A recent article in Fast Company dove into the GWI’s new research report, the Global Wellness Economy Monitor, finding that the 10 markets that make up the wellness economy are now worth $4.2 trillion. GWI Senior Researcher Ophelia Yeung explains some macro forces that are now defining the wellness market: from people’s interaction with wellness now becoming less episodic and more holistic to how the…
MONTHLY BAROMETER The debate about whether “green growth” will succeed in decoupling GDP growth from the total use of natural resources (that has been raging for years) is now settled by academic research. Every single reputable study shows that, even after accounting for rapid technological innovation and new taxes (such as a global carbon tax), there are physical limits to how efficiently we can use…
Wellness Now a $4.2 Trillion Global Economy – with 12.8% Growth from 2015-2017 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 Download High Resolution Image Cesena, Italy – October 6, 2018 – The global wellness industry grew 12.8% in the last two years, from a $3.7 trillion…
MONTHLY BAROMETER As we argued in past editions, a deceleration in global growth won’t affect global tourism (and wellness tourism) in a proportional/linear manner. The rise of the global middle class combined with the rise of discount travel (plus the insatiable human appetite to discover new places) means that tourism will continue to grow, (almost) no matter what. It did even in the midst of…
An issue to watch is how “digiceuticals” (digital therapeutics) will affect the wellness industry. This new generation of digital medicines that rely on software for curing or managing a disease is booming—200 deals closed in the US in the first half of this year, representing a cumulative investment of $3.4 billion. They go beyond wellness apps, whose purpose is to maintain a healthy lifestyle and…
The Nonpsychoactive Cannabis Extract Looks to be a $1.8 Billion Industry in the US by 2020* The next access+INSIGHTS Zoominar takes place on Wednesday, September 26, 2018, at 5 p.m. EDT on CBD: The Buzziest Wellness Trend. Cannabis’s cultural stigma is fading fast in the US. Now that CBD, a nonpsychoactive compound derived from the cannabis or hemp plant, is said to have serious healing and beautifying properties, it’s enjoying…
