Sun-Up To Sun-Down: How The Wellness Economy Is Affecting Your Daily Routine
Many factors are contributing to the growth of the $4.2T wellness economy.
Notably, millennials are more lifestyle-focused, placing a greater value on health and wellness over material goods than ever before. According to Eventbrite data, 78% of millennials would choose to spend money on a desirable experience over buying physical goods.
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Consumers are increasingly seeking products and experiences that promote well-being and healthy habits. Get a data-driven look at the wellness economy.
There are also broad concerns over the US healthcare system — specifically that traditional medicine is gender-biased and that patients aren’t always treated holistically.
Simultaneously, wellness has become a kind of religion for some consumers, leading to the rise of nontraditional sources for creating healthier, happier, and more balanced lifestyles.Read More
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CB Insights analyzes data on private companies in emerging industries to provide predictive intelligence on company health and strategy, investor performance and technology adoption trends. They aggregate and analyze massive amounts of data and use machine learning, algorithms and data visualization to help corporations replace search engines, and corporate financial institutes, so they can answer massive strategic questions using probability not punditry. With backing from the National Science Foundation and venture capital investors, CB Insights mines terabytes of data and knowledge contained in patents, venture capital financings, M&A transactions, hiring, startup and investor websites, news sentiment, social media chatter, hiring activity and more.