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$735+ Billion Worldwide Wellness Tourism Industry to 2027 - Impact of COVID-19 on the Market

·3 min read

DUBLIN, Nov. 13, 2020 /PRNewswire/ -- The "Wellness Tourism - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

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The publisher brings years of research experience to the 6th edition of this report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Wellness Tourism Market to Reach US$1.2 Trillion by the Year 2027

Amid the COVID-19 crisis, the global market for Wellness Tourism estimated at US$735.8 Billion in the year 2020, is projected to reach a revised size of US$1.2 Trillion by 2027, growing at a CAGR of 6.6% over the period 2020-2027.

Domestic Wellness Tourism, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$779.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the International Wellness Tourism segment is readjusted to a revised 12% CAGR for the next 7-year period. This segment currently accounts for a 23.1% share of the global Wellness Tourism market.

The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 10.5% CAGR for the Period of 2020-2027

The Wellness Tourism market in the U.S. is estimated at US$212.7 Billion in the year 2020. The country currently accounts for a 28.9% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$220 Billion in the year 2027 trailing a CAGR of 10.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$220 Billion by the year 2027.

Competitors identified in this market include, among others:

  • Accor SA

  • Allergan PLC

  • Canyon Ranch

  • Fitpacking

  • Four Seasons Hotels Ltd.

  • Galderma SA

  • Hilton Hotels And Resorts

  • Hyatt Corporation

  • IHG

  • KPJ Healthcare Berhad

  • Marriott International, Inc.

  • Miraval Group

  • Omni Hotels & Resorts

  • Pravassa

  • Radisson Hotel Group

  • Rancho La Puerta Inc.

  • Shangri-La Asia Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession

  • Global Competitor Market Shares

  • Wellness Tourism Competitor Market Share Scenario Worldwide (in %): 2018E

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 32

For more information about this report visit https://www.researchandmarkets.com/r/bykhnj

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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View original content:http://www.prnewswire.com/news-releases/735-billion-worldwide-wellness-tourism-industry-to-2027---impact-of-covid-19-on-the-market-301172884.html

SOURCE Research and Markets