Call for Better FQ (Fitness Quotient) to drive the Medical Wellness market
With better health, better nutrition, better fitness, better appearance, better sleep, and better mindfulness being on the anvil, the global medical wellness market is poised to grow along an unprecedented note in the forecast period.
How does the Medical Wellness Market go as per sub-sectors?
The global medical wellness market, by type of service, spans personal care, beauty, and anti-aging, nutrition and weight loss, fitness and mind-body, preventive and personalized medicines, conventional and complementary medicines, medical spas, thermal/mineral springs, and workplace wellness. By age, it’s geriatric population, and adults. Application-wise, it’s rehabilitation, occupational wellness, and therapeutic wellness. By client, it’s domestic and international. Out of these, workplace wellness dominates the market with corporates pressing for wellness quotient (WQ).
The Region-wise Way
North America holds the largest market share with the population of the US showing greater interest in mindfulness. Along these lines, corporate wellness programs get set up, which are inclusive of benefits, policies that do address several risk factors and hold healthy wellbeing of employees in high esteem. As per NCCDPHP (National Centre for Chronic Disease Prevention and Health Promotion), over 150 Mn employees could get positively affected by promotion of health and wellbeing plans.
Europe stands second on this ground. This could be attributed to Germany taking the lead (holding over 18% of the overall market share), mainly because the population of Germany is more into fitness. The UK stands second in Europe.
The Asia-Pacific is expected to grow on a noteworthy note due to South Korea being at the forefront herein. South Korea, in fact, is subject to Korean New Deal that helps in fostering investments and partnerships across every facet of economy, inclusive of medical travel vertical. Furthermore, the Korea Tourism Organization is into partnership with Medical Tourism Association for expanding healthcare offerings to a broader base of patients at the international level.
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Persistence Market Research has mentioned about these findings in its market study entitled “Medical Wellness Market”.
Doing it the Competitive Way
Persistence Market Research has profiled the key players in medical wellness market as Naluri, Minmed Group Pte Ltd., Magenta Wellness Pte Ltd., Asiamedic Limited, Truworth Wellness (Truworth Health Technologies Pvt. Ltd.), Mednefits, BaliSpirit, Sukhavati Retreat, BDMS Wellness Clinic, and MeeHappy Wellness. It has further stated that Everwell, in March 2021, went on to invest in alternative therapies backed by research for catering to wellness-related concerns for several angles. As such, the company came up with Everwell Health and Wellness Clinic in Newport Beach (California) for offering an exclusive spectrum of advanced wellness solutions for optimizing physical and mental health.
In all, the global medical wellness market is expected to witness a remarkable wellness between 2021 and 2031 – Persistence Market Research