Global Health and Wellness Tourism Report 2017: Medical and Spa Inbound Tourism Flows and Expenditure - ResearchAndMarkets.com

DUBLIN--()--The "Global Health and Wellness Tourism: Medical and Spa Inbound Tourism Flows and Expenditure" report has been added to ResearchAndMarkets.com's offering.

The market is set to grow at a CAGR of 4.9% from 2017-2021, with total inbound spending reaching US$310.5 million by 2021

Global spa tourism market is booming, the total spending of inbound spa visits globally to US$ 22.2 Billion in 2016 (based on an assessment of trends in the major markets).

Rising disposable income in emerging economies continues to be the main driver of spa tourism, supported by hectic lifestyles and work pressures, which drive the need to de-stress.

Tourism is benefiting from growing consumer interest in health and wellness, with a growing number of medical and spa destinations appearing across the globe. While medical tourism is driven largely by greater affordability of higher quality services and the reducing costs of travel, spa tourism is supported by a more pervasive trend of experiential consumption and permissible indulgences (the idea that it is okay' to spend money on wellness), a need for an antidote to the stresses of modern life, as well as increased exposure to such concepts as they gain ground globally.

Inbound medical tourism refers to people traveling to a country other than their own, whose primary purpose of travel is to receive medical treatment. The global industry is expanding as many countries; especially emerging economies, are promoting it. Furthermore, low transportation costs due to growing presence of low cost carriers and availability of useful information related to medical tourism are driving its growth.

In 2016, Europe was the largest inbound tourism market globally, driven by its holistic wellness concept, where the spa industry goes beyond spa treatments to also include traditional medicines, nutrition, fitness, and high-tech beauty. Spain, Italy, and France are driving the region's dominance. However, considering the total number of spas, Asia-Pacific leads (followed by Europe) as treatment in Asia-Pacific is significantly more affordable than other regions. Thailand is a key market in the Asia-Pacific and is a hot destination for budget travelers from within the region.

Key Topics Covered:

1. Snapshot

Wellness Tourists

Medical Tourism

Spa Tourism

2. Medical Tourism

Key Market Trends and Challenges

Inbound Medical Tourism

US

Thailand

Malaysia

Poland

Singapore

Mexico

Emerging Medical Tourism Destinations

3. Spa Tourism

Key Market Trends and Challenges

Inbound Spa Tourism

US

Thailand

Spain

France

4. Case Studies

Metro Pavia Clinic, Puerto Rico

Sunway Medical Centre, Malaysia

Spa Eastman, Canada

5. Appendix

For more information about this report visit https://www.researchandmarkets.com/research/8547tz/global_health_and?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Healthcare Services, Medical Tourism, Fitness Centers and Health Clubs

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Healthcare Services, Medical Tourism, Fitness Centers and Health Clubs