Australia Emerges as a Leading Player in the Global Wellness Economy
The Global Wellness Institute (GWI), a respected non-profit research organization focused on the wellness industry, has released its inaugural report on Australia's wellness economy. This report demonstrates Australia's significant role in the global wellness market, revealing a remarkable growth rate of 10.9% from 2022 to 2023, bringing the total value of the wellness economy to an impressive US$126.7 billion.
GWI defines the wellness economy as encompassing various industries enabling consumers to integrate wellness practices into their everyday routines. Australia has established itself as the fourth largest wellness economy in the Asia Pacific region and stands at 10th globally in terms of size. Additionally, Australia ranks seventh in per capita spending on wellness, with an average of US$4,824 spent per person.
From 2019 to 2023, Australia’s wellness economy has grown at an average annual rate of 7.5%, showcasing a significant uptick in various sectors. Key areas contributing to this growth include:
In just a few years, Australia has risen in global rankings from the 13th position in 2019 to the 10th in 2023. Susie Ellis, GWI’s Chair and CEO, expressed her excitement about sharing these findings, attributing Australia’s success to its beautiful landscapes, a burgeoning wellness real estate market, and its strong tradition of fitness. Ellis stated, "It’s no surprise that Australia ranks in the top 10 wellness economies globally, and we are thrilled to present this data along with Anytime Fitness, which helps illuminate the scale, strength, and opportunities within Australia’s wellness sector."
The report highlights that wellness real estate is one of the most influential segments in Australia's wellness economy. Valued at US$25.7 billion in 2023, Australia ranks second in the Asia-Pacific region behind China and fourth globally in wellness real estate. Innovative wellness communities promoting social connections and sustainable living within residential developments are proliferating.
Simon Thompson, Managing Director of Anytime Fitness, shared his perspective on the report. He emphasized that despite Australia's relatively small population, its global ranking of 10th and regional ranking of 4th underscores a growing commitment to healthier lifestyles. He remarked, "Our ambition is to be the most welcoming and inclusive gym network in the country. This report is pivotal in showcasing the broader wellness sector in Australia."
With the health and wellness landscape continuing to unfold and evolve, Australia's commitment to enhancing the quality of life for individuals is clear. The initiatives backed by GWI provide important insights that can help stakeholders understand and navigate the growing wellness industry. For further details about the wellness economy in Australia, readers are encouraged to visit the dedicated Geography of Wellness page on the GWI website.
About Global Wellness Institute (GWI)
Founded in 2014, GWI serves as the leading research organization in the wellness industry. They focus on providing in-depth data and analysis, guiding impactful policy changes, and driving major industry initiatives.
About Anytime Fitness
Anytime Fitness boasts nearly 600 clubs in Australia, serving a membership base of nearly 720,000. Their efforts aim to encourage physical activity among Australians while fostering healthy lifestyles within their communities.
GWI defines the wellness economy as encompassing various industries enabling consumers to integrate wellness practices into their everyday routines. Australia has established itself as the fourth largest wellness economy in the Asia Pacific region and stands at 10th globally in terms of size. Additionally, Australia ranks seventh in per capita spending on wellness, with an average of US$4,824 spent per person.
From 2019 to 2023, Australia’s wellness economy has grown at an average annual rate of 7.5%, showcasing a significant uptick in various sectors. Key areas contributing to this growth include:
- - Wellness Tourism: A significant rise of 32.9% has repositioned wellness tourism as a mainstay of Australia’s vibrant wellness sector.
- - Thermal and Mineral Springs: This sector has seen a robust increase of 21.5%, highlighting the country’s natural attractions.
- - Wellness Real Estate: An increase of 13.9% points to Australia’s focus on creating homes that promote healthy living.
- - Mental Wellness: With a growth rate of 10.1%, there’s a rising awareness and prioritization of mental health in lifestyle choices.
- - Physical Activity: Growth in this area is at 9.4%, reflecting a broader cultural shift towards fitness and well-being.
In just a few years, Australia has risen in global rankings from the 13th position in 2019 to the 10th in 2023. Susie Ellis, GWI’s Chair and CEO, expressed her excitement about sharing these findings, attributing Australia’s success to its beautiful landscapes, a burgeoning wellness real estate market, and its strong tradition of fitness. Ellis stated, "It’s no surprise that Australia ranks in the top 10 wellness economies globally, and we are thrilled to present this data along with Anytime Fitness, which helps illuminate the scale, strength, and opportunities within Australia’s wellness sector."
The report highlights that wellness real estate is one of the most influential segments in Australia's wellness economy. Valued at US$25.7 billion in 2023, Australia ranks second in the Asia-Pacific region behind China and fourth globally in wellness real estate. Innovative wellness communities promoting social connections and sustainable living within residential developments are proliferating.
Simon Thompson, Managing Director of Anytime Fitness, shared his perspective on the report. He emphasized that despite Australia's relatively small population, its global ranking of 10th and regional ranking of 4th underscores a growing commitment to healthier lifestyles. He remarked, "Our ambition is to be the most welcoming and inclusive gym network in the country. This report is pivotal in showcasing the broader wellness sector in Australia."
With the health and wellness landscape continuing to unfold and evolve, Australia's commitment to enhancing the quality of life for individuals is clear. The initiatives backed by GWI provide important insights that can help stakeholders understand and navigate the growing wellness industry. For further details about the wellness economy in Australia, readers are encouraged to visit the dedicated Geography of Wellness page on the GWI website.
About Global Wellness Institute (GWI)
Founded in 2014, GWI serves as the leading research organization in the wellness industry. They focus on providing in-depth data and analysis, guiding impactful policy changes, and driving major industry initiatives.
About Anytime Fitness
Anytime Fitness boasts nearly 600 clubs in Australia, serving a membership base of nearly 720,000. Their efforts aim to encourage physical activity among Australians while fostering healthy lifestyles within their communities.
Topics Health）
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