Global Spa & Wellness Summit Study:
$3.4 Trillion Global Wellness Market is Now
Three Times Larger Than Worldwide Pharmaceutical Industry
Following annual summit, industry leaders unveil milestone study, new clearinghouse for evidence-based research on wellness therapies, and 2015 launch of wellness industry think tank
New York, NY (September 30, 2014) – With consumer demand for wellness services and products higher than ever, a landmark study released today by The Global Spa & Wellness Summit reveals that the global wellness market is now worth $3.4 trillion, making it nearly three times larger than the $1 trillion* worldwide pharmaceutical industry.
The study, The 2014 Global Wellness Economy Monitor, was unveiled today in the wake of the 8th Annual Global Spa & Wellness Summit, which drew more than 400 industry leaders from 45 nations to Marrakech, Morocco in mid-September to chart the future of the global wellness industry.