Technogym
Technogym
Technogym

Wellness real estate market nearly doubles between 2017-2020, finds new GWI research

by Megan Whitby | 28 Sep 2021
Wellness real estate grew 22 per cent during 2020
Wellness real estate is heavily concentrated in North America, Asia-Pacific and Europe
The US, China, Australia, UK, Japan, France and Germany account for 82 per cent of the wellness real estate market
International wellness residential projects grew from 740 in 2017 to an estimated 2,300+ today
We predicted demand would soon hit like a tsunami and now that moment has arrived
– Ophelia Yeung

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.”

    Wellness real estate  Global Wellness Institute  GWI  Ophelia Yeung  Katherine Johnston 
    Related stories
    24 Sep 2021

    Report: Leisure shift drives wellness real estate during the pandemic

    23 Sep 2021

    Global Wellness Institute launches new initiative to bring healthy habits and wellness into the classroom

    19 Jun 2021

    GWI refreshes UN Sustainable Development Goals initiative with new leadership appointments

    09 Apr 2021

    First 1000 Day of Wellness to unveil conception wellness training led by Christine Clinton and Joanne Berry

    19 Mar 2021

    World Sleep Day: GWI launches Sleep Initiative to uncover secrets of truly restorative sleep

    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
    CLD,SAB,WHM,EVT
    Sustainable wellness community Serenbe in Georgia, US, is focused on healthy living and has become a model for the built environment’s role in a healthy lifestyle / Serenbe
    More news
    News stories: 1 - 30 of 7784     
     
     
     
    News stories: 1 - 30 of 7784     
     
     
     
    featured supplier
    Featured Supplier: CSI Design Expo Americas 2024 announces new Attractions & Entertainment Technology Zone
    Cruise Ship Interiors (CSI) invites cruise lines, shipyards, design studios, outfitters, and suppliers to take part in CSI Design Expo Americas in Miami, Florida, the region’s only event dedicated to cruise ship interior design.
    company profile
    Company profile: Art of Cryo
    Art of Cryo is a new division of a renowned family business with 30 years’ experience in ultra-low temperature equipment. A 28-year old legacy of building the best quality solutions for whole-body cryotherapy is the foundation to offer our high performance cryo chambers - The Art of Cryo Vaultz®.
    Try cladmag for free!
    Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
    sign up
    features
    François Pinault
    Tadao Ando architect
    "The most important challenge is maintaining this old classical context"

    Renovating the Bourse de Commerce for Francois Pinault's Paris art museum

    Matteo Thun: Simplicity and sustainability should be at the heart of all design
    Matteo Thun leads a design studio of over 70 people, with offices in Milan and Shanghai
    "We want a longer life cycle for every product, even if it means business is slower"

    Simplicity and sustainability should be at the heart of all design argues the Italian architect

    The stepped pool shown in cross section
    Architect, resort owner and pool designer Emanuele Boaretto
    "We’re now consulting all over the world with architects and developers on other dive pool projects "

    Kath Hudson talks to Italian architect Emanuele Boaretto about building the world’s deepest diving pool to regenerate both his own spa resort and the region

    Catalogue Gallery
    Click on a catalogue to view it online
    To advertise in our catalogue gallery: call +44(0)1462 431385
    features
    The Manica-designed main sport and entertainment facility at Shantou Sport Park, China
    David Manica founded Manica Architecture in 2007
    "The SEED concept works toward the legacy solution as a starting point"

    Rethinking the stadia legacy challenge

    Ninety per cent of 
the site’s trees will be preserved, with the rest used as wood for furniture
    "Like other cultural institutions, libraries provide something that the internet cannot: genuine human interaction"

    How excitingnewprojects arechanging theface oflibrarydesign

    all aspects of the lives of the family, including religion, culture and art, have been carefully considered
    "Vastu can be dated back to at least the 6th century and is deeply rooted in the physical and spiritual fabric of Hindu society"

    Chris Godfrey of global architecture practice Hirsch Bedner, on bringing a spiritual dimension to residential architecture in India

    features
    "With 3D printing we can actually imitate life’s structures, but we need to get it right and use a small material palette. In the natural world there are only about five common materials that are used over and over again"

    Bionic leaves, breathable metals and selfgrowing bricks... Biomimicry in architecture has come a long way. Christopher DeWolf takes a look at the latest advances

    The installation uses new liquid crystal technology developed by researchers to create the rainbow
    The Van Gogh Cycle Path runs from where Vincent Van Gogh lived between 1883 and 1885
    "This is not a projection or a slide – it’s a real rainbow"

    His Rainbow Station light installation

    cladkit product news
    Codelocks develops new glass door smart lock
    The new lock model allows facilities and building managers to create and manage access via an app or online portal
    Megan Whitby
    Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
    Jaffe Holden helps bring Academy Museum of Motion Pictures alive
    Jaffe Holden provided architectural acoustics for the Academy Museum
    Magali Robathan
    Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
    Mather & Co and ITV unite to create Coronation Street Experience
    Mather & Co has transformed the visitor centre into the ultimate haven for ardent Coronation Street viewers
    Magali Robathan
    Experience designers, Mather & Co, have orchestrated a remarkable collaboration with ITV to unveil the new Coronation Street Experience, a ...
    cladkit product news
    Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
    The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
    Megan Whitby
    Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
    Eco Resort Network conference to convene in Mauritius this May
    The event will be hosted in the Mauritius in 2024
    Megan Whitby
    Hospitality industry event Eco Resort Network is set to take place at the Ravenala Attitude Hotel, Turtle Bay, Mauritius, from ...
    Siminetti unveils iridescent decorative panelling range inspired by plants
    The Clematis design
    Megan Whitby
    The Botanicals is Siminetti’s newest Mother of Pearl decorative panelling collection, inspired by the distinctive patterns found in botany and ...
    cladkit product news
    Koto Design introduces wood-fired hot tub
    Koto is known for crafting modular, energy-neutral cabins and homes
    Katie Barnes
    A striking wood-fired hot tub has been unveiled by Koto, an architecture and design studio which has a passion for ...
    Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
    The showerhead offers two modes; rainfall or waterfall
    Megan Whitby
    Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
    Eden project uses drones to spell out climate change warning
    Magali Robathan
    Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
    x
    Sign up with CLAD for regular news updates
    x
    Email this to a friend or colleague
    I am happy for Leisure Media to contact me occasionally by email and understand that I can opt out at any time.
    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).
    Technogym
    Technogym