The Latest Consumer Health Industry Statistics Explained
The global consumer health market size was estimated at $235.93 billion in 2020.
The statistic indicates that the total market value of consumer health products and services worldwide was estimated to be $235.93 billion in the year 2020. This figure highlights the significant scale and economic importance of the consumer health industry on a global scale. Consumer health encompasses a wide range of products and services, including over-the-counter medications, personal care products, and health and wellness services. The size of this market suggests a high demand for consumer health-related goods and services, likely driven by factors such as increasing health awareness, aging populations, and rising healthcare costs. As such, the global consumer health market represents a substantial sector within the healthcare industry and plays a crucial role in meeting the health and wellness needs of individuals across the world.
The consumer health segment is expected to exhibit a CAGR of 5.9% from 2021 to 2028.
This statistic indicates that the consumer health segment is projected to experience a Compound Annual Growth Rate (CAGR) of 5.9% over the period from 2021 to 2028. CAGR is a reliable measure for assessing the average annual growth rate of an investment or sector over a specified time frame, smoothing out fluctuations and providing a consistent growth rate. In this context, the consumer health segment is anticipated to demonstrate steady and consistent growth, implying increasing demand for consumer health products and services among the public over the specified time horizon. This projection suggests potential opportunities for businesses operating within the consumer health industry to capitalize on the expected growth by developing and marketing relevant products or services to meet the rising consumer needs.
Over-the-counter (OTC) products accounted for a 48.0% share of the total revenue in 2020.
This statistic indicates that in 2020, over-the-counter (OTC) products contributed to 48.0% of the total revenue within a specific industry or market. OTC products are those that can be purchased directly by consumers without the need for a prescription. The fact that OTC products accounted for almost half of the total revenue suggests that they play a significant role in driving sales and generating revenue within the industry. This information could be valuable for stakeholders such as investors, market analysts, and industry players in understanding the market dynamics and the importance of OTC products in driving business performance in the given year.
OTC product sales are predicted to reach $178 billion by 2024.
This statistic indicates a forecasted growth in over-the-counter (OTC) product sales, with a projected revenue of $178 billion by the year 2024. This prediction suggests a significant increase in consumer spending on non-prescription health and wellness products over the next few years. Factors contributing to this growth may include an expanding market for self-care and preventive health measures, an aging population that is increasingly seeking OTC remedies, and advancements in technology and accessibility of OTC products. This statistic serves as a valuable insight for businesses in the healthcare industry, informing them of the potential market demand and opportunities for innovation and expansion in the OTC product sector.
The global digital health market, a segment of consumer health, is estimated to reach $210.9 billion by 2026.
The statistic indicates that the global digital health market, which falls under the consumer health sector, is projected to grow significantly and reach a value of $210.9 billion by the year 2026. This growth highlights the increasing adoption and importance of technology in healthcare, as digital health solutions such as telemedicine, health tracking apps, and wearable devices become more prevalent in improving patient care and outcomes. The estimated market size signals lucrative opportunities for businesses operating within the digital health space, as well as potential benefits for consumers in terms of enhanced access to healthcare services and more personalized health management solutions.
Nutritional supplements are projected to witness a CAGR of 7.0% over the forecast period.
This statistic indicates that the market for nutritional supplements is expected to experience a Compound Annual Growth Rate (CAGR) of 7.0% over the forecast period. CAGR is a measure used to understand the annual growth rate of an investment over a specified period, smoothing out the fluctuations that occur in year-to-year growth rates. In this context, a CAGR of 7.0% suggests that the market for nutritional supplements is anticipated to grow steadily at a rate of 7.0% per year over the forecast period. This projection implies increasing demand for nutritional supplements, potentially driven by factors such as rising health awareness, changing dietary habits, and a growing aging population seeking to maintain and improve their health.
About 77% of U.S. adults take dietary supplements.
This statistic suggests that a significant majority of adults in the United States, approximately 77%, regularly consume dietary supplements. This high prevalence could indicate a growing trend towards proactive health management and a focus on supplementing essential nutrients in one’s diet. Factors such as increasing awareness of the importance of nutrition, lifestyle choices, aging population, and marketing efforts by the supplement industry could contribute to the widespread use of dietary supplements among U.S. adults. Additionally, it emphasizes the importance of monitoring supplement usage, ensuring they are safe and effective, and consulting healthcare professionals for guidance on appropriate supplement choices.
