Wellness tourism market size to grow by USD 327.56 billion from 2021 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global wellness tourism market size is estimated to increase by USD 327.56 billion from 2021 to 2026. The market's growth momentum will accelerate at a CAGR of 7.55% during the forecast period - request a sample report

Global wellness tourism market – Vendor analysis
Vendor offerings -

• Accor SA - The company offers solutions for wellness tourism, providing treatments such as spas, body treatments, and hot-spring cures.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global wellness tourism market is fragmented, with the presence of several vendors. A few prominent vendors that offer wellness tourism in the market are Accor SA, Cal A Vie Health Spa, Canyon Ranch, Clinique La Prairie, Four Seasons Hotels Ltd., Gaia Retreat and Spa, Hand and Stone Massage and Facial Spa, HOT SPRINGS RESORT and SPA, Hyatt Hotels Corp., Jade Mountain, Kempinski Hotels SA, Lanserhof Management GmbH, Marriott International Inc., Osthoff Resort, PRAVASSA, Rancho La Puerta Inc., Red Carnation Hotels UK Ltd., Six Senses Hotels Resorts Spas, The Mineral Spa, and Woodhouse Day Spas LLC and others.

The market players compete primarily on the basis of factors such as price, government licensing, service portfolio, quality, brand, and safety measures. They are also adopting various marketing strategies to increase their market shares. The competition among vendors is expected to increase during the forecast period. Wellness tourism organizations invest in designing, planning, developing, branding, expanding their existing products and service portfolios and acquiring new players in the market. The revenue growth of the global wellness tourism market is expected to rise during the forecast period as market players will expand their presence in areas with low penetration rates.

Global wellness tourism market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global wellness tourism market - Segmentation assessment

Segment overview
Technavio has segmented the market based on application (physical, psychological, and spiritual) and type (domestic and international). 

• The physical segment will grow at a significant rate during the forecast period. Rapid urbanization and technological advances have led to a sedentary lifestyle. This can increase the prevalence of chronic diseases among the youth. Lack of exercise or physical activity, poor nutrition, and other harmful habits are the major causes of chronic diseases. These factors will drive the growth of the segment during the forecast period.

Geography overview
Based on geography, the global wellness tourism market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global wellness tourism market.

• North America will account for 32% of the market's growth during the forecast period. The US is the key contributor to the wellness tourism market in the region. However, market growth in this region will be slower than the growth of the market in other regions. The availability of spa treatments, the popularity of anti-aging treatments, and the rising fitness consciousness will drive the wellness tourism market growth in North America during the forecast period.

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Global wellness tourism market – Market dynamics

Leading drivers - The increase in incidence of mental illnesses is driving the market's growth. Stress, fear, anxiety, depression, and insomnia are some of the most common mental health issues. They can adversely affect physical health and lead to chronic disorders such as obesity, diabetes, heart diseases, and cancer if not addressed in the initial stages. Hence, awareness about healthy lifestyles is increasing among the youth. Companies are also adopting wellness programs to reduce work-related stress among employees. In addition, governments and other organizations are making efforts to create awareness about the identification and treatment of these illnesses. These factors will fuel the market's growth during the forecast period.

Key trends - The emergence of online wellness aggregators is a key trend in the market. The penetration of the Internet enables small online firms to aggregate information about wellness travel and accommodation. This would boost the growth of hotels and other wellness centers. Customers can access information online and select the required services based on the reviews of a particular service or wellness center. These factors are expected to support the global wellness tourism market in the future.

Major challenges - The perception of wellness tourism as a luxury will challenge the wellness tourism market during the forecast period. Wellness and recreational activities such as mineral spas, sports, and spiritual practices that involve personal rejuvenation are considered expensive. Moreover, the competition in the industry has increased, with the rising awareness about health and wellness. These factors will hinder the growth of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this wellness tourism market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the wellness tourism market between 2022 and 2026
• Precise estimation of the size of the wellness tourism market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the wellness tourism market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of wellness tourism market vendors

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 25: Chart on Application - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 27: Chart on Comparison by Application
• Exhibit 28: Data Table on Comparison by Application

• 5.3 Physical - Market size and forecast 2021-2026
• Exhibit 29: Chart on Physical - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Physical - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Physical - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Physical - Year-over-year growth 2021-2026 (%)

• 5.4 Psychological - Market size and forecast 2021-2026
• Exhibit 33: Chart on Psychological - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Psychological - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Psychological - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Psychological - Year-over-year growth 2021-2026 (%)

