Health & Wellness Coaching - G7

Highlights

The Health & Wellness Coaching market is set to achieve a noteworthy milestone in the G7 country, as revenue is projected to reach US$6.14bn by 2024.
This impressive figure is anticipated to grow at an annual growth rate of 6.97% (CAGR 2024-2029), resulting in a projected market volume of US$8.60bn by 2029.
In terms of user penetration, the market is expected to have a share of 32.62% in 2024, which is anticipated to increase to 36.67% by 2029.
This indicates a positive trend in the adoption of Health & Wellness Coaching market services among the population.
Furthermore, the average revenue per user (ARPU) is projected to be US$24.19, reflecting the value placed by consumers on these services.
When compared globally, United States stands out as the highest revenue generator in the Health & Wellness Coaching market.
In 2024, it is anticipated to contribute US$3.83bn to the overall market revenue in the G7 country.
In the United States, Health & Wellness Coaching in the Digital Health market is thriving due to the high demand for personalized and convenient healthcare solutions.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Health & Wellness Coaching market in G7 countries is experiencing significant growth and development across Fitness apps, Nutrition apps, and Meditation apps sub-markets.

Customer preferences: Consumers in G7 countries are increasingly prioritizing their health and wellness, leading to a growing demand for Health & Wellness Coaching apps. With busy lifestyles and an emphasis on self-care, individuals are turning to digital platforms to access personalized fitness routines, nutrition plans, and meditation guidance.

Trends in the market: In the United States, Fitness apps are seeing a surge in popularity as more people seek convenient ways to stay active and track their progress. The demand for high-intensity interval training (HIIT) programs and virtual personal training sessions is on the rise, catering to the fast-paced American lifestyle. In Japan, Nutrition apps are gaining traction as the population becomes more health-conscious and looks for ways to improve their diet. With a strong focus on traditional cuisine and mindful eating, Japanese consumers are turning to apps that offer meal planning, calorie tracking, and nutritional guidance tailored to their cultural preferences. In Germany, Meditation apps are witnessing a surge in downloads as stress management and mental well-being take center stage. With a growing awareness of the benefits of mindfulness practices, Germans are incorporating meditation into their daily routines to reduce anxiety and improve overall mental health.

Local special circumstances: In the United Kingdom, the Health & Wellness Coaching market is influenced by a strong fitness culture and a growing interest in holistic well-being. British consumers are drawn to apps that offer a combination of workout plans, nutritional advice, and mindfulness exercises to support their physical and mental health goals.

Underlying macroeconomic factors: The growth of the Health & Wellness Coaching market in G7 countries is also fueled by macroeconomic factors such as rising disposable incomes, technological advancements, and increasing healthcare costs. As individuals look for cost-effective ways to prioritize their health, the convenience and accessibility of digital coaching apps make them an attractive solution in the evolving landscape of wellness trends.

Data coverage:

The data encompasses B2C enterprises. Figures are based on revenues and user data of relevant mobile applications and consumer electronics companies.

Modeling approach / Market size:

Market sizes are determined through a combined top-down and bottom-up approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports of key players, industry reports, third-party reports, and survey results from primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, internet penetration, smartphone penetration, consumer spending, and healthcare spending. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting digital products and services due to the non-linear growth of technology adoption.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.