Press release
Spa Market Size Expected huge Progress through the 2017-2026 Including Opportunities, Strategies, Suppliers, Consumption, Challenges, Revenue, & Forecast by Application, Technologies and Region – North America, APEJ, MEA, Europe, Japan
The next section offers an overview of the global spa market. This comprises an introduction to the market, along with a standard definition of the product – spa. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
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The changing trends is expected to fuel significant demand for investing in spa therapies for health and wellness consciousness. Hectic schedules is resulting in mental exhaustion along with eating and sleeping disorders globally. Unhealthy lifestyle has led to growing need for stress management, peace of mind and detoxification of the system. Demand for spa therapies is expected to remain high attributed to increasing need for maintaining a physically and mentally healthy lifestyle. In addition, prevalence of chronic diseases is further expected to boost demand for spa therapies globally. Surge in demand for detoxification of system, stress management and therapies for chronic disorders is expected to propel growth of the global spa market significantly.
Mental exhaustion and stress due to hectic lifestyle has led to increased spending on relaxing and rejuvenating therapies such as spa and aromatherapy. 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.
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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. In addition, patients with severe case of chronic diseases are suggested not to spend on spas. These factors are likely to inhibit growth of the global spa market during the forecast period.
Hotel/Resort Spa to Represent a Leading Segment
Preference for relaxing therapies during trips and tourism has led to surge in demand for spa therapy in hotel/resort spas globally. On the basis of product type, the hotel/resort spas segment is expected to generate significant revenues in the global spa market during the forecast period. However, the thermal/mineral springs spas product type segment is expected to register a robust CAGR through 2026.
Competition Tracking
Leading market players operating in the global spa market include Grand Resort Bad Ragaz, COMO Shambhala Estate, Canyon Ranch, Forte Village Resort, St. Regis Bahia Beach Resort, Chiva Som International Health Resort, The Connaught, Four Seasons Resort Bora Bora, Rancho La Puerta and The Chedi Andermatt.
Table of Contents
Global Outlook
Global Spa Market - Executive Summary
Global Spa Market Overview
3.1. Introduction
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
Continued…………………..
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