The Business Research Company’s Wellness Tourism Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Wellness Tourism Global Market Report 2023 evaluates wellness tourism market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global wellness tourism industry is poised for remarkable expansion, with projections indicating a robust growth trajectory. As of 2027, the market’s valuation stands at an impressive $1,178.93 billion, and it is set to maintain an impressive growth rate of 10.0%. Subsequently, the sector is anticipated to experience a compounded annual growth rate (CAGR) of 9.7% from 2027, ultimately reaching a substantial valuation of $1,876.43 billion by 2032.
A pivotal driving force behind this upward trend is the rapid proliferation of the internet and the widespread adoption of social media platforms. This digital evolution is expected to significantly favor the wellness tourism market, particularly through the surge in global internet penetration rates, fostering an elevated appetite for on-demand online travel services.
Illustratively, in July 2022, an enlightening report by Livemint, an esteemed Indian financial daily newspaper, revealed that India alone boasts a staggering 692 million active internet users. This figure includes a remarkable 351 million from rural areas and an additional 341 million from urban centers. Projections paint a compelling picture of the future, with an estimated 900 million internet users in India by 2025. Such exponential growth in internet users signifies a burgeoning demand for online travel services, fortifying the wellness tourism sector’s prospects.
Furthermore, the influence of social media platforms such as Facebook and Instagram cannot be overstated. In 2022, an astounding 3.96 billion individuals globally engaged with these social platforms, surpassing the halfway mark of the world’s population. This statistic is poised to soar to 4.41 billion by 2025, underscoring the ever-expanding reach of these platforms. As a result, the rising tide of internet penetration is projected to be a powerful catalyst in stimulating the growth of online travel services, consequently propelling the demand for the wellness tourism market. This dynamic convergence of technology and connectivity is reshaping the landscape of wellness tourism and promising remarkable opportunities for industry stakeholders in the coming years.
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The wellness tourism market segments in the report are:
1) By Service Type: Transport; Lodging; Food And Beverage; Shopping; Activities and Excursions; Other Services
2) By Travellers: Primary; Secondary
3) By Location: Domestic; International
The table of contents in TBRC’s wellness tourism market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Wellness Tourism Market, Conclusions And Recommendations
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