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.
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.
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Spa Market Scope and Market Size
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.
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.
Key Players: Spa Market
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)
MAJOR TOC OF THE REPORT
Chapter One: Spa Market Overview
Chapter Two: Spa Market competition, by Players
Chapter Four: Spa MarketSize by Regions
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Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the Patch Based Wound Healing Products Market
Analysis of market effect factors and their impact on the forecast and outlook of the Spa Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the Patch Based Wound Healing Products Market
Key Questions Answered in Report:
What will the Spa Market Demand and what will be Growth?
What are the latest opportunities for Spa Market in the future?
What are the strengths of the key players?
Which region accounted for the largest Spa Market share?
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