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The latest report by IMARC Group, titled“ GCC Health and Wellness Market : Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 ”, offers a comprehensive analysis of the industry, which comprises insights on the GCC health and wellness market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The GCC health and wellness market size reached US$ 67.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 118.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032.
Health and wellness are a multifaceted concept that encompasses physical, mental, and emotional well-being. The aspects of health and wellness include maintaining a balanced diet, engaging in regular physical activity, managing stress effectively, getting adequate sleep, and nurturing positive relationships. The importance of health and wellness cannot be overstated. It plays a crucial role in enhancing the overall quality of life. Individuals who prioritize their health and wellness tend to have higher energy levels, improved mental clarity, and a greater sense of well-being. It also reduces the risk of chronic diseases, leading to a longer and healthier life.
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GCC Health and Wellness Market Trends:
The market in GCC is primarily driven by the growing awareness and emphasis on healthy living across the region. Additionally, the rapid expansion of e-commerce platforms in the GCC has made health and wellness products more accessible to a wider audience, propelling market growth. Moreover, the continual advancement of health-related technology, such as wearable fitness trackers and telemedicine platforms, is contributing to the growth of the health and wellness market.
Furthermore, increasing awareness and acceptance of mental health issues have led to an increase in demand for mental health professionals, counseling services, and stress management programs, driving market growth. In line with this, promoting government policies often includes measures to reduce the prevalence of chronic diseases, encourage healthier lifestyles, and promote preventive healthcare, augmenting the market demand.
Key Market Segmentation:
Breakup by Product Type:
Functional Foods and Beverages Beauty and Personal Care Products Preventive and Personalized Medicinal Products Others
Breakup by Functionality:
Nutrition & Weight Management Heart & Gut Health Immunity Bone Health Skin Health Others
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Breakup by Country:
Saudi Arabia UAE Qatar Oman Kuwait Bahrain
Key highlights of the Report:
Market Performance (2018-2023) Market Outlook ( 2024-2032 ) COVID-19 Impact on the Market Porter's Five Forces Analysis Historical, Current and Future Market Trends Market Drivers and Success Factors SWOT Analysis Structure of the Market Value Chain Analysis Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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