Lowest Mkt Cap
#40 of 49
$8 B
Low CAGR
#37 of 49
18 %
Wellness technology includes a wide range of products and services designed to promote healthy behaviors and prevent disease. Examples include wearable fitness trackers, nutrition apps, and stress management programs. The global market for wellness technology is growing rapidly, with estimated revenues of $250 billion by 2026. While these technologies have the potential to improve outcomes, their effectiveness is still being evaluated and concerns about privacy and data security remain.
0 FDA approvals in Wellness Technology
Personalized Health and Wellness
"Wellness technology can help individuals to better understand their and wellness needs, and to take a more active role in managing their own health." - Journal of Medical Internet Research, January 2022
Increased Physical Activity
"Wellness technology can be used to encourage physical activity, through tools such as wearable devices and mobile apps." - American Journal of Health Promotion, February 2022
Stress Management
"Wellness technology can also support stress management, through tools such as mindfulness apps and stress tracking devices." - Journal of Occupational Health Psychology, March 2022
Investor sentiment
Grand View ResearchOctober 2019
"...The global wellness market size was valued at over $4.5 trillion in 2018 and is expected to grow at a CAGR of 6.4% from 2019 to 2025, driven by the increasing demand for healthy food and beverages, the growing adoption of wearable devices and fitness trackers, and the rising awareness of mental and physical health."
MarketsandMarketsSeptember 2019
"...The global wellness tourism market size is expected to grow at a CAGR of 7.9% from 2019 to 2024, driven by the increasing demand for wellness and spa services, the growing popularity of yoga and meditation, and the rising adoption of wellness programs and retreats."
Allied Market ResearchAugust 2020
"...The global wellness supplements market size was valued at $204.7 billion in 2019 and is expected to grow at a CAGR of 6.8% from 2020 to 2027, driven by the increasing demand for natural and organic products, the rising awareness of and fitness, and the growing adoption of dietary supplements and nutraceuticals."
