Wellness Tourism Market Size, Share & Trends Analysis Report by Type, by Application, by Region, and Segment Forecasts, 2020 - 2024

·7-min read

Technavio has been monitoring the wellness tourism market and it is poised to grow by USD 315.47 billion during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Wellness Tourism Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the wellness tourism market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions-

  • Based on segmentation by type, which is the leading segment in the market?

  • The domestic segment is expected to be the leading segment based on type in the global market during the forecast period.

  • What are the major trends in the market?

  • Emergence of online wellness aggregators is one of the major trends in the market.

  • At what rate is the market projected to grow?

  • Growing at a CAGR of over 7%, the incremental growth of the market is anticipated to be USD 315.47 billion.

  • Who are the top players in the market?

  • 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. are some of the major market participants.

  • What are the key market drivers and challenges?

  • Growth in personal wellness awareness is one of the major factors driving the market. However, the perception of wellness tourism as a luxury travel market restraints the market growth.

  • How big is the North America market?

  • The North America region will contribute to 33% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants. The growth in personal wellness awareness will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this wellness tourism market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Wellness Tourism Market 2020-2024: Segmentation

Wellness Tourism Market is segmented as below:

  • Type

    • Domestic

    • International

  • Geography

    • North America

    • Europe

    • APAC

    • South America

    • MEA

  • Application

    • Physical

    • Psychological

    • Spiritual

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44998

Wellness Tourism Market 2020-2024: Scope

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

  • Wellness Tourism Market Size

  • Wellness Tourism Market Trends

  • Wellness Tourism Market Analysis

This study identifies the emergence of online wellness aggregators as one of the prime reasons driving the wellness tourism market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Wellness Tourism Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • 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

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 focuses 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.

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