Wellness Now a $4.2 Trillion Industry

The world wellness market grew 12.8% in just the last two years: from a $3.7 trillion industry in 2015 to $4.2 trillion in 2017. That’s according to a new research report–the 2018 Global Wellness Economy Monitor–released today by the Global Wellness Institute. A little economic context? The wellness industry grew 6.4% annually, nearly twice as fast as global economic growth (3.6%) from 2015-2017. And the consumer spend on wellness ($4.2 trillion) is now more than half as much as total global health expenditures ($7.3 trillion). Every single one of the ten wellness sectors–from wellness tourism to fitness & mind-body to workplace wellness–clocked strong recent growth.

The report, which features more global, regional and national data and analysis than ever before, is available on the Global Wellness Institute website.

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News

Florida Extends License Renewal Date

Due to Hurricane Idalia’s devastating impact, license renewal deadlines have been pushed back for some professionals, including massage therapists and their businesses. Practitioners now have until October 2, 2023, to renew their professional and establishment licenses.

New Jersey, New Rules? Comment Before October 6!

The New Jersey Board of Massage and Bodywork Therapy issued proposed rules that would impact clinical education, continuing education, and devices that cause percussions or vibrations.

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Benefits

Featured ABMP Discount Partner: Spafinder

Spafinder has been a trusted resource for well-being and self-care for more than 30 years. With gift cards sold in 40,000 retail locations and more than 4 million Spafinder.com visitors annually, it’s a perfect additional revenue stream for your business. For a limited time, ABMP members can try Spafinder’s Enhanced listing for six months for only $2 per month (typically $79 per month). After that, members can continue receiving the benefits of this program at a reduced rate of $29 per month.

Podcast: Smart Phone, Dumb Biomechanics

In this episode of The ABMP Podcast, Kristin and Darren speak with David Lesondak about how smartphones affect the biomechanics of neck tilt and ergonomic considerations people can take to avoid excessive smartphone-related neck tilt.

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