. In developed and developing nations, the urban population is growing steadily with changing lifestyles among individuals. The prevalence of urban and sedentary lifestyle among consumers is consequent in numerous health issues, driving the health consciousness among consumers.
Further, the report states that one challenge in the market is high pricing. The high costs of products and services, particularly for fitness equipment, health and wellness foods, and wellness programs are critical challenge for the market.
Bayer, BRUNSWICK, Danone, General Mills, Nestlé, and Procter & Gamble.