Focusing in on women & personal wellness
Trends and changes in the health and personal wellness markets – from wearable fitness technology to employer-offered services – suggest that across the board, personal wellness is increasingly front of mind. And while signs point to a renewed focus on women-specific issues, unmet needs remain.
63% of women struggle to prioritize their health. Top barriers include:
· Caring for others before themselves
· Mental or emotional health
· Feeling overwhelmed
· Work
Younger generations are more likely to struggle to prioritize their health.
· Gen Z: 74%
· Millennials: 70%
· Gen X: 68%
· Baby boomers: 52%
· Silent Generation: 39%
Renewed growth in the health and personal wellness markets and a focus on women-specific health issues has made women’s health more accessible than ever in recent years.
· U.S. wellness market value: $480 billion
· 82% of U.S. consumers consider wellness a top or important priority
· Estimated size of the U.S. women’s health market in 2024: $18.82 billion
· 5% - 10% annual growth per year
· 58% are considering wellness more now vs. a year ago
· Projected CAGR 2025 to 2030: 3.7%
Developments in technology and software have boosted new trends in personal wellness, including…
· Wearable fitness devices
· Personalized products and services supplemented by AI
· Software-based health and wellness services
…along with an increase in employers’ support of women’s health.
· 75% of employers plan to increase access to women’s healthcare services
· 69% of employers say that mental health is a high priority