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Spa Services Market by Type (Salon Spa, Hotel Spa, Medical Spa, Destination Spa, Mineral Spa and Other Spa) and Geography (North America, Europe, Asia-Pacific, LAMEA)

10-15-2018 03:46 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: Allied Market Research

Spa Services Market

Spa Services Market

Global Spa Services Market projects that the market would reach $154.6 billion by 2022. Medical spa is expected to register the fastest growth, during 2016-2022, according to new research published by Allied Market Research. Europe accounted for the largest market share of about 39.1%, followed by Asia-Pacific and North America, in 2015. LAMEA region is expected to witness the highest growth, owing to rising investments into tourism industry in countries such as Brazil and UAE.

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Growth of the market is fostered by factors such as increasingly hectic lifestyles, rising wellness tourism, rising demand from teenagers and improving standards of living. Moreover, increase in population of working women and rising popularity of spa among male customers is also supplementing the growth of world spa services market. However, scarce availability of skilled labor and lesser penetration in underdeveloped regions limit the market growth to a certain extent. Furthermore, the cost of employing skilled labor in the world spa services market is high, thereby adding to the operation costs incurred by the firms.

The salon spa segment accounted for the largest market share of around 41.8% in 2015. Increase in disposable income among the middle-income class, affordable services, and innovative marketing strategies used by salons contribute to the growth of this segment. However, the highest CAGR of 10.7% is expected to be witnessed by the medical spa segment during the forecast period. Technological advancement in medical treatments such as laser technology, dermal fillers, cellfina, ultratherapy and others are driving the demand for medical spa. Hotel spa and destination spa would also witness notable growth during the forecast period, owed to massive investments in tourism infrastructure in Asia and Middle East.

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The world spa services market was dominated by Europe in 2015, owed to higher demand in Western European countries such as Germany, France, UK and others. In addition, extensive demand arising from Eastern Europe countries due to rising income of middle class customer groups has also contributed significantly to the market growth. Asia-Pacific is the second largest region in the world spa services market owed to huge contribution by countries such as Japan and China, which are highly concentrated with mineral spa. Growth in Asia-Pacific market would also be fostered by booming hospitality industry and the rising popularity of traditional spas such as Ayurvedic and Thai massage in the region.

LAMEA region is expected to witness the fastest growth, with a CAGR of 10.0% during the forecast period, owing to rising investments in tourism industry in countries such as Brazil and UAE. The tourism sector in Brazil is attaining more proficiency and professionalism posing huge avenues for the world spa services market to expand in future.

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Key companies profiled in this report include Four Seasons Hotel Limited, Emirates Palace, Trailhead Spa, Jade Mountain Resort, Massage Envy Franchise LLC, Six Senses Hotels Resorts Spas, Clarins Day Spa, Belmond Maroma Resort & Spa, Lanserhof Tegernsee Spa, and Gaia Retreat & Spa.

List of Tables

TABLE 1 WORLD SPA SERVICES MARKET REVENUE BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 2 WORLD SALON SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 3 WORLD HOTEL SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 4 WORLD MEDICAL SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 5 WORLD DESTINATION SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6 WORLD MINERAL SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 7 WORLD OTHER SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 8 WORLD SPA SERVICES MARKET REVENUE BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 9 NORTH AMERICA SPA SERVICES MARKET REVENUE BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 10 NORTH AMERICA SPA SERVICES MARKET REVENUE BY COUNTRY, 2014-2022 ($MILLION)
TABLE 11 EUROPE SPA SERVICES MARKET REVENUE BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 12 EUROPE SPA SERVICES MARKET REVENUE BY COUNTRY, 2014-2022 ($MILLION)
TABLE 13 APAC SPA SERVICES MARKET REVENUE BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 14 APAC SPA SERVICES MARKET REVENUE BY COUNTRY, 2014-2022 ($MILLION)
TABLE 15 LAMEA SPA SERVICES MARKET REVENUE BY PRODUCT TYPE, 2014-2022 ($MILLION)
TABLE 16 LAMEA SPA SERVICES MARKET REVENUE BY COUNTRY, 2014-2022 ($MILLION)
TABLE 17 EMIRATES PALACE- COMPANY SNAPSHOT
TABLE 18 EMIRATES PALACE- OPERATING SEGMENTS
TABLE 19 FOUR SEASONS HOTEL LIMITED - COMPANY SNAPSHOT
TABLE 20 FOUR SEASONS HOTEL LIMITED - OPERATING SEGMENTS
TABLE 21 THE TRAILHEAD SPA- COMPANY SNAPSHOT
TABLE 22 THE TRAILHEAD SPA - OPERATING SEGMENTS
TABLE 23 MASSAGE ENVY FRANCHISING LLC- COMPANY SNAPSHOT
TABLE 24 MASSAGE ENVY FRANCHISING LLC- OPERATING SEGMENTS
TABLE 25 JADE MOUNTAIN - COMPANY SNAPSHOT
TABLE 26 JADE MOUNTAIN - OPERATING SEGMENTS
TABLE 27 SIX SENSES HOTELS RESORTS SPAS - COMPANY SNAPSHOT
TABLE 28 SIX SENSES HOTELS RESORTS SPAS - OPERATING SEGMENTS
TABLE 29 CLARINS GROUP- COMPANY SNAPSHOT
TABLE 30 CLARINS GROUP- OPERATING SEGMENTS
TABLE 31 LANSERHOF TEGERNSEE- COMPANY SNAPSHOT
TABLE 32 LANSERHOF TEGERNSEE - OPERATING SEGMENTS
TABLE 33 BELMOND MAROMA RESORT & SPA - COMPANY SNAPSHOT
TABLE 34 BELMOND MAROMA RESORT & SPA - OPERATING SEGMENTS
TABLE 35 GAIA RETREAT & SPA - COMPANY SNAPSHOT
TABLE 36 GAIA RETREAT & SPA - OPERATING SEGMENTS

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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