The Health Coaching Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Health Coaching Global Market Report 2024, The health coaching market size has grown strongly in recent years. It will grow from $18.69 billion in 2023 to $20.36 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased health consciousness, preventive healthcare trends, chronic disease management needs, corporate wellness programs, individualized and holistic approach..
The health coaching market size is expected to see strong growth in the next few years. It will grow to $28.57 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to evolving healthcare landscape, mental health and well-being awareness, remote and virtual health services, integration with healthcare systems, government initiatives for preventive healthcare.. Major trends in the forecast period include government initiatives for population health, expansion of aging population and chronic diseases, cultivation of health coaching as a profession, adoption in educational and institutional settings, integration with health insurance programs..
The rise in the prevalence of behavioral health disorders is expected to propel the growth of the health coaching market. Behavioral health disorders, also known as mental health disorders, refer to a wide range of conditions that affect a person’s thoughts, emotions, and behaviors, leading to significant distress and impairment in daily functioning. Health coaching has been highly beneficial for individuals with behavioral health disorders in several ways, including providing customized support, behavioral change approaches, accountability and incentives, cooperation with healthcare providers, and a holistic approach. For instance, in August 2022, according to the reports shared by the National Alliance on Mental Illness., a US-based nonprofit organization, 57.8 million adults in the United States (22.8 % of the population) had a mental disease in 2021. Moreover, according to the Mental State of the World Report 2021, nearly 40% of Middle Eastern youth between the ages of 18 and 24 experienced mental health issues in 2021. Therefore, the rise in the prevalence of behavioral health disorders is driving the health coaching market.
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The health coaching market covered in this report is segmented –
1) By Type: Holistic Health Coach, Wellness Health Coach, Primal And Paleo Health Coach
2) By Mode: Online, Offline
3) By Duration: Less Than 6 Months, 6 Months To 12 Months
4) By Application: General Wellness, Weight Loss, Technology Detoxification, Smoking Cessation, Behavioral Health, Anxiety And Depression Relief, Stress Management, Sleep Support, Chronic Conditions
Top Major Players
Health Coach Institute
Advanced Wellness Systems LLC
Concentra Inc.
American Council On Exercise
UK Health Coaches Association
Technological advancements are a key trend gaining popularity in the health coaching market. Major companies operating in the health coaching market are adopting new technologies to sustain their position in the market. For instance, in May 2023, Second Nature Healthy Habits Ltd., a UK-based wellness and fitness services provider, launched a new AI health coaching tool called CoachGPT. This innovative technology is a conversational AI that can help users set goals, track progress, and stay motivated on their health journey. CoachGPT is powered by OpenAI’s GPT-3 language model, which is one of the most advanced AI models in the world. GPT-3 is trained on a massive dataset of text and code, which allows it to generate text, translate languages, write different kinds of creative content, and answer user questions in an informative way. Additionally, this powerful AI can provide personalized guidance, motivation, and support to users. It can answer questions about health and nutrition, provide feedback on progress, and offer suggestions for how to stay on track.
The health coaching market report table of contents includes:
1. Executive Summary
2. Health Coaching Market Characteristics
3. Health Coaching Market Trends And Strategies
4. Health Coaching Market – Macro Economic Scenario
5. Global Health Coaching Market Size and Growth
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31. Global Health Coaching Market Competitive Benchmarking
32. Global Health Coaching Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Health Coaching Market
34. Health Coaching Market Future Outlook and Potential Analysis
35. Appendix
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