Global SPA Market - By Services, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)

  • ID: 4391381
  • Report
  • Region: Global
  • 115 pages
  • Oristep Consulting
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FEATURED COMPANIES

  • Aspira Spa
  • Clinique La Prairie
  • Emirates Palace Spa
  • Four Seasons Spa
  • Lanserhof
  • Massage Envy
  • MORE
Spas are the most frequented and sought-after destination, mainly due to the feel-good factor/experience they provide. This industry consists not only of day spas but also hotel spas, medical spas, spa resorts, etc. The spas generate a significant amount of money from massage and other bodywork services, with hair, skin and nail care treatment. The spas under this industry usually divides its clients into 4 categories, they are, injury recovery, self-relaxation, alternative care users, and athletes.

Market growth:

This wellness industry is estimated at $156 billion in 2016. The most targeted customers for this sector were females but with the changing trends and growing wellness and health consciousness the new-targeted customers are men a segment, which is registering about 80% growth annually.

Drivers and Constraints:

With growing income in family households and high disposable income people have the ability to spend money on luxuries, which is one of the main drivers for this industry. People even want to make healthy choices and maintain themselves both physically and mentally and spas use this opportunity to build their customer base. The fast moving lifestyle of stress has also resulted into booming business for those involved in providing relaxation and rejuvenation therapy, and spas being on the top of this they make huge revenues

A major constraint for this industry is the pricing, these services are highly priced and not affordable by a mass population, reducing the customer base, and the end user has limited bargaining power when it comes to pricing or bundling in of additional services in their packages. Another constraint is for the players in this industry is the lack of financing by investors as convincing them that you can make success out of this business is difficult. Getting professional staff members who are certified is providing the services you want to offer is also not easy.

The Future:

There are great opportunities for this market in developing countries due to this industry being highly fragmented and unregulated in these area’s, there is a lack of standardization, lack of accredited training institutes, etc. playing a major role, as there is huge scope of improvement. The players in this industry are using this opportunity in countries like India and China to increase their revenues
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Aspira Spa
  • Clinique La Prairie
  • Emirates Palace Spa
  • Four Seasons Spa
  • Lanserhof
  • Massage Envy
  • MORE
1. Research Methodology

2. Executive Summary

3. Market Overview
  • Definition
  • Value chain analysis
  • Porter's 5 Forces
  • Regulations
4. Market Dynamics
  • Introduction
  • Drivers
  • Constraints
  • Opportunities
5. Global SPA market Segmentation, Forecasts and Trends - By Revenue

6. By Services
  • Day, Club and Salon spas
  • Hotel and Resort spas
  • Medical spas
  • Destination spas and health spas
  • Others
7. By Region
  • North America
  • US
  • Canada
  • Europe
  • UK
  • France
  • Spain
  • Italy
  • Others
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Others
  • Latin America
  • Brazil
  • Argentina
  • Mexico
  • Others
  • Middle East and Africa
  • United Arab Emirates
  • Egypt
  • Saudi Arabia
  • South Africa
  • Others
8. Vendor Market Share Analysis

9. Company Profiles
  • Hot Springs Resort and Spa
  • Massage Envy
  • Lanserhof
  • Rancho La Puerta
  • St. Regis Aspen Resort
  • Reflections Medical Spa
  • Aspira Spa
  • Clinique La Prairie
  • Emirates Palace Spa
  • Four Seasons Spa
  • Terme di Saturnia Spa & Golf Resort
  • Fernland Spa Thermal Mineral Springs
  • Others
10. Industry Structure
  • Industry M&As, Consolidations
  • Investment Opportunities
  • Global SPA market - Road Ahead
  • Tables
  • Disclaimer
Note: Product cover images may vary from those shown
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  • Hot Springs Resort and Spa
  • Massage Envy
  • Lanserhof
  • Rancho La Puerta
  • St. Regis Aspen Resort
  • Reflections Medical Spa
  • Aspira Spa
  • Clinique La Prairie
  • Emirates Palace Spa
  • Four Seasons Spa
  • Terme di Saturnia Spa & Golf Resort
  • Fernland Spa Thermal Mineral Springs
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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