10 likes | 21 Views
The global health and wellness market size will grow by USD 810.69 billion during 2019-2023. This market report provides a detailed analysis of the market by product (health and wellness food, wellness tourism, beauty and personal care products, preventive and personalized health, and fitness equipment)
E N D
The global health and wellness market is expected to grow at a CAGR of 5.98% during the forecast period. The market growth is affected by challenges, which include frequent product recalls, lack of cost transparency and value-based payments, and high degree of disorganization, price instability, and lack of skilled manpower. For More Information: Request Free Sample Pages Health and wellness companies across the world are continuously striving to improve the quality of their products and lower the cost of operations. Furthermore, cost control is the major challenge that vendors must tackle if they want to build upon their consumer base in the health and wellness industry. Building data infrastructure to maximize value-based care reimbursement pathways and outcome-based financial models can be a vital step in achieving the lower cost of operations. Addressing pharmacy costs and bringing about a reformation in healthcare in compliance with the frequently changing, the highly complex set of regional, global, and industry-specific directives and laws are some of the other challenges faced by the vendors operating in the global health and wellness market. Despite the challenges the market is expected to grow in an accelerating momentum. Browse Full Report - http://bit.ly/2PfO3HJ