The global health coach market size was valued at USD 13.6 billion in 2020 and is predicted to hit over USD 27.8 billion by 2030, growing with the CAGR of 6.7% during the forecast period 2021 to 2030.
Key market Insights:
Increasing awareness of behavioral and mental well being is projected to have a huge effect on the health and wellness market. Companies in the health coaching market are hiring exert heath coaches for providing the excellent consulting services to corporate consumers which will have positive impact on the growth of the target market. Major corporations such as Microsoft, Procter & Gamble and Deloitte Touche Tohmatsu Limited, among others, have employed professionals to offer counseling services to their employees. According to a new survey, an estimated 109,000 health coaches and mentors have been guiding and inspiring people to alter unhealthy lifestyle patterns in order to enhance the general well-being of certain persons. As a result, these developments are projected to generate strong opportunities for health coaches, health coach industry over the forecast years.
Crucial factors accountable for market growth are:
COVID-19 Impact on Global Health Coach Market
The COVID-19 impacted commercials market areas across the globe, but health coach industry is an exception. Most of the leading countries are forced into lockdown in order to control the coronavirus outbreak, has backed towards the upsurge in behavioral diseases, due to the impulsive transformation in lifestyle with lockdowns situations. Most of the leading organizations started mental counselling for staff as well as students. India have announced counselling facilities including College of Engineering Pune (COEP), Symbiosis International University (SIU) among others. However, despite lockdown, the demand for health coaching has increased for a number of reasons including a growing awareness for behavioral & mental health worldwide.
Future of Global Health Coach Market
The outbreak of COVID-19 epidemic has backed towards the upsurge in mental along with behavioral diseases, owing to the unexpected change in life routine with lockdowns imposed by government bodies. Post COVID-19 epidemic, behaviors changes has been observed among the global population. Gyms, weight-loss center, studio, or med-spa in most of the developed as well as emerging economies were shut that has led to anxiety which is responsible for the stress has created need for online health coaching.
Online Mode of Learning Segment Reported Foremost Market Stake in 2020
Online segment is expected to hold the prime revenue share by mode of learning due to increasing penetration of internet along with increased usage of the smart phones across the globe. The offline mode of learning will register moderate revenue share in the target industry over the forecast period of time.
General Wellness Application Segment Reported Foremost Market Stake in 2020
General wellness application segment is projected to hold the prime revenue share due to increasing prevalence of the health-related issues owing to lack of the physical activities among the urban population across the world.
North America is Likely to be the Largest Market for Health Coach
The research report deals with the industry prospects of health coach products around regions including Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa. Health coach market is taken by North America owing to increasing numbers of patients suffering from the chronic diseases, changing lifestyle patterns, and increasing cases of the obesity in the U.S. of the North America. Addition to this, presence of leading players in the region along with strategies that are implemented by the major players in the countries of North America is expected to witness substantial growth in the target industry in the near future. Asia Pacific is likely to list the noteworthy CAGR, on account of growth in the demand for the health coach in emerging economies owing growing prevalence of the chronic diseases. Also, Most of the key players operating in the industry are investing heavily in order to get the competitive edge in the health coach market in Asia Pacific. Further, the Latin America as well as Middle East and Africa regions will likely to register moderate growth in the coming.
Top Players contending in the Market:
Major market companies are aiming towards the innovative advancements in order to enhance position in the target industry. Major companies are:
For improved status of health coach, and strategies accepted by Precedence Research projected the upcoming growth of the health coach market.
Major Market Segments Covered:
By Mode of Learning
By Coach Type
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