URB’N NATURE
URB’N NATURE
URB’N NATURE
 
EMPLOYERS: POST A JOB
Free ezines & magazines
News Video Training Products Magazines Spa Business spa-kit Handbook What's on Advertise Subscribe
Catalogue gallery
More catalogues
Diary dates
Powered by leisurediary.com
25-27 Jun 2022
Las Vegas Convention Center, Las Vegas, United States
25-27 Jun 2022
Las Vegas Convention Center, Las Vegas, United States
27-28 Jun 2022
St. Martins Spa & Lodge, Frauenkirchen, Austria
12-13 Sep 2022
Wyndham Lake Buena Vista Disney Springs® Resort, Lake Buena Vista, United States
12-14 Sep 2022
Galgorm Spa & Golf Resort , Ballymena, Ireland
20-23 Sep 2022
Anantara Vilamoura Algarve Resort, Quarteira, Portugal
25-26 Sep 2022
Bespoke, San Francisco, United States
26-28 Sep 2022
Gwel an Mor, United Kingdom
GWI report identifies mental wellness as US$121bn emerging industry
By Megan Whitby 09 Nov 2020
The report defines mental wellness as 'an internal resource that helps us think, feel, connect and function; it’s an active process that helps us to build resilience, grow and flourish' Credit: Shutterstock: marvent
The Global Wellness Institute (GWI) has named mental wellness as a new US$121bn (€101.6bn, £91.8bn) segment of the global wellness economy, based on consumer spending in four markets in 2019.

The figure was released today (9 November) in the GWI’s new study, called Defining the Mental Wellness Economy, claimed to be the first paper to define mental wellness as its own industry.

Researchers say the industry ‘encompasses businesses whose primary aim is to develop our internal mental wellness resources and help us to think, feel, connect and function better’.

The report defines mental wellness as more than just an absence of mental illness. Instead, it’s an internal resource that helps us think, feel, connect and function; it’s an active process that helps us to build resilience, grow and flourish.

The GWI has valued and categorised the emerging industry into four main sectors:
– Self-improvement, US$33.6bn (€28.2bn, £25.5bn)
– Meditation and mindfulness, US$2.9bn (€2.4bn, £2.2bn)
– Brain-boosting nutraceuticals and botanicals, US$34.8bn (€29,2bn, £26.4bn)
– Senses, spaces and sleep, US$49.6bn (€41.7bn, £37.6bn)

Due to COVID-19, mental health issues and mental unwellness are on the rise and taking their toll on individuals, families and society.

Furthermore, the World Economic Forum has estimated mental illness and mental unwellness will cost US$16.1trn (€13.5trn, £12.2trn) globally in 2030.

In response, the report argues mental wellness can provide strategies to help increase wellbeing and be used as a pathway to ease the financial burden caused by mental unwellness and illness – a point it hopes will incentivise governments and business to promote and invest into mental wellness.

“Clearly, the human suffering and economic dislocations caused by the pandemic have increased demands for mental wellness pathways and solutions on a global scale,” said co-authors Katherine Johnston and Ophelia Yeung.

“Not enough attention is paid globally to mental illness prevention and mental wellness promotion.

“Practices that improve our mental wellness don’t only lessen the symptoms of mental illness, but also reduce the risk of developing a mental illness,” they added.

The GWI has now added mental wellness as a new industry bubble to its Global Wellness Economy framework, which defines and measures the size of the US$4.5trn (€3.8trn, £3.4trn) global wellness economy.

Johnston shared that next year's research will focus on updating the framework diagram, which will hopefully show the impact of Coronavirus on the industry in a post-virus world with a vaccine.

The paper officially launched today on the first day of the annual Global Wellness Summit (GWS).


