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The first is the Global Wellness Institute's "Global Wellness Economy Monitor 2017" which gives the market size of the global health and wellness industry as $3.7 trillion in 2015. And consumers are spending — big. Global Functional Foods and Drinks Market Outlook 2020-2027: Health & Wellness Trend Catalyzes Growth of Global Functional Foods & Drinks Market August 24, 2020 08:18 ET | Source: Research and Markets The wellness economy was valued at more than $4 trillion in 2018. In 2020, wellness will be seen as something accessible to everyone. FUTURE SHOCK: 25 Health & Wellness trends post COVID-19. Population growth is at the heart of the shift in economic power. Skin, bone,livers, ovaries and even brain tissues are now being grown in the lab, and synthetic kidneys may be on the market by 2020, filling a huge need as diabetes becomes a nationwide epidemic. 6 Billion by the Year 2027. The International Monetary Fund forecast the global economy could shrink 4.4% this year, before bouncing back to 5.2% growth in 2021. Economic and Trade Information on Hong Kong. WHAT IS THE WELLNESS ECONOMY? The wellness economy is a colossal global industry, estimated by the Global Wellness Institute (GWI) as $4.5 trillion and representing roughly 5.3 percent of global economic output in 2017. Defined as industries that enable consumers to incorporate wellness activities and lifestyles into their daily lives, ... GWI Mental Wellness Economy Report The Global Wellness Institute’s groundbreaking report, “Defining the Mental Wellness Economy,” focuses on the business of mental wellness—and explores the programs and products that are driving the mental wellness economy in four sub-sectors of this $121 billion global market. Global Corporate Wellness Market 2020-2026: Technological, Regulatory and Economic Trends that are Affecting the Market Growth, by Number of Downloads. coupled with the growth potential of the Indian Wellness Economy over 10, 20 and 30 years (2020-2050). Wellness expenditures ($4.5 trillion) are more than half as large as total global health expenditures ($7.8 trillion, based on WHO data). The industry has been growing with 12.8% between 2015 and 2017 and represents 5.3% of global economic output. Learn why mental wellness is your biggest opportunity + watch forecasts from the same wellness leaders seen by GWS delegates Download the Complete 2020 Report Experts agree. The Global Brain The Internet of Things is already here and, by 2020, over 30 billion devices will be connected. Healthy People 2020 is exploring these questions by: Developing objectives that address the relationship between health status and biology, individual behavior, health services, social factors, and policies. trillion wellness economy—and its 10 sectors—are the foundation of the Institute’s goal to empower wellness worldwide. In 2016-2017, the MTI expanded to 41 destinations across five regions, doubling the size of the sampling. Photo: Kim Teves. According to the Global Wellness Institute’s Global Wellness Tourism Economy report, “Wellness tourism growth is very much a tale of developing markets, with Asia-Pacific, Latin America-Caribbean, Middle East-North Africa, and Sub-Saharan Africa accounting for 57 per cent of the increase in wellness trips since 2015. Amid the COVID-19 crisis, the global market for Wellness Tourism estimated at US$735.8 Billion in the year 2020, is projected to reach a revised size … & Pers. The coronavirus pandemic and ensuing global lockdowns led to fears of a systemic meltdown, … The Global Wellness Summit (GWS), the foremost gathering of international leaders in the $4.5 trillion global wellness economy, is headed to Tel Aviv, Israel, from November 10–13, 2020. Agribusiness continues to wreak destruction, with 34 defenders killed, and 85% of such attacks recorded in Asia. However, mental wellness is also your … We see ‘deep learning’ inspired by artificial ‘neural networks’ and evolved ‘augmented reality’. May 27, 2021. The impact of COVID-19 on sport, physical activity and well-being and its effects on social development 15 May 2020 Introduction. For years, financial challenges have shadowed the world’s public and private health systems to varying degrees, and we expect the situation to persist in 2020. Wellness has gone on to become a booming trillion-dollar market, ranging from wellness trends such as Circadian Health, and Aging Rebranded, to Energy Medicine, and Fertility. For 2020 as a whole, GDP decreased by 6.1% in real terms from 2019. As the world and its economies become increasingly globalized, including extensive international travel and commerce, it is necessary to think about health in a global context. That translates to 58 million new active users—almost the entire population of Italy. The Global Wellness Summit is an organization that brings together leaders and visionaries to positively shape the future of the multitrillion-dollar global wellness economy. The global economy is expected to contract by 3% in 2020, while Asia’s key trading partners, the USA and the EU (European Union), are expected to contract by 6% and 6.6%, respectively. According to the Global Wellness Institute, the wellness economy was worth an estimated $4.5 trillion (£3.4tn) in 2018, representing 5.3 per cent of global economic output. Throughout 2020, losses will equate to roughly $519 billion —translating to a broader $1.2 trillion contraction in total economic impact. (Global Wellness