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Global Wellness Tourism Market 2020-2024 | Insights on Key Performing Segments and Regions | Technavio

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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Technavio has announced its latest market research report titled Global Wellness Tourism Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Wellness Tourism Market 2020-2024 (Graphic: Business Wire)

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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.

More details: https://www.technavio.com/report/wellness-tourism-market-industry-analysis

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

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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