Startup Ideas: Direct-to-Consumer (D2C) Wellness Apps
Note: This Venturescale Trends report is part of the Startup Ideas & Trends Library, which covers topics such as 🤖AI SaaS, ✍️Creator Economy, 🔵Web3 Startups, and the 🚀Unbundling of the Internet.
Direct-to-consumer (D2C) wellness
Direct-to-consumer (D2C) wellness space is exploding. Companies are changing healthcare by building, marketing, and selling wellness products directly to end consumers, without intermediaries. Consumers can access diagnosis, self-testing kits, clinical consultation, prescription, and medication online.
Today, we’ll examine companies that provide D2C wellness offerings for the body, mind, emotion, and social aspects of well-being. And reveal exciting whitespace where new players can capitalize and monetize.
Key trends
(1) Personalization of health:
- Companies are catering to product needs at an individual level, rather than one-size-fits-all solutions.
- Found prescribes weight-loss medication based on the assessment of your biology such as genetics, microbes & metabolism.
- ZOE offers at-home test kits to analyze blood fat and blood sugar responses, and recommend diet plans.
(2) Rise of holistic wellness:
- New companies are using a “whole-body” solution to optimize health.
- Parsley Health offers holistic medicine healing.
- Noom leverages psychology treatment for long-lasting weight loss.
(3) Science-based treatment:
- Companies are leveraging science-based and research-backed wellness solutions to deliver long-term results.
- Rise fixes sleep issues by studying sleep debt and circadian rhythm.
- Care/of assesses your biology to find the right vitamin and protein powder that works.
more…
(đź”’ Full version) +4 key trends in the wellness space. These insights will help you capture specific customer needs:
🔑 (4/7) How should new startups respond to D2C marketing especially when you’re creating landing pages for idea testing & validation? (including 2 company examples)
🔑 (5/7) This new model can help wellness startups expand their revenue streams. (including 2 company examples)
🔑 (6/7) What type of value propositions most new D2C healthcare startups are focusing on? (including 2 company examples)
🔑 (7/7) Consumers are responding to wellness products differently today and how companies are spotting this trend as an opportunity to introduce new offerings in the market? (including 2 company examples)
🔥 Unlock the full-report & databases :::
Players by categories & niches
(1) Weight care:
- Noom (weight-loss program designed by psychologists)
- Found (prescription and coaching)
- Oviva (personalized support from an expert)
- Calibrate (digital metabolic health)
(2) Beauty care:
(3) Personalized nutrition:
(4) Sleep care:
more…
(đź”’ Full version) Discover profitable niches in the wellness space and how to differentiate your offerings:
- 🔑 Total 79 company examples across different segments
- 🔑 Total 10 business categories in the D2C personal health space
- 🔑 Specific sub-categories within each segment, i.e. the one you see at (1) Weight care
What problems do they solve?
A business only becomes profitable when they solve real problems (need) faced by a large group of people (demand). This section unlocks the valid problems in the wellness space, and how you can use them as market validation to build something people want:
(1) Address targeted needs at an individual level.
- It’s hard to figure out the right supplements and doses without the right lab work.
- Most personalized nutrition solutions like Gini, ZOE, Gutxy solve this problem.
- They provide online assessment, self-testing kits, micronutrient testing, and personalized recommendations on vitamin products or dietary programs.
(🔒 Full version) +3 more problems existing players are solving. Understanding these problem statements will help you build something people want. You’ll also learn:
🔑 (2/4) 90% of diets fail and how companies are solving this problem?
🔑 (3/4) How to monetize by solving psychological fears among consumers?
🔑 (4/4) How to monetize a wellness business by reducing frictions?
Business models
The majority of D2C health companies are layering different business models to create multiple revenue streams:
(1) B2C eCommerce:
- Many players in this space have established an online store, sold physical products, and delivered prescription, skincare, mattress, or multivitamin-in-a-box to customers’ doorstep.
(2) Subscription:
- Deliver monthly subscription boxes or a bundle of products plus services to customers.
- Noom costs $66.35/month or $199/year which includes comprehensive wellness plans.
(đź”’ Full version):
- 🔑 +8 more pricing examples on how companies monetize wellness products for consumers
- 🔑 How to create additional revenue streams as a wellness startup?
- 🔑 What kinds of businesses charge $1,600+ for an online virtual program?
Why now?
This section explores: where is the market demand, where the future of health is heading, and answers the “why now” questions (most important slide in your pitch deck!) for your investors:
(1) Prominent signal boosts will raise investors’ interest in the D2C health space.
- In 2019, Amazon acquired PillPack for $753 million and entered the online pharmacy space.
- Roman raised $500 million at $5 billion valuations in 2021.
(2) Consumers’ behaviors are changing.
- They want healthcare solutions that deliver on-demand experiences, provide self-diagnose tools; are transparent, authentic, accessible (price and convenience factor).
- Therefore, D2C healthcare is well-positioned for this shifting user’s needs.
(🔒 Full version) +4 more market evidence to prove the demand for D2C wellness businesses. You’ll unlock:
🔑 (3/6) Key driver that will give rise to D2C wellness startups
🔑 (4/6) How to capture the growing millennial wellness market in 2021 and beyond?
🔑 (5/6) What do consumers prefer and expect in the future of health tech?
🔑 (6/6) What features will become more common in D2C wellness solutions?
Business opportunities
(🔒 Full version) 3 specific product ideas and business opportunities that are solving problems. You’ll unlock:
🔑 (1/3) Creator economy meets Healthcare tech
🔑 (2/3) D2C healthcare niche opportunity
🔑 (3/3) B2B solution in the healthcare industry
🔥 Unlock the full-report & databases :::
More Startup Ideas & Market Trends:
Preview 37+ Free Reports at venturescale.to
