The Global Wellness Institute (GWI), the leading research organisation for the global wellness industry, released the first detailed measurement of the United Kingdom’s total wellness economy and its eleven wellness sectors, while also showing the trajectory of the market from 2019 to 2022.
The report shows that the UK’s wellness market reached $224 billion in 2022, ranking fifth in the world (behind the US, China, Germany and Japan) and punching way above its population of roughly 69 million, which ranks 21st globally.
The big story emerging from the data is that the UK is a world leader in the growth of its wellness market since the pandemic. In 2022, its wellness industry reached 131% of its pre-pandemic (2019) market value, ranking first globally. The UK was also one of the two fastest-growing wellness markets (among the top-25 markets) since 2020, growing 19.4% annually, trailing only Mexico at 25.2%. The fastest-growing UK wellness sectors (annual growth rates, 2020-2022) are wellness tourism at 79%; public health, prevention and personalized medicine at 45%; and wellness real estate at 26%. The slowest growing market was workplace wellness at minus 4.1%.
The report is filled with information, including the unique composition of the UK wellness economy, with its strikingly large physical activity ($50.4 billion) and public health/prevention/personalized medicine ($44.9 billion) markets. The report is the latest installment in the GWI’s Geography of Wellness platform, where governments and companies support a deep dive into a nation’s wellness market. This new report is created in partnership with Kohler Co., the global leader in the design, innovation and manufacture of kitchen and bath products for 150 years.
Access the free report HERE.
11th Oct 2024
Global Wellness Institute Releases Report on the UK’s $224 Billion Wellness Economy
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