Headlines in the Global Wellness Economy

Global Wellness News™ | April 20th, 2023

Lululemon Is Exploring a Sale of Mirror Fitness Unit It Bought in 2020

Lululemon Athletica Inc. is exploring a sale of Mirror, the fitness-equipment maker it acquired for $500 million
in 2020, according to people with knowledge of the matter.
Read the article on Bloomberg >

Define Ventures Raises $460 Million For Early-Stage Digital Health Investments

Define Ventures has raised $460 million across two funds to invest in early-stage digital health startups. The move comes as the venture capital industry has been grappling with the fallout from the Silicon Valley Bank collapse, inflation and an overall retrenchment in deal volume and size.

Teladoc starts telehealth services for weight management, diabetes prevention

April 18 (Reuters) – Teladoc Health Inc (TDOC.N) said on Tuesday it was expanding its telehealth services to weight management and prediabetes programs, including prescribing new weight-loss medications. So far, it was providing doctor-based services to diabetes and hypertension patients only, but will now cater to a large market with new diabetes and weight loss medications as well, Teladoc said.

Femtech market to reach $20bn by 2030

The global femtech market will reach over $20bn by 2030 driven by technology advances and a growing awareness of the unmet healthcare needs of women. The global femtech market was valued at $5.79bn in 2022. According to Fortune Business Insights, the market will grow from $6.69bn in 2023 to $20.59bn by 2030, representing a compound annual growth rate of 17.4%.

Peloton, Hilton Expand International Partnership

Hilton and Peloton are expanding their partnership. The deal will see smart bikes added to hotels in Puerto Rico, Germany, the UK, and participating Canadian properties. Going global. This news follows last year’s agreement to put at least one Peloton Bike in each of Hilton’s 5.4K US-based hotels.

Marvel’s new fitness app Marvel Move brings superheroes to your workout routine

Marvel announced its new mobile fitness app, Marvel Move, featuring immersive audio-based running routines with popular characters.

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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