Spa Bed Market Size Analysis 2022 Top Regions, Key Players and Investments Opportunities Forecast -2028

The global spa bed market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028).

Spa beds are the furniture used in body treatment places including beauty salons and spa centers. The major factor attributing to the growth of the global spa bed market includes the increasing use of spa services due to the increasing purchasing power of people due to increasing adjusted net national income per capita across the globe. According to the World Bank Data statistics, the net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Thus, increasing the demand for spa beds.

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The use of spa beds is also increasing for body-related concerns including back pain, neck pain, digestive disorders, and others due to collapsing health resulting in increased use of relaxing treatment, pain management, anti-aging, and internal body healing packages. According to the "10 wellness trends for 2020" report published by the global wellness summit in January 2020, it has been identified that the wellness need of the old age generation is an important aspect. Thus, contributing to the growth of the global spa bed market.

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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-

• In March 2021, Kempinski Hotels S.A. acquired Resense Spa S.p.A., a global expert in spa & wellness creation, development, and performance. This acquisition will provide high-end spa services to Kempinski Hotel's customers using Resense Spa's expertise.

• In October 2020, Hilton Hotels & Resorts expanded its services by opening a new hotel in Rajasthan, India with the name "Double Tree". The Double Tree hotel will provide fitness & spa services.

• In October 2019, Marriot International Inc., an American-based global company that operated, franchises, and licenses real estate properties expanded its services by opening a new J.W. Mrriot's resort & spa in Vagura Islan of Maldives. The new J.W. Marriot will offer signature spa services of Marriot including head-to-toe pampering & luxurious treatments for the tourists of Maldives.

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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- ComfortSoul, EarthLite LLC, Meden-Inmed Sp. Z o.o., DAM S.r.l., and Somethy Technologie, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Spa Bed Market Report by Segment

By Type
• Double Fold Bed
• Three-Fold Bed

By Application
• Beauty Salon
• Spa
• Others

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Orion Market Reports (OMR) endeavors to provide an exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and the most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

This release was published on openPR.