Global Wellness Day

The Global Wellness Economy Reaches a Record $5.6 Trillion--And It's Forecast to Hit $8.5 Trillion by 2027

Retrieved on: 
Tuesday, November 7, 2023
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MIAMI, Nov. 7, 2023 /PRNewswire-PRWeb/ -- How has the global wellness economy fared since the massive economic shocks of the pandemic? According to a new report released today by the non-profit Global Wellness Institute (GWI)—the only authoritative, comprehensive source of wellness market data—the industry has made one powerful recovery. If the market was worth a record $4.9 trillion in 2019, and then shrank 11% to $4.4 trillion in the pandemic year of 2020, the research indicates that the wellness economy has seen recent, economy-defying momentum. It grew 27% since 2020 to reach $5.6 trillion, with 7 of the 11 wellness sectors now surpassing their 2019, pre-pandemic values. With consumers, the medical world, and governments now placing a much bigger value on prevention and wellness, the GWI forecasts that the wellness economy will grow at an impressive 8.6% annual pace through 2027, when the market will reach $8.5 trillion—nearly double its 2020 size.

Key Points: 
  • With strong tailwinds, it's forecast to grow another 52% by 2027
    MIAMI, Nov. 7, 2023 /PRNewswire-PRWeb/ -- How has the global wellness economy fared since the massive economic shocks of the pandemic?
  • It grew 27% since 2020 to reach $5.6 trillion, with 7 of the 11 wellness sectors now surpassing their 2019, pre-pandemic values.
  • Looking into the horizon, the global wellness economy has a strong current under its wings, based on global trends that are only accelerating
    "We are surprised by the resiliency of the global wellness economy, and how quickly it has bounced back from the pandemic.
  • The GWI has announced it will now release a Global Wellness Economy Report annually, at each Global Wellness Summit .

Peloton Announces Peloton For Business, Offering Full-Service Well-Being Solutions for B2B Clients

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Thursday, August 17, 2023
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NEW YORK, Aug. 17, 2023 /PRNewswire/ -- Today Peloton (NASDAQ: PTON) announced the launch of Peloton for Business, a unified portfolio of B2B wellbeing solutions for enterprise clients, offered across seven key verticals: Hospitality, Corporate Wellness, Multi-Family Residential, Education, Healthcare, Gyms and Community Wellness. A first-of-its-kind in B2B fitness and wellness, the full-service offering includes a range of equipment and content-based solutions, delivering on Peloton's commitment to empower anyone, anywhere, anytime.

Key Points: 
  • A first-of-its-kind in B2B fitness and wellness, the full-service offering includes a range of equipment and content-based solutions, delivering on Peloton's commitment to empower anyone, anywhere, anytime.
  • Additionally, Peloton saw industry-high retention rates among enterprises that offer team members the Peloton Corporate Wellness benefit, with more than 93 percent of clients renewing year over year.
  • Reinforcing its commitment to the B2B marketplace as a strategic growth driver for the business, Peloton has created a leadership role that will oversee this function.
  • "I'm thrilled to be joining Peloton at such a pivotal time in the development of its B2B strategy," said Hybl.

WellnessEvidence.com Adds CBD to Its Growing List of Wellness Approaches with Aim of Empowering Consumers to Make More Informed Decisions

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Tuesday, June 27, 2023
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MIAMI, June 27, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute™ (GWI), the leading research and educational resource for the global wellness industry, reminds wellness seekers that there is evidence-based medical research available on most mainstream wellness modalities – whether that evidence is good, bad or inconclusive.

Key Points: 
  • "CBD, a non-psychoactive part of the cannabis sativa plant, has recently soared in popularity and has seen a lot of marketing hype as a cure-all.
  • While studies are increasing, unlike the overwhelmingly positive evidence for approaches such as exercise or healthy sleep, the evidence around CBD can be complex and confusing," continued Ellis.
  • WellnessEvidence.com is a 'spin-free' research zone where you can research studies for CBD, whether positive or negative.
  • To access the medical evidence for the 33 featured wellness approaches, visit http://www.wellnessevidence.com .

PDO Max® Hires Jaclyn Luongo, Leading Innovator in Medical Aesthetics and Spa Industry, to Fuel Business Growth

Retrieved on: 
Tuesday, May 9, 2023
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An accomplished industry sales veteran and recognized leader, Luongo brings more than twenty-four years of outstanding accomplishments to her position.

Key Points: 
  • An accomplished industry sales veteran and recognized leader, Luongo brings more than twenty-four years of outstanding accomplishments to her position.
  • In 2021, she joined The Global Wellness Institute to be part of and create their first mentor program.
  • "We are thrilled to welcome Jaclyn to our team as Director of Sales," said Juliana Ucchino, Chief Operating Officer at PDO MAX.
  • In addition, she will bring valuable leadership to our sales team, which will fuel the continued growth of our organization."

Global Wellness Institute Releases First Wellness Policy Toolkit on Physical Activity

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Friday, April 14, 2023
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MIAMI, April 14, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute™ (GWI), the leading research and educational resource for the global wellness industry, today released the Wellness Policy Toolkit: Physical Activity. The toolkit takes a deep dive into what is driving rising levels of physical inactivity worldwide and the many tangible ways that new policies, government resources and public-private partnerships can tackle the crisis. It outlines six distinct areas of policy action: from encouraging physical activity via the built environment, to addressing racial and ethnic disparities, to integrating physical activity into the medical system. It was released today at FIBO in Cologne, Germany, the world's leading international trade show for fitness, wellness and health.

