New Global Wellness Institute research reveals wellness market is growing at historic rate: nearly twice as fast as global economy; Report packed with regional and national data
Cesena, Italy – October 6, 2018 – The global wellness industry grew 12.8% in the last two years, from a $3.7 trillion market in 2015 to $4.2 trillion in 2017, according to an in-depth research report, the 2018 Global Wellness Economy Monitor, released today by the nonprofit Global Wellness Institute (GWI). This all-new data on the ten markets that comprise the global wellness economy provides fresh evidence that wellness remains one of the world’s biggest and fast-growing industries.
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.
