Wellness Now a $4.2 Trillion Global Industry – with 12.8% Growth from 2015

Economic context:

* From 2015-2017, the wellness economy grew 6.4% annually, nearly twice as fast as global economic growth (3.6%).*
* Wellness expenditures ($4.2 trillion) are now more than half as large as total global health expenditures ($7.3 trillion).**
* The wellness industry now represents 5.3% of global economic output.

    The report was released today at the 12th annual Global Wellness Summit being held at Technogym Village in Cesena, Italy, which has attracted 630+ industry leaders from 50 nations.

    The 2018 edition features more global, regional and national data and analysis than ever before – from the fact that Europe is the fastest growing spender on workplace wellness to the finding that China and India are the fastest growing wellness tourism markets. Access the THE FULL REPORT HERE

    Among the ten wellness markets analyzed,*** revenue growth leaders from 2015-2017 (per annum) were: 1) the spa industry (9.8%), 2) wellness tourism (6.5%) and 3) wellness real estate (6.4%). For the complementary medicine market, the definition changed since 2015 (adding traditional medicine sectors like Ayurveda, Traditional Chinese Medicine), so a formal percentage growth rate can’t be provided.

    Read the full article at Global Wellness Institute

    Article source: https://www.hospitalitynet.org/news/4090418.html

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