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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 | Jan 2015

Daily value: Growing interest in nutrition and needs of aging population will boost demand

IBISWorld’s Health Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 10-15
3.1%
Annual Growth 15-20
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Profit
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Employment
163,610
Businesses
68,102
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 2015. The needs of the aging population, trends toward increased healthy living and improving per capita disposable income 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 2015, and 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 2020, industry value added, which measures the industry's contribution to the overall economy, is forecast to grow at an annualized 3.0%, while GDP is projected to expand at an average annual rate of 2.5% during the same period. The mature industry is characterized by relatively 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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