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NEWS
Japan named world’s third biggest wellness economy, worth US$303 billion
POSTED 08 Sep 2023 . BY Megan Whitby
Japan joins the US and China as one of the world's top three leading wellness economies Credit: Shutterstock/lkunl

Credit: GWI
Japan is an amazing example of a sustainable, strong wellness economy
– Susie Ellis
Thw GWI has announced Japan's wellness economy is worth more than US$303 billion (£242.6 billion, €283 billion)
The most lucrative sectors include Personal Care and Beauty, Healthy Eating and Physical Activity
Wellness real estate and wellness tourism have also been pitched for future growth
Japan's spa industry is reportedly worth US$4.2 billion (£3.4 billion, €3.9 billion)
Japan has the third largest wellness economy globally – worth US$303 billion (£242.6 billion, €283 billion) – according to data from the Global Wellness Institute (GWI).

The new findings came to light after the GWI added Japan to its Geography of Wellness website. Launched last year, the platform is designed to offer more visibility into a country’s distinct wellness assets.

Findings show Japan ranks in the top five in all wellness sectors measured by the GWI;

• Personal Care and Beauty – US$105.9 billion (£84.7 billion, €98.8 billion).
• Healthy Eating – US$70.1 billion (£56.1 billion, €65.4 billion).
• Physical Activity – US$41 billion (£32.8 billion, €38.2 billion).
• Wellness Tourism – US$19.1 billion (£15.3 billion, €17.8 billion).
• Public Health, Prevention and Personalised Medicine – US$18.1 billion (£14.5 billion, €16.9 billion).
• Traditional and Complementary Medicine – US$16.7 billion (£13.3 billion, €15.5 billion).
• Wellness Real Estate – US$11.5 billion (£9.2 billion, €10.7 billion).
• Thermal and Mineral Springs – US$9.2 billion (£7.4 billion, €8.5 billion).
• Nutrition and Weight Loss – US$5.8 billion (£4.6 billion, €5.4 billion).
• Mental Wellness – US$5.8 billion (£4.6 billion, €5.4 billion).
• Workplace Wellness – US$4.7 billion (£3.8 billion, €2.4 billion).
• Spas – US$4.2 billion (£3.4 billion, €3.9 billion).

Growth opportunities include wellness real estate, which grew from US$2.5 billion (£2 billion, €2.3 billion) in 2017 to US$11.5 billion (£9.2 billion, €10.7 billion) in 2020.

The country’s wellness tourism economy is also robust with a total of 33.8 million wellness trips recorded, both inbound and domestic, with Japan’s rich thermal and mineral springs playing a strong role.

“Japan is an amazing example of a sustainable, strong wellness economy,” said Susie Ellis, GWI chair and CEO.

“Wellness is deeply embedded in the country's DNA: from its culture of healthy eating to its focus on both public health investment and traditional and complementary medicine.”

GWI partnered with Conceptasia and Fukui Wellness Collaboration to unveil the data.

Ellis added: “Partnerships like this allow our researchers to dive deeper into a specific country’s wellness economy data.

“The Geography of Wellness paints a robust picture, on a country-by-country basis, of how wellness businesses and activities can impact the overall economy.”

The platform gives key stakeholders in the 218 countries featured in GWI’s The Global Wellness Economy: Country Rankings a deeper dive into their country’s position in the various sectors and subsectors of the US$4.4tn (£3.6bn, €4.1bn) global wellness economy.

The US scoops the top spot for the world's largest wellness economy, worth US$1.2 trillion (€1.1 trillion, £994.3 billion), while China comes in second with a US$683 billion (£546.3 billion, €637.4 billion) wellness economy.

Japan is the latest in a growing number of countries featured on the microsite. Other countries with data available include Brazil, Singapore, Thailand, the UK, the US and Indonesia.

To learn more about Japan’s wellness economy, visit its dedicated Geography of Wellness page on the GWI website.
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News   Products   Magazine   Subscribe
NEWS
Japan named world’s third biggest wellness economy, worth US$303 billion
POSTED 08 Sep 2023 . BY Megan Whitby
Japan joins the US and China as one of the world's top three leading wellness economies Credit: Shutterstock/lkunl
Credit: GWI
Japan is an amazing example of a sustainable, strong wellness economy
– Susie Ellis
Thw GWI has announced Japan's wellness economy is worth more than US$303 billion (£242.6 billion, €283 billion)
The most lucrative sectors include Personal Care and Beauty, Healthy Eating and Physical Activity
Wellness real estate and wellness tourism have also been pitched for future growth
Japan's spa industry is reportedly worth US$4.2 billion (£3.4 billion, €3.9 billion)
Japan has the third largest wellness economy globally – worth US$303 billion (£242.6 billion, €283 billion) – according to data from the Global Wellness Institute (GWI).