Institute) #16. Dying is finally … Role of Government in Propelling The Wellness Tourism Market The MTI 2014-2015 assessed the attractiveness of 25 countries as medical tourism destinations. One in four people will experience mental illness in their lives, costing the global economy an estimated $6 trillion by 2030. The global market for Corporate Wellness is projected to reach US$92.6 billion by the year 2027, trailing a post COVID-19 CAGR of 7.3% over the analysis period 2020 through 2027. The global vitamins and mineral supplements market is expected to grow from $51.70 billion in 2019 to 61.16 billion in 2020 at a compound annual growth rate (CAGR) of … 10. The wellness economy is a colossal global industry, estimated by the Global Wellness Institute (GWI) as $4.5 trillion and representing roughly 5.3 percent of global economic output in 2017. The global dietary supplements market size was valued at USD 48.22 billion in 2019 and is projected to reach USD 117.92 billion by 2027, exhibiting a CAGR of 9.8% during the forecast period (2020-2027). New Report: Defining the Mental Wellness Economy What lies ahead for your business in 2021? One area specifically to watch in this regard is tissue printing, which has become the runaway tech success story of 2018. Daily data updates are provided for exchange rates, equity markets, and emerging market bond indices. By 2030, the region is expected to contribute roughly 60% of global growth. Over 27,000 thermal properties or mineral springs were operational within the global salon and spa industry in 2015. Saul Loeb/Getty Images. It’s the first study to measure mental wellness as a global industry and provide a market value for its four sub-segments. The Global Wellness Summit Trends Report, “The Future of Wellness 2020,” was released this week, touting the 10 trends shaping the future of wellness. The Impact of the COVID-19 on Tunisia Economy and the Social impact on the health Situation from early sign of the Corona Virus. The IMF said in October the world economy … Amid the COVID-19 crisis, the global market for Sexual Wellness estimated at US$30 Billion in the year 2020… The Global Wellness Institute defines the wellness economy as “industries that enable consumers to incorporate wellness activities and lifestyles into their daily lives.”. Discover the medical evidence for wellness therapies Wellness … As the COVID-19 pandemic continues to disrupt global economic activity, developing Asia's gross domestic product is now expected to contract by 0.7% in 2020. Become a 2020 Summit Delegate. Today, the industry represents 5.3 percent of global economic output and Mexico increasingly is playing a leading role in the sector. Listen to Audio Version. World economic situation since 2007/2008 has put an extra pressure on people’s psycho-physical state of health. I … GDP is projected to grow by 6.8% in 2021. Long gone are the days of nutrition books and fitness magazines. By Dr Sandeep Goyal In 2009, researchers publishing in The Lancet defined … The latest wellness industry predictions and upcoming trends for 2020. The global wellness industry grew from a US$3.7 trillion market in 2015 to US$4.2 trillion in 2017, according to the Global Institute of Wellness. The Penn State researchers estimate that, over the next 20 years, the global impact of mental illness could be more than $16 trillion. Defining the Mental Wellness Economy November 2020 The Global Wellness Institute (GWI) released its major research report for 2020: “Defining the Mental Wellness Economy.” It’s the first study to define mental wellness as opposed to mental health … Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy. Primary tabs. The industry has been growing with 12.8% between 2015 and 2017 and represents 5.3% of global economic output. Global Economic Monitor. Sponsorship Please contact us to become a sponsor. The global wellness economy is currently valued at $4.5 trillion (2018 data). IMF cuts its global economic forecasts for 2021 and warns of 'long, uneven' recovery By Julia Horowitz , CNN Business Updated 8:30 AM ET, Tue October 13, 2020 From 2015-2017 the wellness market increased from $3.7 trillion (£2.8tn) to $4.2 trillion (£3.2tn). The Global Wellness Institute (GWI) today released its major research report for 2020: “Defining the Mental Wellness Economy.” It’s the first study to define mental wellness as opposed to mental health and to clarify the key concepts and pathways. Contact: info@globalwellnessday.org or deniz.yucel@globalwellnessday.org . This work originated in 2008 with the The growing awareness regarding health and wellness is also driving the market. The Global Wellness Institute initiates, analyzes and trumpets authoritative wellness industry research. That’s roughly the combined GDP of … The global Financial Wellness Program market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 9.1%% in the forecast period of 2020 to 2025 and will expected to reach USD 2411.4 million by 2025, from USD 1702.6 million in 2019. The Davos 2020 meeting comes at the onset of a new, vital decade, and 2020 is also the year that countries are required to renew their commitments with even greater ambitions. Japan is a world leader in longevity - half of its … Market Synopsis Wellness Economy – Size & Scale (2017) Source: Global Wellness Institute, 2018 As per the Global Wellness Institute, the Wellness Economy estimated at USD 4.5 trillion on a global front in 2017.

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