2021 Traditional & Complementary Medicine, and Public Health, Prevention, & Personalized Medicine | The Global Wellness Economy: Looking Beyond COVID

Traditional & Complementary Medicine, and Public Health, Prevention, & Personalized Medicine WELLNESS MARKET SNAPSHOTS Traditional & Complementary Medicine (pandemic loser, future winner): This market spans different holistic, indigenous, ancient therapies and products (acupuncture, Ayurveda, Traditional Chinese Medicine, chiropractic, etc.). It grew from $376 billion in 2017 to $432 billion 2019, but contracted to $413 billion in 2020. It will see healthy 7% annual growth from…

2021 Wellness Tourism, Spas, Thermal/Mineral Springs | The Global Wellness Economy: Looking Beyond COVID

Wellness Tourism, Spas, Thermal/Mineral Springs 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 growth rate projected for wellness tourism through 2025 reflects new traveler values (a…