The best players in this study are Hilton. About Us Company Name: Marriott International; About Us Company Name: Acre Hyatt; About Us Company Name: Radisson Hospitality; Intercontinental Hotel Group; Door Farm, Inc. Omni Hotels & Resorts; Nirmankaya Wellness Retreat; Four Seasons Hotels Ltd
Pune, March 14, 2023 (GLOBE NEWSWIRE) -- The global health tourism market is expected to exceed USD 1,974.18 billion by 2031 , showing a CAGR of 10.17% during the forecast period.
Health tourism refers to travel experiences that enhance a person's physical, mental and spiritual well-being. Tourists enjoy physical, spiritual and mental activities by participating in yoga, spa treatments, gymnastics, meditation and hot springs. Talking to people who have traveled and experienced many cultures can increase one's well-being. On the contrary, medical tourism involves the treatment of a previously diagnosed disease. A major factor driving the market is increasing patient awareness about your health, wellness and hygiene products. Government campaigns around the world promote safe travel.
Health professionals help their clients find ways to maintain or improve their health and well-being. Also, as people become more health conscious, the demand for wellness activities at popular tourist destinations is also increasing. As the number of travelers around the world increases, so does the need for different types of security services. Chain operators specialize in providing spa treatments and other activities to ensure customer satisfaction. In addition, the increase in spending on tourism is expected to have a positive effect.
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Recent developments
In April 2021, Atmantan NATURALS, a new health technology platform, was launched, and Atmantan Wellness has since expanded to include dietary and nutritional supplements. Expert doctors and scientists select natural herbal supplements for this telemedicine platform to deliver highly effective disease-modifying treatments.
By August 2021: On the outskirts of Kolkata, Carnoustie Group and South City Ayurvedic Health Center will open a luxury Indian and Ayurvedic health center at a cost of Rs 100 crore. The project is located on the Sundarbans road, just 10 miles from Science City.
List of Prominent Players in Health Tourism Market:
Hilton
Marriott International
wired
The Hyatt Company
Radisson hotel
Intercontinental Hotel Group
Door Farm, Inc.
Omni Hotels & Resorts
Nirmankaya Health Retreat
Four Seasons Hotel Ltd
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Scope of the Health Tourism Market Report:
Behavior report | details |
Market size value in 2022 | 838.78 billion dollars |
Revenue forecast in 2031 | 1974.18 billion US dollars |
CAGR growth rate | 10.17% CAGR from 2023 to 2031 |
Numerical units | Represent revenue in billions of dollars from 2023 to 2031 and a compound annual growth rate of |
Historical year | From 2019 to 2022 |
Expected Year | 2023-2031 |
Scope report | Revenue forecasts, company positioning, competitive market statistics, growth trends and prospects |
covered part | Services, purpose of travel and type of travel |
Regional opportunities | North America; Europe; Asia and the Pacific; Latin America; Middle East and Africa |
Country size | America; Canada; United Kingdom; Germany; China India; Japan; Brazil; Mexico; Britain; France; Italy; Spain; Porcelain Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
Market Changes:
Driver:
The health travel market is expected to expand with increased tourism spending on cultural and sports tourism. A trip consisting of watching and participating in sports while staying in the tourist's natural environment is called sports tourism. A major trend gaining popularity in safe tourism is new technological developments. Major companies involved in health tourism focus on the implementation of innovative technologies to maintain their position in the market. Also, the industry is expanding due to increasing mental illness, stress and anxiety, increasing disposable income, increasing use of online travel services, increasing importance of social networks and increasing government spending to attract. Tourists.
Challenge:
A major challenge is the need to increase product awareness and marketing in developing countries, which slows down the growth of the health tourism market. However, the high cost of hospitalization tourism and the availability of equipment and technology are expected to hinder the overall growth of the hospitalization tourism market in the coming years.
Regional trends
The North American medical tourism market is expected to record a significant market share in terms of revenue and grow at a high CAGR in the near future. Attention to mental and physical health and high incomes are responsible for this. The importance of achieving physical and mental well-being while practicing yoga, restorative medicine, herbal medicine, meditation, agritourism and spa treatments in exotic locations is actively promoted through North American tours. In addition, the Asia-Pacific region accounted for the largest market share with multiple destinations such as China, India, Malaysia, Indonesia, Thailand, and Singapore. In addition, the expansion of hospitality service providers offering massage, herbal treatment and rejuvenation programs is expected to positively influence the expansion of the industry in the region.
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Health Tourism Market Segmentation -
service
National transport
place of residence
Food and drink
Health activity
You buy
else
for travel purposes
Depending on the type of flight
Region wise -
North America-
europe -
Germany
Britain
France
Italy
Spain
Rest of Europe
Asia Pacific -
Porcelain
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East and Africa-
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