The global market for wellness real estate was valued at $463.24 billion in 2024 and is projected to reach $944.11 billion by 2030, rising at a compound annual growth rate (CAGR) of 12.60%, according to a new forecast by Research and Markets.
North America accounts for 40% of the global market, which the new forecast attributed to “a growing focus on health and wellness, an aging population, technological advancements, rising stress levels, wellness tourism, busy lifestyles, and increasing awareness of sustainability.” The Middle East and Africa wellness real estate market is predicted to have the fastest-growing CAGR at 14.62% during the forecast period, due to factors including rising disposable incomes, economic development, and the expansion of wellness tourism.
The forecast credits the adoption of smart technology, biophilic design, the shift towards healthier work environments, and a growing awareness about health and well-being as significant drivers in the global wellness real estate market. However, high construction costs are seen as a challenge to this sector’s growth.
“This is due to the specialized materials engineering & design, advanced technologies, labor costs, and certifications and standards,” said the report. “Wellness real estate incorporates various materials that are more sustainable or healthier, which will be more expensive than regular building materials. It includes advanced water filtration systems, non-toxic and natural insulation materials, and low-VOC sealants & paints for improved air quality. Wellness real estate required specialized engineering and design to incorporate the various features, such as acoustic optimization for reduction of noise, increased ventilation and natural light, and biophilic design.”
