As per this study the Global Wellness Tourism Market was valued USD 600 BN (by revenue) in 2017 and is anticipated to reach USD 995.4 BN by 2024 with a CAGR of 7.5%.
 
Nowadays, traveling places and facilities such as hospitals, clinics, wellness SPAs, fitness centers, and wellness resorts to enhance the mental, as well as physical health, is a part of the lifestyle of the consumers. This changes in behaviors have made way for wellness tourism which involves the improvement of health and personal well-being via psychological, physical, and spiritual activities. This industry also serves for various industries such as transport, lodging, food & beverage, shopping, and others.
 
Objectives of the Study:

• Define and measure the global wellness tourism market
• Revenue forecast of the global wellness tourism market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Growth in the global middle class and changing the lifestyle of people owing to hectic routine is predicted to drive the industry growth. Also, rising cases of obesity and chronic diseases among people around the globe further fuels the growth. However, high cost associated with the facility is likely to hinder the market growth. Nevertheless, the enhancement of ecotourism, cultural tourism, and sports tourism is likely to create many new opportunities for the market.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of wellness tourism.
 
Market Segmentation
 
The broad wellness tourism market has been sub-grouped into Service Type and Location. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Location Market Share 2017
 

 
By Service Type

• Transport
• Lodging
• Food & Beverage
• Shopping
• Others (Telecom, Insurance, and Travel Agencies)

 
By Location

• Domestic
• International

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for wellness tourism in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Wellness Tourism Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the wellness tourism market include AccorHotels, Canyon Ranch, Carlson Rezidor Hotel Group, Four Seasons Hotels Ltd., Hilton Worldwide Holdings Inc., Hyatt Corporation, Marriott International, Inc., Omni Hotels & Resorts, PRAVASSA, and Rancho La Puerta Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.