Wellness Tourism Market measurement is estimated at $832 billion, projected to develop at a CAGR of seven.3% – IndustryARC

Wellness Tourism Market

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Wellness Tourism Market measurement is estimated at $832 billion in 2020, projected to develop at a CAGR of seven.3% through the forecast interval 2021-2026.

HYDERABAD, TELANAGAN, INDIA, September 22, 2022 /EINPresswire.com/ — Wellness Tourism Market measurement is estimated at $832 billion in 2020, projected to develop at a CAGR of seven.3% through the forecast interval 2021-2026. Wellness tourism is recognized as journey that promotes well-being and good well being by partaking in psychological, non secular, or bodily wellness actions. The rising variety of guests from everywhere in the world has elevated demand for numerous wellness companies. Moreover, elevated vacationer spending is predicted to have a optimistic impact on wellness tourism, medical tourism which is predicted to drive the wellness tourism trade.

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https://www.industryarc.com/Analysis/Wellness-Tourism-Market-Analysis-508540

Key takeaways:

This IndustryARC report on the Wellness Tourism market highlights the next areas –

1. The rising prevalence of power ailments is a significant factor driving the Wellness Tourism Business.

2. Geographically, North America Wellness Tourism Market held the biggest income share of 38% in 2020 owing to the excessive investments in R&D and assist of presidency investments within the trade.

3. Unbalanced diets and sedentary life have resulted from elevated urbanization fueled by fast financial development, thereby, driving the market’s development.

4. In response to a survey by the Institute for Well being Metrics & Analysis (IHME), a worldwide well being analysis group, roughly 30% of the worldwide inhabitants was obese or overweight in 2013 driving the Wellness Tourism Business.

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Segmental Evaluation:

1. Primarily based on Service, Wellness Tourism Market is segmented into In-country Transport, Lodging, Meals & Beverage, Wellness Actions, Buying and Others. Wellness Actions accounted for the biggest income market share in 2020 as clients are prepared to spend extra on well being and wellness.

2. Primarily based on Geography, North America Wellness Tourism Market accounted for the 38% income share in 2020 owing in the direction of the presence of a number of key gamers within the area. The growing consciousness of holistic well being therapies, in addition to their excessive disposable incomes, which allow health-related journey, is essential components driving the wellness tourism sector. In North America, the US and Canada are vital home markets for wellness tourism.

3. Primarily based on Sort, Wellness Tourism Market is segmented into Home and Worldwide. Home accounted for the biggest income market share in 2020. Home tourism is utilized by governments to alleviate poverty, create jobs and financial development, improve infrastructure, and relieve stress from overcrowding by utilizing discretionary pricing methods and non-wage tourism advantages, as an example.

Aggressive panorama:

The highest 5 gamers within the Wellness Tourism trade are:

1. KPJ Healthcare Berhad

2. VLCC Well being Care Restricted

3. Hyatt Motels Company

4. 4 Seasons Motels Restricted

5. Hilton Worldwide

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https://www.industryarc.com/studies/request-quote?id=508540

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Associated Reviews:

A. Journey and Tourism Market

https://www.industryarc.com/Report/19632/travel-and-tourism-market.html

B. House Tourism Market

https://www.industryarc.com/Report/19394/space-tourism-market.html

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