Spa Services Market to Reach $154.6 Billion, Globally, by 2022

Spa Services Market

Opportunities and Forecasts, 2014 – 2021

Spa Services Market (Future and Growth) Future and Growth of the Market • Global Spa Services Market projects that the market would reach $154.6 billion by 2022 • The highest CAGR of 10.7% is expected to be witnessed by the medical spa segment, during 2016-2022 • The salon spa segment accounted for the largest market share of around 41.8% in 2015 • Hotel spa and destination spa would also witness notable growth during the forecast period, in Asia and Middle East

• Asia-Pacific is the second largest region in the world spa services market which are highly concentrated with mineral spa

Spa Services Market: Factors Contributing to Market Growth Factors Contributing to Market Growth are: • Increasingly hectic lifestyles, rising wellness tourism, rising demand from teenagers and improving standards of living.

• Increase in population of working women and rising popularity of spa among male customers is also supplementing the growth of world spa services • Technological advancement in medical treatments such as laser technology, dermal fillers, cellfina, ultra therapy and others are driving the demand for medical spa.

• Massive investments in tourism infrastructure in Asia and middle east • Booming hospitality industry and the rising popularity of traditional spas such as Ayurvedic and Thai massage in the APAC region.

Key Factors of Spa Services Market Key Factors • 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

Spa Services Market: Segmentation

The Market is Segmented: By Type Salon spa Hotel spa Medical spa Destination spa Mineral spa

Spa Services Market: Segmentation Geographically, the Market is Segmented into • Europe accounted for the largest market share of about 39.1% • LAMEA region is expected to witness the highest growth, owing to rising investments into tourism industry in countries such as Brazil and UAE • Higher demand for Spa Market is found in Western European countries such as Germany, France, UK and others • Asia-Pacific is the second largest region in the world spa services market owed to huge contribution by countries such as Japan and China • North America also generates market revenue in the industry

Spa Services Market: Key Players Key Players: • • • • • • • • • •

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 Lanserh of Tegernsee Spa and Gaia Retreat & Spa

Summary: 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

To know more about Spa Services Market, visit : https://www.alliedmarketresearch.com/spa-market

Follow us on: