Global wellness industry surges, outpacing pharmaceuticals

Original Article by Sarah Rappaport | Bloomberg | 5 November 2024

In 2023, the global wellness industry reached a remarkable $6.32 trillion valuation, surpassing the combined size of the sports and pharmaceutical industries. This figure, reported by the Global Wellness Institute (GWI), marks a 25% growth since 2019, driven by a surge in demand for health-focused products and services post-pandemic. The GWI defines wellness as "the […]

In 2023, the global wellness industry reached a remarkable $6.32 trillion valuation, surpassing the combined size of the sports and pharmaceutical industries. This figure, reported by the Global Wellness Institute (GWI), marks a 25% growth since 2019, driven by a surge in demand for health-focused products and services post-pandemic. The GWI defines wellness as “the…

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