Thursday, August 22, 2024 A new report from Allied Market Research, titled “Wellness Tourism Market by Service Type, Location, Travelers Type: Global Opportunity Analysis and Industry Forecast, 2021–2030,” presents an in-depth analysis of prime investment opportunities, successful strategies, market drivers, opportunities, and market size projections. The report also examines the competitive landscape and evolving market trends. The global wellness tourism market, which was valued at $801.
6 billion in 2020, is expected to grow to $1,592.6 billion by 2030, with a compound annual growth rate (CAGR) of 7.2% from 2021 to 2030.
The Ministry of Tourism has implemented numerous initiatives to position India as a leading destination for medical and wellness tourism. To advance this effort, the Ministry has established the National Medical and Wellness Tourism Board, chaired by the Minister of Tourism, which focuses on promoting medical, wellness, and Ayurveda tourism. The wellness tourism market is driven by several key factors, including the rise of the global middle class, an increasing preference for healthier lifestyles, a growing interest in experiential travel, and the greater accessibility of flights and travel options.
Europe continues to be the top destination for wellness trips, while North America leads in spending on wellness tourism. The Asia-Pacific region has seen significant growth in both the number of wellness trips and spending on wellness tourism, fueled by .