According to Fact.MR, the global spa market is expected to represent a value of over US$ 140,000 Mn by the end of 2026.
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting the market growth of global spa market. The study is titled as “Spa Market Research Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global spa market.
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Growing need for stress and pain management due to hectic routines has led to surge in demand for spa therapies globally. Prevalence of chronic diseases such as asthma is further projected to impact the global market growth of spa positively. Fact.MR states that the global market of spa is projected to reflect a CAGR of 5.7% over the forecast period, 2017-2026.
Factors Fuelling Global Market Growth
Growth of the global spa market is mainly bound to various macro-economic and micro-economic factors. Surge in hectic schedules and routines has continued to rev up demand for rejuvenating and relaxing therapies. Demand for anti-ageing treatments for the ageing population is further projected to boost demand for relaxing therapies and treatments globally. As the requirement of detoxifying the system arises, customers prefer spending increasingly on spa therapies.
Prevalence of arthritis and joint pains due to the hectic lifestyle has led to surge in demand for mineral springs spa treatment. The spa centers and resorts are increasingly using Malkinskaya mineral water, which is much known for its therapeutic effects on the cardiovascular conditions. In addition, the spa resorts and centers are also using iodine-bromine waters and hydrosulfuric healing techniques for treatment of chemical and heat burns among children and adults. Increasing demand for hydropathic treatment is mainly bound to growing number of disabled people with limited mobility.
Sales for Thermal/Mineral Springs Spa to Remain High
Growing need to treat various physical ailments such as rheumatism and depression has led to an upsurge in demand for thermal/mineral springs spa globally. During the forecast period, the thermal/mineral spas product type segment is projected to reflect the highest CAGR. In terms of revenue, the hotel/resort spas segment is projected to represent robust revenue growth, recording more than US$ 20,000 Mn by 2026-end.
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Table of Contents
- Global Outlook
- Global Spa Market – Executive Summary
- Global Spa Market Overview
3.1.1. Global Spa Market Taxonomy
3.1.2. Global Spa Market Definition
3.2. Global Spa Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Spa Market Y-o-Y Growth
3.3. Global Spa Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Pricing Analysis
3.7. Value Chain Analysis
3.8. Product Life Cycle
3.9. PESTLE Analysis
3.10. Porter’s Five Forces Analysis
3.11. Regulatory Framework
3.12. Opportunities For Spa in Wellness Industry
3.13. Importance of Spa over Wellness
3.14. Consumers Interest in Spa offerings for wellness
3.15. Global Spa Economy Share
3.16. Thermal/Mineral Spring Industry (with/without spa)
3.17. Wellness Sector Growth Projections
3.18. Spa Facilities & Revenue by Region
3.19. Top 20 Spa Markets
3.20. Spa Facilities & Revenue By Type
3.21. Spa Facility Employment
3.22. Global Spa Economy
3.23. Key Participants Market Presence (Intensity Map) By Region
- Global Spa Market Analysis and Forecast 2012-2026
4.1. Global Spa Market Size and Forecast By Product Type, 2012-2026
4.1.1. Day/Club/Salon Spas Market Size and Forecast, 2012-2026
22.214.171.124. Revenue (US$ Mn) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
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