$4,200,000,000,000,000 and counting

In 2017, the Health & Wellness Industry was worth $4.2 trillion

The Health and Wellness industry encompasses all activities which promote physical and mental well being: from yoga to healthy eating, personal care and beauty, nutrition and weight-loss, meditation, spa retreats, workplace wellness and wellness tourism. AND it represents 5.3% of global economic output.

Key sectors include:

Personal Care, Beauty and Anti-Aging ($1,083 billion)

Healthy Eating, Nutrition and Weight Loss ($702 billion)

Wellness Tourism ($639 billion)

Fitness and Mind-Body ($595 billion)

Preventative and Personalized Medicine and Public Health ($575 billion)

Traditional and Complementary Medicine ($360 billion)

Wellness Lifestyle Real Estate ($134 billion)

Spa Economy ($119 billion)

Thermal/Mineral Springs ($56 billion)

Workplace Wellness ($48 billion)

At OX SEVEN we recruit for some of the largest Hotel Spas in the country and the most luxurious. I feel truly blessed to work with such incredible Talent Partners.

In 2017, there were over 149,000 spas, earning $93.6 billion in revenues and employing nearly 2.5 million workers.

The spa sector has been growing by 9.9 percent annually from 2015–2017, and it is projected to reach $128 billion in 2022.

The top five markets are United States ($20.8 billion), China ($8.2 billion), Germany ($6.7 billion), Japan ($5.7 billion) and France ($3.6 billion).

It is estimated that in order to staff the growing global spa business, the industry will need an additional 300,000 trained spa therapists and 54,000 experienced spa managers/directors (above the current level) by 2022.

Looks like we are going to be very busy….

 

Veronica Winter

Health & Wellness Consultant

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