The rising disposable income levels, along with the increased affordable nature of healthcare and wellness products had a significant effect on the global healthcare and wellness market.
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The urban population and per-capita income is growing rapidly in both developed and the developing economies. This increase has led to lifestyle changes and an improvement in the standards of living. However, it has also led to the prevalence of different types of health issues due to the sedentary lifestyle, which in turn, has increased health consciousness among consumers.
The rising disposable income levels, along with the increased affordable nature of healthcare and wellness products had a significant effect on the global healthcare and wellness market.
A key trend that has been observed and will be relevant in the coming years in the healthcare and wellness space as found by Triton Market research is the growing number of mental illness cases. The common forms identified include depression, anxiety, insomnia, fear and stress. If not addressed in the early stages might adversely affect the patient’s physical health and also lead to other chronic disorders like heart diseases, diabetes, cancer and obesity. Stress, which might be caused due to societal expectations, monetary problems, and work issues can lead to many adverse effects on an individual's life. Its one of the primary problems faced by people and studies show that about 20% of individuals in the US experience it at a particular point in time.