Wellness market value worldwide 2017-2028
The size of the wellness market worldwide stood at 6.32 trillion U.S. dollars in 2023. This figure was projected to grow at a compound annual growth rate of 7.3 percent, reaching an estimated 8.99 trillion U.S. dollars by 2028.
What are the leading regions for the wellness market?
In 2023, North America emerged as the leading region in the global wellness market, with the region accounting for over 2.1 trillion U.S. dollars of the global market. Asia Pacific and Europe secured second and third positions, respectively. Delving deeper into North America, the wellness industry in the United States outpaced Canada's market size by approximately 1.8 billion U.S. dollars in 2022.
How large is the wellness tourism segment?
In 2023, the global wellness tourism segment accounted for 830 billion U.S. dollars of the market size of the wellness industry. The countries with the highest wellness tourism expenditure in 2022 were the United States, Germany, and France. Additionally, when considering the number of wellness tourism trips taken by travelers globally in 2022, Europe emerged as the leader, with over 300 million wellness trips taken by travelers in Europe.