North America accounted for the largest share, accounting for 32.1% of revenue in 2020.
The statistic “North America accounted for the largest share, accounting for 32.1% of revenue in 2020” indicates that out of all the regions or markets analyzed, North America generated the highest percentage of total revenue in the year 2020. Specifically, North America contributed 32.1% of the total revenue generated by the business or organization. This suggests that North America is a key market or region for the company, demonstrating the significance of its operations and customer base in that particular geographic area. Understanding this statistic can help the company make informed decisions regarding resource allocation, marketing strategies, and overall business growth opportunities in North America moving forward.
The Asia Pacific region is anticipated to gain momentum and account for 25.7% of the global revenue by 2028.
This statistic indicates that the Asia Pacific region is expected to experience significant growth in terms of revenue share on a global scale, with projections showing that it will represent approximately 25.7% of the total global revenue by 2028. This suggests a shifting economic landscape where the Asia Pacific region is becoming increasingly influential in driving global economic activity and expanding its market reach. The anticipated momentum in this region signifies opportunities for businesses and investors to capitalize on this growth potential and strategically position themselves to tap into the market opportunities offered by Asia Pacific countries.
The online sales platform is predicted to register the fastest CAGR of 6.2% from 2021 to 2028.
This statistic indicates that the online sales platform is expected to experience a Compound Annual Growth Rate (CAGR) of 6.2% from 2021 to 2028, which represents the average annual growth rate over that period. This prediction suggests that the online sales platform is likely to see significant expansion and increasing sales volumes over the next few years. A CAGR of 6.2% is considered relatively fast growth, implying strong potential for the online sales market to capitalize on changing consumer behaviors and preferences, leading to increased market share and revenue generation. Overall, this statistic highlights a positive outlook for the online sales platform industry, indicating opportunities for businesses operating in this sector to thrive and prosper in the coming years.
The global mHealth apps market size was valued at $28.320 billion in 2018.
The statistic indicates that in 2018, the global market for mobile health (mHealth) applications reached a total value of $28.320 billion. This figure represents the cumulative revenues generated by the sales and usage of mHealth apps across various regions worldwide during that year. The significant market size reflects the growing importance and adoption of digital health technologies aimed at enhancing healthcare delivery, promoting wellness, and empowering individuals to monitor and manage their health using mobile devices. The continued expansion of the mHealth industry suggests a shift towards more personalized and accessible healthcare solutions, leveraging the convenience and ubiquity of mobile technology to improve health outcomes and empower individuals in managing their well-being.
The U.S. consumer health market is estimated to reach $50 billion by 2025.
The statistic that the U.S. consumer health market is estimated to reach $50 billion by 2025 signifies the projected financial value of the market dedicated to health-related products and services purchased by American consumers. This indicates a significant growth trajectory in the coming years, reflecting potentially increasing demand for health and wellness products, medical devices, fitness services, and other goods and services related to consumer health. Such a substantial market size forecast also suggests opportunities for businesses operating in the consumer health sector to expand their offerings, innovate, and cater to the evolving needs and preferences of consumers for better health and well-being.
The beauty and anti-aging segment, a part of consumer health industry, dominates the global wellness market with a value of $1.083 billion.
The statistic indicates that within the consumer health industry, the beauty and anti-aging segment is a major player in the global wellness market, presenting a significant market value of $1.083 billion. This suggests that consumers worldwide are heavily investing in products and services related to beauty and anti-aging, highlighting a strong demand for these types of offerings. The dominance of this segment also reflects the growing emphasis on personal wellness and self-care among individuals seeking to improve their appearance and mitigate the effects of aging. Such a substantial market value underscores the economic impact and influence of beauty and anti-aging products within the broader wellness industry, illustrating the sector’s importance in driving global market growth and consumer spending trends.
The therapeutic device market, a key component of consumer health industry, is expected to reach $6.26 billion by 2025.
