Part
01
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Part
01
Financial Projections - Total Addressable Market
The market size for corporate wellness services industry in the U.S. is $7 billion in 2019 and there are about 638 companies operating in the industry. The market sizes for global consumer online fitness industry, and global home rehabilitation products and services industry were $849.60 million and $88,484.0 million respectively in 2017.
FINANCIAL PROJECTIONS (TOTAL ADDRESSABLE MARKET)
Corporate Wellness Industry
- TAM: According to a report published by IBIS World, the market size for corporate wellness services industry in the U.S. is $7 billion in 2019.
- Number of companies: According to a report published by IBIS World, there are about 638 companies operating in the corporate wellness services industry in the U.S. in 2019.
Consumer Online Fitness Industry
- TAM: According to a report published by Absolute Market Insights, the market size for the global consumer online fitness industry was $849.60 million in 2017 and is expected to reach $2,582.04 million by 2022.
- Number of companies: N/A
- According to a report published by Absolute Market Insights, leading providers in the global consumer online fitness industry include GoodLife Fitness, Reh-Fit Centre, WELLBEATS, Wexer, LES MILLS INTERNATIONAL LTD, Fit n Fast Health Clubs & Gyms, Charter Fitness Inc., conofitness and Fitness First.
Home Rehabilitation Products and Services Industry
- TAM: According to a report published by Transparency Market Research, the market size for the global home rehabilitation products and services industry was $88,484.0 million in 2017 and is expected to reach $161,743.4 million by 2026.
- Number of companies: N/A
- According to a report published by According to a report published by Transparency Market Research, leading providers in the global home rehabilitation products and services industry include Stryker Corporation, Invacare Corporation, Prism Medical, DJO Global, Ekso Bionics Holdings, Inc., Hocoma AG, RehabCare, Active Medical & Rehabilitation Services Pvt. Ltd., AliMed, Inc., ergoline GmbH, Performance Health, and Medline Industries, Inc.
RESEARCH STRATEGY
Strategy # 1
We started the research by directly searching for any industry reports or market studies on the mentioned industries namely, corporate wellness industry, the consumer online fitness industry, and home rehabilitation products and services industry. We looked through market studies and industry reports finding the information on market size, the number of businesses in the US corporate wellness industry, and the market size for the online fitness industry. However, we could not find any information on the total number of businesses operating in the industry globally or in the U.S.
Strategy #2
Next, we looked through various business directories to find the number of registered business in the consumer online fitness industry, and home rehabilitation products and services industry. However, after searching through leading directories, we could not find any comprehensive lists or data on companies or businesses operating in these industries.
We followed this search by looking through employment databases for any relevant information on the number of employers in each of the industries namely consumer online fitness industry, and home rehabilitation products and services industry. However, none of these sources provided a comprehensive list of companies or businesses operating in these industries.
In addition, we also searched through databases such as Hoovers and Craft.co to find any information on the market share of leading companies or average revenues earned by companies operating in the consumer online fitness industry, and home rehabilitation products and services industry. However, both databases only provided general industry information and did not provide any useful information that could be used to calculate the number of companies operating in these industries.
Strategy #3
Finally, we started to search for any news articles, press releases, or market analyses for credible publications around the consumer online fitness industry or the home rehabilitation products and services industry. We looked for any articles that would include any commentary on the number of companies operating in these industries. However, most of the articles found only provided a list of top companies or similar information to what was found from market studies through the 1st strategy.
After exhausting the above-mentioned strategies, we conclude that limited information is available on the number of companies operating in the consumer online fitness industry, and home rehabilitation products and services industry.
WHAT INFORMATION WAS AVAILABLE
- Total addressable market (TAM) in terms of dollar value and the number of operating businesses/companies for the corporate wellness industry in the U.S.
- Total addressable market (TAM) in terms of dollar value for the global consumer online fitness industry, and global home rehabilitation products and services
WHAT INFORMATION WAS NOT AVAILABLE
- Number of operating businesses/companies in the consumer online fitness industry, and home rehabilitation products and services industry in the U.S. or globally
WHY INFORMATION CANNOT BE TRIANGULATED
- One of the probable reasons for the unavailability of such information could be that since there would be a very large number of companies operating locally in the U.S. and global markets, no such information has been compiled by any research firms
- It could also be possible that since the revenues earned by companies is dependent on the location and size of business operations, no average revenue could be calculated to triangulate the number of companies.