MIAMI, United States — The value of the global wellness industry has risen to $4.5 trillion, bolstered by the $828.2 billion “physical activity economy”, according to new research by the Global Wellness Institute. The MTI 2014-2015 assessed the attractiveness of 25 countries as medical tourism destinations. I … The Penn State researchers estimate that, over the next 20 years, the global impact of mental illness could be more than $16 trillion. 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 … Asian Development Outlook (ADO) 2020 Update: Wellness in Worrying Times | Asian Development Bank Summary. Dying well. The Impact of the COVID-19 on Tunisia Economy and the Social impact on the health Situation from early sign of the Corona Virus. 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. Access the Press Release announcing the 2020 Global Wellness Trends, here. 1. Focus Shifts from Sleep to True Circadian Health Any solution claiming to reset circadian rhythms must have the TIMING of light at its center. The Global Wellness Summit (GWS), the foremost gathering of international leaders in the $4.5 trillion global wellness economy, today announced that its 2020 conference would move from Tel Aviv, Israel, to the US, by far the largest wellness market. Global Corporate Wellness Market 2020-2026: Technological, Regulatory and Economic Trends that are Affecting the Market Global Sexual Wellness Market to Reach US$41. 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. & Pers. In 2016-2017, the MTI expanded to 41 destinations across five regions, doubling the size of the sampling. That’s roughly the combined GDP of … The Global Wellness Institute initiates, analyzes and trumpets authoritative wellness industry research. 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 This enables huge opportunities in all areas of life: politics, … Global health care sector issues in 2020. Global Corporate Wellness Market 2020-2026: Technological, Regulatory and Economic Trends that are Affecting the Market The latest wellness industry predictions and upcoming trends for 2020. by Cammy Lee. Contact: info@globalwellnessday.org or deniz.yucel@globalwellnessday.org . According to the 2018 Global Wellness Economy Monitor, there are more than 740 wellness estate and community developments either built or in the works across 34 countries. (Global Wellness Institute) #16. MIAMI (PRWEB) October 20, 2020 The Global Wellness Summit (GWS), the foremost gathering of international leaders in the multitrillion-dollar global wellness economy, today announced an impressive roster of keynotes, presenters and panels for the 14th annual GWS taking place both in-person at The Breakers Palm Beach and worldwide via the recently announced Virtual Access Package. In 2020, wellness will be seen as something accessible to everyone. 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 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. For 2020 as a whole, GDP decreased by 6.1% in real terms from 2019. It has witnessed tremendous growth since 2017 by 4.9% and is expected to generate more than $77 billion in … The Health and Wellness industry … 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. Mental wellness becomes a new “industry bubble” in the GWI’s Global Wellness Economy framework, capturing a crucial set of economic activities not previously included in the organization’s wellness economy measurements. 2020 Global Wellness Trends | Global Wellness Summit The Global Wellness Summit (GWS) trends forecasting team predicts new directions in health and wellness—a mission it … Asian Development Outlook Update, September 2020 Wellness in Worrying Times Physical and mental health is vital to post-pandemic recovery. Megatrend 1: Shifting economic power. According to the Global Wellness Institute’s research, the spa industry added 16,004 spas between 2013 and 2015. Photo: Kim Teves. Like all other sectors of the world economy, tourism is also feeling the pinch of the crisis that has resulted from the global economic turmoil. Long gone are the days of nutrition books and fitness magazines. Formal invitations to the Summit are sent to a select list of top-level decision makers in the $4.5 trillion global wellness economy. That translates to 58 million new active users—almost the entire population of Italy. 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 … From 2015-2017 the wellness market increased from $3.7 trillion (£2.8tn) to $4.2 trillion (£3.2tn). 10. New Report: Defining the Mental Wellness Economy What lies ahead for your business in 2021? 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. 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. According to an article published in the World Economic Forum in September 2020, the global downloads of fitness and health apps increased by 46%. 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. 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. 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 … The Health and Wellness industry … The coronavirus pandemic and ensuing global lockdowns led to fears of a systemic meltdown, … 6 Billion by the Year 2027. The industry has been growing with 12.8% between 2015 and 2017 and represents 5.3% of global economic output. Palm Beach, FL – November 9, 2020 – 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. Economic and Trade Information on Hong Kong. /PRNewswire/ -- The wellness tourism market is expected to grow by USD 315.47 billion during 2020-2024, according to Technavio. Businesses associated with these properties earned $51 billion in 2015. Primary tabs. 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. Global health plays an increasingly crucial role in both global security and the security of the U.S. population. As of December 31, 2020, there were 3.82 million jobs still on the job retention scheme, compared with 8.86 million on May 8, 2020, the day with the highest number of furloughed jobs. (Global Wellness Institute) #17. coupled with the growth potential of the Indian Wellness Economy over 10, 20 and 30 years (2020-2050). 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. 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. June 3, 2021. Throughout 2020, losses will equate to roughly $519 billion —translating to a broader $1.2 trillion contraction in total economic impact. Defining the Mental Wellness Economy Research Report Released Today, the Global Wellness Institute released a major research report, “ Defining the Mental Wellness Economy, ” at the 2020 Global Wellness Summit. 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. The global wellness economy is currently valued at $4.5 trillion (2018 data). 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. By 2030, the region is expected to contribute roughly 60% of global growth. May 27, 2021. One in four people will experience mental illness in their lives, costing the global economy an estimated $6 trillion by 2030. 