The Spa Market report includes historic data, present market trends, market environment, technological innovation, upcoming technologies, and technical progress in the related industry. This report provides accurate information about market trends, industrial changes, and consumer behavior, among other factors. The base year for calculation in the report is 2021, with the historic year being 2020, which informs how the Spa Market will perform in the forecast years by outlining market definitions, classifications, applications, and engagements. The significant Spa Market report also aids in prioritizing market goals and achieving profitable business outcomes.
An influential Spa Market survey report is a comprehensive study of the market, offering insights into the market's status in the forecast period of 2022-2029. The market research covered in this report helps the management of a firm plan by providing accurate and up-to-date information about consumer demands, changing tastes, attitudes, preferences, and buying intentions, among other factors. The company profiles of all major market players and brands dominating the Spa Market, with moves such as product launches, joint ventures, mergers, and acquisitions affecting sales, import, export, revenue, and CAGR values, have been cited in the report.
Explore Further Details about This Research Spa Market Report
https://www.databridgemarketresearch.com/reports/global-spa-market
Today, spas are offering personalized premium and super-premium experiences through many wellness conducts and programs. Maintaining a mentally and physically healthy lifestyle is anticipated to increase the demand of the spa therapies. Furthermore, rapid urbanization, sedentary lifestyles and working professionals' hectic schedules have augmented therapeutic spas' preference to relieve stress and anxiety. As a result, spas have include customized best and super-premium capabilities due to which numerous spas treatments and services are gaining momentum.
Data Bridge Market Research analyses that the spa market was valued at USD 60.22 billion in 2022 and is expected to reach USD 155.61 billion by 2030, registering a CAGR of 12.60% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Market Definition
A spa is a place where mineral-rich spring water is used to give medicinal baths. Spa towns or spa resorts normally offer several health treatments, which are also well-known as balneotherapy. The term ‘spa’ encompasses an extensive range of services and can mean everything from a massage and small facial business to expansive destinations of pampering. These locations of relaxation and bathing were believed to benefit well-being and health.
Some of the major players operating in the spa market are:
- Planet Beach Franchising Corporation (U.S.)
- Hot Springs Resort & Spa (U.S.)
- Four Seasons Hotel Limited (Canada)
- ME SPE Franchising, LLC. (U.S.)
- Lanserhof (Austria), Jade Mountain (U.S.)
- Rancho La Puerta Inc. (U.S.)
- Mandarin Oriental Hotel Group Limited (China)
- Crown Resorts Limited (Australia)
- Caesars Entertainment (U.S.)
- Las Vegas Sands Corporation (U.S.)
- Melco International Development Limited (China)
- Genting Berhad (Malaysia)
- Wynn Resorts Holdings, LLC (U.S.)
- Galaxy Entertainment Group Limited (China)
- Omni Hotels & Resorts (U.S.)
Drivers
- Increased wellness and health and activities
The market's expanding momentum is due to some factors such as increasing prevalence of lifestyle-related illnesses and the shifting importance toward wellness and health activities. Many people are turning to wellness and other personal care activities such as sauna treatments, spa therapies and other body therapies as a result of urbanization, hectic lifestyles and an increase in the working population. Spa treatments have numerous advantages, including improving sleep, making skin more luminous, reducing stress, releasing dopamine and serotonin, reducing headaches, relieving pain, improving blood flow and circulation, helping with anti-aging problems, and boosting confidence others.
- Increasing demand for anti-ageing treatments
The rising need for anti-ageing treatments for acne, wrinkles, clogged pores and hyper-pigmentation is further expected to boost the growth of the market. The growing old age population is progressively spending on non-surgical treatments such as peel and exfoliation to improve their mental and physical health. Anti-stress treatment and detoxification of the system will continue to increase the demand for spa treatments in the global market. Such factors are anticipated to drive the market during the forecast period.
Global Spa Market Scope
The spa market is segmented on the basis of service type, facility type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service Type
- Massage
- Beauty/Grooming
- Physical Fitness
- Other Service Types
Facility Type
- Hotel/Resorts Spa
- Destination Spa
- Day/Salon Spa
- Medical Spa
- Mineral Spring Spa
- Other Facility Types
End User
- Male
- Female
Points to focus in the Spa Market report
- The report offers market share appraisals for regional and global Spa Market levels
- To gain detailed overview of parent Spa Market
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the global order management software market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast Spa Market on the basis of type, function and application.
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