LONDON--(BUSINESS WIRE)--The wellness tourism market is expected to grow by USD 315.47 billion, progressing at a CAGR of over 7% during the forecast period.
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The growth in personal wellness awareness is one of the major factors propelling the market growth. However, factors such as increasing competition and hoaxes will hamper growth.
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Wellness Tourism Market: Type Landscape
Based on the type, the market saw maximum growth in the domestic segment in 2019. The growth of the segment is driven by the increased preference for affordable facilities in close proximity rather than long-distance retreats in a different country. The market growth in the segment will be significant over the forecast period.
Wellness Tourism Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 33% of the market’s overall growth is expected to originate from North America. Factors such as the availability of spa treatments, anti-aging treatments, and the prevalence of a large fitness-conscious population are driving the market growth in the region.
The US is the key market for wellness tourism in North America. Market growth in this region will be slower than the growth of the market in APAC, South America, and MEA.
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Companies Covered:
- 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.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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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Key Topics Covered:
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
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