DUBLIN, Jan. 30, 2023 (GLOBE NEWSWIRE) — The “Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity, Forecast 2022-2027” report has been added to ResearchAndMarkets.com an offer.
The global spa market size reached US$44.6 billion in 2021. Looking ahead, the publisher expects the market to reach US$91.2 billion by 2027, at a CAGR of 12.66% over the period 2021-2027.
Bearing in mind the uncertainties related to COVID-19, we are continuously tracking and evaluating the direct and indirect impact of the pandemic. These insights are included in the report as a major market contributor.
A spa refers to a business establishment that provides health management services and body relaxation services. The services offered include a wide range of therapeutic treatments, such as massages, body scrubs, steam baths, facials, saunas, and manicures and pedicures.
They are commonly offered by day spas, hotels, resorts, destination spas, medical spas, and mineral or thermal spas. These establishments also offer customizable treatments that have anti-aging and de-stressing effects, and are also beneficial for managing stress, medical ailments, detoxifying the body, managing weight, and strengthening the immune system.
One of the major factors creating a positive outlook for the market is the significant growth in the medical tourism industry. Moreover, increasing health awareness among the masses is also driving the growth of the market. Due to rapid urbanization, sedentary lifestyles, and hectic schedules of working professionals, there is a growing preference for therapeutic spas to reduce anxiety and stress.
In line with this, spas that offer superior quality, personalized experiences through various wellness programs and treatments are gaining traction as they expand their client base to include individuals who prefer to relax in a relaxing setting.
In addition, the availability of natural and organic procedures and flotation treatments and the increasing use of innovative social media marketing strategies to enhance brand positioning act as other growth catalysts.
Contemporary spas that provide facials and detoxification treatments using organic ingredients, exfoliation, and water-based items that promote natural skin healing, along with increased consumer spending, have also fueled the growth of the industry.
Competitive scene:
The report also analyzed the competitive landscape of the market with some of the major players being Canyon Ranch Inc. Emirates Palace, Four Seasons Hotels Limited, Grand Resort Bad Ragaz AG, Harrison Hot Springs Resort & Spa Corp. , Lanserhof GmbH, and Marriott. International Inc. Massage Envy Franchising LLC, Planet Beach Franchising Corporation, Rancho La Puerta Inc. and Six Senses Hotels Resorts Spas (InterContinental Hotels Group).
Key questions answered in this report:
- How has the global spa market performed so far and how will it perform in the coming years?
- What will be the impact of COVID-19 on the global Spa market?
- What are the main regional markets?
- What is the market segmentation by type?
- What is the market segmentation based on the end user?
- What are the different stages in the value chain of an industry?
- What are the key drivers and challenges in the industry?
- What is the structure of the global Spa market and who are the key players?
- What is the degree of competition in the industry?
| report attribute | details |
| number of pages | 143 |
| forecast period | 2021 – 2027 |
| Estimated market value (in USD) in 2021 | $44.6 billion |
| Projected market value (in USD) by 2027 | $91.2 billion |
| The total annual growth rate | 12.6% |
| covered areas | worldwide |
Main topics covered:
1 Introduction
2 Scope and methodology
3 executive summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 global spa market
5.1 Market Overview
5.2 Market performance
5.3 Impact of COVID-19
5.4 Market Outlook
6 Segmentation of the market by type
6.1 Spa salon
6.1.1 Market Trends
6.1.2 Market Outlook
6.2 Hotel and spa resort
6.2.1 Market Trends
6.2.2 Market Outlook
6.3 Medical spa
6.3.1 Market Trends
6.3.2 Market Outlook
6.4 Destination Spa
6.4.1 Market Trends
6.4.2 Market Outlook
6.5 Thermal Springs Resort
6.5.1 Market Trends
6.5.2 Market Outlook
6.6 other
6.6.1 Market Trends
6.6.2 Market Outlook
7 Disintegration of the market by the end user
7.1 male
7.1.1 Market Trends
7.1.2 Market Outlook
7.2 female
7.2.1 Market Trends
7.2.2 Market Outlook
8 Segmentation of the market by region
9 SWOT analysis
10 Value Chain Analysis
11 Porter’s Five Forces Analysis
12 price analysis
13 Competitive landscape
13.1 Market Structure
13.2 The main players
13.3 Profiles of key players
13.3.1 Canyon Ranch Company
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Emirates Palace
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Four Seasons Hotels Limited
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 SWOT analysis
13.3.4 Grand Resort Bad Ragaz AG
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Harrison Hot Springs Resort & Spa Corp.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6 Lanserhof GmbH
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financial Statements
13.3.7 Marriott International
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financial Statements
13.3.7.4 SWOT analysis
13.3.8 Massage Envy LLC Franchise
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Planet Beach Franchise Corporation
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 Rancho La Puerta Inc
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.11 Six Senses Hotels Resorts Spas (InterContinental Hotels Group)
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
For more information on this report, visit https://www.researchandmarkets.com/r/ovfk5t-market?
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