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Female consumers are a powerful demographic with a variety of specific healthcare needs.
May 1, 2014
By: Lisa Olivo
From moms to millennials to the menopausal—women make up a significant audience in the health and wellness segment, with unique needs representing different phases of their lives. As of 2013, Mintel reported that women made up slightly more than half (50.8%) of the U.S. population, but because the general population is aging, it’s anticipated the population of women aged 65-74 will grow by 21.1% from 2013-2018. Moreover, the World Health Organization (WHO) reported that life expectancy for women over the age of 50 is growing internationally. While environmental and behavioral factors affect life expectancy from country to country, the WHO found women on average live longer than men. The global population of older women is also projected to increase from 12% in 2011 to 19% in 2050. Despite a longer life expectancy, females face a variety of specific health concerns, ranging from cardiovascular disease to reproductive health to bone health, weight management and more. Perhaps because of this, women have been found to be more proactive about their health than men. Mintel reported that women tend to engage in more healthy habits than men, such as exercise, healthy eating and cessation of smoking. In addition, a poll from the market research firm showed women on average were more likely than men to use vitamins, minerals and supplements, with use among woman increasing with age (see Figure 1).
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