Health and Wellness Industry – Hot Hot Hot

A considerable number of people are thinking about getting involved in a home based business. With the declining economy, and so many people out of work, it’s easy to see why a large number of people are looking into starting a home based business

As you consider the type of home business you’d like to be involved in, look at what industries are expanding, and will keep on doing so.

We are going to look at an industry that has experienced huge growth – and this growth is expected to continue for years.. People who have entered into this industry are discovering how profitable it truly is and are in a position to benefit from it financially in the years to come..

The Health and Wellness Industry is about preventing illness and disease..

This is not the same as the Health industry which are the doctors, hospitals, pharmaceutical companies and others in the medical fields.. The health industry’s primary concern is treating symptoms of disease, and not so much on the prevention of illness or assisting people in living a healthy lifestyle..

The Health and Wellness Industry is expected to be a $1 trillion dollar industry by 2010. This industry includes nutritional supplements, juices, health/fitness clubs, chiropractic, naturopathy, homeopathy, and holistic health care.

What is it about the Health and Wellness Industry that has caused it to experience such tremendous growth??

There are some very good reasons why the Health and Wellness Industry is experiencing this revolution..

1. The way the economy is these days has left many people unable to spend much money on doctors visits, insurance or medications.. People are more than ever understanding the value of the prevention of sickness and disease.. They have begun to appreciate maintaining health, and are looking to do this in more natural ways..

2. Pharmaceutical Problems- There is more and more mistrust in the population regarding the pharmaceutical industry.. Medications often have seriously negative side effects, at time even deadly.. With increasing lawsuits and drug recalls, many people are more than uncomfortable just taking a pill hoping to get better.. Most prescriptions are solely for treating symptoms and not for preventing or curing illness.. This is creating lifetime customers. Prescription drugs are being made with the intention that they will be taken for life – and people are learning how damaging this is to their health..

3. People are living longer. And they want to be healthy doing it. Life spans keeps getting longer , and people are willing to invest in their health more now than ever before. They are seeking ways to feeling good, staying well, and having health and vitality – and are turning to the Health and Wellness Industry for the answers.

The Health and Wellness Trends Database (HWTD) states:

“Consumers continue to seek multiple ways to enhance their health to prevent disease, and to promote healthy aging. All of these drivers will continue to present opportunities for health and wellness marketers. Categories such as supplements, sports nutrition, and weight management will continue to experience growth through specificity as consumers are seeking products that answer their individual nutritional needs”.

4. Baby Boomers. These are people born between the years of 1946 and 1962 – according to the United States Census Bureau. Boomers represent 28% of our population, and 50% of our economy. As this generation ages, the rate of growth of the elderly (65 years) will explode between the years of 2010 and 2030.

These Baby Boomers have immense buying power.. They represent the wealthiest generation in history.. What are the concerns of the Boomers? A main issue is maintaining health, looking younger and feeling good.. They are seeking answers from the Health and Wellness Industry to aid in slowing the aging process, and also in reversing it.. It is fast becoming true that 60 is the new 40.

Baby Boomers want to experience health, energy and vitality in their lives.. They want to stay healthy to continue pursuing dreams, goals, and living a fulfilling life. They are more than willing to spend money toward their health..

Paul Zane Pilzer states in his book The Wellness Revolution:

“The revolutionary leaders in wellness are the entrepreneurs who grow and procreate wellness, the inventors who instigate wellness services and products. And the practitioners and distributors who carry the wellness message throughout society. Take your pick of how you want to be a leader of this new industry.”

We have a great opportunity now to transform people’s health- improve their vitality, and longevity. In addition, you may even be able to help others with their financial situation, depending on the business model you pursue.. The combination of helping others with their health and also their financial situations can provide the home business owner with a truly rewarding, personally fulfilling, and potentially lucrative career..

Patricia Bouchez wrote this article on the Health and Wellness Industry to help people discover what industries would be a good choice for their home business.

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