The new findings came to light after the GWI added Japan to its Geography of Wellness website. Launched last year, the platform is designed to offer more visibility into a country’s distinct wellness assets.

Findings show Japan ranks in the top five in all wellness sectors measured by the GWI;

• Personal Care and Beauty – US$105.9 billion (£84.7 billion, €98.8 billion).
• Healthy Eating – US$70.1 billion (£56.1 billion, €65.4 billion).
• Physical Activity – US$41 billion (£32.8 billion, €38.2 billion).
• Wellness Tourism – US$19.1 billion (£15.3 billion, €17.8 billion).
• Public Health, Prevention and Personalised Medicine – US$18.1 billion (£14.5 billion, €16.9 billion).
• Traditional and Complementary Medicine – US$16.7 billion (£13.3 billion, €15.5 billion).
• Wellness Real Estate – US$11.5 billion (£9.2 billion, €10.7 billion).
• Thermal and Mineral Springs – US$9.2 billion (£7.4 billion, €8.5 billion).
• Nutrition and Weight Loss – US$5.8 billion (£4.6 billion, €5.4 billion).
• Mental Wellness – US$5.8 billion (£4.6 billion, €5.4 billion).
• Workplace Wellness – US$4.7 billion (£3.8 billion, €2.4 billion).
• Spas – US$4.2 billion (£3.4 billion, €3.9 billion).

Growth opportunities include wellness real estate, which grew from US$2.5 billion (£2 billion, €2.3 billion) in 2017 to US$11.5 billion (£9.2 billion, €10.7 billion) in 2020.

The country’s wellness tourism economy is also robust with a total of 33.8 million wellness trips recorded, both inbound and domestic, with Japan’s rich thermal and mineral springs playing a strong role.

“Japan is an amazing example of a sustainable, strong wellness economy,” said Susie Ellis, GWI chair and CEO.

“Wellness is deeply embedded in the country's DNA: from its culture of healthy eating to its focus on both public health investment and traditional and complementary medicine.”

GWI partnered with Conceptasia and Fukui Wellness Collaboration to unveil the data.

Ellis added: “Partnerships like this allow our researchers to dive deeper into a specific country’s wellness economy data.

“The Geography of Wellness paints a robust picture, on a country-by-country basis, of how wellness businesses and activities can impact the overall economy.”

The platform gives key stakeholders in the 218 countries featured in GWI’s The Global Wellness Economy: Country Rankings a deeper dive into their country’s position in the various sectors and subsectors of the US$4.4tn (£3.6bn, €4.1bn) global wellness economy.

The US scoops the top spot for the world's largest wellness economy, worth US$1.2 trillion (€1.1 trillion, £994.3 billion), while China comes in second with a US$683 billion (£546.3 billion, €637.4 billion) wellness economy.

Japan is the latest in a growing number of countries featured on the microsite. Other countries with data available include Brazil, Singapore, Thailand, the UK, the US and Indonesia.

To learn more about Japan’s wellness economy, visit its dedicated Geography of Wellness page on the GWI website.
RELATED STORIES
US is world’s top wellness economy – worth $1.2trn, reports GWI


The Global Wellness Institute (GWI) has penned a new report about the US wellness economy after partnering with the National Academy of Sports Medicine (NASM).
MORE NEWS
The Well names Zeev Sharon chief development officer and announces plans for Swiss debut
Modern US wellness brand The Well has promoted Zeev Sharon, formerly VP of real estate, to chief development officer.
QC New York to unveil 15,000sq ft multimillion-dollar expansion in July
QC New York, a luxury Italian day spa on Governors Island, will expand its offering this July by adding an extra 15,000sq ft of space. This new area will feature sensory saunas, waterfalls, a salt room, an ice room, a lavender room, a 142-seat bistro and a waterbed relaxation room.
Wellness real estate market booming – forecast to reach $913bn by 2028, reports GWI
The Global Wellness Institute (GWI) has released promising new research on the wellness real estate market at its third-annual Wellness Real Estate & Communities Symposium in Manhattan.
Banyan Group appoints Paul Hawco to spearhead wellness strategy
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+ More catalogues  

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18-22 May 2024

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The Ravenala Attitude Hotel, Mauritius
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European Health Prevention Day

Large Hall of the Chamber of Commerce (Erbprinzenpalais), Wiesbaden, Germany
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ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
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