Wellness Industry
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Wellness Industry
An industry that will impact almost every aspect of our lives and achieve $1 trillion in sales within next 10 years. We are now at the very beginning of the next trillion dollar industry – the Industry that will impact almost every aspect of our lives and achieve $1 trillion in sales within 10 years, but one that is as unknown today as the automobile industry was in 1908 or the personal computer industry was in 1981.
Wellness Industry - In the next 10 years, an additional $1 trillion of the U.S. economy will be devoted to the yet-unnamed wellness business – defined in the dictionary as "the quality or state of being in good health especially as an actively sought goal." Said Paul Zane Pilzer - the author of The Wellness Revolution: How to Make a Fortune in the Next Trillion Dollar Industry
Wellness Industry
The Baby Boomer Is The First Wellness Generation
Pilzer explains that wellness spending had already reached $200 billion a year by 2000. And this $200 billion represented just the tip of the iceberg for the industry over the next decade.
The current boom in wellness products and services is being driven by another boom that occurred between 1946-1964 baby boom generation – which represents about 28 percent of the U.S. population but accounts for about 50 percent of our $10 trillion economy. Boomers are just discovering the potential of this industry to preserve what they hold dearest: their youth. But even this is only the beginning, thanks to the nature of demand in our modern economy, to our current economic expansion due to advancing technology, and to our unlimited propensity to consume more wellness products and services once we have had a positive wellness experience Wellness Industry
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