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The global Spa market size is expected to be worth around US$ 217.9 Bn by 2030, according to a new report by Vision Research Reports.

The global Spa market size was valued at US$ 57.5 billion in 2020 and is anticipated to grow at a CAGR of 22.1% during forecast period 2021 to 2030.

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Mental exhaustion and stress due to hectic lifestyle has led to increased spending on relaxing and rejuvenating therapies such as spa and . With the increasing disposable, customers prefer spending on luxurious services and relaxing therapies. Increasing demand for rejuvenating and relaxing therapies to detoxify the system will continue to fuel demand for range of spa therapies.

Hectic routines can further lead to physical stress leading to increasing demand for pain management. Demand for pain management will continue to contribute towards growth of the global spa market significantly. Leading players in the global market are increasingly capitalizing on such opportunity and offering range spa therapies to gain a competitive edge.

Growing need for anti-ageing treatments for clogged pores, acne, wrinkles and hyper-pigmentation is further expected to impact growth of the global spa market. Increasing old age population is increasingly spending on non-surgical treatments such as exfoliation and peel to improve their physical and mental health.

Detoxification of the system and anti-stress treatment will continue to rev up demand for spa treatments in the global market. Such factors are expected to contribute towards growth of the global spa market during the forecast period.

Key Players

• Planet Beach
• Hot Springs Resort & Spa
• Four Seasons Hotel Limited
• Massage Envy
• Lanserhof
• Jade Mountain
• Rancho La Puerta
• Mandarin Oriental Hotel Group
• Omni Hotels & Resorts
• Emirates Palace Spa

Market Segmentation

• Service Type Outlook
  • Hotel/Resorts Spa
  • Destination Spa
  • Day/Salon Spa
  • Medical Spa
  • Mineral Spring Spa
  • Others
• Regional Outlook
  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Central & South America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa

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Spending on steam rooms and saunas help in eliminating the toxins through skin and opens airways of the asthmatic patients. Moreover, increasing spending on steam baths help in the treatment of the upper respiratory problems, coughing and bronchitis through loosening phlegm and mucus. Growing need for asthmatic relief and relaxation is expected to contribute towards growth of the global spa market.

However, the global spa market is expected to witness inhibiting growth due to various factors such as expensive spa packages and continues to remain a conventional therapy for pain management and asthmatic relief. Increasing number of new players and one-stop spa services in the global market is expected to rev up the competition levels for the established market players.

Why to Buy this Report?

• This market report is the perfect presentation of the qualitative and quantitative analysis of the market according to categorization considering economic and non-economic factors.
• It also provides provision of market value (USD Million) data for every segment and sub-segment.
• This report further focuses on prominent regions and segmentation of the market, which is anticipated to record the rapid growth and dominate the market.

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

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