Headlines in the Global Wellness Economy

Global Wellness News™ | January 12th, 2023

What to Watch: The Wellness Boom

Consumer commitment to wellness is growing like never before. According to The Global Institute of Wellness, the global market is expected to reach $7 trillion by 2025, with personal care and beauty leading as the largest sector.

Metaverse ventures bring smell and taste to virtual reality at CES 2023: ‘At least you can feel something’

Is the metaverse closer than we think? It depends on who you ask at CES, where companies are showing off innovations that could immerse us deeper into virtual reality, otherwise known as VR. The metaverse – essentially a buzzword for three-dimensional virtual communities where people can meet, work and play – was a key theme during the four-day tech gathering in Las Vegas that ends Sunday.

Glowbar Closes $10 Million Series A Funding Round

Glowbar, the skincare brand whose custom 30-minute, $65 clinical-grade facial has made it a breakout success in New York, has received a $10 million growth investment led by Peterson Partners, a Salt Lake City-based firm whose investments have included Allbirds, solidcore, Bonobos, Rails Clothing, and Madison Reed.
Read the article on Beauty Matter>

CES 2023 proved that screenless smartwatches are the future of fitness

Smartwatches are becoming stylish. For many years we’ve seen technologically advanced examples of the best smartwatches and best fitness trackers, capable of doing all sorts of amazing things, but whose designs have come up short next to the more elegant form of many analog watches.

Kohler steps into wellness with Sprig, for a mood-boosting bathroom experience

Kohler’s ever-growing repertoire of luxury bath and kitchen wares is pushing confidently into smart home territory, spanning from personalised showering to intelligent toilets.

‘Simplified Life’, Self Care and Hyperlocalization Among China’s Top Lifestyle Trends For 2023 | Jing Daily

A report by Xiaohongshu and Chinese Academy of Social Sciences’ Institute of Sociology reveals popular and rapidly growing trends in China based on diverse user data gathered from the platform in 2022. Based on its 158 million monthly active users, mostly younger and female, the report forecasts consumer sentiment for the coming year.

Wisdo Health Completes its Series A Financing Round with $5M in New Funding by Healthcare Disruptors

Wisdo Health, the award-winning peer support platform with the mission of ending the loneliness epidemic and changing social health, announced that it has successfully closed its Series A Financing Round with $5M in new funding. This additional funding closes Wisdo’s $11M A round.
Read the article on PRweb>

Curated Global Wellness News is posted every Tuesday and Thursday on the Industry News section of the GWS website. Sign up to receive weekly industry news, trends and updates from the Global Wellness Summit. 

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