Global Wellness Tourism Market Size, Insights, Drivers, Opportunities, By Location (Domestic, International), By Service (Lodging, Food & Beverage, Shopping, Activities & Excursions, In-Country Transport, Other Services), By Travel Type (Primary, Secondary), By Region, Growth, Trends and Forecast from 2021 to 2027
Global Wellness Tourism Market Size, Insights, Drivers, Opportunities, By Location (Domestic, International), By Service (Lodging, Food & Beverage, Shopping, Activities & Excursions, In-Country Transport, Other Services), By Travel Type (Primary, Secondary), By Region, Growth, Trends and Forecast from 2021 to 2027
Historic years: 2015 to 2019 Base Year: 2020 Forecast Years: 2021 to 2027
Number of pages: 100 Category: Consumer Goods Report Id: MISCG5005
Market Insights
The global wellness tourism market was valued at USD 728.17 billion in 2019 and is estimated to reach a value of USD 1,289.51 billion in 2027. The market is analyzed to rise at a CAGR of 7.40% over the forecast period of 2021 to 2027. The rise in disposable income of the middle class population along with the rise in spending for the travel and personal well-being drives the growth of the wellness tourism market. The increasing concerns for a healthy lifestyle among the consumers have also been estimated to maintain the growth in the wellness tourism market over the forecast period. COVID-19 has created a heavy slowdown in wellness tourism industry. It has been observed that, overall tourism market faced a downfall of 60% in 2020. However, overall market is expected to have an exponential growth in 2021 and 2022.Global wellness tourism market size by region, 2019 (USD Billion)
Location Insights
Domestic location type is estimated to be the largest segment holding a share of about 67.63% share in the market. In 2019, the domestic location type market was estimated to be USD 458.57 billion and expected to reach USD 832.38 billion in 2027 with a CAGR of 6.38% over the period of 2021 to 2027. The rise in the number of weekend and short haul trips as compared to the long distant trips drives the growth of the segment over the forecast period. Moreover, the large average expenditures done on the international tourism makes to grow at a fastest growth of about 8.49% over the forecast period.Service Insights
Lodging service type is the largest segment and is expected to grow at a CAGR of 6.06% over the forecasted period of 2021 to 2027. The rising number of trips in different sectors such as spas, resorts, hotels and retreats in the lodging segment makes it to provide a higher demand in the market. The number of expenditures observed in the shopping industry anticipates being a fastest segment with a CAGR of 9.82% over the forecast period.Global wellness tourism market value share by location, 2027 (%) 
Regional Insights
As of 2019, North America accounts for the largest share in the wellness tourism market, with a share of over 39.42% of the global market. The larger inclination of the expenditures and trips towards the wellness industry in the countries such as U.S. and Canada provides the service, a reasonable demand from the global market. The rise of the U.S. currency as compared to the currency in the developing countries, directly impacting the expenditures through various services in the wellness tourism drives the growth of the market over the forecast period. The report is a thorough study which includes top companies, their annual presentations, industry publications, press releases and their drivers, opportunities, trends and the market understanding through different modes (Location, Service and Regional analysis) with growth factors and future expectancies in the wellness tourism market.Research Methodology
The following report consists of market analysis including both primary and secondary research. Primary research comprises the interaction between manufacturers, industry experts and channel partners, while the secondary research presents an analytical interpretation of relevant publications which contains details like proprietary databases, purchased database, company annual reports, and financial reports. For single, team and corporate user license, we will provide 15% free customization of the report. However, alternatively, if you are looking for additional data or insight related to the scope of the report, you may purchase the "Customized Research License". Please put an enquiry for the pricing details.About Us
Market Insight Solutions is a leading market research firm. We cater to a diverse portfolio of research campaigns. We are one of the fastest-growing research organization. Furthermore, we are led by an extensive team of individuals. In addition, our strategic insights aim at providing credible solutions. They specifically meet the requirements of brands globally. We also offer fact-based market studies serving across cross domains. In addition to this, we further help in identifying emerging market trends and dynamics This will assist your brand to cater to their services and products. We collaborate with top key industry experts across the globe to analyze market insightsSegments covered in the report
Location Outlook- Domestic
- International
- Lodging
- Food & Beverage
- Shopping
- Activities & Excursions
- In-Country Transport
- Other Services
- Primary
- Secondary
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Austria
- U.K.
- Netherlands
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Indonesia
- Central & South America
- Brazil
- Chile
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- All market trends, drivers and opportunities
- Analyzing the regional market for the growth factors, estimated analysis and its penetration to the global market
- The complete analysis of the parent market
- Top changes in the market dynamics
- Market opportunity assessment
- Detailed market segmentation and detailed analysis with the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Analysis of market share and developments
- Detailed company profiling of leading companies
- Opportunities to newer markets in global and regional markets
- Analysis of the trajectory line of the market
- Measures to consider for strengthening wellness tourism in the market
- COVID-19 impact in Wellness Tourism Market
