The Wellness Tourism Global Market Report 2023, provides comprehensive information on the wellness tourism market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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According to The Business Research Company's comprehensive Wellness
Tourism Global Market Report for 2023, the landscape of wellness tourism is
marked by notable dynamics. In the transitional year from 2022 to 2023, the
market size is projected to experience a minor contraction, reducing from
$821.75 billion to $819.9 billion, signifying a slight Compound Annual Growth
Rate (CAGR) decline of -0.2%. The proximate cause of this decline can be
attributed to the profound influence of the Russia-Ukraine conflict, which has
cast a pall over the prospects for global economic recovery in the immediate
term.
This geopolitical turmoil has unleashed a chain reaction of economic
sanctions imposed on multiple nations, an acute upswing in commodity prices,
and pronounced disruptions across the intricate tapestry of global supply
chains. These cascading effects have reverberated across diverse markets, resulting
in a noticeable inflationary impact on both goods and services, thereby
exerting widespread ramifications.
Notwithstanding these temporary setbacks, the global wellness tourism
sector is poised for a robust resurgence in the coming years. Projections
suggest a substantial market size of $1178.93 billion by 2027, underpinned by a
robust CAGR of 9.5%. This anticipated trajectory underscores the enduring
appeal of wellness tourism, underscoring its pivotal role in promoting holistic
well-being. As societies continue to prioritize health and rejuvenation, the
wellness tourism industry remains steadfast in its commitment to delivering
rejuvenation, balance, and relaxation, even in the face of challenging global
circumstances.
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Tables):
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In the dynamic landscape of the wellness tourism market, technological
innovation has risen as a preeminent and influential trend, garnering
widespread acclaim and attention. Established industry leaders in the realm of
wellness tourism are meticulously directing their efforts towards the
integration of cutting-edge technologies to maintain and fortify their position
within this ever-evolving sector.
Illustrating this trend, in April 2021, the esteemed Atmantan Wellness
Centre, an India-based stalwart in the wellness tourism domain, introduced an
innovative dimension to their offerings with the launch of Atmantan Naturals, a
progressive wellness-tech platform that incorporates the sophisticated
technology of telehealth portals. This platform is designed to serve as a
sanctuary of well-being, providing not only therapeutic interventions for
various ailments but also cultivating the potential of natural herbal
supplements with remarkable efficacy.
One of the standout features of Atmantan Naturals is its seamless
provision of telehealth services, enabling individuals to access virtual
consultations with a cadre of experienced doctors and healthcare professionals.
This inclusive and technology-driven approach ensures that individuals can seek
expert medical advice and guidance at their convenience, enhancing the overall
wellness tourism experience.
The convergence of wellness and technology, as embodied by Atmantan
Naturals, exemplifies the industry's commitment to leveraging innovation for
the betterment of individual health and wellness. It underscores the broader
transformation of wellness tourism, emphasizing a holistic approach that
seamlessly integrates cutting-edge technological solutions for the enhancement
of well-being and the cultivation of a healthier, more fulfilling lifestyle. As
wellness tourism continues to expand its horizons, the role of technology in
this space is poised to become even more central, empowering individuals to
take charge of their health and experience a new paradigm of holistic wellness.
The wellness
tourism market is segmented:
1) By Service
Type: Transport, Lodging, Food and Beverage, Shopping, Activities and
Excursions, Other Services
2) By Travelers
Type: Primary, Secondary
3) By Location:
Domestic, International
North America was
the largest region in the wellness tourism market in 2022.
The table of contents in TBRC’s wellness tourism market report includes:
1. Executive Summary
2. Wellness Tourism Market Characteristics
3. Wellness Tourism Market Trends And Strategies
4. Wellness Tourism Market – Macro Economic Scenario
5. Wellness Tourism Market Size And Growth
.
27. Wellness
Tourism Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wellness Tourism Market
29. Wellness Tourism Market Future Outlook and Potential Analysis
30. Appendix
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major drivers and leading players.
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