Qatar health and wellness industry set for 28.2% growth
The health and wellness market in Qatar is expected to expand at a compound annual growth rate (CAGR) of 28.2% between 2012 and 2017, according to a recent report.
The Qatar Health and Wellness Industry Outlook to 2017 report, issued by global information provider Ken Research, pinpoints a young and affluent urban population of early adopters, an increased health consciousness and higher number of women in the workplace as some of the main drivers behind the growth.
The Qatari health and wellness market grew at a CAGR of 33.4% between 2006 and 2012, led by the cosmetics and fragrance market, which rose at an annual rate of 33.2% in the same period. The annual turnover of cosmetics and fragrances is expected to rise to £2.1billion (US$3.2bn) by 2017.
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