2.6Industry

Health & Wellness

Studios, clinics, and programs providing fitness, nutrition, wellness, spa, and complementary health services to individual consumers.

7
Segments
29
Verticals

Overview

Health & Wellness covers the consumer-facing businesses built around fitness, nutrition, recovery, and wellbeing — nutrition and weight management, supplements, personal training, spa and massage, yoga and Pilates studios, recovery and performance studios, and alternative and holistic health. It is a large, fast-growing consumer theme often called the wellness economy.

The category is highly fragmented and franchise- and membership-driven, with private equity active across boutique fitness, med-spa, and recovery concepts. In federal data it is scattered across fitness, personal-care, and health classifications, so only parts of it — nutrition/weight and supplement retail — are captured under this heading.

Market snapshot

Market size
~$24B
Companies
~11,100
FragmentationFragmented

U.S. Census Bureau 2022 CBP/Economic Census captures only nutrition/weight (812191) and supplement retail (446191/456191) here; fitness, spa, and holistic wellness sit in fitness (713940), personal-care, and health classifications.

Business model & economics

Revenue model
Memberships, sessions, retail product, and program fees
Recurring revenue
Moderate–High — membership and subscription models
EBITDA margin
10–25%
Capex intensity
Moderate
  • Franchise- and membership-driven, recurring-revenue models.
  • A structurally growing consumer wellness theme.
  • Scattered across federal classifications, so only partly sized here.

M&A deal context

High deal activity

Who’s acquiring

Boutique-wellness franchise platformsPE-backed wellness consolidatorsMulti-concept operators

What’s driving deals

  • Private-equity roll-ups across fitness, med-spa, and recovery.
  • Membership and franchise economics.
  • Structural consumer demand for wellness.

Segment classifications

Find Health & Wellness acquisition targets

Search Acquisera’s index for companies classified under Health & Wellness (2.6) and build a targeted deal pipeline.

Search companies