Wellness Tourism Market to observe USD 315.47 Bn growth | North America to occupy 33% global market share

The global wellness tourism market is fragmented due to the presence of numerous regional and international players. The vendors are adopting various organic and inorganic growth strategies to gain an edge over their rivals. Technavio identifies Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. as dominant players in the market.

Although the growth in personal wellness awareness will offer immense growth opportunities, the perception of wellness tourism as luxury travel will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Wellness Tourism Market 2019-2024: Segmentation

Wellness Tourism Market is segmented as below:

  • Type
  • Application
    • Physical
    • Psychological
    • Spiritual
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

By type, the market observed maximum growth in the domestic wellness tourism segment in 2021. The increasing availability of various spa and beauty enhancement treatments within domestic regions is driving the growth of the segment. Similarly, by application, the physical segment will generate maximum opportunities for market players over the forecast period.

By geography, North America will emerge as the largest market for wellness tourism during the forecast period. The availability of spa treatments, anti-aging treatments, and the prevalence of a large fitness-conscious population are driving the growth of the wellness tourism market in North America. The US is the key market for wellness tourism in North America.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our wellness tourism market report covers the following areas:

Wellness Tourism Market 2019-2024: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the wellness tourism market. Backed with competitive intelligence and benchmarking, our research report on the wellness tourism market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Wellness Tourism Market 2019-2024: Key Highlights

  • CAGR of the market during the forecast period 2019-2024
  • Detailed information on factors that will assist wellness tourism market growth during the next five years
  • Estimation of the wellness tourism market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the wellness tourism market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of wellness tourism market vendors

Related Reports:

Wellness Real Estate Market by End-user and Geography – Forecast and Analysis 2021-2025

Corporate Wellness Market by Application and Geography Forecast and Analysis 2022-2026

Wellness Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2018

Forecast period

2019-2024

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2019-2024

USD 315.47 billion

Market structure

Fragmented

YoY growth (%)

6.43

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 33%

Key consumer countries

US, Germany, France, China, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Physical – Market size and forecast 2019-2024
  • Psychological – Market size and forecast 2019-2024
  • Spiritual – Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Domestic – Market size and forecast 2019-2024
  • International – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Aspira Spa
  • Clinique La Prairie
  • Gaia Retreat & Spa
  • Hand & Stone Franchise Corp.
  • HOT SPRINGS RESORT & SPA
  • Kempinski Hotels SA
  • Lanserhof GmbH
  • Marriott International Inc.
  • ME SPE Franchising LLC
  • Rancho La Puerta Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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