Wellness Services Market: Industry Analysis, Trend and Growth, 2014 – 2020 by Future Market Insights

Global Wellness
Services Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014 - 2020
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Report
Description
Report Description
Wellness is a vital process of becoming aware of and taking responsibility for making choices
that directly contribute to health. It is a balanced amalgamation of one’s body, mind and spirit.
Wellness means valuing and taking good care of one’s body. The objective of wellness services is
to change the association between service users and health services by allowing individuals to
preserve and improve their health. It spread knowledge, motivation, and skills toward enhancing
personal fitness and health. Wellness services help make healthy and positive choices regarding
a variety of factors, such as nutrition, physical activity, sexuality, sleep, the use of alcohol and
drugs, self-care, and the appropriate use of health care systems. The services help enhance
awareness of our current state of health in multiple dimensions with the initiative, tools and
support to make lasting changes towards a more optimal life. The primary dimensions of
wellness are: mental, physical, spiritual, social, environmental, emotional and occupational. The
integrated model of wellness services encompasses a broader spectrum that includes a healthy
lifestyle, family and early years, welfare, community development and leisure, work, learning
and skills, self-care and independent living, and healthy protection and personal safety.
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Report
Description
Report Description
Wellness services include rejuvenation, slimming, beauty, counselling, alternative therapy and
fitness. Among these, rejuvenation services such as spas and ayurvedic treatments are trending
while slimming and fitness centers also augment the global wellness services market. Primary
drivers of this market are increase in population and their per capita income. People are
becoming health conscious and focusing more towards relaxation and proper maintenance of
physical fitness. Increase in life expectancy, non-uniform reach of medical systems and
globalization are some of the major trends in wellness service industry.
A key advantage of wellness services is that consumer spending in this market continues to be
buoyant, due to which the demand for wellness is rapidly increasing developed economies as
people are becoming more aware of fitness and beauty. However, there are some disadvantages
too, like paucity of skilled and trained personnel, usage of low-value, ineffective and harmful
products by wellness services providers with a view to regulate costs, regional differences in the
probable wellness service offering, leading to a non-standardized approach for offerings, etc.
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Report
Description
Report Description
The global wellness services have a strong market presence in the U.S. and Europe as these
regions are more attentive towards health and wellness. Additionally, demographics-driven
wellness services and anti-ageing treatments, younger people and escalating middle-classes are
augmenting the growth of global wellness services market. The market is emerging in AsiaPacific where the population is growing and there is awareness among its people for health and
wellness. Industrial growth in the corporate sector is one of the reasons in developing countries
to demand for wellness services, thus acting as a growth opportunity for the global wellness
services market. Key vendors in the global wellness services market include Gold's Gym
International, Inc., Johnson & Johnson and others. A growing concern over health and fitness
has led these companies to expand their business. For instance, Gold’s Gym, the world leader in
fitness and wellness, collaborated with Microsoft on its just-unveiled smart wearable band for
people who want to live healthier and be more productive. Also, Johnson & Johnson recently
collaborated with Janssen and USAID (United States Agency for International Development) to
fight against the health threat of antibiotic-resistant bacteria.
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Report
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Wellness is a vital process of becoming aware of and taking responsibility for making choices that directly contribute to health. It is a balanced amalgamation of one’s body, mind and spirit. Wellness means valuing and taking good care of one’s body. The objective of wellness services is to change the association between service users and health services by allowing individuals to preserve and improve their health.