• 5.5 Spiritual - Market size and forecast 2021-2026
• Exhibit 37: Chart on Spiritual - Market size and forecast 2021-2026 ($ billion)
• Exhibit 38: Data Table on Spiritual - Market size and forecast 2021-2026 ($ billion)
• Exhibit 39: Chart on Spiritual - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Spiritual - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application 
• Exhibit 41: Market opportunity by Application ($ billion)

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 42: Chart on Type - Market share 2021-2026 (%)
• Exhibit 43: Data Table on Type - Market share 2021-2026 (%)

• 6.2 Comparison by Type 
• Exhibit 44: Chart on Comparison by Type
• Exhibit 45: Data Table on Comparison by Type

• 6.3 Domestic - Market size and forecast 2021-2026
• Exhibit 46: Chart on Domestic - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Domestic - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Domestic - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Domestic - Year-over-year growth 2021-2026 (%)

• 6.4 International - Market size and forecast 2021-2026
• Exhibit 50: Chart on International - Market size and forecast 2021-2026 ($ billion)
• Exhibit 51: Data Table on International - Market size and forecast 2021-2026 ($ billion)
• Exhibit 52: Chart on International - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on International - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Type 
• Exhibit 54: Market opportunity by Type ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 56: Chart on Market share by geography 2021-2026 (%)
• Exhibit 57: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 58: Chart on Geographic comparison
• Exhibit 59: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 60: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 61: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 62: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 64: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 65: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 66: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 APAC - Market size and forecast 2021-2026
• Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 Germany - Market size and forecast 2021-2026
• Exhibit 84: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.10 France - Market size and forecast 2021-2026
• Exhibit 88: Chart on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on France - Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on France - Year-over-year growth 2021-2026 (%)

• 8.11 China - Market size and forecast 2021-2026
• Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.12 Japan - Market size and forecast 2021-2026
• Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
• Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 100: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 101: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 102: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 103: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 104: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 105: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 106: Matrix on vendor position and classification

• 11.3 Accor SA 
• Exhibit 107: Accor SA - Overview
• Exhibit 108: Accor SA - Business segments
• Exhibit 109: Accor SA - Key offerings
• Exhibit 110: Accor SA - Segment focus

• 11.4 Cal A Vie Health Spa 
• Exhibit 111: Cal A Vie Health Spa - Overview
• Exhibit 112: Cal A Vie Health Spa - Product / Service
• Exhibit 113: Cal A Vie Health Spa - Key offerings

• 11.5 Canyon Ranch 
• Exhibit 114: Canyon Ranch - Overview
• Exhibit 115: Canyon Ranch - Product / Service
• Exhibit 116: Canyon Ranch - Key offerings

• 11.6 Clinique La Prairie 
• Exhibit 117: Clinique La Prairie - Overview
• Exhibit 118: Clinique La Prairie - Product / Service
• Exhibit 119: Clinique La Prairie - Key offerings

• 11.7 Four Seasons Hotels Ltd. 
• Exhibit 120: Four Seasons Hotels Ltd. - Overview
• Exhibit 121: Four Seasons Hotels Ltd. - Product / Service
• Exhibit 122: Four Seasons Hotels Ltd. - Key offerings

• 11.8 Gaia Retreat and Spa 
• Exhibit 123: Gaia Retreat and Spa - Overview
• Exhibit 124: Gaia Retreat and Spa - Product / Service
• Exhibit 125: Gaia Retreat and Spa - Key offerings

• 11.9 Hand and Stone Massage and Facial Spa 
• Exhibit 126: Hand and Stone Massage and Facial Spa - Overview
• Exhibit 127: Hand and Stone Massage and Facial Spa - Product / Service
• Exhibit 128: Hand and Stone Massage and Facial Spa - Key offerings

• 11.10 HOT SPRINGS RESORT and SPA 
• Exhibit 129: HOT SPRINGS RESORT and SPA - Overview
• Exhibit 130: HOT SPRINGS RESORT and SPA - Product / Service
• Exhibit 131: HOT SPRINGS RESORT and SPA - Key offerings

• 11.11 Jade Mountain 
• Exhibit 132: Jade Mountain - Overview
• Exhibit 133: Jade Mountain - Product / Service
• Exhibit 134: Jade Mountain - Key offerings

• 11.12 Osthoff Resort 
• Exhibit 135: Osthoff Resort - Overview
• Exhibit 136: Osthoff Resort - Product / Service
• Exhibit 137: Osthoff Resort - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 140: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 12.5 List of abbreviations 
• Exhibit 144: List of abbreviations

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