Wellness Real Estate Market Size to grow by USD 1265.3 billion between 2024-2028
According to a research report “ Wellness Real Estate Market” by End-user (Commercial, Residential) Geography (North America, APAC, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1265.3 billion, at a CAGR of 32.14% during the forecast period. In the high-end real estate market, developers are responding to the growing demand for wellness by integrating open-air yoga studios, medicinal gardens with calming herbs, and meditation courtyards into their residential projects. Wealthy homebuyers seek eco-sensitive abodes constructed with natural materials and interior design elements that foster mental clarity. Moreover, strategic partnerships and associations among vendors are driving growth in the luxurious sector. The adoption of WELL Building Standards in both commercial and residential properties is increasing, leading to the expansion of master-planned communities and luxury properties to cater to higher-income consumers.
Browse market data tables, figures, and in-depth TOC on “Wellness Real Estate Market” by End-user (Commercial, Residential) Geography (North America, APAC, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By End-user, the Commercial segment is projected to dominate the market size in 2024
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By Geography, North America segment is expected to hold the largest market size for the year 2024
The global wellness real estate market in the commercial sector is poised for substantial expansion during the forecast period. This segment encompasses commercial real estate, offices and workplaces, public buildings, hospitality developments, and medical facilities. Key growth drivers include the increasing number of wellness commercial pipeline projects in developed and developing regions, the development of wellness communities, and the adoption of energy-efficient technologies by companies to minimize carbon emissions. Additionally, regulatory mandates are spurring renovation and modernization activities in commercial office spaces and buildings.
North America is forecasted to hold the largest market size by region in 2024
The wellness real estate market is experiencing significant growth, with an increasing number of investors recognizing the potential health benefits of properties designed to promote well-being. These properties, which may include features such as air and water filtration systems, green spaces, and fitness facilities, are in high demand among health-conscious consumers. As a result, the sector is poised for continued expansion, offering lucrative opportunities for businesses and investors.
The Wellness Real Estate Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The wellness real estate market is a burgeoning sector that caters to the growing demand for healthy and sustainable living spaces. This market encompasses a range of properties, from eco-friendly homes with advanced healthcare cybersecurity to luxury residences with meditation courtyards, medicinal gardens, and outdoor yoga studios. The green building movement and design-driven movement have influenced this sector, with a focus on creating communities that prioritize health outcomes, personal investment, and environmental sustainability. Urbanism is evolving, with metros and non-metros alike offering wellness-focused properties. Secluded sea beaches, lush green valleys, and picturesque foothills are popular destinations for urban youths and senior corporates seeking a break from the hustle and bustle of city life. Affluent foreign tourists also contribute to the demand for wellness real estate, with a preference for properties that offer building safety, sanitation, and a connection to nature. The wellness movement has expanded beyond traditional boundaries, with culinary movements and scenic hill stations adding to the appeal of these properties. The luxury sector is at the forefront of this trend, offering high-end amenities and services that cater to the unique needs of residents. Overall, the wellness real estate market represents a significant investment in lifestyles that prioritize health, sustainability, and community.
Market Research Overview
The wellness real estate market is a burgeoning sector that focuses on creating properties that prioritize biodiversity, air quality, and reduced operating costs, among other health-promoting features. This market encompasses a range of properties, from eco-friendly homes with meditation courtyards and medicinal gardens to luxury resorts with outdoor yoga studios, spas, and wellness providers. The green building movement and design-driven movement have played a significant role in this market's growth. Wellness goals are increasingly becoming a priority for urbanism, with a focus on healthy eating, mind-body health, and an active lifestyle. The culinary movement, fitness professionals, and health clubs are also integral parts of this market. The wellness philosophies of various cultures, such as Ayurveda centers and general-purpose spas, are drawing affluent foreign tourists and senior corporates to secluded sea beaches, lush green valleys, and picturesque foothills. The pipeline for potential buyers is vast, including urban youths, metros and non-metros, and buyers looking for a sense of belonging and community interactions. The wellness lifestyle is not just about personal wellbeing but also about reducing environmental impacts and toxic substance exposure. This market includes eco-hotels, destination spas, and virtual communities, all aimed at promoting healthier lifestyles and behavior change through stress reduction, sleep management, and mindfulness practices. The market also caters to health issues such as chronic diseases, respiratory diseases, poor diet, sedentary lifestyles, and infectious diseases, by providing building safety, sanitation, and telecommunications. The wellness real estate market is a significant investment opportunity, with construction output expected to increase, driven by design principles that prioritize intention, connection, and community. This market offers a holistic approach to health and wellbeing, with a focus on spatial designs, décor, ambiance, and spiritual enhancements, making it a desirable choice for those seeking a healthier lifestyle.
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Jesse Maida
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Email: media@technavio.com
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