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. They are the underlying forces that drive change in global markets, and our everyday lives. “The Global Wellness Economy: Looking Beyond COVID” To be released at the 2021 Global Wellness Summit, November in Tel Aviv, Israel COVID-19 has upended our world, from our way of life – what we hold dear and what we have lost – to our communities, business, and the global economy. Wellness Economy Spa Economy Wellness Tourism Wellness Real Estate Thermal/ Mineral Springs Fitness & Mind-Body Workplace Wellness Personal Care, Beauty, & Anti-Aging Healthy Eating, Nutrition, & Weight Loss Prevent. The 2020-2021 Medical Tourism Index comes at a time where the industry, and the entire world, has been changed forever by COVID-19. MIAMI, Oct. 20, 2020 /PRNewswire-PRWeb/ -- The Global Wellness Summit (GWS), the foremost gathering of international leaders in the multitrillion-dollar global wellness economy… Spotlighting the 8 key trends we predict will have the biggest impact on the global wellness industry over the next 12 months and beyond, our unique report covers all aspects of the market from consolidation to the importance of sustainable business models. Wellness tourism is growing at a rapid pace that rivals the growth rate of the entire travel and tourism industry of the world. We believe accurate and timely research on the $4.5. Population growth is at the heart of the shift in economic power. Become a 2020 Summit Delegate. Latest Development. 2018 Global Wellness Industry Trend Report FREE DOWNLOAD. One area specifically to watch in this regard is tissue printing, which has become the runaway tech success story of 2018. 1. Over 27,000 thermal properties or mineral springs were operational within the global salon and spa industry in 2015. Wellness expenditures ($4.5 trillion) are more than half as large as total global health expenditures ($7.8 trillion, based on WHO data). Global Wellness Summit 2020, November 8–11 Florida: ‘Resetting the World with Wellness’. Role of Government in Propelling The Wellness Tourism Market Mental ill-health is the leading cause of disability and poor life outcomes in young people aged 10–24 years, contributing … Furthermore, there will be a larger movement towards increasing wellness by establishing and improving smaller habits. The “wellness economy” was valued at more than $4 trillion in 2018, according to figures from the Global Wellness Institute (GWI). trillion wellness economy—and its 10 sectors—are the foundation of the Institute’s goal to empower wellness worldwide. Amid these dynamics, governments, health care providers, payers, and other stakeholders around the globe are being challenged to quickly pivot, adapt, and innovate. Emphasizing an ecological approach to disease prevention and health promotion. Med. People are rethinking the way we care for the dying. Discover the medical evidence for wellness therapies Wellness … >> Read more about this report. Daily data updates are provided for exchange rates, equity markets, and emerging market bond indices. X . The GWS welcomes delegates from all continents, countries and industries. The global wellness economy 22 January 2019 - 9:21 AM The shift of power and profit from drug companies to complementary medicines, workplace wellness programs, spas and retreats is creating lucrative opportunities for investors and innovators. Japan is a world leader in longevity - half of its … The industry has been growing with 12.8% between 2015 and 2017 and represents 5.3% of global economic output. W-GDP seeks to reach 50 million women in the developing world by 2025 through focusing on three pillars: women prospering in the workforce, women succeeding as … Global Wellness Institute According to the healthy trends in 2020, the mineral&thermal spring industry was valued at $56.2 billion in 2017 with about 1.8 million workers. 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. The growing awareness regarding health and wellness is also driving the market. However, the total economic impact is more difficult to assess. Growth, by Number of Downloads. The 10 Wellness Trends you Need to Know in 2020 according to the Global Wellness Summit. The International Monetary Fund forecast the global economy could shrink 4.4% this year, before bouncing back to 5.2% growth in 2021. And consumers are spending — big. Japanese Longevity Solutions | J-Wellness. Financial operations and performance improvement. This will make “value” a watchword in health care payment reform. According to the World Travel and Tourism Council, a staggering 50 million jobs are at risk in the industry, with 30 million of those jobs belonging to employees in Asia. Providing daily updates of global economic developments, with coverage of high income- as well as developing countries. 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). Agribusiness continues to wreak destruction, with 34 defenders killed, and 85% of such attacks recorded in Asia. 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 IMF said in October the world economy … Launched in February 2019, the White House-led Women’s Global Development and Prosperity (W-GDP) Initiative is the first-ever whole-of-government effort to advance global women’s economic empowerment. Global Economic Monitor. The quantification of the global wellness industry is a recent endeavor, and it remains limited and incomplete. The theme chapter in this report explores wellness, or the deliberate pursuit of activities that bring holistic health. The impact of COVID-19 on sport, physical activity and well-being and its effects on social development 15 May 2020 Introduction. By Dr Sandeep Goyal In 2009, researchers publishing in The Lancet defined … Dying is finally … FUTURE SHOCK: 25 Health & Wellness trends post COVID-19. Between Q1 and Q2 2020, health and fitness app downloads grew by 46% worldwide. 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. Listen to Audio Version. The Global Wellness Program (GWP) 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. 2019 Understanding Wellness: Opportunities and Impacts of the Wellness Economy for Regional Development The Global Wellness Institute TM is a nonprofit organization with a mission to empower wellness worldwide by educating public and private sectors about preventative health and wellness. This work originated in 2008 with the Download a summary of the keynote and workshop Megatrends 2020-2030 by Peter Fisk. Economic context: However, mental wellness is also your … Sponsorship Please contact us to become a sponsor. The importance of global health, health in LDCs and economic development in developing countries. Hong Kong’s economy contracted by 3.0% year-on-year in real terms in the fourth quarter of 2020, after a fall of 3.6% (year-on-year) in the preceding quarter. Here’s a look at the regional breakdown: India saw the highest increase in downloads, rising by 156%. The Global Wellness Institute defines the wellness economy as “industries that enable consumers to incorporate wellness activities and lifestyles into their daily lives.”.

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