Global Wellness Toursim Market Revenues from the Market are Projected to Reach nearly US$ 1.3 Tn by 2026-End

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Tourism continues to represent the largest and fastest growing industry as it attracts tourists from various developed and developing countries. Increasing expenditure on tourism is expected to rev up demand for wellness tourism globally. In addition, customers prefer spending their income on luxurious services such as spa therapies and aromatherapy. As need to maintain health and well-being is increasing, demand for wellness tourism is expected to remain high. Prevalence of chronic diseases will also continue to propel demand for medical and wellness tourism.

According to Fact.MR, the global wellness tourism market is expected to represent a value of over US$ 1.3 Tn by the end of 2026.

Stressful Lifestyle to Boost Demand

Growing need to maintain health through various psychological, spiritual and physical activities has led to an upsurge in demand for spa therapies and relaxing treatments. Increasing demand for refreshing meditation, exercise, rejuvenating traditional therapies and healthy food is expected to rev up growth of the global wellness tourism market significantly. Fast-paced and stressful lifestyle leads to increasing body pain in joints and other parts of body. Customers prefer spending on various relaxing spa therapies in order to relieve and manage body pain. Growth of the global wellness tourism market will continue to remain bound to surge in demand for detoxification, de-stressing and pain management globally.

Chronic Diseases to Underscore Significant Growth Opportunities

Prevalence of chronic diseases such as arthritis, heart disease and obesity is expected to rev up demand for wellness tourism globally. According to CDC, 3 in 4 citizens in the U.S. who fall in the age bracket of 65 years and above have multiple chronic conditions including diabetes, high blood pressure and arthritis. Increasing demand for chronic care management has further led customers to spend on wellness tourism. Growing need for spa therapies including steam baths and sauna treatments that detoxify the system through skin and helps in reducing weight is expected to encourage customers to spend on wellness tourism and various therapies offered in the tourism package.

Sales through International Tourism to Remain High

Demand for domestic tourism will continue to remain high compared to international tourism in the global market. Attributed to reasonable prices of the travel packages, domestic tourism will continue to be more preferred. On the basis of tourism type, the domestic tourism segment is projected to represent robust revenue growth, recording more than US$ 3.2 Tn by 2026-end. On the other hand, the international tourism type segment is projected to reflect a healthy CAGR throughout the forecast period.

Market Players

Major players in the global market of wellness tourism are Allergan, Accor, Carlson Rezidor, Canyon Ranch, Fitpacking, Four Seasons, Hilton, Galderma, IHG, Hyatt, KPJ Healthcare, Ipsen, Miraval Resort & Spa, Marriott, Omni Hotels Management, Mövenpick, Rancho La Puerta, Pravassa, Starwood and Shangri-La.

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Table Of Content

1. Global Outlook

2. Global Wellness Tourism Market - Executive Summary

3. Global Wellness Tourism Market Overview
3.1. Introduction
3.1.1. Global Wellness Tourism Market Taxonomy
3.1.2. Global Wellness Tourism Market Definition
3.2. Global Wellness Tourism Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Wellness Tourism Market Y-o-Y Growth
3.3. Global Wellness Tourism Market Dynamics
3.4. Wellness Tourism Trips and Expenditures
3.5. Global Wellness Tourism Trips
3.6. PESTLE Analysis
3.7. Global Wellness Trips and Expenditures, by region
3.8. Top Twenty Wellness Tourism Markets
3.9. Leading Growth Markets for Wellness Tourism Trips
3.10. Wellness Tourism Spending Premiums
3.11. Economic Impacts of the Wellness Tourism Industry
3.12. Intensity Map

4. Global Wellness Tourism Market Analysis and Forecast 2012-2026
4.1. Global Wellness Tourism Market Size and Forecast By Tourism Type, 2012-2026
4.1.1. Domestic Tourism Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. International Tourism Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region

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Scope

The scope of Fact.MR’s report is to analyze the global wellness tourism market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis. Wellness tourism manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to wellness tourism.

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