How big is the health and wellness industry?

Question

Zippia Team · Accepted Answer

The health and wellness industry is worth $4.37 trillion. This is the global market's value as of 2020, and experts predict an annual growth rate of 9.9% as it comes out of the COVID-19 pandemic, which will turn into an estimated CAGR of 5.5% from 2021 to 2030.

The U.S.'s health and wellness industry is valued at $1.2 trillion, and it accounts for about 28% of the worldwide market.

The U.S.'s wellness spa industry alone is worth $15.1 billion and is the largest in the world, far eclipsing China's, which is worth just $6.3 billion. American spas had 124 million visits in 2020, which is 35% lower than the 192 million they saw in 2019.