Curated Content from the Global Wellness Institute | January 27, 2021
Global Wellness Summit Releases In-Depth Trends Report, “The Future of Wellness 2021”
GWI Researchers Take a Deep Dive into the Mental Wellness Economy Markets
The Wellness Moonshot Challenge – Fundraising to Fuel the Fight Against Preventable Diseases
Must-Reads from the Wellness World
The Global Wellness Summit yesterday released its top nine wellness trends for 2021. The 102-page report is authored by wellness industry thought leaders, researchers and trend spotters, and the trends represent the new directions that the GWS feels will have the most meaningful impact on the multitrillion global wellness industry.
Forecasting trends in the fast-evolving wellness space is daunting every year. In 2020, we experienced a global pandemic, economic meltdown, racial injustice, polarizing politics, and a mental wellness crisis that changed every aspect of human life. The pandemic made wellness radically more important to people overnight, while the coronavirus exposed the terrible human cost for not controlling chronic, underlying conditions, radically strengthening the case for preventative wellness. At the same time, there was accelerated fatigue with a wellness industry overly focused on elitist, hyper-trendy, evidence-free wellness solutions—which suddenly feel “so 2019.”
Wellness today is at a watershed moment. The trends report reflects how wellness is poised to take a bigger seat at the health care table (see “The Self-Care Revolution” trend). It predicts a future industry that will be more inclusive, accessible and affordable (see “Adding Color to Wellness,” “The Entertainment Industry Jumps into Wellness,” and “Just Breathe!” trends). How it will basically “get real” and more evidence-based (see “The Future of Immune Health: Stop Boosting, Start Balancing”)—and tackle tougher, more crucial human pain-points (see” “Money Out Loud: Financial Wellness Is Finding Its Voice”). And the report also predicts how wellness will continue to rewrite vast industries, from travel, to architecture and design, to the meetings industry.
At a recent press event, GWI researchers further expanded on its 2020 major research report: “Defining the Mental Wellness Economy,” the first study to size and analyze the multi-sector, global mental wellness market.
Said Sr. Researcher Ophelia Yeung, “COVID has brought mental health and wellness to the forefront of the global conversation, for obvious reasons. But even before COVID, our mental health situation was grim. Globally, more than 15% of people have diagnosed mental illness and substance abuse disorders, and some have estimated that this will cost the global economy 16 trillion dollars by 2030. But most importantly, poor mental health brings suffering to many people, families and communities, not only in a mental sense, but in poor outcomes in health, education, employment, and also poverty, homelessness, and even crime and incarceration.”
The presentation took a deep dive—the key companies and innovators—into the four sectors that make up the $121 billion Mental Wellness industry worldwide, which include self-improvement; meditation and mindfulness; brain-boosting nutraceuticals and botanicals; and senses, spaces and sleep.
This industry-defining research is available now for download here.
A new initiative to raise funds to support The Wellness Moonshot: A World Free of Preventable Disease has successfully launched with an initial donation of $100,000 from the Richard P. Woltman family. GWI Board of Director Richard P. Woltman, who is chair emeritus of Girard Securities Inc. and a financial industry leader and philanthropist committed to the health and sciences industry, will also act as fundraising chair for the project.
“Never in my lifetime has there been a more critical moment to stand up and take action to raise awareness of the importance of largely preventable chronic diseases. We are calling on companies large and small, private and public foundations, universities and individuals to sound the clarion call and unite in this crucial mission,” said GWI Chair and CEO Susie Ellis about the new challenge.
The Centers for Disease Control and Prevention (CDC) estimates that 69% of all deaths globally each year are the result of preventable diseases and that the global cost of largely preventable chronic diseases (cardiovascular disease, chronic respiratory disease, diabetes and more) could reach $47 trillion by 2030 (World Economic Forum, 2017).
Read the full press release here.
Traveling With a Purpose: For Some, It’s a 2021 Resolution – New York Times, January 21, 2021
How to be lucky – Psyche, January 21, 2021
Climate change will be sudden and cataclysmic. We need... – World Economic Forum, Jan. 19, 2021
I teach a course on happiness at Yale: this is how to make the most... – The Guardian, Jan. 8, 2021
A Striking Stat
78% of Americans say that wellness is now more important to them than ever.
- Mindbody’s 2021 Wellness Index