Key Points: 
  • The toolkit goes in-depth on the rising global crisis of physical inactivity and the specific ways that governments, policymakers and cross-sector partnerships can create the resources and environments that will bring more movement to all
    MIAMI, April 14, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute™ (GWI), the leading research and educational resource for the global wellness industry, today released the Wellness Policy Toolkit: Physical Activity.
  • Now the research organization turns to seven wellness policy toolkits that give governments and other stakeholders concrete action plans to address gaps in each wellness domain—whether it's physical activity, wellness at work, or wellness in the built environment.
  • The Cost of our Sedentary World: The toolkit lays out the global research on why policy action around physical activity is so direly needed.
  • Six Areas of Policy Action for Physical Activity:
    The toolkit identifies six areas of action that would drive far more physical activity participation and access.

International Philanthropy Leader Joins Global Wellness Institute Board of Advisors

Retrieved on: 
Thursday, March 9, 2023
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MIAMI, March 9, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute™ (GWI), the leading research and educational resource for the global wellness industry, today announced Jean Sung, head of The Philanthropy Centre, Asia, for J.P. Morgan Private Bank, will join the 19-member GWI Board of Advisors. Sung, the first philanthropy advisor to be appointed to the GWI board, is known for her cross-sector and multilateral networks that help build collaborative alliances between the private and social sectors.

Key Points: 
  • MIAMI, March 9, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute™ (GWI), the leading research and educational resource for the global wellness industry, today announced Jean Sung, head of The Philanthropy Centre, Asia, for J.P. Morgan Private Bank, will join the 19-member GWI Board of Advisors .
  • Sung, the first philanthropy advisor to be appointed to the GWI board, is known for her cross-sector and multilateral networks that help build collaborative alliances between the private and social sectors.
  • "As a recognized leader in philanthropy, Jean Sung is closely aligned with the institute's critical nonprofit aspect and brings a global perspective to GWI's mission to be the world resource for research and education in the $4.4 trillion global wellness economy," said Susie Ellis, chair & CEO of the Global Wellness Institute.
  • I am honored to join the Advisory Board of the Global Wellness Institute."

Detailed Wellness Economy Data from the World's #1 Wellness Economy, the United States, Now Available for Download from Global Wellness Institute (GWI)

Retrieved on: 
Wednesday, March 8, 2023
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MIAMI, March 8, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute (GWI), the leading research and educational resource for the global wellness industry, through its partnership with National Academy of Sports Medicine (NASM), has added the United States—the #1 wellness economy in the world, valued at over $1 trillion—to the growing number of countries featured on the organization's Geography of Wellness microsite.

Key Points: 
  • According to GWI data, the United States wellness economy contracted from $1.4 trillion in 2019 to $1.2 trillion in 2020, still a huge number that is expected to continue its upward trajectory.
  • The Physical Activity segment experienced an 18% contraction in 2020, yet remains #1 in the world at $215 billion.
  • Full descriptions of these sectors are available in the newly released report, available for free download thanks to NASM, " The Global Wellness Economy: United States. "
  • The United States is by far the world's top wellness economy, boasting the largest markets in 9 out of 11 wellness sectors—spanning physical activity, healthy eating, mental wellness, beauty and personal care, wellness tourism, and more.

Global Wellness Institute (GWI) Adds Indonesia to its "Geography of Wellness" Platform

Retrieved on: 
Wednesday, February 15, 2023
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MIAMI, Feb. 15, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute (GWI), the leading research and educational resource for the global wellness industry, today announced that Indonesia, a republic spanning 17,000 islands and the largest economy in Southeast Asia, as the latest country to be highlighted on the organization's Geography of Wellness microsite.

Key Points: 
  • The Geography of Wellness platform, which launched last year, gives key stakeholders in the 218 countries featured in GWI's "The Global Wellness Economy: Country Rankings" a deeper dive into their country's position in the various sectors and subsectors of the $4.4 trillion global wellness economy.
  • The research reveals that the highest spike in their wellness economy occurred in 2019 (pre-pandemic) when it was valued at $40.6 billion.
  • GWI's global wellness economy data, along with a deep dive into Indonesia, can be found in the newly released report, " The Global Wellness Economy: Indonesia ," available for free download.
  • Indonesia's wellness practices have existed for more than 2,000 years, incorporating Indonesian heritage with wellness traditions from Indian, Arab and Chinese origins.

Global Wellness Institute Welcomes Three New Wellness Experts to Board of Advisors

Retrieved on: 
Tuesday, January 24, 2023
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MIAMI, Jan. 24, 2023 /PRNewswire-PRWeb/ -- The nonprofit Global Wellness Institute™ (GWI), the leading research and educational resource for the global wellness industry, today announced Bill Kapp, Fountain Life™ CEO & co-founder, Anjan Chatterjee, MD, FAAN, founding director of the Penn Center for Neuroaesthetics, and Freddie Moross, managing director of UK-based Myndstream, which creates and designs music for health and wellbeing, have joined the prestigious GWI board of advisors. The new appointments to the 21-member board were announced by the Institute's Chair and CEO Susie Ellis.

Key Points: 
  • "These members of GWI's board of advisors are a perfect fit for our mission to empower wellness, in its many forms, worldwide," said Ellis.
  • "Dr. Bill Kapp is passionate about transforming the healthcare system into one that is proactive and grounded in scientific data.
  • Dr. Anjan Chatterjee was the first to bring worldwide attention to the connection between wellness and the perception of beauty.
  • Freddie Moross received the Debra Simon Award for Leader in Furthering Mental Wellness at the 2022 Global Wellness Summit.