NEW
YORK, July 15, 2024 /PRNewswire/ -- The
global wellness real estate market size is estimated to
grow by USD 1.26 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of 32.14% during the forecast period. Rising demand for
wellness real estate from luxury residential sector is driving
market growth, with a trend towards increasing demand for
regenerative living. However, high competition in wellness
real estate market poses a challenge. Key market players include
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.
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Wellness Real Estate
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
32.14%
|
Market growth
2024-2028
|
USD 1265.3
billion
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
24.41
|
Regional
analysis
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
US, China, Australia,
Germany, and UK
|
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
|
Market Driver
Builders and real estate developers are transitioning from
constructing green buildings to regenerative buildings in response
to the growing preference for eco-friendly structures and the
importance of reducing the emission of harmful gases into the
environment. These developers are focusing on creating innovative,
regenerative residential communities that incorporate sustainable,
healthy, and biophilic designs. The primary objective of
regenerative buildings is to establish a self-sufficient ecosystem
for residents, enabling them to produce their own healthy food
using renewable energy, as well as providing clean air and recycled
water. An illustrative example is Liuzhou Forest City in
China, which is scheduled for
inauguration in 2023 and will house around 30,000 people on an area
of approximately 175 hectares. This city will be adorned with over
40,000 trees and 1 million plants from over 100 different species,
in addition to being located in the mountainous province of
Guangxi, in northern China. These factors are anticipated to fuel
the expansion of the global wellness real estate market throughout
the forecast period.
The wellness real estate market is experiencing significant
growth as buyers prioritize health and wellness in their living
environments. Key trends include addressing poor diet, respiratory
diseases, and chronic diseases through design-driven movements and
the food movement. Outdoor recreation, connection, and intentional
communities are also popular, with a focus on holistic health and
residents' personal wellbeing. Design principles prioritize sleep,
stress reduction, and behavior change, while construction output
increases for luxury wellness communities in countries worldwide.
Master-planned communities, multifamily housing, and urban
districts cater to the active lifestyle and mind-body health needs
of potential buyers. Virtual communities and intentional living
spaces foster social encounters and community interactions,
addressing loneliness and health challenges. Environmental impacts,
toxic substance exposure, and nature are essential considerations,
as is the sense of place and residents' sense of belonging. The
wellness lifestyle market is a dynamic and growing sector, with a
pipeline of potential buyers seeking healthier lifestyles and a
strong desire for community.
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Market Challenges
- The global wellness real estate market is characterized by a
high level of competition among numerous regional and international
vendors. This fragmentation has led to intense rivalry, with each
player offering unique services and innovative technologies to
differentiate themselves. International vendors have increased the
competition, prompting local and regional vendors to form
collaborations and partnerships. However, the market growth may be
hindered by the emergence of local vendors providing building
monitoring and control devices as ancillary offerings.
- The wellness real estate market is thriving as consumers
prioritize lifestyle choices that align with their wellness goals.
This sector includes health clubs, fitness professionals, and
wellness providers, as well as resorts and culinary movement
offerings. However, challenges persist in areas like health issues,
design-driven and green building movements, urbanism, and luxury
sector. Eco-friendly homes, outdoor yoga studios, medicinal
gardens, and meditation courtyards are in demand. Yet,
considerations like healthcare cybersecurity, green constructions,
GHG gas emissions, operating costs, air quality, biodiversity, and
building safety are crucial. Residential real estate in wellness
communities focuses on health outcomes, personal investment, and
conveniences such as sanitation, entertainment, telecommunications,
and infectious disease prevention. Balancing these factors while
addressing challenges like sedentary lifestyles and affordability
is key to the market's continued growth.
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challenges - Request a sample report!
