Africa Wellness Initiative 2022 Trends Africa: The Next Frontier for Innovations As the world continues to navigate post-pandemic and through other emerging global challenges, Africa has shown great resilience and with that has come great innovations that have an impact on many aspects of humanity (socially, health wise or environmentally). Through the TLC African wellness stories, I had the opportunity to interview some phenomenal institutions…
Aesthetic Health Initiative 2022 Trends TREND 1: Defining the Arts & Sciences of Aesthetic Health Paints a Picture of Overall Wellness The definition of “Aesthetic Health” includes the physical, emotional, and psychological aspects of wellness and wellbeing. Just as the word influences how we feel so does the word influence of how we feel about the way we look. That however is only one perspective,…
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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…
Media Contact: Beth McGroarty [email protected] • +1.213.300.0107 The Global Wellness Economy Stands at $4.4 Trillion Amidst the Disruptions of COVID-19; Is Forecast to Reach $7 Trillion by 2025 New Global Wellness Institute research–the most in-depth in its history–reveals that the wellness market grew to a record $4.9 trillion in 2019 and then fell to $4.4 trillion in the pandemic year of 2020. But with a consumer…
The Global Wellness Economy: Looking Beyond COVID THE GLOBAL WELLNESS ECONOMY: LOOKING BEYOND COVID Individual Sectors Wellness Market Snapshots Wellness Tourism (pandemic loser, future winner): Grew 8% annually from 2017 to 2019 (reaching $720 billion) and then took a major hit in 2020. The market shrunk -39.5% to $436 billion, while wellness trips dropped from 936 million to 601 million. The impressive 21% annual…