News
1 to 12 of 8160 news stories
24 Jun 2022
The Global Wellness Summit (GWS) has kicked off the sixth season of its wellness podcast which has recently been renamed Global Wellness Conversations (GWC). First recorded at the 2019 GWS in Singapore, GWC has grown ... More
23 Jun 2022
A new report by Deloitte, outlining the social and economic value of the global health and fitness industry, has been released by The Global Health & Fitness Alliance (GHFA), in collaboration with IHRSA. The 418-page ... More
23 Jun 2022
Industry veteran Jacqueline Berry has been appointed group director of spa and wellbeing at Miraval. She will oversee the company's Life in Balance spas at Miraval Arizona, Miraval Austin and Miraval Berkshires. Berry was previously ... More
23 Jun 2022
Rosewood Hotels & Resorts is continuing its strategic global growth plan and will open its first property in Venice, Italy, in 2025. Rosewood announced it has been selected to manage the Hotel Bauer in Venice, ... More
22 Jun 2022
A new spa and wellness retreat has launched at The Fontanelle Estate in Tuscany, a countryside property nestled among the rolling hills and vineyards of Italy’s Chianti wine region. Completed with the help of Lahra ... More
21 Jun 2022
The winners of the 13th annual Good Spa Guide Awards were announced last night (20 June) at industry conference Spa Life UK taking place this year in the Cotswolds. The awards celebrate the best in ... More
16 Jun 2022
Mandarin Oriental Hotel Group (MOHG) has signed a long term management agreement with Attestor Limited to rebrand and manage Hotel Cristallo in Cortina d’Ampezzo, Italy. Currently operated by Marriott International within its Luxury Collection, the ... More
16 Jun 2022
Newly-formed industry body The Great Spa Towns of Europe association has appointed Stefan Szirucsek as its new board chair. As of July 2021, The Great Spa Towns of Europe was established as a UNESCO World ... More
15 Jun 2022
On 24 June 2022, skincare specialist and therapist trainer Jennifer Young will launch a new training course called Hormonal Wellness Touch Therapies. The new qualification is designed to enable spa therapists to help guests address ... More
13 Jun 2022
Hotels with wellness revenues exceeding US$1m generated 126 per cent more in total revenue per available room (TRevPAR) in 2021 than those with wellness revenues of less than US$1m, according to the latest Wellness Real ... More
10 Jun 2022
After a two-year hiatus due to the pandemic, the 14th annual HOTel&SPA event returned last week, bringing together top hospitality and spa executives from across Europe and beyond for a day of talks and networking. ... More
09 Jun 2022
Global lifestyle brand Nobu Hospitality, founded by Robert De Niro, Nobu Matsuhisa and Meir Teper, has announced plans to open its fifth Spanish destination in Madrid. Centrally positioned in the heart of the Spanish capital’s ... More
     
International SPA Association - iSPA
Les Mills International
Company Profile
Sothys Paris
Founded in 1946, Sothys is owned by the Mas family. Chief executive Christian Mas oversees the [more]
 
MORE PROFILES
Featured Supplier
Biologique Recherche draws on 45 years of expertise to expand solar skincare line
Biologique Recherche was founded by a family of passionate skincare experts. Today, it’s managed by Rupert Schmid and Pierre-Louis Delapalme, while Philippe Allouche, son of founders Yvan and Josette Allouche, leads the research and development team. ... more
Myrtha Wellness
Product news
Lucknam Park Spa rebrands and partners with 111Skin and Natural Spa Factory
Lucknam Park Spa rebrands and partners with 111Skin and Natural Spa Factory
Deepak Chopra and OpenSeed create private meditation pods
Deepak Chopra and OpenSeed create private meditation pods
Premier Software raises over £1,000 cycling for Prostate Cancer UK
Premier Software raises over £1,000 cycling for Prostate Cancer UK
The RLX Satori Wellness Lounger enables the next level of touchless treatments, says Sammy Gharieni
The RLX Satori Wellness Lounger enables the next level of touchless treatments, says Sammy Gharieni
Elemental Herbology announces permanent spa residency at The Cadogan in Chelsea
Elemental Herbology announces permanent spa residency at The Cadogan in Chelsea
Zenoti’s top three strategies to maximise your spa’s social media presence
Zenoti’s top three strategies to maximise your spa’s social media presence
Directory

 
JOBS
NEWS
VIDEO
TRAINING
PRODUCTS
MAGAZINE
 
SPA BUSINESS
SPA-KIT.NET
SPA BUSINESS HANDBOOK
SUBSCRIBE
ADVERTISE
FREE DIGITAL SUBSCRIPTIONS
CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022



URB’N NATURE
URB’N NATURE
URB’N NATURE
URB’N NATURE
News   Products   Magazine
NEWS
GWI report identifies mental wellness as US$121bn emerging industry
POSTED 09 Nov 2020 . BY Megan Whitby
The report defines mental wellness as 'an internal resource that helps us think, feel, connect and function; it’s an active process that helps us to build resilience, grow and flourish' Credit: Shutterstock: marvent
The Global Wellness Institute (GWI) has named mental wellness as a new US$121bn (€101.6bn, £91.8bn) segment of the global wellness economy, based on consumer spending in four markets in 2019.

The figure was released today (9 November) in the GWI’s new study, called Defining the Mental Wellness Economy, claimed to be the first paper to define mental wellness as its own industry.

Researchers say the industry ‘encompasses businesses whose primary aim is to develop our internal mental wellness resources and help us to think, feel, connect and function better’.

The report defines mental wellness as more than just an absence of mental illness. Instead, it’s an internal resource that helps us think, feel, connect and function; it’s an active process that helps us to build resilience, grow and flourish.

