Traditional & Complementary Medicine: 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 2020-2025, reaching $583 billion.
Public Health, Prevention & Personalized Medicine: Another sector that saw positive pandemic growth (4.5%), largely because many governments and healthcare systems ramped up their public health and prevention expenditures during the COVID-19 crisis. The sector grew from $328 billion in 2017 to $359 billion in 2019 to $375 billion in 2020 (when it represented about 4% of total global health expenditures at $8.8 trillion). With painful lessons from the pandemic about the terrible costs of underinvesting in public health, the segment is forecast to grow 5% annually through 2025–to reach $478 billion.
This report is an excerpt from the 2021 Global Wellness Economy: Looking Beyond Covid report–the GWI’s most in-depth research on wellness markets ever: For the first time, it provides detailed numbers and statistics.
ABOUT THE FULL REPORT
The Global Wellness Economy: Looking Beyond COVID
The 2021 report is the GWI’s most in-depth research on wellness markets ever: For the first time, it provides detailed numbers and analysis for all eleven wellness sectors: pre-pandemic, pandemic, and future growth rates; rich regional and national data; and the major trends that will impact each sector post-COVID.
DOWNLOAD FULL REPORT | VIEW ALL INDIVIDUAL SECTORS
Vitamin Sea: Time Spent Near Water Is Medicine for Mind & Body
Wellness Evidence Study: Napping as Medicine
We Know Nature Is Medicine, Now We Know the Dosage: 2 Hours/Week
Sign up for the bi-weekly Global Wellness Brief to stay informed and receive updates on news, trends, research and more. SUBSCRIBE