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Oct 18, 2022, 13:30 ET
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WILMINGTON, Del., Oct. 18, 2022 /PRNewswire/ — Health and wellness market companies are witnessing ample opportunities the back of rising adoption of preventive healthcare practices and growing trend of premiumization of personal care products. Strides made in wellness tourism and emphasis on public health have created a massive avenue for companies to capitalize into in the health and wellness market. The health and wellness market is forecast to advance at CAGR of 5% from 2021 to 2031.
An in-depth study by TMR has evaluated current demand and emerging opportunities in various health and wellness market segmentations, including in healthy eating, nutrition, and weight loss. Rapidly increasing adoption of anti-aging devices and prescription products globally has generated sizable revenues over the years. The trend is likely to continue unabated, anchored in growing spending on healthcare products by the elderly populations globally.
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Growing awareness of the spa culture has fueled strides in the spa economy, and has opened an incredible growth frontier in the health and wellness market. Immunity-boosting staycations present a massive avenue for wellness tourism, observed the market analysts. Premiumization of hand care products after the COVID-19 outbreaks had spurred revenues for health and wellness market manufacturers. Promoting sustainability in personal care products underlies some of the major health and wellness market strategies adopted by key players.
Key Findings of Health and Wellness Market Study
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Health and Wellness Market: Key Drivers
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Health and Wellness Market: Competition Landscape
The TMR study provides a detailed scrutiny of the marketing strategies adopted by leaders and several other key players to gain market shares.
Some of the key players are L’Oréal S.A., Grand Resort Bad Ragaz, COMO Hotels and Resorts, Lift Brands, Anytime Fitness LLC, Amway Corp., Herbalife Nutrition Ltd., Abbott Laboratories, and BioThrive Sciences.
Health and Wellness Market Segmentation
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Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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