How Will the War in Ukraine Further Change the Wellness Industry? It will accelerate the pivot to social, financial and mental wellness By Thierry Malleret, economist The consequences of the war in Europe are so far-reaching that they will further prompt a global rethink of what wellness is all about. In the coming years, wellness will pivot increasingly towards (1) societal and social wellness, (2)…
The Economic Impact of Wellness Travel on Small, Tourism-Dependent Countries For counties like Aruba and Seychelles, wellness is an outsized percentage of total GDP The GWI’s new research report, the first to measure the wellness economies of 150 nations, ranks countries by the annual, average consumer spend on wellness. What’s surprising is that countries such as Aruba and Seychelles rank so high on…
6 trends that define the future of health and wellness–World Economic Forum, February 15, 2022 The pandemic has made people more health conscious and willing to embrace wellness (when they can afford it). A recent IPSOS survey sheds interesting light on how wellbeing will change in a post-COVID world and the trends that will impact it: (1) an aging population; (2) more virtual healthcare; (3)…
NEW! The Global Wellness Economy: Country Rankings Report – February 2022 On Tuesday, February 8th during the 2022 Global Wellness News Broadcast, the Global Wellness Institute (GWI) research team presented and released its NEW research report, The Global Wellness Economy: Country Rankings–which focuses on the geographical trends and differences in the wellness economy. This research leverages the newly expanded and comprehensive dataset provided by the…
The Big Picture: Huge Growth Ahead With the pandemic ushering in a major consumer “values reset”–where prevention and wellness take on far greater importance–the GWI predicts that the wellness economy will grow an impressive 10% annually through 2025, when the market will hit $7 trillion. This graph charting growth through 2025 says it all… Now let’s look at how each market fared during the pandemic–and its future outlook… MARKET SNAPHOTS: Wellness Tourism (pandemic loser, future winner): Grew…
By Thierry Malleret, economist Experts now predict that in wealthier nations, the future is at least partial working from home. “Remote-first” is fast gaining the upper hand because a) workers want it (people reject the wellbeing toll of commuting and want more agency over their work)–and b) research shows that it boosts productivity. But the work-from-home shift brings a new threat: always-on work and a further erosion of any line between “life” and work. A new study from the World Health Organization shows that among the 2 million people that die from work-related causes a year, the…
