New York, USA, April 13, 2021 (GLOBE NEWSWIRE) — A report was recently published by Research Dive titled, “Health and Wellness Market, by Product Type (Beauty & Personal Care Products, Health & Wellness Food, Wellness Tourism, and Fitness Equipment, Preventive & Personalized Health), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026”
The global health and wellness market is set to witness a rise in revenue from $4,514 million in 2018 to over $6,543.4 million in 2026 at a stable CAGR OF 4.8%.
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The North American region is predicted gain revenue of $2,519.2 million by 2026. This growth is due to the rising prevalence of wellness services in more developed nations such as U.S and Canada. Additionally, the rising levels of chronic illnesses among the countries are predicted to add to the growth of the market.
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Key Market Segments of the Health and Wellness Market
- By product type, the health and wellness food sub –segment is predicted to see immense growth with an expected revenue of $1,017.8 million by 2026. This is due to a boost in the tourism sector under which wellness…