NEW
YORK, July 3, 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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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Commercial
and Residential) and Geography (North America, APAC, Europe, Middle
East and Africa, and South America)
|
Region
Covered
|
North America, APAC,
Europe, Middle East and Africa, and South America
|
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
|
Key Market Trends Fueling Growth
The global wellness real estate market is experiencing
significant growth due to the increasing trend towards regenerative
buildings. Builders and developers are focusing on creating
sustainable residential communities, integrating green, biophilic
designs, and promoting renewable energy and recycled water systems.
Notable examples include Liuzhou Forest City in China, which will house 30,000 people and
feature over 1 million plants, emphasizing the production of
healthy food and clean air. This shift towards regenerative
buildings is expected to continue fueling market growth.
The real estate market, specifically in the wellness sector, is
experiencing significant growth. Properties with features like
luxury, sustainability, and health benefits are in high demand.
These include housing units with green spaces, fitness facilities,
and eco-friendly designs. The trend towards remote work also
increases the appeal of residential properties with home offices
and ample outdoor space. Additionally, commercial real estate
focusing on wellness, such as wellness centers and offices, is also
gaining traction. The use of technology, like smart home systems
and virtual tours, is becoming essential in marketing these
properties. Overall, the wellness real estate market is a thriving
industry, offering investors and buyers unique and health-conscious
living and working solutions.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global wellness real estate market is highly competitive,
with numerous regional and international players offering distinct
services through innovative technologies. This fragmentation has
led to increased collaboration and partnerships among vendors to
stay competitive. However, the market growth is challenged by
rising competition from local vendors providing building monitoring
devices and international vendors entering the market.
- The wellness real estate market is experiencing 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 constructing and maintaining these
facilities. Another challenge is the lack of clear regulations and
standards for wellness real estate. Additionally, the market is
still emerging, making it difficult to predict consumer demand and
pricing. Furthermore, some consumers may not be willing to pay a
premium for wellness features. Lastly, the COVID-19 pandemic has
brought new challenges, such as increased demand for remote work
and virtual wellness offerings. Despite these challenges, the
wellness real estate market continues to grow, offering investors
and developers unique opportunities.
For more insights on driver and
challenges - Download 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 commercial wellness real
estate market is experiencing notable 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 like Delos Living LLC are offering corporate
wellness solutions, such as MindBreaks, to enhance productivity and
focus. The Middle East, APAC, and
South America have seen an uptick
in commercial wellness real estate projects, fueled by the demand
for green and sustainable buildings and corporate wellness
initiatives.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Wellness Real Estate Market is a burgeoning sector that
caters to the growing demand for residential properties that
prioritize health and wellbeing. This market encompasses various
communities, both in metros and non-metros, that offer unique
lifestyle experiences. These include scenic hill stations with
outdoor yoga studios, picturesque foothills, and lush green
valleys. The wellness movement extends to eco-friendly homes,
medicinal gardens, and meditation courtyards. The luxury sector is
a significant contributor to this market, with affluent foreign
tourists and senior corporates seeking personal investment in such
properties. The green building movement and urbanism are integral
to this sector, ensuring building safety and adherence to
environmental standards. The culinary and design-driven movements
further enhance the appeal of these properties. Healthcare
cybersecurity is also a crucial 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 wellbeing. These properties may include residential and
commercial spaces with features such as air filtration systems,
natural light, green spaces, and fitness facilities. The market is
driven by the increasing awareness of the connection between
environment and health, as well as the growing trend of integrating
wellness into all aspects of life. Additionally, the use of
technology in creating smart homes and buildings is also
contributing to the growth of this market. The Wellness Real Estate
Market offers various benefits, including improved productivity,
reduced stress levels, and enhanced overall quality of life.
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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SOURCE Technavio