The Global Wellness Institute (GWI), a nonprofit research organization, released a new data report yesterday at the third annual Wellness Real Estate & Communities Symposium in New York.
The report reveals that wellness real estate has been the fastest-growing market in the 11-sector wellness economy in recent years, surging from $225 billion in 2019 to $438 billion in 2023. This signifies a 18 percent growth rate in comparison to the five percent annual growth rate for overall global construction.
With the pandemic accelerating the importance of wellness spaces, the GWI forecasts that the market will grow more than 15 percent annually from 2023 to 2028, when it will approach the trillion-dollar mark ($913 billion).
