Health Coaching Market 2023 Trends : to Attain USD 34.81 Billion by 2031, Claims AMR
What is Health Coaching ?
Health coaching is a specialized form of lifestyle coaching that centers on guiding individuals to enhance their overall well-being and health through modifications in lifestyle and behavior. Grounded in scientific evidence, this approach employs proven strategies to aid people in bolstering their physical, mental, and emotional health.
Health coaches dedicate their efforts to assisting clients in attaining specific objectives, such as shedding weight, managing stress, quitting smoking, or adopting healthier dietary practices. Moreover, they offer insights into managing chronic illnesses and making beneficial lifestyle decisions. Through close collaboration, health coaches help individuals pinpoint their health and lifestyle aspirations, devise a concrete plan of action, and equip them with the necessary tools and encouragement to effect enduring, constructive changes.
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How Big is Health Coaching Market is ?
The Health Coaching Market Size was valued at $16,914.65 million in 2021 and is estimated to reach $34,812.48 million by 2031, exhibiting a CAGR of 7.4% from 2022 to 2031.
- CAGR: 7.4%
- Current Market Size: USD 16,91 Billion
- Fastest Growing Region: APAC
- Largest Market: North America
- Projection Time: 2022-2031
- Base Year: 2022
What Driving Health Coaching Market ?
The Health Coaching Market is witnessing a surge in the prevalence of behavioral health disorders, including alcohol use disorders, substance abuse disorders, eating disorders, ADHD, and others. According to the American Hospital Association (AHA) data from 2020, around 52 million adults in the U.S. were diagnosed with behavioral or emotional disorders.
Furthermore, the recognition of the advantages linked with online coaching in emerging economies such as India and China is propelling market expansion. However, the high cost of health coaching services is impeding market growth. On the upside, the increasing number of research and development investments by medical device companies is projected to create promising opportunities for the market.
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Impact of Covid19 on Health Coaching Market ?
The global healthcare sector faced significant disruptions due to the COVID-19 outbreak, resulting in temporary closures of various healthcare subdomains. Notably, the health coaching industry experienced a relatively positive impact during this period compared to other health and wellness sectors that were adversely affected.
Initially, the pandemic-induced restrictions and fear of infection led to a decline in health coaching center visits, impacting the delivery of services. According to the World Health Organization (WHO) data from October 2020, critical mental health coaching services were disrupted in 93% of countries worldwide due to the COVID-19 pandemic.
However, as the pandemic progressed, there was a noticeable surge in the demand for health coaching services, largely attributed to the widespread social and economic effects on global mental health. For instance, as per the American Hospital Association (AHA) data, an estimated 52 million adults, constituting a significant portion of the U.S. adult population, reported experiencing mental, behavioral, or emotional disorders in 2019.
Regional Analysis-
The health coaching market, segmented by region, encompasses North America (including the U.S., Canada, and Mexico), Europe (encompassing Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (including Japan, China, Australia, India, South Korea, and the rest of Asia-Pacific), and LAMEA (encompassing Brazil, South Africa, Saudi Arabia, and the rest of LAMEA). In 2021, North America held the reins in the health coaching market and is expected to maintain its lead throughout the projected period. This can be attributed to significant investments in research and development by market players and a growing awareness of mental and behavioral health disorders in the region.
On the other hand, Asia-Pacific is projected to experience the highest compound annual growth rate (CAGR) during the analysis period. This is primarily due to a surge in the number of patients grappling with chronic ailments such as diabetes and obesity, thereby fostering a heightened demand for health coaching services. Moreover, the region is witnessing an upsurge in key strategies and trends adopted by market players, including collaborations and acquisitions.
Do Purchase Enquiry- https://www.alliedmarketresearch.com/purchase-enquiry/13773 Health Coaching Market Segmentation-| By Duration |
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Key Health Coaching Market Players
- Health Coach Institute
- Institute for Integrative Nutrition
- UK Health Coaches Association
- Weljii
- BrainMD Health
- WellSteps, LLC
- Advanced Wellness Systems, LLC
- Dr. Sears Wellness Institute
- Concentra Inc
- The American Council on Exercise
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