The GWI has valued and categorised the emerging industry into four main sectors:
– Self-improvement, US$33.6bn (€28.2bn, £25.5bn)
– Meditation and mindfulness, US$2.9bn (€2.4bn, £2.2bn)
– Brain-boosting nutraceuticals and botanicals, US$34.8bn (€29,2bn, £26.4bn)
– Senses, spaces and sleep, US$49.6bn (€41.7bn, £37.6bn)

Due to COVID-19, mental health issues and mental unwellness are on the rise and taking their toll on individuals, families and society.

Furthermore, the World Economic Forum has estimated mental illness and mental unwellness will cost US$16.1trn (€13.5trn, £12.2trn) globally in 2030.

In response, the report argues mental wellness can provide strategies to help increase wellbeing and be used as a pathway to ease the financial burden caused by mental unwellness and illness – a point it hopes will incentivise governments and business to promote and invest into mental wellness.

“Clearly, the human suffering and economic dislocations caused by the pandemic have increased demands for mental wellness pathways and solutions on a global scale,” said co-authors Katherine Johnston and Ophelia Yeung.

“Not enough attention is paid globally to mental illness prevention and mental wellness promotion.

“Practices that improve our mental wellness don’t only lessen the symptoms of mental illness, but also reduce the risk of developing a mental illness,” they added.

The GWI has now added mental wellness as a new industry bubble to its Global Wellness Economy framework, which defines and measures the size of the US$4.5trn (€3.8trn, £3.4trn) global wellness economy.

Johnston shared that next year's research will focus on updating the framework diagram, which will hopefully show the impact of Coronavirus on the industry in a post-virus world with a vaccine.

The paper officially launched today on the first day of the annual Global Wellness Summit (GWS).
RELATED STORIES
Luxury hotel partners with sleep specialist to offer exclusive Sleep Concierge service


A boutique hotel in the heart of Chelsea, London, has unveiled a partnership with esteemed Harley Street hypnotherapist and sleep expert, Malminder Gill, to help its guests get a better night's sleep.
GWI’s Wellness Moonshot goes global, reaching six million people around the world


In 2017, the Global Wellness Institute (GWI) launched the Wellness Moonshot’ initiative – a global commitment by the GWI to eradicate preventable, chronic diseases.
2020 Shark Tank of Wellness competition winner hopes to help more people eat ‘food without fear’


The Global Wellness Summit (GWS) has announced Krysta Mendes Silva as the winner of its fifth annual Shark Tank of Wellness competition.
Global Wellness Summit 2021 to be hosted in Tel Aviv this November


The Global Wellness Summit (GWS) today announced its 2021 conference will take place in Tel Aviv, Israel, from November 15-18 at the Hilton Tel Aviv, set on the shores of the Mediterranean Sea.
MORE NEWS
Susie Ellis, Belgin Aksoy and Michael Roizen head up GWS' all-new podcast season
The Global Wellness Summit (GWS) has kicked off the sixth season of its wellness podcast which has recently been renamed Global Wellness Conversations (GWC).
New Deloitte report finds the health and fitness sector contributes up to US$91.22bn a year to global GDP
A new report by Deloitte, outlining the social and economic value of the global health and fitness industry, has been released by The Global Health & Fitness Alliance (GHFA), in collaboration with IHRSA.
Jacqueline Berry steps up to group director of spa and wellbeing at Miraval
Industry veteran Jacqueline Berry has been appointed group director of spa and wellbeing at Miraval. She will oversee the company's Life in Balance spas at Miraval Arizona, Miraval Austin and Miraval Berkshires.
Rosewood set to make Venetian debut following restoration of Hotel Bauer
Rosewood Hotels & Resorts is continuing its strategic global growth plan and will open its first property in Venice, Italy, in 2025.
Tuscan wine country inspires Hotel Le Fontanelle’s new nature-centric wellness sanctuary
A new spa and wellness retreat has launched at The Fontanelle Estate in Tuscany, a countryside property nestled among the rolling hills and vineyards of Italy’s Chianti wine region.
Good Spa Guide Awards name top UK spas following record-breaking voter turnout
The winners of the 13th annual Good Spa Guide Awards were announced last night (20 June) at industry conference Spa Life UK taking place this year in the Cotswolds.
+ More news   
 
COMPANY PROFILES
Comfort Zone

Comfort Zone’s comprehensive face and body range allows clients to experience memorable facials and [more...]
+ More profiles  
VIDEO GALLERY

Art of Cryo cryo chamber manufacturer | test and research center in Cologne
Here you see a tour of the Art of Cryo test and research center in Cologne. Find out more...
+ More videos  

DIRECTORY
+ More directory  
DIARY

 

25-27 Jun 2022

IECSC Las Vegas

Las Vegas Convention Center, Las Vegas, United States
27-28 Jun 2022

Medical Wellness Congress

St. Martins Spa & Lodge, Frauenkirchen, Austria
+ More diary  
 


CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS