Global wellness economy hits $5.6 trillion in 2022 amid strong post-pandemic recovery
In THE Global Well-being Institute last Global Well-being Economy Monitor report, NOW In It is fifth editing, researchers has THE organization said THE well-being economy reached A global total of $5.6 thousand billion In 2022 with A compound annual growth rate of 12.1 percent.
THE sectors include spas, thermal/mineral springs, well-being tourism, workplace well-being, well-being real domain, physical activity And mental well-being as GOOD as staff care And beauty, in good health eat, nutrition And weight loss, public health, prevention And personalized medicine, And traditional And complementary medicine. THE the biggest sector East staff care And beauty has $1.09 a thousand billion, follow up by in good health eat, nutrition And weight loss has $1.08 trillion.
Related ArticlesTHE report was prepared by THE the organization key researchers, Catherine Johnston, Ophelia Yeung And Tonia Caller.
HAS give THE data a few context, THE authors said that, as most Industries, "THE global well-being economy has experimented major changes And disturbances on THE last little years In THE wake up of THE COVID-19 pandemic. Before has 2020, THE well-being economy was growth strongly, And faster that generally economic growth, For a lot years. »
In 2019, THE well-being economy reached $4.9 a thousand billion, but In 2020, "he fell by 9.5 percent has $4.5 thousand billion due has THE pandemic," THE authors said. "By comparison, global GDP fell by only 2.7 percent In 2020. THE year 2020 has become A watershed year that will forever divide history — And THE well-being economy — In 'Before' And 'After' COVID-19. »
THE report declared that THE well-being economy has Since restored. "THE global well-being economy And all of THE well-being sectors are ready For strong in progress recovery And growth In THE future years, powered by A long term orient yourself of rising consumer interest In And need For well-being, which has only accelerated Since THE pandemic," THE authors said.
As A result, THE global well-being economy East ready has see A compound annual growth rate of more that 8.6 percent In THE following five years. By region, North America East In THE projector.
"In 2022, North America exceeds Asia Peaceful has become THE the biggest regional well-being economy, A change that has occurred due has relatively Slow down growth And recovery In a few major Asian markets”, THE authors said. "North America ($1.9 thousand billion), Asia Peaceful ($1.7 thousand billion) And Europe ($1.5 thousand billion) together account For 90 percent of THE entire global well-being economy. »
THE reports authors said he East outstanding that "a few of THE well-being sectors are 'export Industries' (that's to say., sale services has people WHO are not residents of THE country Or THE business East located). For example, about 26 percent of all well-being tourism expenses are Since international journey; A significant portion of income In thermal/mineral springs And a few types of spas come Since international visitors. »
In THE Global Well-being Institute last Global Well-being Economy Monitor report, NOW In It is fifth editing, researchers has THE organization said THE well-being economy reached A global total of $5.6 thousand billion In 2022 with A compound annual growth rate of 12.1 percent.
THE sectors include spas, thermal/mineral springs, well-being tourism, workplace well-being, well-being real domain, physical activity And mental well-being as GOOD as staff care And beauty, in good health eat, nutrition And weight loss, public health, prevention And personalized medicine, And traditional And complementary medicine. THE the biggest sector East staff care And beauty has $1.09 a thousand billion, follow up by in good health eat, nutrition And weight loss has $1.08 trillion.
Related ArticlesTHE report was prepared by THE the organization key researchers, Catherine Johnston, Ophelia Yeung And Tonia Caller.
HAS give THE data a few context, THE authors said that, as most Industries, "THE global well-being economy has experimented major changes And disturbances on THE last little years In THE wake up of THE COVID-19 pandemic. Before has 2020, THE well-being economy was growth strongly, And faster that generally economic growth, For a lot years. »
In 2019, THE well-being economy reached $4.9 a thousand billion, but In 2020, "he fell by 9.5 percent has $4.5 thousand billion due has THE pandemic," THE authors said. "By comparison, global GDP fell by only 2.7 percent In 2020. THE year 2020 has become A watershed year that will forever divide history — And THE well-being economy — In 'Before' And 'After' COVID-19. »
THE report declared that THE well-being economy has Since restored. "THE global well-being economy And all of THE well-being sectors are ready For strong in progress recovery And growth In THE future years, powered by A long term orient yourself of rising consumer interest In And need For well-being, which has only accelerated Since THE pandemic," THE authors said.
As A result, THE global well-being economy East ready has see A compound annual growth rate of more that 8.6 percent In THE following five years. By region, North America East In THE projector.
"In 2022, North America exceeds Asia Peaceful has become THE the biggest regional well-being economy, A change that has occurred due has relatively Slow down growth And recovery In a few major Asian markets”, THE authors said. "North America ($1.9 thousand billion), Asia Peaceful ($1.7 thousand billion) And Europe ($1.5 thousand billion) together account For 90 percent of THE entire global well-being economy. »
THE reports authors said he East outstanding that "a few of THE well-being sectors are 'export Industries' (that's to say., sale services has people WHO are not residents of THE country Or THE business East located). For example, about 26 percent of all well-being tourism expenses are Since international journey; A significant portion of income In thermal/mineral springs And a few types of spas come Since international visitors. »
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