Published on : Thursday, December 7, 2017
The “Global Wellness Tourism Market 2017-2021″ report has been added to Research and Markets’ offering. The global wellness tourism market is anticipated to grow at a CAGR of 10.32% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global wellness tourism market between 2017-2021. To calculate the market size, the report considers the tourism expenditures for wellness travels, which includes healthy diet and weight management, physical fitness and sports, beauty treatments, relaxation and stress relief, meditation, yoga, and procedures or treatments using conventional, alternative, complementary, herbal or homeopathic medicine.
This would further boost the growth of the hotels and other wellness centres that match customer expectations. Customers in any part of the world can access the information online and decide on the required services depending upon the reviews of a particular service or wellness center.
The report says that one of the major drivers for this market is increase in mental illness. Some common forms of mental illnesses include stress, fear, anxiety, depression, and insomnia. If not addressed in their early stages, they can adversely affect physical health and lead to chronic disorders such as obesity, diabetes, heart diseases, and cancer. Stress can be caused due to various societal and environmental pressures such as work, societal expectations, and monetary problems. Stress can have adverse effects on an individual’s lifestyle and health. For instance, out of 100 individual, 20% of the adults in the US experience stress every year, and mood disorders such as depression and bipolar disorders are the third major cause of hospitalization in the country.
The report further states that one of the major factors hindering the growth of this market is the perception of wellness tourism as a luxury travel market. Wellness and recreational activities such as mineral spas, sports, and spiritual practices that involve personal rejuvenation are conceived as a market for the elite.