NEW YORK, June 26, 2023 /PRNewswire/ — The wellness real estate market is set to grow by USD 575.9 billion from 2022 to 2027 progressing at a CAGR of 21.77% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The growing demand for wellness real estate from the luxury residential sector is a major factor notably driving the growth of the global wellness real estate market. Developers are increasingly introducing open-air yoga studios and medicinal gardens with calming herbs and meditation courtyards in their residential projects to maintain wellness among luxurious housing sectors. Furthermore, wealthy homebuyers demand eco-sensitive abodes that are built with natural products and interior design features that help stimulate mental clarity. Also, the growth in the number of partnerships and associations among vendors will boost the market in the luxurious sector during the forecast period. The market for buildings with WELL Building Standards in both commercial and residential luxurious housing sectors is rising, thereby resulting in an up-scaling of residential and master-planned communities and luxury properties to attract higher-income customers. Therefore, such factors are anticipated to fuel the growth of the market in focus during the forecast period. Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and a forecast period (2023-2027). Download Sample Report in minutes!
The wellness real estate market covers the following areas:
The report on the wellness real estate market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Wellness Real Estate Market 2023-2027 – Market Dynamics
Growing demand for regenerative living is an emerging trend in the global wellness real estate market growth. Builders and real estate developers are increasingly deviating from green buildings to regenerative buildings. The major reason behind this is the increasing demand for environment-friendly buildings and augmented emphasis on minimizing the release of toxic gases in the environment. Builders and real estate developers are significantly emphasizing creating innovative, regenerative residential communities that deliver green, biophilic, sustainable, and healthy designs. The primary aim for the development of regenerative buildings is to construct a comprehensive ecosystem for its residents, allowing them to cultivate their own nutritious food using renewable energy along with clean air and recycled water. Therefore, these factors are expected to drive the growth of the global wellness real estate market during the forecast period.
Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!
High competition in the wellness real estate market is a major challenge that may impede the market growth. The international wellness real estate market is fragmented, with the existence of numerous regional as well as global vendors operating in the market. This, in turn, has expanded the market competitiveness among vendors, thereby resulting in a high threat of competitors. Because of the fragmented nature of the market, vendors offer different services with innovative technologies. Similarly, the increased competition from global vendors has started local as well as regional vendors to enter into partnerships and alliances, thereby strengthening the competition in the market. Rising competition from local vendors that deliver different building monitoring and control devices (air purifies and others) as supplies hinder the growth of the global wellness real estate market during the forecast period.
Wellness Real Estate Market 2023-2027: Market Segmentation
This report extensively covers market segmentation by end-user (commercial and residential) and geography (North America, APAC, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
The market share growth by the commercial segment will be significant during the forecast period. In this segment, companies such as Delos Living LLC (Delos) have started delivering solutions such as MindBreaks, which desire at delivering corporate wellness and curated offerings developed to reduce stress and enhance focus, productivity, and performance in the office. There has been an upsurge in the number of commercial wellness real estate projects in the Middle East, APAC, and South America in the past few years. The demand for green and sustainable buildings and increased focus on corporate wellness are expected to fuel the segment during the forecast period.
This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report
Berkeley Group – The company offers wellness real estate such as a wellness suite, gym, cinema room, residents lounge, and concierge.
CBRE Group Inc. – The company offers wellness real estate such as corporate workplace.
Delos Living LLC – The company offers wellness real estate services under its brand Stay Well.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio’s SUBSCRIPTION platform
The US corporate wellness market size is estimated to grow at a CAGR of 8.38% between 2022 and 2027. The market size is forecast to increase by USD 6.12 billion. This report extensively covers market segmentation by application (health assessments and screenings, nutrition and fitness, stress management, and others) and product type (SMEs and large organizations). One of the key factors driving the corporate wellness market growth in the US is the increasing need to combat rising healthcare costs.
The wellness tourism market is estimated to grow at a CAGR of 8.93% between 2022 and 2027. The size of the market is forecast to increase by USD 427.46 billion. This report extensively covers market segmentation by type (domestic and international), application (physical, psychological, and spiritual), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The increased cases of mental illness are notably driving the market growth.
Wellness Real Estate Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 21.77%
Market growth 2023-2027
USD 575.9 billion
YoY growth 2022-2023(%)
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
North America at 37%
US, China, Australia, Germany, and the UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Berkeley Group, CBRE Group Inc., Delos Living LLC, DPZ CoDesign LLC, EFFEKT Arkitekter ApS, Gamuda Berhad, GOCO HOSPITALITY, Heta Architects, Humaniti Montreal Inc., Jones Lang LaSalle Inc., Sansiri Public Co. Ltd., Signify NV, Tata Sons Pvt. Ltd., Tokyu Fudosan Holdings Corp., and Vox Media LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
View original content to download multimedia:https://www.prnewswire.com/news-releases/wellness-real-estate-market-size-is-to-grow-by-usd-575-9-billion-from-2022-to-2027-increasing-demand-for-regenerative-living-to-be-an-emerging-trend—technavio-301862675.html