Global wellness market valued at $3.72 trillion
The global wellness industry has grown by 10.6 per cent in the last two years to become a $3.72 trillion market in 2015, according to new research. Within that, the spa market grew 2.3 per cent to $98.6 billion and is forecast to grow by a further six per cent by 2020.
The data was released by the Global Wellness Institute (GWI) as part of the Global Wellness Summit 2016, which took place in Austria in October.
The GWI defines the wellness industry as encompassing 10 individual sectors, of which the fastest growing between 2013 and 2015 were: preventative and personalised medicine and public health (+23.5 per cent), and fitness (+21.4 per cent).
The spa sector grew to become a $98.6bn market in 2015, according to the report. Spa facility revenues were worth $77.6bn globally, while the
revenue from education, consulting, associations, media, and event sectors that enable spa businesses was worth $21bn.
Looking forward, GWI forecast that the spa market would grow a further 6% by 2020, to be worth $103.9bn.
