The wellness real estate market will register a CAGR of almost 8% by 2023
NEW YORK, Feb. 19, 2019 /PRNewswire/ -- About this market
To maintain wellness among luxurious housing sector, developers are increasingly introducing open-air yoga studios and medicinal gardens with calming herbs and meditation courtyards in their residential projects. Also, wealthy homebuyers demand eco-sensitive abodes that are built with natural products and interior design elements that help promote mental clarity. Furthermore, the increase in the number of partnerships and associations among vendors will drive the market in the luxurious sector during the forecast period. Technavio's analysts have predicted that the wellness real estate market will register a CAGR of almost 8% by 2023.
Read the full report: https://www.reportlinker.com/p05741944
Market Overview
Increased emphasis on green building
The rising concerns over the emission of harmful gases through buildings have fueled the demand for green buildings. The demand for green buildings is further catered by the rise in the number of global green organizations and other federal organizations, which are launching various programs to convert the existing buildings into green buildings. thereby driving the growth of the global wellness real estate market.
High competition in the wellness real estate market
The global wellness real estate market is fragmented, with the presence of multiple regional as well as international vendors operating in the market. This, in turn, has increased the market competitiveness among vendors, thereby resulting in a high threat of rivalry.
For the detailed list of factors that will drive and challenge the growth of the wellness real estate market during the 2019-2023, view our report.
Competitive Landscape
The wellness real estate market appears to be highly fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Read the full report: https://www.reportlinker.com/p05741944
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