Industry Analysis & Industry Trends
Despite struggles across the entire retail sector, the rapidly growing Health Stores industry has performed well during the five years to 2014. The needs of the aging population, increasing trends toward healthy living, improving per capita disposable income and escalating healthcare costs are contributing to the industry's growth. In particular, changing attitudes toward personal healthcare are driving demand for natural and anti-aging products. As a result, revenue is expected to rise during the five years to 2014. Moderate growth is expected to continue during the next five years. Despite cost-reduction efforts, profit margins are expected to fall, as competition from new market entrants, mass merchandisers and online retailers intensifies and drives down prices... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Health Stores industry is in the mature phase of its life cycle. During the 10 years to 2019, industry value added, which measures the industry's contribution to the overall economy, is forecast to grow at an annualized 1.3%, while GDP is projected to expand at an average annual rate of 2.5% during the same period. Despite a sluggish recovery compared to the overall economy, the mature industry is characterized by slow enterprise growth, complete market acceptance of the industry's products and moderate technological innovation.
Although product innovations have been facilitating revenue growth, many health products are already in US households and any advancements typically only stimulate marginal gains... purchase to read more