Wellness – how big is the industry?

Wellness – how big is the industry?

Wellness is the active pursuit of activities, choices, and lifestyles that lead to a state of holistic health. Globally, wellness sectors now represent a $3.7 trillion economy.

The Global Wellness Institute (GWI) measured the size of the global wellness economy for the first time in the 2014 Global Spa & Wellness Economy Monitor. We define wellness as the active pursuit of activities, choices, and lifestyles that lead to a state of holistic health. For the purpose of estimating its size, we define the wellness economy as encompassing industries that enable consumers to incorporate wellness activities and lifestyles into their daily lives.

The global wellness economy, which encompasses 10 diverse sectors, was worth an estimated $3.7 trillion in 2015.

The wellness economy now represents more than 5% of global economic output and is almost half the size of all global health expenditures, which reached $7.6 trillion in 2014. From 2013-2015, the wellness economy grew by 10.6%, while the global economy shrank by -3.6% in U.S. dollar terms.

The Global Wellness Institute develops original estimates for five wellness sectors including: Spa, Wellness Tourism, Thermal/Mineral Springs, Work- place Wellness, and Wellness Lifestyle Real Estate. For the other five sectors, we aggregate secondary global industry data from multiple sources to arrive at the estimated market size. This report provides original data and discusses the development and prospects of the five wellness sectors that are tracked in detail by GWI.

Source: Global Wellness Economy Monitor – January 2017

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