The global health and wellness industry is one of the world’s largest and fastest growing industries to date. The market was worth over $4 trillion in 2017 and is expected to continue to rise over the next few years.
This is a significant increase from the $3.7 trillion it was worth in 2015. During that two year period the industry grew 6.4% annually.
The ten major categories that the Global Wellness Institute says are influencing the trillion dollar industry include:
Each of these sub-markets contribute to the larger wellness industry. A breakdown of some of the fastest growing and most influential ones are described below:
Wellness Real Estate:
The Global Wellness Institute estimates that there were over 149,000 spas in 2017 and that this number will continue to rise in the near future. The United States led this particular market at $20.8 billion followed by China, Germany, Japan and France.
The success of the global health and wellness industry is due in large part to a growing health concern among consumers.
As individuals become more health conscious, they look for various outlets to relieve stress and promote a more balanced lifestyle. For this reason, the global health and wellness market will continue to rise annually during the forecast period.