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Global Medical Wellness Market Report and Forecast 2023-2031

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  • 140 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5805782
The global medical wellness market size is being driven by the rising prevalence of the condition across the globe. The market value was close to USD 1,309.1 billion in 2022. It is likely to grow at a CAGR of 14% during the forecast period of 2023-2031 to attain a value of USD 4,257.1 billion by 2031.

Medical Wellness Market: Introduction

Medical wellness refers to the proactive approach of incorporating medical and healthcare practices into a person's lifestyle to optimize their overall well-being and prevent potential health problems. It focuses on maintaining and improving health rather than just treating illnesses or injuries.

The benefits of medical wellness are numerous:
  • Prevention: Medical wellness emphasizes preventive measures, such as regular check-ups, screenings, and vaccinations, to detect potential health issues at an early stage. This proactive approach can help identify and address health risks before they become serious problems
  • Holistic approach: Medical wellness considers various aspects of an individual's health, including physical, mental, and emotional well-being. It promotes a comprehensive approach to healthcare that considers the interconnectedness of these factors
  • Health promotion: Medical wellness encourages individuals to adopt healthy lifestyle habits, such as regular exercise, balanced nutrition, stress management, and adequate sleep. These behaviours can help reduce the risk of chronic diseases, enhance immune function, and improve overall quality of life
  • Personalized care: Medical wellness often involves personalized healthcare plans tailored to individual needs and goals. It recognizes that each person has unique health requirements and aims to provide targeted interventions and guidance
  • Improved quality of life: By promoting good health practices and preventing diseases, medical wellness can lead to an enhanced quality of life. It enables individuals to maintain optimal physical and mental functioning, enabling them to enjoy their daily activities and pursue their goals
  • Cost-effectiveness: Investing in medical wellness can potentially reduce healthcare costs in the long run. By preventing or detecting health problems early, individuals may require fewer medical interventions, hospitalizations, and expensive treatments
  • Empowerment and education: Medical wellness encourages individuals to take an active role in managing their health. It provides education, resources, and tools to help individuals make informed decisions and take responsibility for their well-being
  • Stress reduction: Incorporating medical wellness practices, such as relaxation techniques, mindfulness, and stress management strategies, can help individuals cope with stress more effectively. This can have a positive impact on mental health and overall well-being
  • Enhanced productivity: When individuals prioritize their health and well-being through medical wellness practices, they often experience increased energy, improved concentration, and better cognitive function. This can lead to higher productivity in various areas of life, including work, relationships, and personal goals
Overall, medical wellness focuses on promoting health, preventing illnesses, and empowering individuals to lead healthier and more fulfilling lives. By taking a proactive approach to health, individuals can reap the benefits of improved well-being, longevity, and a higher quality of life.

Medical Wellness Market Segmentations

The market can be categorised into wellness sector, age group, distribution channel, and region.

Market Breakup by Wellness Sector

  • Traditional and Complementary Medicine
  • Beauty Care and Personal Care
  • Healthy Eating, Nutrition, and Weight Loss
  • Preventive and Personalized Medicinal Products
  • Spa Industry
  • Workplace Wellness
  • Others

Market Breakup by Age Group

  • Adults
  • Geriatric

Market Breakup by Distribution Channel

  • Franchise
  • Company Owned Outlets
  • Others

Medical Wellness Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Medical Wellness Market Scenario

The medical wellness market has been experiencing significant growth and transformation in recent years. Increasing awareness about the importance of preventive healthcare and the desire for a holistic approach to well-being have contributed to the expansion of this market. Medical wellness encompasses a wide range of products, services, and technologies aimed at promoting health, preventing diseases, and improving overall well-being.

One prominent trend in the medical wellness market is the integration of technology and healthcare. The rapid advancements in digital health, wearable devices, telemedicine, and health apps have revolutionized how individuals engage with their health. These technologies enable remote monitoring, personalized health tracking, and access to medical professionals, empowering individuals to take control of their well-being. The growing demand for connected health devices and apps has created a thriving market for innovative solutions in the medical wellness sector.

Another driving factor in the medical wellness market is the shift towards personalized and proactive healthcare. Consumers are increasingly seeking customized health solutions tailored to their specific needs and goals. This has led to the emergence of personalized medicine, genetic testing, and individualized healthcare plans. Medical wellness providers are focusing on offering personalized services, such as genetic counselling, nutritional guidance, and lifestyle coaching, to help individuals optimize their health and prevent potential health risks.

The medical wellness market has also witnessed the rise of wellness tourism and retreats. People are increasingly looking for immersive experiences that combine medical treatments with relaxation, rejuvenation, and self-care. Wellness resorts and retreats offer a range of services, including spa treatments, fitness activities, mindfulness programs, and integrative medicine practices. These destinations provide individuals with an opportunity to escape from their daily routines and focus on their well-being in a serene and supportive environment.

Key Players in the Global Medical Wellness Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the medical wellness market are as follows:
  • VLCC Health Care Limited
  • Bayer AG
  • David Lloyd Leisure Ltd
  • WTS International, LLC
  • Amway Corp
  • Truworth Wellness
  • Naluri’s
  • Minmed Group
  • Healthkart
  • Enrich Hair & Skin Solutions Pvt Ltd

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Medical Wellness Market Overview
3.1 Global Medical Wellness Market Historical Value (2016-2022)
3.2 Global Medical Wellness Market Forecast Value (2023-2031)
4 Global Medical Wellness Market Landscape
4.1 Global Medical Wellness Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Medical Wellness Product Landscape
4.2.1 Analysis by Wellness Sector
4.2.2 Analysis by Age Group
4.2.3 Analysis by Distribution Channel
5 Global Medical Wellness Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Medical Wellness Market Segmentation
6.1 Global Medical Wellness Market by Wellness Sector
6.1.1 Market Overview
6.1.2 Traditional and Complementary Medicine
6.1.3 Beauty Care and Personal Care
6.1.4 Healthy Eating, Nutrition, and Weight Loss
6.1.5 Preventive and Personalized Medicinal Products
6.1.6 Spa Industry
6.1.7 Workplace Wellness
6.1.8 Others
6.2 Global Medical Wellness Market by Age Group
6.2.1 Market Overview
6.2.2 Adults
6.2.3 Geriatric
6.3 Global Medical Wellness Market by Distribution Channel
6.3.1 Market Overview
6.3.2 Franchise
6.3.3 Company Owned Outlets
6.3.4 Others
6.4 Global Medical Wellness Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Medical Wellness Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Medical Wellness Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Medical Wellness Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Medical Wellness Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Medical Wellness Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1 VLCC Health Care Limited
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Bayer AG
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 David Lloyd Leisure Ltd.
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 WTS International, LLC
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 MINDBODY Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Amway Corp.
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Truworth Wellness
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Naluri’s
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Minmed Group
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Healthkart
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Enrich Hair & Skin Solutions Pvt Ltd
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
18 Global Medical Wellness Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • VLCC Health Care Limited
  • Bayer AG
  • David Lloyd Leisure Ltd.
  • WTS International LLC
  • Amway Corp.
  • Truworth Wellness
  • Naluri’s
  • Minmed Group
  • Healthkart
  • Enrich Hair & Skin Solutions Pvt Ltd



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