USA Health and Wellness Market to Surge Beyond $7 Trillion in 2024 | Driving Growth in Personalized Care and Preventive Health Through 2033

The global health and wellness market has experienced remarkable growth, rising from US$ 6.57 trillion in 2023 to US$ 7.09 trillion in 2024. This momentum reflects the increasing global focus on preventive healthcare, mental well-being, fitness, and sustainable nutrition. Looking ahead, the market is projected to nearly double, reaching US$ 14.92 trillion by 2033, expanding at a strong CAGR of 8.7% from 2025 to 2033. The surge is driven by rising consumer awareness, digital health innovations, and a growing demand for holistic lifestyle solutions worldwide.

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Health and wellness refers to maintaining overall physical, mental, and emotional well-being. It focuses on healthy habits, balanced living, and preventive care for a better quality of life.

Key Developments : Health and Wellness

United States: Health & Wellness Developments

✅ October 2025: Harvard Medical School partnered with Microsoft to integrate verified medical insights into AI-driven wellness tools, enhancing accuracy and reliability in digital health platforms.
✅ October 2025: The U.S. government introduced a national health data integration system allowing citizens to link medical records and wellness app data for better personalized healthcare.
✅ May 2025: U.S. health tech startups expanded AI-based wellness solutions focusing on mental health, fitness tracking, and preventive care through wearable technologies.

Japan: Health & Wellness Developments

✅ October 2025: SIIFIC Wellness Fund invested in a digital wellness company developing personalized employee health management platforms.
✅ April 2025: The Japanese government launched a nationwide platform promoting proactive wellness tracking through diet, sleep, and exercise data integration.
✅ March 2025: METI recognized companies implementing employee wellness initiatives under its "Health and Productivity Management" program.

Recent Mergers and Acquisitions: Health and Wellness

United States: Health & Wellness M&A
✅ October 2025: Qualtrics acquired Press Ganey Forsta to strengthen AI-powered tools for patient and healthcare experience management.
✅ February 2025: Celsius Holdings acquired Alani Nutrition to expand its presence in the functional wellness beverage sector.

Japan: Health & Wellness M&A
✅ October 2025: SIIFIC Wellness Fund invested in Personal Health Tech to enhance digital health data management and corporate wellness systems.
✅ August 2024: Kirin Holdings completed the acquisition of Fancl, reinforcing its long-term strategy in nutrition and wellness-focused consumer products.

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Key Players :

=> Top companies in the health and wellness market include Abbott, Bayer AG, Johnson & Johnson, Medtronic, Koninklijke Philips N.V., Haleon Group, Nestlé Health Science, Procter & Gamble, L'Oréal Paris and Danone, among others.

Growth Forecast Projected :

The Global Health and Wellness Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process :

Both primary and secondary data sources have been used in the global Health and Wellness Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Key Segments :

By Product Type:
Personal Care, Beauty & Anti-Aging Products, Nutrition and Food Products, Fitness & Body Wellness Products, Preventive & Personalized Health Products, Mental Wellness Products, Others

By Gender:
Female, Male

By End-User:
Hospitals, Diagnostic Centers, Specialty Clinics, Homecare Settings, Others

Regional Analysis for Health and Wellness Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Health and Wellness producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Health and Wellness revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the Health and Wellness Market?

A: In 2024, the Health and Wellness Market was valued at US$ 7.09 Trillion, reflecting its strong industry presence.

Q2: How large is the Health and Wellness Market expected to be by 2033?

A: By 2033, industry forecasts suggest the Health and Wellness Market will grow to around US$ 14.92 Trillion, demonstrating significant expansion.

Q3: What is the growth rate of the Health and Wellness Market?

A: The market is projected to expand at a compound annual growth rate CAGR of 8.7% during the forecast period from 2025 to 2033.

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