What you need to know about the middle east and global market
The health needs of people are constantly changing, and this has led to the rise in the demand of the Health and Wellness market at the global level. In present times, the global health and wellness industry is worth USD 4.2 trillion .However, The global health and fitness club market is projected to grow at the rate of 10.6% during the forecast period 2018 to 2023 . Based on the consistent expansion of the market, demands are always increasing on the health and fitness associates , partners and facilities. Today, people are willing to spend more amount of money on improving their health and well-being. Some of the key sectors that exist in the prosperous Health and Wellness industry include healthy eating and nutrition, personal care and beauty, fitness and mind-body, workplace wellness, and many more. All these sectors have contributed to the overall growth and expansion of the entire industry. Based on findings gathered by The FACTS Academy2020 , approximately 9 million members utilize 13,478 health clubs in 10 markets in the Middle East and North Africa. These 10 markets collectively generate roughly $2.1 billion in industry revenue. Saudi Arabia leads all markets in this region in revenue with approximately $1.2 billion generated at 1,574 health clubs, which attract more than 1.5 million members. In terms of club count, Egypt leads all MENA markets with 7100 facilities. Despite conflicts in several MENA countries, there is a demand for fitness as consumers seek to exercise and reap the benefits of an active lifestyle. Successful international fitness operators, including Fitness First, Gold’s Gym, and World’s Gym, have expanded into the Middle East. Fitness Time, based in Saudi Arabia, has more than 160 facilities in the Middle East, highlighting the opportunity in this region. The outlook of the health club industry is bright and promising. As leading economies continue to improve, the industry is expected to thrive in the global marketplace, serving consumers with a variety of health and fitness needs. Offering access to fitness amenities, instructors, trainers, and coaches, club operators are well-positioned to lead a healthier world.