Segment Overview
This wellness real estate market report extensively covers
market segmentation by
- End-user
- 1.1 Commercial
- 1.2 Residential
- Geography
- 2.1 North America
- 2.2 APAC
- 2.3 Europe
- 2.4 Middle East and
Africa
- 2.5 South America
1.1 Commercial- The global wellness real estate market in
the commercial sector is projected to experience notable growth
during the forecast period. This segment encompasses commercial
real estate, offices and workplaces, public buildings, hospitality
developments, and medical facilities. Key factors fueling market
expansion include the increasing number of wellness commercial
projects in both developed and developing regions and the
development of wellness communities. Additionally, energy-efficient
technologies' adoption in buildings and regulatory mandates driving
renovation and modernization activities are significant
contributors. Delos Living LLC (Delos) is one company introducing
solutions like MindBreaks, designed to enhance corporate wellness
and productivity in offices. The surge in commercial wellness real
estate projects in the Middle
East, APAC, and South
America, coupled with the demand for green and sustainable
buildings and corporate wellness initiatives, further bolsters
market growth.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
The global Online Home Rental Services market is rapidly
growing, driven by digital platforms that streamline property
listings and tenant management. Major players include Airbnb,
Zillow, and Booking.com, enhancing user experiences through
technology.
In the global Property Management market, demand for efficient
property administration is rising. Companies like AppFolio, Yardi,
and RealPage dominate, offering software solutions that simplify
tenant communication, rent collection, and maintenance.
Technological advancements and the trend towards remote work are
key drivers in both markets, promoting convenience and operational
efficiency.
Research Analysis
The wellness real estate market is a burgeoning sector at the
intersection of residential real estate and the wellness movement.
This market caters to various demographics, including affluent
foreign tourists, senior corporates, and urban youths, seeking
healthier lifestyles and improved health outcomes. Wellness
communities are being developed in metros and non-metros, featuring
environments that prioritize sanitation, building safety, and
personal investment in wellness. These communities are located in
scenic hill stations, picturesque foothills, lush green valleys,
and secluded sea beaches. The culinary movement and design-driven
movement have also influenced this sector, with a focus on
eco-friendly homes, outdoor yoga studios, medicinal gardens,
meditation courtyards, and green building practices. The luxury
sector is embracing wellness real estate, offering top-tier
amenities and healthcare cybersecurity. The green building movement
and urbanism are further driving the demand for wellness real
estate, as people seek sustainable and healthy living spaces.
Market Research Overview
The wellness real estate market is a growing segment within
residential real estate, driven by the wellness movement and the
increasing focus on personal health and wellbeing. This market
encompasses communities designed with the environment in mind,
prioritizing health outcomes for residents. Wellness communities
offer conveniences and amenities that cater to active lifestyles
and holistic health, including sanitation and building safety
features, as well as entertainment and telecommunications. The
wellness lifestyle is a personal investment in health, with
expenditure on wellness-related products and services on the rise.
Sedentary lifestyles and poor diet are major health challenges,
leading to chronic diseases such as respiratory diseases and
cardiovascular diseases. Wellness communities address these issues
by promoting outdoor recreation, intentional communities, and
virtual communities that foster connection and social encounters.
Design-driven movements, such as the food movement and the
intentional communities movement, are shaping the wellness real
estate market. These communities prioritize healthier lifestyles,
with design principles that promote stress reduction, behavior
change, and mind-body health. Construction output for wellness
communities is on the rise, with luxury buyers seeking
master-planned communities, multifamily housing, and urban
districts that offer environmental impacts, toxic substance
exposure mitigation, and access to nature. The wellness real estate
market caters to various demographics, including affluent foreign
tourists, senior corporates, and urban youths. It includes
general-purpose spas, Ayurveda centers, destination spas,
eco-hotels, and medical wellbeing facilities that offer stress
management, sleep management, weight loss, and spiritual
enhancements. Whether in metros or non-metros, scenic hill
stations, picturesque foothills, lush green valleys, or secluded
sea beaches, wellness communities offer a sense of place,
community, and belonging that prioritizes personal wellbeing.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Geography
-
- North America
- APAC
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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