NEW YORK, July 3, 2024 /PRNewswire/ — According to Technavio, the global wellness real estate market size is estimated to grow by USD 1.26 billion between 2024 and 2028. The market is estimated to grow at a CAGR of 32.14% during the forecast period. The growing demand for wellness real estate from the luxury residential sector is driving the market growth, with a trend towards increasing demand for regenerative living. However, intense competition in the wellness real estate market poses challenges. 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, Inc., and Vox Media LLC.
Technavio has released its latest market research report, “Global Wellness Real Estate Market 2024-2028”.
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Forecast Period
2024-2028
Base year
2023
Historical Data
2018 – 2022
Target Segments
End-user (Commercial and Residential) and region (North America, Asia Pacific, Europe, Middle East & Africa, South America)
Target area
North America, Asia Pacific, Europe, Middle East, Africa, South America
Introduction of major companies
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 Corporation, Vox Media LLC
Key Market Trends Driving Growth
The global wellness real estate market is experiencing significant growth due to the growing trend towards regenerative architecture. Builders and developers are focusing on creating sustainable residential communities, integrating green and biophilic designs, and promoting renewable energy and recycled water systems. A notable example is Liuzhou Forest City in China. The city is home to 30,000 people, features over one million plants, and places emphasis on producing healthy food and clean air. This shift towards regenerative architecture is expected to continue to drive market growth.
The real estate market, especially the wellness sector, is experiencing significant growth. There is an increasing demand for properties with features such as luxury, sustainability, and health benefits. This includes residential units with green spaces, fitness facilities, and eco-friendly designs. The remote work trend has also increased the appeal of residential properties with home offices and ample outdoor space. In addition, commercial properties with a wellness focus, such as wellness centers and offices, are also gaining traction. The use of technology, such as smart home systems and virtual tours, is becoming essential in marketing these properties. Overall, the wellness real estate market is a vibrant industry, offering investors and buyers unique and health-conscious living and working solutions.
The research report provides comprehensive data on the impact of trends. For more information, download the sample report.
Market Challenges
The global wellness real estate market is competitive, with numerous regional and international players offering unique services through innovative technologies. This fragmentation has led to increased collaboration and partnerships between vendors to stay competitive. However, market growth faces challenges as competition is growing with local vendors offering building monitoring devices and international vendors entering the market. The wellness real estate market has seen significant growth, with a focus on providing properties that promote health and well-being. However, challenges exist in this sector. One challenge is the high cost of building and maintaining these facilities. Another challenge is the lack of clear regulations and standards for wellness real estate. In addition, the market is still developing, making it difficult to predict consumer demand and prices. Furthermore, some consumers may not be willing to pay a premium for wellness features. Finally, the COVID-19 pandemic has brought new challenges, such as increased demand for remote work and virtual wellness services. Despite these challenges, the wellness real estate market continues to grow, providing unique opportunities for investors and developers.
Learn more about drivers and challenges – download a sample report
Segment Overview
This Wellness Real Estate Market report covers market segmentation extensively.
End User 1.1 Commercial 1.2 Residential Geography 2.1 North America 2.2 Asia Pacific 2.3 Europe 2.4 Middle East and Africa 2.5 South America
1.1 Commercial – The global commercial wellness real estate market is witnessing significant growth due to an increase in wellness pipeline projects in developed and developing regions. Factors driving this growth include the development of wellness communities, energy-efficient technologies, and regulatory mandates. Companies such as Delos Living LLC offer corporate wellness solutions such as MindBreaks to enhance productivity and focus. The Middle East, Asia Pacific, and South America are witnessing an increase in commercial wellness real estate projects, driven by the demand for green and sustainable buildings and corporate wellness initiatives.
For detailed market segmentation by geographical analysis including forecasts (2024-2028) and historical data (2018-2022), please download the sample report.
Research Analysis
The wellness real estate market is a fast-growing sector that caters to the growing demand for residential properties that prioritize health and well-being. This market includes a variety of communities, both metropolitan and non-metropolitan, that offer unique lifestyle experiences. This includes scenic hillside locations with outdoor yoga studios, picturesque rolling hills, and lush valleys. The wellness movement spans eco-friendly homes, medicinal gardens, and meditation courtyards. The luxury sector contributes significantly to this market, with wealthy foreign tourists and upper-class corporates seeking private investment in such properties. The green building movement and urban planning are integral to this sector, ensuring buildings are safe and comply with environmental standards. Culinary and design-led movements further increase the appeal of these properties. Cybersecurity in healthcare is also a key aspect, ensuring the privacy and security of residents' health data.
Market Research Overview
The wellness real estate market refers to the segment of the real estate industry that focuses on properties designed to promote health and wellness. These properties include residential and commercial spaces with features such as air filtration systems, natural lighting, green spaces, and fitness facilities. This market is driven by growing awareness of the connection between the environment and health and the growing trend of incorporating wellness into all aspects of life. Additionally, the use of technology in creating smart homes and smart buildings also contributes to the growth of this market. The wellness real estate market offers a variety of benefits including increased productivity, reduced stress levels, and improved overall quality of life.
table of contents:
1. Executive Summary
2. Market situation
3. Market size assessment
4. Past market size
Five Forces Analysis
6. Market Segmentation
End-user Regions North America Asia Pacific Europe Middle East and Africa South America
7 Customer Environment
8. Geographical Landscape
9 Drivers, Challenges and Trends
10. Company Status
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Its research and analysis focuses on emerging market trends, providing actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market position.
With over 500 expert analysts, Technavio's report library contains over 17,000 reports covering 800 technologies across 50 countries. The company's client base comprises of businesses of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities, and assess their competitive position within a changing market scenario.
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Source Technavio