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Global Health and Wellness Market 2020-2024

Date:2020-02-19 09:02:27

Source from: Technavio
 
The health and wellness market is expected to grow by USD 1,299.84 billion during 2020-2024, according to the latest market research report by Technavio.
 
Various chronic health conditions including diabetes, blood pressure, asthma, cancer, arthritis, and dementia are causing alarm among patrons of the health and wellness market. This is encouraging people to focus on preventive measures offered by the health and wellness products and services industry. In addition, other factors such as the rising incidence of stress and other health-related issues are driving consumers to spend on fitness equipment, healthcare devices, and supplementary diets. These factors will foster the growth of the health and wellness market during the forecast period.
 
“Rising number of new product launches in the market, increasing emphasis on promotion of health and wellness activities and programs and surging demand for organic, eco-friendly, clean-labeled, and sustainable health and wellness products are a few other factors that will eventually contribute to the global health and wellness market growth during the forecast period,” says a senior research analyst at Technavio.
 
The North America region led the health and wellness market in 2019, followed by Europe, APAC, MEA and South America. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as increasing demand for wellness tourism in the region and government initiatives supporting wellness tourism.
 
Asia Wellness Expo 2020 
Date: July 16th - 18th , 2020
Venue: China Import & Export Fair Complex, Guangzhou, China
Address: No. 380, Yuejiang Zhong Road, Guangzhou, China
Website: http://www.cnwie.com/index.php?lang=en