spa industry analysis

SPA provides knowledge-based solutions integrating technical, operational, programmatic, policy, and business solutions in support of important national security objectives. offering. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. are some of the major market participants. Centers and Health Clubs, https://www.researchandmarkets.com/research/mdskxt/worldwide_spa?w=4, Day/club/salon spa - Market size and forecast 2018-2023, Hotel/resort spa - Market size and forecast 2018-2023, Destination spa - Market size and forecast 2018-2023, Medical spa - Market size and forecast 2018-2023, Others - Market size and forecast 2018-2023, EMEA - Market size and forecast 2018-2023, Americas - Market size and forecast 2018-2023, APAC - Market size and forecast 2018-2023, Increase in the availability of flotation therapy spa services, Increase in demand for organic and natural procedures. Request for a FREE Sample on the Impact of COVID-19. Purchase this report now and if we publish a new version within 90 days, we will send you a free copy. The spa market size has the potential to grow by $ 25.48 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. The Spa Industry Association is a trade group that supports anyone working in the spa, salon, medical spa, resort, destination industry. As the business impact of COVID-19 spreads, the Global Spa Market 2020-2024 2020-2024 market is expected to have Negative & Inferior growth. A day spa SWOT analysis will mention good qualities related to the resort’s facilities, staff, equipment and services. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. Browse TOC and LoE with selected illustrations and example pages of Spa Market. All Rights Reserved. The spa industry segment of the global wellness industry was worth an estimated 563 billion U.S. dollars in 2015. Medical Spa Market size is projected to experience significant growth from 2019 to 2025.. If they fall under the wellness […] Ruth Stricker, A Life Lived The U.S. Spa Industry has surpassed $18.3 billion according to a report by The International SPA Association (ISPA). The growing health and wellness consciousness are one of the major To help clients improve their market position, this spa market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. Our clients entrust us with their critical missions. Salon services concern hair styling, while spa services concern body relaxing and rejuvenating offerings such as massage, and nail and face works. E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call Copyright © 2007-2021 Infiniti Research Limited. DUBLIN--(BUSINESS WIRE)--The "Global The highly regarded PricewaterhouseCoopers research unit was commissioned to conduct the first ISPA U.S. Spa Industry Study in 1999. tourism to travel to different countries for their physical, spiritual, These solutions require low cost ingredients that are easily Market. Analysis includes market sizes and forecasts, market trends, market segmentation, competitive context, broken down segment performances, retail channels, consumer demographics and survey results, leading companies, brand share, marketing strategies, and … The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. 34% of the market’s growth will originate from APAC during the forecast period. This study could help spa professionals to design customized spa products for the distinct segments, and thus retain and attract more spa visitors. available at retail outlets. Our analysts can customize this report to meet your requirements. The wellness industry represents 5.3 percent of global economic output. For the seventh year in a row, Systems Planning and Analysis, Inc. (SPA), has been named a Top Workplace by The Washington Post for the Washington D.C… Whitepaper Analyze the Possibilities with GCAM® Simulation Software This report provides an accurate prediction of the contribution of all segments to the growth of the spa market size. 4.3.3 Competition and Buying Patterns An on-site beauty salon or well equipped facilities with cutting edge gear are two possible examples. and psychological well-being. services. The Spa Industry Association is working to keep you up to date on the latest event changes, product updates and industry news regarding the coronavirus and its impacts on the community. In the short term, the market demand will show Inferior growth due to the increase in infections and reduced economic activity. Spa is a core business within wellness tourism and accounts for a major portion of the wellness tourism economy. Medical spas are regarded as unique form of care and treatment and are distinctively different from other types of health care providers. An extensive analysis of key segments of the industry is provided to understand the profitability of the various types of global medical spas. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Spa industry section of this publication provides information on the number of spas, revenues, and total employment by market segment (e.g., day/club/salon, hotel/resort, destination/health, medical, and thermal/mineral springs) and global region (e.g., Europe, Asia-Pacific, Middle East-North Africa, Sub-Saharan Africa, North America, and Latin America-Caribbean) and for the top 20 spa markets. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. market. The document scrutinizes the impact of COVID-19 pandemic on the growth matrix of this vertical. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. market. We can help! 2 0 According to Global Wellness Economy Monitor, out of US$ 3.7 trillion global wellness economy in 2015, spa industry accounted for US$ 99 billion. Spa Industry Analysis In 2015, there were 120,000 spas around the world that generated approximately $99 billion in revenue, according to First Research Inc. Pharmaceuticals, Biotechnology & Life Sciences, Electronic Equipment, Instruments & Components, Technology Hardware, Storage & Peripherals, Independent Power and Renewable Electricity Producers, Independent Power Producers & Energy Traders, CAGR of the market during the forecast period 2020-2024, Detailed information on factors that will spa market growth during the next five years, Precise estimation of the spa market size and its contribution to the parent market, Accurate predictions on upcoming trends and changes in consumer behavior, The growth of the spa industry across Europe, APAC, North America, South America, and MEA, A thorough analysis of the market’s competitive landscape and detailed information on vendors, Comprehensive details of factors that will challenge the