Wellness Tourism Market Size Worth $1.02 Trillion by 2030: Grand View Research, Inc. – PR Newswire

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SAN FRANCISCO, June 27, 2022 /PRNewswire/ — The global wellness tourism market size is expected to reach USD 1.02 trillion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 9.93% from 2022 to 2030. Increasing patient awareness regarding health and wellbeing and personal care will be one of the major drivers for the market. Promotional campaigns arranged by various governments are also encouraging wellness tourism across the globe. Wellbeing services offered by players help customers find solutions to improve or maintain their health and wellbeing. The rising number of health-conscious people is contributing to the increasing demand for wellness activities at popular travel destinations.
Key Industry Insights & Findings from the report:
Get more Insights from 140-page market research report, "Wellness Tourism Market Size, Share & Trends Analysis Report By Service (Lodging, Wellness Activities), By Travel Purpose (Primary, Secondary), By Travel Type (Domestic, International), By Region, And Segment Forecasts, 2022 – 2030", published by Grand View Research.
Wellness Tourism Market Growth & Trends
The increase in lifestyle-related diseases such as diabetes, obesity, and high cholesterol due to busy work schedules and sedentary lifestyles is propelling the market growth. The market is heavily influenced by factors such as increasing awareness regarding healthcare tourism and the rising burden of disease. Furthermore, the growing prevalence of mental illnesses such as depression and anxiety, rise in disposable income, increasing adoption of online travel services, growing influence of social media, and raised government investment to attract tourists are propelling the market growth.
The overall tourism industry was adversely hit by the COVID-19 pandemic. The market witnessed a significant decline in the number of travellers owing to restrictions on travel and the entry of international tourists. According to Global Wellness Institute, the number of wellness trips in North America declined by 43.8% in 2020. Increasing number of secondary travellers and resume of activities by spas and resorts are expected to boost the market growth post-pandemic.
Wellness Tourism Market Segmentation
Grand View Research has segmented the global wellness tourism market based on service, travel purpose, travel type, and region:
Wellness Tourism Market – Service Outlook (Revenue, USD Billion, 2016 – 2030)
Wellness Tourism Market – Travel Purpose Outlook (Revenue, USD Billion, 2016 – 2030)
Wellness Tourism Market – Travel Type Outlook (Revenue, USD Billion, 2016 – 2030)
Wellness Tourism Market – Regional Outlook (Revenue, USD Billion, 2016 – 2030)
List of Key Players of the Wellness Tourism Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research’s Medical Devices Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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Grand View Research, Inc.
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