The Other Health and Personal Care Stores Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Other Health and Personal Care Stores Global Market Report 2024, The other health and personal care stores market size has grown steadily in recent years. It will grow from $70.36 billion in 2023 to $73.64 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to consumer health and wellness trends, aging population, alternative medicine, specialized offerings.
The other health and personal care stores market size is expected to see steady growth in the next few years. It will grow to $88.25 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to e-commerce and online retail, personalized health and wellness, cbd and cannabis products, natural and organic products, health monitoring devices. Major trends in the forecast period include e-commerce and online sales, personalization and customization, natural and organic products, holistic and alternative medicine.
There is an increased concentration of growth in the number of surgeries performed worldwide across the historic period. Many people lose their lives from conditions that require surgical care. According to a study published by The Lancet Commissions, if the LMICs were to scale up the surgery rate annually, then a minimum volume of 5000 operations per 100,000 population is expected to be fulfilled by about two-thirds of countries. The increase in the number of surgeries performed annually is expected to boost the market’s growth as surgeries will increase the demand for growth of other health and personal care stores market supply.
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The other health and personal care stores market covered in this report is segmented –
1) By Type: Convalescent Supply Stores; Prosthetic Stores; Hearing Aid Stores; Sick Room Supply Stores; Medical Equipment And Supplies Stores; Personal Mobility Scooter Dealers
2) By Category: Mass Products; Premium Products
3) By License: Branded; Brand Licensed; Unbranded
The other health and personal care stores market report table of contents includes:
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Top Major Players
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