June 25, 2024

US Health and Wellness Market Size to Grow USD 2,188.16 Bn by 2033

The US health and wellness market size accounted for US$ 1,282.90 billion in 2023 and is projected to reach around USD 2,188.16 billion by 2033, growing at a CAGR of 5.43% from 2024 to 2033.

US Health and Wellness Market Size 2024 to 2033

Report Summary

The global US health and wellness market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the US health and wellness market across the globe.

A comprehensive estimate on the US health and wellness market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of US health and wellness during the forecast period. Price point comparison by region with global average price is also considered in the study.

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US Health and Wellness Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 5.43%
U.S. Market Size in 2023 USD 1,282.90 Billion
U.S. Market Size by 2033 USD 2,188.16 Billion
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Sector

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized US health and wellness market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

Also Read:  Upper Limb Prosthetics Market Size to Rise USD 1506.44 Bn by 2033

Market Players

The report includes the profiles of key US health and wellness market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In February 2022, LifeSpeak acquired Wellbeats, a U.S.-based on-demand B2B physical wellbeing platform.
  • In July 2023, WM Partners announced the acquisition of Allergy Research Group.
  • In March 2023, NMS Capital announced that it had partnered with the management of Health & Wellness Partners Group, LLC (HWP) in the recapitalization of the company.
  • In September 2023, Lucy Scientific Discovery announced the acquisition of BlueSky Wellness.
  • In November 2022, Johnson & Johnson acquired Abiomed through a tender offer.
  • In December 2022, HUL made strategic investments in ‘OZiva’ and ‘Wellbeing Nutrition’.

US Health and Wellness Market Companies

  • Amway Corp.
  • Herbalife Nutrition Ltd.
  • Procter & Gamble

Segments Covered in the Report

By Sector

  • Personal Care & Beauty & Anti-Aging
  • Nutrition & Weight Loss
  • Physical Activity
  • Wellness Tourism
  • Preventive & Personalized Medicine
  • Spa Economy
  • Others

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on US Health and Wellness Market

5.1. COVID-19 Landscape: US Health and Wellness Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. US Health and Wellness Market, By Sector

8.1. US Health and Wellness Market, by Sector Type, 2024-2033

8.1.1. Personal Care & Beauty & Anti-Aging

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Nutrition & Weight Loss

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Physical Activity

8.1.3.1. Market Revenue and Forecast (2021-2033)

8.1.4. Wellness Tourism

8.1.4.1. Market Revenue and Forecast (2021-2033)

8.1.5. Preventive & Personalized Medicine

8.1.5.1. Market Revenue and Forecast (2021-2033)

8.1.6. Spa Economy

8.1.6.1. Market Revenue and Forecast (2021-2033)

8.1.7. Others

8.1.7.1. Market Revenue and Forecast (2021-2033)

Chapter 9. US Health and Wellness Market and Trend Forecast

9.1. U.S.

9.1.1. Market Revenue and Forecast, by Sector (2021-2033)

Chapter 10. Company Profiles

10.1. Amway Corp.

10.1.1. Company Overview

10.1.2. Product Offerings

10.1.3. Financial Performance

10.1.4. Recent Initiatives

10.2. Herbalife Nutrition Ltd.

10.2.1. Company Overview

10.2.2. Product Offerings

10.2.3. Financial Performance

10.2.4. Recent Initiatives

10.3. Procter & Gamble

10.3.1. Company Overview

10.3.2. Product Offerings

10.3.3. Financial Performance

10.3.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research

11.2. Secondary Research

11.3. Assumptions

Chapter 12. Appendix

12.1. About Us

12.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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