WHY WELLNESS?
Wellness tourism is the powerful intersection of two large and growing industries: the $2.6 trillion tourism industry and the $4.2 trillion wellness industry. Holistic health and prevention are increasingly at the center of consumer decision-making, and people now expect to continue their healthy lifestyles and wellness routines when they are away from home. Wellness tourism is defined as travel associated with the pursuit of maintaining or enhancing one’s personal wellbeing. Wellness tourism brings the promise of combating disease, addictions, poor health habits and turning travel into an opportunity to maintain and improve our holistic health.
The Global Medical Spa Market size was valued at USD 13.82 billion in 2019 and is predicted to reach USD 47.14 billion by 2030, with a CAGR of 11.8% from 2020-2030. The European spa market is forecast to grow by 11.8% CAGR from 2019 to 2025 (KBV Research).
Stressful lifestyles, quality of food, pollution, and skin exposure to chemicals are causing modern-age problems like premature hair loss, early aging, skin problems, and obesity. Growing trend of health and fitness culture, changing lifestyles, higher adoption of skincare solutions and fullbody treatments are expected to increase the global medical spa market’s growth.
Rising level of stress are creating the need for vacations to relax and rejuvenate the body and mind. Wellness packages offered by hotels and resorts, medical tourism, and increased per-capita disposable income are propelling the global medical spa sector’s growth.