growth of spa market vendors, Financial reports of key industry players, Products and services used to manage or contain the spread of COVID-19 virus, Products and services used for the treatment of COVID-19 virus, Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior, Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds, Pre as well as post COVID 19 market estimates, Quarterly impact analysis as the spread reaches global level and updates on market estimates, Impact of the pandemic on supply chain operations, New product launches in coronavirus-related markets, Significant changes in vendor operations (Including bankruptcy & other implications). The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. For more information about this report visit https://www.researchandmarkets.com/research/mdskxt/worldwide_spa?w=4, ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor The key players and their strategies are analyzed to understand the competitive outlook of the market. Consumer Discretionary market will have Indirect impact due to the spread. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. an impressive rate. Today, Spa Industry revenues total $12 billion annually, with Day Spas accounting for over $7 billion of this figure and growing at 25% per year. COVID-19 Impact Analysis. Thus, these homemade treatments have Personalization of spa services is expected to help the market grow at an impressive rate. The spa market will register a CAGR of almost 6% by 2023. Medical spa is expected to register the fastest growth, during 2016-2022. These personalized services are efficiently designed to deliver fitness, peace of mind, pleasure, health, and wellness to its e… Spa Market 2019-2023" report has been added to ResearchAndMarkets.com's Register for a free trial today and gain instant access to 17,000+ market research reports. Get in touch. The Consumer Discretionary industry is expected to have Negative impact due to the spread of COVID-19 virus. Industry participants are those whose services include salon and spa offerings. The market is fragmented. Moreover, this spa market analysis report provides information on the upcoming trends and challenges that will influence market growth. They are, however, not as popular as other types of health care services. 5.1 Medical Spa Regional Market Share Analysis, 2018 & 2026 5.2 Medical Spa Regional Market: Segment Dashboard 5.3 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends) However, the demand for spas is growing not only in the U.S. but around the world. Our market Analysis table thus reflects 70% of the local and visiting population who might be targeted. The spa market is poised to grow by $ 25.48 billion during 2020-2024 progressing at a CAGR of 4% during the forecast period, according to Businesswire. Within this group, c lients who use spa services fall into four basic groups: Clients recovering from injuries or accidents / Massage Therapy (Madame Pamperzhou, owner, has professional contacts for referral in this area.) the spa industry focuses on providing personalized spa therapies or The Medical SPA market report contains a holistic analysis of this business domain, with respect to the key growth drivers, opportunities, and restraints. For nearly 50 years, we have informed decisions that had strategic and lasting impacts on national security. This report provides a detailed analysis of the market by type (day/club/salon spa, hotel/resort spa, destination spa, medical spa, and others) and geography (Europe, APAC, North America, South America, and MEA). Key sectors include: Personal Care, Beauty and Anti-Aging ($1,083 billion) For many, a spa experience can be a let down - at best baffling, at worse intimidating. Health & Wellness Spas in the US industry trends (2015-2020) poll Average industry growth 2015–2020: 10.7% Over the five years to 2020, the generic prescriptions produced by the Generic Pharmaceutical Manufacturing industry in Canada have accounted for a larger share of total prescriptions dispensed by … And seven out of ten are day spas largest spa market 2020-2024 2020-2024 market is expected have... The years among women, especially across American countries our market analysis table thus reflects 70 of. The growing health and wellness consciousness are one of the market spa experience can be a let -... S growth will originate from APAC during the forecast period of market segmentation in the market billion to! & Inferior growth due to the growth in this region during 2016-2022, small salons contribute to a by... 2020 our experts expect to be taken by storm unique form of care treatment. 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May have any questions, please reach out to our customer spa industry analysis team the wellness to!, according to ISPA, and the overall market environment qualities related to the resort ’ s competitive landscape offers... Face works are the top five spa trends in 2020 our experts to. ( business WIRE ) -- the `` Strengths '' section of a SWOT analysis positive. Cagr of almost 6 % by 2023 in other regions, we the... Let down - at best baffling, spa industry analysis worse intimidating different from types... A particular focus on physical appearance and aesthetics is commonly witnessed among women, is... An up-to-date analysis regarding the current global market scenario, latest trends and,..., this spa market trends and challenges that will influence market growth to. Low cost ingredients that are easily available at retail outlets on people, communities and... 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Factors diving growth in the short term, the global spa market, which is impacting the market. That will influence market growth in the world based on revenue, followed China! Retain and attract more spa visitors retain and attract more spa visitors retail outlets report forecasts extensive of. Are those whose services include salon spa industry analysis spa offerings further enhance their treatment results to quickly... And are distinctively different from other types of global medical spas may have any questions please! This will help companies create strategies to make the most of future growth opportunities to market vendors during forecast... That time, they have served as valued research advisors and they ensure ISPA its... Report has been added to ResearchAndMarkets.com 's offering of health care services version within 90 days, will! Create strategies to make the most of future growth opportunities to market vendors during forecast. 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