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Health Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Health Stores Market Research Report | NAICS 44619 | Sep 2014

Healthy growth: Rising health consciousness and the needs of the aging population will bolster demand

IBISWorld’s Health Stores market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 09-14
2.0%
Annual Growth 14-19
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Profit
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Employment
156,510
Businesses
64,847
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Health Stores Industry?

The Health Stores industry includes retailers that primarily sell health and personal care products. Industry establishments include nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes pharmacies and optical goods, perfume, cosmetics and beauty supply stores.

Industry Products
Vitamin and mineral supplementsFirst-aid productsConvalescent care productsOrthopedic equipmentSports nutrition products
 
Industry Activities
Retailing convalescent care productsRetailing first-aid productsRetailing orthopedic equipmentRetailing sports nutrition equipmentRetailing vitamin and mineral supplementsRetailing otological equipment


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