Brick-and-mortar stores are facing increasing challenges, with more and more stores having to transform or close their doors. However, in this predicament, three industries have risen against the trend and become the mainstream. The three industries are fitness, pharmacies, and electronics repair. The health and wellness market size of more than one trillion yuan, the huge elderly population with chronic diseases, and the maintenance demand brought about by the popularization of home appliances have prompted these industries to flourish. The transformation of brick-and-mortar stores and changes in the industry have revealed the opportunities and challenges in the market, and reminded practitioners to adapt their businesses at any time. Next, let's dive into the development and reasons behind these industries.
In recent years, with the improvement of people's living standards, meat has become a common food on people's daily tables, but it also brings health problems. The rise in prevalence has led to the awareness of the importance of physical health, and the focus on health has gradually increased. According to the data of the Zhiyan Consulting Report, the scale of China's health and wellness market has exceeded one trillion yuan, and the average annual expenditure of urban permanent residents is more than 1,000 yuan for health preservation. It is worth mentioning that the young age group occupies a major share of the market. Under the sufficient market demand, health massage, foot bath, fitness and other stores have emerged, and the scale of the industry continues to expand.
It is worth noting that the fitness and wellness industry is also constantly updating and innovating. For example, some gyms have introduced smart equipment and fitness classes to provide personalized training programsWellness massage parlors have also begun to combine traditional treatments with modern technology to provide a more comfortable and efficient wellness experience. These innovations have injected new vitality into the development of the industry.
In recent years, pharmacies have become ubiquitous on city streets. Does this mean that there are a large number of patients in our country who need to buy medicines?The truth may come as a surprise. According to the statistics of the National Health Commission, there are about 1900 million older people suffer from chronic diseases, of which 75% of those aged 60 and over have at least one chronic disease and 43% have two or more diseases at the same time. Faced with such a large population of chronic diseases, many elderly patients are inconvenient to go to the hospital frequently to buy medicines, so they choose to buy drugs in nearby pharmacies.
According to the data, the number of pharmacies in China continues to grow, reaching 62330,000. The number of pharmacies is expected to increase to 65 by 202350,000 units, and the scale has been further expanded. This reflects the convenience of drug purchase and the importance of pharmacy services for elderly patients with chronic diseases. The increase in the distribution density and number of pharmacies has provided a more convenient and fast way for elderly patients to purchase medicines, and has also stimulated the development of the industry.
With the increase in the popularity of home appliances, a variety of electronic product repair shops have begun to emerge, and there are more and more stores that repair mobile phones, computers, and various household appliances. Problems and failures in home appliances have caused confusion to consumers, so repair shops have ushered in opportunities for development. In recent years, the home appliance repair service industry has faced a huge demand market.
The development of the home appliance maintenance industry is inseparable from the improvement of technology and the cultivation of professional talents. Some repair shops not only provide fast and accurate repair services, but also introduce some value-added services, such as on-site repairs, warranty extensions, etc., to improve customer satisfaction. In addition, repair shops are constantly expanding the scope of repairs according to consumer needs and providing more comprehensive repair services.
From the development of the above three industries, it can be seen that the predicament of physical stores is not irreversible, but the demand and industry structure have changed. With the change of people's living habits and the change of the market environment, industries such as fitness and health, pharmacies and electronic product maintenance have gradually risen and become mainstream. This phenomenon reminds practitioners to adjust their business strategies in a timely manner and seize market opportunities.
In the past few years, brick-and-mortar stores have faced many challenges, but the fitness, pharmacies, and electronics repair industries have bucked the trend and become mainstream. Health and wellness have become the focus of attention, and health massage, foot bath and fitness stores have sprung up in the streets and alleysThe rise of pharmacies has led to the rise of chronic diseases among the elderlyThe popularity of home appliances has brought about the rapid development of the electronic product maintenance industry. The rise of these industries illustrates the changing market opportunities and demand, as well as the importance of physical store adaptation and innovation.
It is crucial for practitioners to understand the market demand and seize the opportunities in emerging industries. At the same time, the development of the industry also needs the support of professional and technical personnel and high-quality services. Brick-and-mortar stores face difficulties, but they are not without a way out, as long as they find the right market positioning and meet the needs of consumers, they have a chance to stand out from the fierce competition. Therefore, the transformation and innovation of brick-and-mortar stores is an inevitable choice and the key to future development.