Regaining health: An aging population and growing interest in nutrition will boost industry demand

The Health Stores industry has grown only slightly over the five years to 2018. The needs of the aging US population, trends toward healthier living and robust growth in per capita disposable income have contributed to the industry's growth. However, growing competition from mass merchandisers and the increasing percentage of services conducted online have cut into brick and mortar retailers' sales. As a result, revenue is expected to rise only modestly over the five years to 2018. The Health Stores industry is expected to continue growing over the five years to 2023. Despite efforts to reduce costs, profit is expected to decrease slightly amid intensifying competition from new market entrants, mass merchandisers and online retailers...purchase to read more.

Industry Statistics & Market Size
Revenue
$22bn
Annual Growth 13-18
0.6%
Forecast Growth 18-23
Profit
Employment
189,414
Businesses
97,378
Market Share of Companies

Industry Threats & Opportunities

  • Operators have been forced to compete with mass merchandisers and online retailers
  • Sports nutrition products represent the largest and fastest-growing product segment
  • The industry’s core customer base will continue growing due to the aging US population
  • Industry Report - Industry Analysis Chapter

    The Health Stores industry has experienced slow growth over the five years to 2018, driven by rising per capita disposable income, the aging population, increasing health awareness and new product innovations. Increasingly fierce competition from other retail channels has pressured sales during the period. Nonetheless, industry revenue is anticipated to rise at an annualized 0.6% to $22.5 billion during the five-year period, with expected growth of 0.8% in 2018.An increasing healthy eating index and rising disposable income have been the main causes of industry revenue growth during the period. How...purchase to read more.

    Additional Insights for the Health Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Health Stores Industry are

  • Ability to control stock on hand
  • Ability to alter goods and services sold in favor of market conditions
  • Establishment of brand names
  • IBISWorld analysts also discuss how external factors such as Healthy eating index and Per capita disposable income in the Health Stores industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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. Online sales are also excluded from the industry.

    Industry Products
  • Vitamin and mineral supplements
  • Convalescent care products
  • Orthopedic equipment and first-aid supplies
  • Sports nutrition products
  • Industry Activities
  • Retailing convalescent care products
  • Retailing first-aid products
  • Retailing orthopedic equipment
  • Retailing sports nutrition equipment
  • Retailing vitamin and mineral supplements
  • Retailing otological equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Healthy eating index
  • Per capita disposable income
  • Median age of population
  • Percentage of services conducted online
  • Research and development expenditure

  • Current Performance
  • Healthy demand
  • Regulatory and competitive threats
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Aging population boosts demand
  • Regulation
  • Competition and profit
  • Table: Health Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Health Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Drug, Cosmetic & Toiletry Wholesaling
  • Generic Pharmaceutical Manufacturing
  • Medical Supplies Wholesaling
  • Vitamin & Supplement Manufacturing

  • Products & Services
  • Sports nutrition products
  • Vitamin and mineral supplements
  • Convalescent care products
  • Orthopedic equipment and first-aid supplies
  • Other
  • Chart: Health Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 25 to 44
  • Consumers aged 65 and older
  • Consumers under the age of 25
  • Chart: Major Market Segmentation for the Health Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages and depreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Health Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Health Stores Industry

  • Industry Globalization
    GNC Holdings Inc., Vitamin Shoppe Inc.,
  • Table: GNC Holdings Inc. - financial performance
  • Table: Vitamin Shoppe Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Health Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Health Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Healthy eating index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Convalescent
  • A person recovering from an illness or operation.
  • Dietary Supplement
  • A preparation intended to provide missing or insufficient quantities of nutrients in a person's diet.
  • Orthopedics
  • A branch of medicine that deals with the prevention or correction of injuries or disorders of the skeletal system and associated muscles, joints and ligaments.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Health Stores Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Health Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Health Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Health Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear