$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….
Health & Wellness Consultant