Press release
Health Coaching Market is Predicted to Attain $28.57 Billion by 2028 at a CAGR of 8.8% during Forecast Period 2024-2033
Health Coaching Market Report
The Business Research Company offers in-depth market insights through Health Coaching Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The health coaching market size has grown strongly in recent years. It will grow from $18.69 billion in 2023 to $20.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased health consciousness, preventive healthcare trends, chronic disease management needs, corporate wellness programs, individualized and holistic approach.
The health coaching market size is expected to see strong growth in the next few years. It will grow to $28.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to evolving healthcare landscape, mental health and well-being awareness, remote and virtual health services, integration with healthcare systems, government initiatives for preventive healthcare. Major trends in the forecast period include government initiatives for population health, expansion of aging population and chronic diseases, cultivation of health coaching as a profession, adoption in educational and institutional settings, integration with health insurance programs..
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Market Segmentation:
The health coaching market covered in this report is segmented -
1) By Type: Holistic Health Coach, Wellness Health Coach, Primal And Paleo Health Coach
2) By Mode: Online, Offline
3) By Duration: Less Than 6 Months, 6 Months To 12 Months
4) By Application: General Wellness, Weight Loss, Technology Detoxification, Smoking Cessation, Behavioral Health, Anxiety And Depression Relief, Stress Management, Sleep Support, Chronic Conditions
Major Driver - Surge In Behavioral Health Disorders Drives Growth Of Health Coaching Market
The rise in the prevalence of behavioral health disorders is expected to propel the growth of the health coaching market. Behavioral health disorders, also known as mental health disorders, refer to a wide range of conditions that affect a person's thoughts, emotions, and behaviors, leading to significant distress and impairment in daily functioning. Health coaching has been highly beneficial for individuals with behavioral health disorders in several ways, including providing customized support, behavioral change approaches, accountability and incentives, cooperation with healthcare providers, and a holistic approach. For instance, in August 2022, according to the reports shared by the National Alliance on Mental Illness., a US-based nonprofit organization, 57.8 million adults in the United States (22.8 % of the population) had a mental disease in 2021. Moreover, according to the Mental State of the World Report 2021, nearly 40% of Middle Eastern youth between the ages of 18 and 24 experienced mental health issues in 2021. Therefore, the rise in the prevalence of behavioral health disorders is driving the health coaching market.
Competitive Landscape:
Major companies operating in the health coaching market report are Health Coach Institute, Advanced Wellness Systems LLC, Concentra Inc., American Council On Exercise, UK Health Coaches Association, Noom Inc., Wellcoaches Corporation, Institute for Integrative Nutrition, Precision Nutrition, Duke Integrative Medicine, National Society of Health Coaches, Real Balance Global Wellness Services, Catalyst Coaching Institute, Functional Medicine Coaching Academy, Marquee, Cleveland Clinic, Dr. Sears Wellness Institute, National Board for Health & Wellness Coaching, National Consortium for Credentialing Health & Wellness Coaches, American Association for Health Education, Vida Health, Omada Health, Welltok Inc., InHealth Coaching, Cerner Wellness, Limeade, The Mayo Clinic, Cigna Corporation, UnitedHealth Group, The Cooper Institute, The International Coach Federation, The Functional Medicine Coaching Academy, The Institute for Integrative Nutrition, The National Wellness Institute,
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Top Trend - Advancements In Health Coaching Technologies
Technological advancements are a key trend gaining popularity in the health coaching market. Major companies operating in the health coaching market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Second Nature Healthy Habits Ltd., a UK-based wellness and fitness services provider, launched a new AI health coaching tool called CoachGPT. This innovative technology is a conversational AI that can help users set goals, track progress, and stay motivated on their health journey. CoachGPT is powered by OpenAI's GPT-3 language model, which is one of the most advanced AI models in the world. GPT-3 is trained on a massive dataset of text and code, which allows it to generate text, translate languages, write different kinds of creative content, and answer user questions in an informative way. Additionally, this powerful AI can provide personalized guidance, motivation, and support to users. It can answer questions about health and nutrition, provide feedback on progress, and offer suggestions for how to stay on track.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Health Coaching Market Characteristics
3. Health Coaching Market Trends And Strategies
4. Health Coaching Market - Macro Economic Scenario
5. Health Coaching Market Size And Growth
…..
27. Health Coaching Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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