Wellness is about making healthy lifestyle choices and maintaining one’s well-being both physically and mentally. In recent years, more people around the world have begun to recognize the importance of wellness – a trend which has seen the value of the industry increase year-on-year. In 2015, the market size of the global wellness industry amounted to more than 3.7 trillion U.S. dollars. The beauty and anti-aging segment was by far the largest, constituting around one trillion U.S. dollars. The various segments making up the wellness industry are diverse and include, among others, healthy eating and weight loss, fitness, alternative medicine and the spa industry.
The spa industry in the United States generated 16.3 billion U.S. dollars in revenue from more than 21 thousand locations in 2015. Reasons for seeking spa treatments ranged from medical reasons and pain relief to relaxation and stress relief, or even just to indulge and pamper. During a national survey by market research company Nielsen Scarborough in spring 2016, 13.71 million people said that they had used day spa services within the past 12 months.
Another segment of the wellness industry is corporate wellness services, which generate 7.3 billion U.S. dollars in revenue in 2015, this was forecasted to reach 11.3 billion U.S. dollars by 2021. The industry is comprised of companies which provide workplace programs to improve or support the health and wellbeing of their employees. The majority of these programs are company funded, although some are carrier funded or paid for by employee contributions. In 2016, the most common services in the United States were health risk assessments, nutrition and weight management and smoking cessation services.
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