On-demand Wellness Software Market Size, Share | Report 2022-2030
The global on-demand wellness software market was surpassed at USD 392.3 million in 2021 and is expected to hit around USD 808.98 million by 2030, growing at a CAGR of 8.37% from 2022 to 2030.
Report Highlights
The wellness sector is growing rapidly due to the increased demand for at-home wellness and beauty services and the influence of social media. The vendors are shifting to the digital platform and offering customized services to their customers to maintain a competitive edge in the market.
The on-demand applications became crucial during the COVID-19 pandemic and this sector witnessed a considerable change during this time. The adoption of digital technology allowed wellness companies to provide online consultations to their customers. Many wellness businesses offered free or discounted access to their services in response to the crisis. The pandemic has increased the awareness and understanding of personal wellness and raised the importance of self-care and mental health.
The key companies in the market are attempting to enhance their service offerings by upgrading their services, utilizing significant cooperative efforts, and availing government permissions in order to expand their client base and capture a larger share in the market. In July 2018, Glamsquad announced the acquisition of Veluxe, the DC-based personalized wellness and beauty service founded in 2015. This acquisition has increased the company's outreach in Washington D.C. In March 2022, Urban Company announced an industry-first Partner Shareholding Plan (PSOP) for its service provider. The company’s service partners are expected to receive stocks worth USD 18.7 million (INR 150 crore) under this strategy over the next few years.
Scope of The Report
| Report Coverage | Details |
| Market Size in 2021 | USD 392.3 million |
| Revenue Forecast by 2030 | USD 808.98 million |
| Growth rate from 2022 to 2030 | CAGR of 8.37% |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segmentation | Type, application, region |
| Companies Covered |
Booksy; Soothe Inc.; Urbanclap Technologies India Pvt. Ltd.; STYLEBEE (ASCN, Inc.); Priv; Glamsquad; Zeel Networks, Inc.; Urban Massage Ltd. |
Type Insights
The web-based segment accounted for the largest revenue share of over 50.06% in 2021. Web-based software is a set of applications that use centralized data, are often run on secure servers outside of local networks or specific locations, and are easily accessible through the Internet. Web-based software is commonly preferred among large-enterprise systems owing to the reduced deployment burden on individual customers.
The cloud-based segment is expected to register a CAGR of 9.92% during the forecast period. Cloud-based apps include advanced features, such as access to a broader range of programs, including application storage, development tools, and on-demand computing cycles. Cloud applications can operate fully or partially offline, which benefits platforms with slow internet connections.
Application Insights
The small and medium enterprises segment dominated the market with a revenue share of over 60.11% in 2021 and is also expected to grow at the fastest rate during the forecast period. On-demand software platforms allow SMEs to take critical business decisions quickly, operate more effectively, and maintain a competitive edge. In addition, small businesses have better access to financing, can borrow funds from the financial market rather than relying primarily on bank loans, and are critical to the economic system.
Small and medium-sized enterprises provide a substantial contribution to healthy economic growth and the development of the market globally. SMEs offer more flexibility than larger enterprises and have the capacity to differentiate and customize their products and respond rapidly to changing market conditions. However, SMEs are often disproportionately affected by trade obstacles as they are usually owned privately by a single person or a small group of people and have fewer employees.
Regional Insights
North America dominated the market and accounted for a revenue share of over 45.05% in 2021 owing to technological advancements and increasing demand for online wellness services. Significant health concerns such as stress, a sedentary lifestyle, insufficient time for social and community activities, and other poor lifestyle choices are some of the critical risk factors responsible for rising chronic illnesses. These challenges are propelling the demand for on-demand wellness services.
The Asia Pacific is expected is likely to register the fastest CAGR of 10.32% from 2022 to 2030. In this region, Japan, China, and India are major contributors in terms of technological developments. The Asia Pacific has the maximum number of spas and wellness centers as wellness tourism is growing at a significant rate. Rapidly evolving economies, growing awareness about wellness, growth in wellness tourism, and increased adoption of digital booking platforms are the key factors boosting the market growth in this region.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on On-demand Wellness Software Market
5.1. COVID-19 Landscape: On-demand Wellness Software Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global On-demand Wellness Software Market, By Type
8.1. On-demand Wellness Software Market, by Type, 2022-2030
8.1.1. Cloud-based
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Web-based
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global On-demand Wellness Software Market, By Application
9.1. On-demand Wellness Software Market, by Application, 2022-2030
9.1.1. Large Enterprises
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Small & Medium Enterprises
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global On-demand Wellness Software Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 11. Company Profiles
11.1. Booksy
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Soothe, Inc.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Urbanclap Technologies India Pvt. Ltd.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. STYLEBEE (ASCN, Inc.)
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Priv
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Glamsquad
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Zeel Networks, Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Urban Massage Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers