The latest report by IMARC Group, titled “Health and Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” finds that the global health and wellness market size reached a value of US$ 3,294 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 4,277 Billion by 2027, expanding at a CAGR of 4.2% during 2022-2027. Health and wellness refer to the state of complete physical, emotional and mental well-being of an individual. It is achieved by living a healthy lifestyle, practicing regular exercise, and avoiding or limiting the consumption of junk food.  Some of the most crucial aspects of health and wellness are fitness, nutrition, personal care, weight management, and preventive medicines. Over the years, health and wellness products have gained widespread popularity across the globe owing to the inflating income levels and rising health concerns among individuals.
 
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
 
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Global Health and Wellness Market Trends:
The market is primarily driven by the growing prevalence of lifestyle diseases such as diabetes, hypertension, asthma, arthritis, cancer, and other stress-related disorders among individuals due to sedentary lifestyles and hectic schedules. As a result, people are extensively adopting various healthcare activities, including yoga, meditation, and athletics. Moreover, the growing trend of using the wearable devices, such as fitness bands and trackers, is also contributing to the market growth. Besides this, the rapid growth of wellness tourism sector is escalating the demand for health and wellness products. Furthermore, the rising disposable incomes and the growing health-consciousness among consumers are anticipated to propel the market growth in the upcoming years.
 
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Key Market Segmentation:
 
Competitive Landscape:
 
The competitive landscape of the market has been examined with some of the key players include:
 
Breakup by Product Type:
 
Breakup by Functionality:
 
Breakup by Region
 
Key highlights of the report:
 
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
 
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
 
Other Reports By IMARC Group:
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