[ad_1]
NEW YORK, Aug. 5, 2022 /PRNewswire/ — Technavio has been monitoring the Wellness Tourism Marketoperating under the Consumer Discretionary market. The latest report expects the market to register an incremental growth of USD 327.56 billion, at a CAGR of 7.55% during the forecast period.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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., Red Carnation Hotels UK Ltd., Six Senses Hotels Resorts Spas, The Mineral Spa, and Woodhouse Day Spas LLC are among some of the major market participants. Request Free Sample Report.
The increase in mental illness has been instrumental in driving the growth of the market. However, the Perception of wellness tourism as a luxury travel market might hamper the market growth.
Wellness Tourism Market Segmentation
The wellness tourism market share growth by the physical segment will be significant during the forecast period. At present, urbanization and the domination of technology over many physical activities have led to a sedentary lifestyle. It has been noted that the lack of exercise or physical activity, poor nutrition, and other harmful habits are the major causes of chronic diseases. Buy Sample Report.
This report provides an accurate prediction of the contribution of all the segments to the growth of the superfood powders market size.
- Application
- Physical
- Psychological
- Spiritual
- Type
- Domestic
- International
- Geography
- North America
- Europe
- APAC
- South America
- The Middle East And Africa
Wellness Tourism Market Geographic Segmentation
North America will account for 32% of market growth. North America’s The largest market for wellness travel is the US. The market in this region will expand more slowly than markets in other regions. Spa services, anti-aging remedies, and the prevalence of a sizable population who is fitness aware will all contribute to the growth of the wellness tourism market in North America over the forecast period. Download Sample Report.
Related Reports
Amusement Park Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The amusement park market’s growth momentum will accelerate at a CAGR of 3.18% and the market share will increase to USD 9.97 billion from 2021 to 2026.
Family Entertainment Center Market Growth, Size, Trends, Analysis Report by Type, Application, Region, and Segment Forecast 2022-2026: The family entertainment center market share is expected to increase to USD 21.05 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.29%.
|
Wellness Tourism Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.55% |
|
Market growth 2022-2026 |
$327.56 billion |
|
Market structure |
Fragmented |
|
YoY growth (%) |
6.98 |
|
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
North America at 32% |
|
Key consumer countries |
US, China, Japan, Germany, and France |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
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 |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis … |
Full story available on Benzinga.com
[ad_2]
Source link
