The wellness real estate market reached $584 billion in 2024, and it’s just getting started. According to the Global Wellness Institute’s newly released Build Well to Live Well: The Future report, the sector is projected to double by 2029, hitting $1.1 trillion.
A rapidly expanding market
Growing at an annual rate of 19.5 percent—nearly four times faster than general global construction—wellness real estate has evolved from luxury-focused amenities to a multidimensional approach that integrates physical, mental, social, and environmental wellbeing.
Today, the market accounts for 3.3 percent of global construction output, outpacing every other segment in the $6.3 trillion wellness economy.
North America leads the global market, comprising 44 percent of the total, with the U.S. alone representing 41 percent. However, some of the fastest-growing regions include Latin America, the Middle East, and Europe, with countries like the UK, Netherlands, Singapore, and Vietnam showing double-digit annual growth.
What’s in the GWI report
GWI’s 160-page report underscores the sector’s transformation, noting five major shifts: the expansion into new real estate classes (such as senior living and student housing); a shift from physical to holistic wellness; movement beyond luxury to affordable housing; the rise of large-scale, master-planned communities; and the convergence of green and human-centered design.
The report also identifies 12 unmet needs and future market opportunities—from climate-adaptive buildings and wellness-centered co-living models to neuroarchitectural design and health-focused urban regeneration—supported by global project examples.
Download the free report here and find the graphs here.
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