Navigation Links
Health Stores in the US Industry Market Research Report from IBISWorld Has Been Updated
Date:9/16/2013

Los Angeles, California (PRWEB) September 16, 2013

Despite struggles across the entire retail sector, the high-growth Health Stores industry has performed well over the five years to 2013. Revenue is expected to rise at an average annual rate of 3.3% to $17.5 billion during the period, including an estimated 3.6% increase in 2013 alone. The aging population, accelerating trends toward healthy living, improving per capita disposable income and escalating healthcare costs are contributing to the industry's growth. In particular, changing attitudes toward personal healthcare are driving demand for natural and anti-aging products.

While sales slowed during the recession, a decrease in private health insurance coverage due to rising unemployment benefited the industry. Reduced coverage caused out-of-pocket healthcare costs to increase, which encouraged consumers to seek out preventive care from health stores. At the same time, however, these factors also bolstered demand for health products sold by mass merchandisers like Walmart and Target and online retailers like Amazon. These alternative retailers often benefit from lower operating costs and can therefore offer lower prices to customers. To compete, industry operators have been developing their economies of scale to better negotiate with suppliers and reduce costs. Accordingly, the number of operators is expected to slowly increase at an average rate of 1.1% annually to reach 63,984 over the five years to 2013.

Moderate growth is forecast to continue through 2018, with the number of companies projected to rise during the five-year period. Despite cost-reduction efforts, IBISWorld estimates that profit margins will fall over the next five years as competition from new market entrants, mass merchandisers and online retailers intensifies and drives down prices. Nonetheless, the industry continues to benefit from several trends that will continue to drive industry growth going forward. Favorable attitudes toward healthy living and the aging population, for example, are anticipated to continue aiding demand for health stores. Meanwhile, healthcare reform, a frequent topic in the healthcare sector, will encourage the use of preventive care and alternative medicine, driving demand for dietary supplements.

Despite recent acquisitions and mergers, the Health Stores industry has a low level of market share concentration. The major companies in this industry include General Nutrition Centers (GNC) and Vitamin Shoppe Inc. The industry is highly fragmented because of the specialty nature of health stores. Specialty health retailers typically cater to a more sophisticated customer by focusing on selection and customer service, while the mass merchants generally offer a limited assortment composed of more mainstream products with less customer care. The more customized nature of the industry makes it difficult to achieve a large national presence, in that products must be monitored closely and staff must be trained and educated. Many health stores also specialize in a small range of products, such as sports nutrition or convalescent aids.

For more information, visit IBISWorld’s Health Stores in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld.

Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189.

This industry includes retailers that primarily sell health and personal care products. Examples include nutritional supplement stores, convalescent and prosthetic supply stores and specialized medical supply stores. The industry excludes pharmacies and optical goods stores, as well as perfume, cosmetics and beauty supply stores.

IBISWorld industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/9/prweb11123401.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Zane Benefits Publishes New Information on Health Insurance Exchange Rates in 2014
2. UH hosting community conversation on urban health care Oct. 4
3. Hospital study finds connection between dementia, delirium and declining health
4. Food technologies deliver global public health solutions
5. Increased Pollution Threaten Air’s Water Vapor Content Reports Water and Health Researcher
6. BCC Research Publishes a New Report on Global Markets for Long-Term and Home Health Care
7. Novus Medical Detox Institutes Electronic Health Records Software
8. Novant Health Announces Online Innovation Challenge
9. American Sentinel University’s Informatics Professor Named Reviewer for the International Journal of Health Promotion and Education
10. SafeGuard Background Screening Announces Comprehensive Background Check Program for Health & Medical Providers
11. Creative Brands Embrace Healthy Snacking Options for Employees
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... ... February 08, 2016 , ... ... lower incidence rate of type 2 diabetes in the GrassrootsHealth cohort with substantially ... to make a change in public health,” states Carole Baggerly, Director of GrassrootsHealth, ...
(Date:2/8/2016)... (PRWEB) , ... February 08, 2016 , ... TopConsumerReviews.com recently ... in Mole removal products. , Moles are derived from a cluster of melanin when ... all the wrong places and create a lifetime of embarrassment. Historically, mole removal ...
(Date:2/8/2016)... ... 08, 2016 , ... Guruji Mahendra Kumar Trivedi is offering 3 days of ... of his birthday on February 10th. During this time, people can achieve better ... over 250,000 people from over 40 different countries as an “ordinary man with an ...
(Date:2/8/2016)... ... February 08, 2016 , ... According to research by the ... dental technicians to be certified or obtain continuing education. To increase patient awareness ... In Your Mouth?” campaign to inform dentists and patients about the possible lack ...
(Date:2/7/2016)... ... February 07, 2016 , ... Women's Excellence staff, in all four locations, ... National Wear Red Day is the first Friday each February and a day to ... 1 in 3 deaths among women each year – more than all cancers combined. ...
Breaking Medicine News(10 mins):
(Date:2/9/2016)... , Feb. 9, 2016 The life of ... Medical Center, has been anything but ordinary.  Twists of fate, ... World War II and the constraints of communist Czechoslovakia to ... there, he would go on to make history by playing ... three best-selling drugs in the world, Remicade.  Dr. Vilcek brings ...
(Date:2/9/2016)... Feb. 9, 2016  Bluestar Silicones will promote its ... for long-term implant applications and announce certification of ... Manufacturing (MD&M) West Conference (Booth #1759), February 9-10, ... --> --> Available in 01 ... offer outstanding physical properties enabling our customers to ...
(Date:2/8/2016)... Cardiovascular Surgery Devices - Medical Devices ... Devices sector report, "Cardiovascular Surgery Devices - Medical ... Cardiovascular Surgery Devices currently in pipeline stage. ... report provides comprehensive information on the pipeline products ... stages of development. The report reviews major players ...
Breaking Medicine Technology: