Press release
Other Health and Personal Care Stores Market to Hit $88.25 Bn by 2033 with a Steady Growth Rate of 4.6%
Other Health and Personal Care Stores Market
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, 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.
Market Overview -
Other health and personal care refer to services for people who require assistance with daily activities and health issues. The other health and personal care include health and personal care products excluding medicines, optical products, perfumes, cosmetics, beauty supplies, and food supplement products in the retail and wholesale industry.
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Surgical Procedures On The Rise Implications For Market Growth
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.
Competitive Landscape -
Major companies operating in the other health and personal care stores market include USANA Health Sciences Inc., Enzymatic Therapy Inc., Ajinomoto Health & Nutrition North America Inc., Super Supplements Inc., Herbalife Nutrition Ltd., Forever Living Products International Inc., TriVita Inc., Nature's Sunshine Products Inc., Integrated BioPharma Inc., CVS Health Corporation, Walgreens Boots Alliance Inc., Rite Aid Corporation, GNC Holdings Inc., The Vitamin Shoppe Inc., Sally Beauty Holdings Inc., Ulta Beauty Inc., Sephora USA Inc., Bath & Body Works LLC, Vitamin World Inc., PetSmart Inc., The Body Shop International Limited, Holland & Barrett Retail Limited, L'Occitane Inc., The Face Shop Co. Ltd., Kiehl's Since 1851 LLC, Lush Fresh Handmade Cosmetics Ltd., Vitamin Cottage Natural Food Markets Inc., Mother's Market & Kitchen Inc., Vitamin Shoppe Inc., Life Time Inc., Pharmaca Integrative Pharmacy Inc., Sprouts Farmers Market Inc., Planet Fitness Inc., New Seasons Market LLC, Smoothie King Franchises Inc., Juice It Up! Franchise Corporation, Massage Envy Franchising LLC, European Wax Center LLC, Equinox Holdings Inc.
Retailing Reinvented Brands Expand Offerings In Health And Personal Care Stores
Major companies operating in other healthcare and personal care stores market are introducing new brands available in various stores to drive revenues in the market. The launch of Maude and Luna Daily at Sephora solidified the brands' positions in the sexual wellness and intimate care market and provided a valuable opportunity for Sephora to expand its offerings in the category. For instance, in April 2023, Maude, a US-based personal care brand and Luna Daily, a US-based body care brand introduced intimate care products from Maude and Luna Daily in over 260 stores at Sephora. Maude was the first sexual wellness brand to be stocked in Sephora's brick-and-mortar stores. Luna Daily was the first exclusive U.K. intimate care brand to launch at Sephora.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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