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Diary Highlights
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28 Sep 2021
Wellness real estate market nearly doubles between 2017-2020, finds new GWI research
From 2017-2020, the global wellness real estate market expanded from US$148bn (€126bn,£109bn) to US$275bn (€235bn, £203bn).
These figures were released today (28 September) in the Global Wellness Institute’s (GWI) new study, called Wellness Real Estate: Looking Beyond COVID-19.
The GWI defines wellness real estate as the construction of residential and commercial/institutional properties that incorporate intentional wellness elements into their design, materials and building, as well as their amenities, services and/or programming.
The report provides market data and growth rates for both 2017-2019 and 2019-2020 – to capture 'the pandemic effect' – for every global region and the top 20 national markets, as well as forecasting key shifts that will define the market post-COVID.
Key findings
Prior to the pandemic, the global wellness real estate sector grew 22 per cent on average each year between 2017-2019, compared with 5.4 per cent growth for construction overall.
- The wellness real estate sector still continued to grow 22 per cent during 2020, despite the pandemic and overall construction shrinking by -2.5 per cent.
- Wellness real estate is heavily concentrated in North America, Asia-Pacific and Europe. Each market clocked exponential recent growth, with the North American and Asian markets nearly doubling from 2017-2020.
- The US, China, Australia, UK, Japan, France and Germany account for 82 per cent of the wellness real estate market. The US and China alone comprise roughly 60 per cent.
- Japan (360 per cent) and Canada (240 per cent) exhibited standout growth in the sector between 2017 and 2020.
- The US, China, UK, France, Netherlands, Denmark, Switzerland, Singapore, Norway, Italy and Finland nearly all doubled their markets.
- International wellness residential projects grew from 740 in 2017 to an estimated 2,300+ today.
These research highlights were presented at the GWI’s inaugural Wellness Real Estate & Communities Symposium.
The event brought together investors, developers, architects, designers and medical experts to discuss the future of this market. Learn more here about accessing the full day of presentations and research packages.
“Just three years ago, wellness real estate was a concept not well understood by consumers, builders, developers or investors, but we predicted demand would soon hit like a tsunami,” said Ophelia Yeung, GWI senior research fellow and report co-author, “that moment has arrived.”
“The pandemic has driven the idea of ‘building for human health’ into the mainstream consumer consciousness, and the recent market growth far exceeded our predictions, as well as general economic growth trends.”
The GWI first defined and measured this sector in its 2018 Build Well to Live Well report.
“So many macro forces – our fast-ageing world, our stress and loneliness crises, the rise of remote work and a consumer demanding more sustainable living – means the growth trajectory for wellness homes and building design will only rise,” said Katherine Johnston, GWI senior research fellow and report co-author.
“But COVID-19 forced us to see our homes and built environment in a radically new light, as the protectors and enablers of our very health and wellbeing.
“Wellness real estate is now quickly moving from elective to essential.”
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27 Jul 2022
Hyperbaric medicine specialist Shai Efrati to keynote Global Wellness Summit
The Global Wellness Summit (GWS) has revealed that Shai Efrati, MD, a respected research
scientist on hyperbaric oxygen therapy, will keynote at the 2022 conference being held in Tel
Aviv from 31 October to 3 November.
25 Jul 2022
International Congress on Thermal Tourism returns after 11-year hiatus
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Expourense in Spain, from 27-29 September 2022.
06 Jul 2022
2022 Rugby League World Cup delivers £25.8m boost to northern communities
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local communities across northern England.
08 Jun 2022
George Gaitanos is latest guest on Medical Wellness Congress digital series
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interviews with its speakers, sponsors and ambassadors with a brand new episode in
conversation with Dr George Gaitanos, chief operating and scientific officer of the Chenot
Group.
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31 May 2022
Countdown kicks off for Global Wellness Day 2022 this June
Saturday 11 June 2022 will mark the 11th anniversary of Global Wellness Day (GWD), an
annual event hosted to emphasise the importance of wellness and taking care of health and
wellbeing.
26 May 2022
Spa Life UK reveals Dr Amanda Foo-Ryland as keynote for June conference
Author, TED Talk host and hypnotherapy specialist Dr Amanda Foo-Ryland has been named
keynote speaker for UK spa industry event Spa Life UK 2022.
27 Apr 2022
W3Spa EMEA sees spa and wellness industry gather in Spain
Industry event W3Spa EMEA has kicked off in Tarragona, Spain, hosted at Le
Méridien Ra Beach Hotel & Spa.
26 Apr 2022
Global Wellness Summit 2022 theme revealed
The Global Wellness Summit (GWS) will host its 2022 conference in Tel Aviv, Israel, from 31 October – 3
November with a theme of 'Open Minds. Open Hearts. Open for Business'.
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