The statistic suggests that the therapeutic device market, which plays a crucial role in the consumer health industry, is projected to experience significant growth and reach a value of $6.26 billion by the year 2025. This indicates a strong demand for therapeutic devices designed to improve health and well-being among consumers. The forecasted expansion of the market reflects a growing emphasis on preventative and personalized healthcare, as well as advancements in technology and innovation driving the development of new and more effective therapeutic devices. This trend underscores the importance of addressing health issues and promoting wellness through the utilization of these devices, highlighting the evolving landscape of the consumer health industry.
Over 50% of adults in several countries are overweight or obese, driving the consumer health industry.
The statistic that over 50% of adults in several countries are overweight or obese highlights a significant global health issue that has profound implications on individuals, healthcare systems, and the consumer health industry. The prevalence of overweight and obesity in various countries indicates a pattern of unhealthy lifestyle choices, including poor diet and lack of physical activity. This trend places a heavy burden on healthcare systems, as obesity is associated with an increased risk of chronic diseases such as diabetes, cardiovascular problems, and certain types of cancer. In response to the growing demand for solutions to combat obesity, the consumer health industry has expanded to offer a wide range of products and services geared towards weight management, diet plans, fitness programs, and other health-related offerings. As a result, the consumer health industry has seen significant growth driven by the need to address the rising rates of overweight and obesity among adults globally.
About 80% of internet users search for health-related topics online.
The statistic that about 80% of internet users search for health-related topics online indicates a significant reliance on the internet as a primary source of health information. This high proportion suggests that a large majority of individuals turn to the internet to seek out information on various health concerns, symptoms, treatments, and medical advice. It highlights the pervasive influence of online resources in shaping health-related behavior and decision-making among the general internet-using population. This trend underscores the importance of ensuring the accuracy, credibility, and accessibility of online health information to empower users to make informed choices about their health and well-being.
Herbal/traditional products accounted for 20.3% of the total dietary supplements sales.
This statistic indicates that out of the total sales of dietary supplements, 20.3% were attributed to herbal or traditional products. This suggests a significant market share for herbal and traditional supplements within the broader dietary supplement industry. The popularity of these products may be driven by increasing consumer interest in natural and alternative health remedies. Understanding the proportion of sales coming from herbal/traditional products can provide valuable insights for businesses in the dietary supplement market, helping them target their marketing strategies and product development efforts more effectively to meet the demands of consumers seeking these types of supplements.
The digestive health supplements market is expected to reach $15.6 billion by 2025.
This statistic indicates that the market for digestive health supplements is projected to grow substantially over the next few years, with an estimated value of $15.6 billion by the year 2025. This forecast suggests a significant increase in consumer demand for products that promote digestive wellness, potentially driven by factors such as a growing awareness of the importance of gut health, shifts in dietary patterns, and an aging population. The anticipated expansion of the digestive health supplements market signifies opportunities for businesses operating in this sector to capitalize on the rising interest in products that support digestive function and overall well-being.
The overall consumer fitness market is expected to reach $622.45 billion by 2026.
The statistic “The overall consumer fitness market is expected to reach $622.45 billion by 2026” suggests that the total value of goods and services related to consumer fitness is projected to grow significantly over the specified time period. This indicates a strong and increasing demand for fitness-related products and services among consumers, potentially reflecting a greater emphasis on health and wellness in society. The estimated market value serves as an important metric for investors, businesses, and policymakers to gauge the size and potential growth of the consumer fitness industry, highlighting opportunities for expansion, innovation, and market competition in the coming years.
Sales of sports nutrition supplements are expected to reach $31.2 billion by 2025.
The statistic that sales of sports nutrition supplements are projected to reach $31.2 billion by 2025 indicates a substantial growth trajectory in the market for these products over the coming years. This estimate reflects the increasing demand for sports nutrition supplements from athletes, fitness enthusiasts, and health-conscious consumers looking to enhance their physical performance, recovery, and overall well-being. Factors driving this upward trend may include the growing popularity of health and fitness lifestyles, advancements in sports science and nutrition research, as well as the expanding availability and variety of sports nutrition products in the market. As a result, businesses operating in the sports nutrition industry are poised to benefit from this potential market expansion and should consider strategic measures to capitalize on this projected growth.
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