Spa Services Market Expected to Reach $154.6 Billion | By Top Leading Companies 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 R

Medical spas with a motive to provide medical treatments within a relaxing environment would witness increase in demand across the world. Increasing popularity of the medical spa is attributed to rising wellness tourism in countries such as US, Germany, Japan and others.

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.

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.

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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.

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.

Key Findings of Spa Services Market Study:

• Europe was the highest revenue-generating region in the world spa services market in 2015.
• LAMEA is anticipated to witness the highest CAGR during the forecast period.
• Salon spa was the largest revenue-generating segment in 2015.
• Medical spa is anticipated be the fastest growing spa segment due to rapid advancements in medical field.
• The report provides actual historical figures for 2014 and 2015 and provides Y o-Y forecasts for 2016 to 2022, considering 2015 as base year.

List of Figures

FIG. 1 TOP IMPACTING FACTORS FOR THE WORLD SPA SERVICES MARKET
FIG. 2 TOP WINNING STRATEGIES IN WORLD SPA SERVICES MARKET
FIG. 3 TOP INVESTMENT POCKETS (SERVICE TYPE)
FIG. 4 VALUE CHAIN ANALYSIS OF WORLD SPA SERVICES MARKET
FIG. 5 PORTERS FIVE FORCES ANALYSIS
FIG. 6 MARKET PLAYER POSITIONING OF WORLD SPA SERVICES MARKET, 2015
FIG. 7 COMPARITIVE MARKET SHARE ANALYSIS OF WORLD SPA SERVICES MARKET BY PRODUCT TYPE, 2014& 2022 (%)
FIG. 8 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD SALON SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 9 WORLD SALON SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 10 WORLD SALON SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 11 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD HOTEL SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 12 WORLD HOTEL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 13 WORLD HOTEL SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 14 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD MEDICAL SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 15 WORLD MEDICAL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 16 WORLD MEDICAL SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 17 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD DESTINATION SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 18 WORLD DESTINATION SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 19 WORLD DESTINATION SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 20 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD MINERAL SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 21 WORLD MINERAL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 22 WORLD MINERAL SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 23 COMPARITIVE REGIONAL MARKET SHARE ANALYSIS OF WORLD OTHER SPA SERVICES MARKET, 2014 & 2022 (%)
FIG. 24 WORLD OTHER SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 25 WORLD OTHER SPA SERVICES MARKET SHARE ANALYSIS BY GEOGRAPHY, 2014-2022 (%)
FIG. 26 COMPARATIVE MARKET SHARE ANALYSIS OF WORLD SPA SERVICES MARKET BY GEOGRAPHY, 2014 & 2022 (%)
FIG. 27 COMPARITIVE MARKET SHARE ANALYSIS OF NORTH AMERICA SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 28 UNITED STATES SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 29 CANADA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 30 MEXICO SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 31 COMPARITIVE MARKET SHARE ANALYSIS OF EUROPE SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 32 GERMANY SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 33 RUSSIA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 34 FRANCE SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 35 REST OF EUROPE SPA SERVICES MARKET REVENUE, 2014-2022 $MILLION)
FIG. 36 COMPARITIVE MARKET SHARE ANALYSIS OF APAC SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 37 JAPAN SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 38 CHINA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 39 THAILAND SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 40 INDONESIA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 41 REST OF APAC SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 42 COMPARITIVE MARKET SHARE ANALYSIS OF LAMEA SPA SERVICES MARKET BY COUNTRIES, 2014 & 2022 (%)
FIG. 43 BRAZIL SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 44 MIDDLE EAST SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)
FIG. 45 REST OF LAMEA SPA SERVICES MARKET REVENUE, 2014-2022 ($MILLION)

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