Spa Treatment Demand is Predicted to Increase Rapidly at a CAGR of 12% by 2033 | Fact.MR Report

Spa Market Analysis By Type (Hotel/Resort Spas, Medical Spas, Destination Spas & Health Resorts, Thermal/Mineral Spring Spas, Other Spas), By Market Type (New Spas, Renovation or Replacement Spas) By Region – Global Market Insights 2023 to 2033

The global spa market is valued at US$ 133.96 billion in 2023. Worldwide demand for spa treatment options is predicted to increase rapidly at a CAGR of 12% and reach a market valuation of US$ 416.05 billion by the end of 2033.

Increasing traction for personal healthcare solutions is estimated to bolster demand for spa therapies around the world. In recent years, there has been a noteworthy increase in the disposable income of people around the world, which has led to the increased spending capacity of individuals on various types of lifestyle products, including personal care products, etc.

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Key Market Players

Key providers of spa therapies are emphasizing the introduction of numerous spa packages, which are oriented toward various consumer segments. Industry players are spending to gain lucrative opportunities in the luxury and premium sectors. The growing digitalization of services is also predicted to intensify the competition among market players.

For instance :

• Zenoti Foundation is a provider of beauty, wellness, and spa services. In March 2021, it entered into a partnership with Sutherland Global to improve customer experiences while providing support via phone-based chat and addressing customer queries.

Key companies in the spa market are Zivaya SPA, Savor SPA, L’Oreal Professional, Lotus Spa Centre Ltd., Amanda Spa, Natural Beauty Spa, MATRIX, Amore Fitness Pvt Ltd., Nirvana Spa, Forte Village Resort, Grand Resort Bad Ragaz, L’Occitane En Provence, COMO Shambhala Estate, Canyon Ranch, and Four Seasons Resort Bora Bora.

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Key Companies Profiled:

• Zivaya SPA
• Savor SPA
• L’Oreal Professional
• Lotus Spa Centre Ltd.
• Amanda Spa
• Natural Beauty Spa
• MATRIX
• Amore Fitness Pte Ltd.
• Nirvana Spa

Segmentation of Spa Industry Research

• By Type :
  • Hotel/Resort Spas
  • Medical Spas
  • Destination Spa & Health Resorts
  • Thermal/Mineral Spring Spas
  • Other Spas
• By Market Type :
  • New Spas
  • Renovation or Replacement Spas

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Key Questions Covered in the Spa Market Report:

• What is the projected value of the Spa factors Industry in 2022?
• At what rate will the global Spa factors market size grow until 2032?
• Which are the factors hampering the growth of Spa factors?
• Which region is expected to lead in the global Spa factors market by 2032?
• Which are the factors driving the Spa factors Industry during the forecast period?
• What is the expected market value of the Spa factors market during the forecast period?

Regional Analysis for Spa Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

What makes Fact.MR report stand out from others?

• Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Spa industry. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the industry stakeholders.
• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Spa industry, thus, making it different and special from other reports.
• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of industry get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Spa industry and assists to create strategies to overcome the obstacles that may hinder the growth of the Spa industry.
• Leverage: The Spa industry can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Spa industry.

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