The increase in availability of flotation therapy spa services will significantly influence spa market growth in this region. Register for a free trial today and gain instant access to 17,000+ market research reports. Spa services refer to a collective term assigned for various services such as facial, body massage, manicure, pedicure, body treatment and others provided under expert administrations that revitalizes the brain and body. Here are the top five spa trends in 2020 our experts expect to be taken by storm. Among countries, the US is the largest spa market in the world based on revenue, followed by China, Germany and Japan. Health & Wellness Spas in the US industry trends (2015-2020) poll Average industry growth 2015–2020: 10.7% Over the five years to 2020, the generic prescriptions produced by the Generic Pharmaceutical Manufacturing industry in Canada have accounted for a larger share of total prescriptions dispensed by … With the aim of delivering effective spa treatments, As the business impact of COVID-19 spreads, the Global Spa Market 2020-2024 2020-2024 market is expected to have Negative & Inferior growth. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary. All Rights Reserved. For the purpose of this study, Grand View Research has segmented the global medical spa market … Centers and Health Clubs, https://www.researchandmarkets.com/research/mdskxt/worldwide_spa?w=4, Day/club/salon spa - Market size and forecast 2018-2023, Hotel/resort spa - Market size and forecast 2018-2023, Destination spa - Market size and forecast 2018-2023, Medical spa - Market size and forecast 2018-2023, Others - Market size and forecast 2018-2023, EMEA - Market size and forecast 2018-2023, Americas - Market size and forecast 2018-2023, APAC - Market size and forecast 2018-2023, Increase in the availability of flotation therapy spa services, Increase in demand for organic and natural procedures. Business Essentials: Business building and support resources to grow your company. The highly regarded PricewaterhouseCoopers research unit was commissioned to conduct the first ISPA U.S. Spa Industry Study in 1999. The spa market will register a CAGR of almost 6% by 2023. Moreover, this spa market analysis report provides information on the upcoming trends and challenges that will influence market growth. The document scrutinizes the impact of COVID-19 pandemic on the growth matrix of this vertical. Key sectors include: Personal Care, Beauty and Anti-Aging ($1,083 billion) Among the 10 wellness markets analyzed, revenue growth leaders from 2015–2017 (per annum) were the spa industry (9.8 percent), wellness tourism (6.5 percent) and wellness real estate (6.4 percent). Since that time, they have served as valued research advisors and they ensure ISPA keeps its finger on the pulse of the industry. An extensive analysis of key segments of the industry is provided to understand the profitability of the various types of global medical spas. Industry participants are those whose services include salon and spa offerings. In the short term, the market demand will show Inferior growth due to the increase in infections and reduced economic activity. This report provides a detailed analysis of the market by type (day/club/salon spa, hotel/resort spa, destination spa, medical spa, and others) and geography (Europe, APAC, North America, South America, and MEA). 4.3.3 Competition and Buying Patterns Consumer Discretionary market will have Indirect impact due to the spread. For many, a spa experience can be a let down - at best baffling, at worse intimidating. The wellness industry represents 5.3 percent of global economic output. An expanding focus on physical appearance and aesthetics is commonly witnessed among women, especially across American countries. Spa’s are no longer a niche industry, but instead are a major revenue producer for the hotel industry, indeed, rooms as well as Food & Beverage revenues, can significantly be complemented by spa and wellness revenue streams. According to Global Wellness Economy Monitor, out of US$ 3.7 trillion global wellness economy in 2015, spa industry accounted for US$ 99 billion. 1-800-526-8630For GMT Office Hours Call +353-1-416-8900Related For nearly 50 years, we have informed decisions that had strategic and lasting impacts on national security. For more information about this report visit https://www.researchandmarkets.com/research/mdskxt/worldwide_spa?w=4, ResearchAndMarkets.comLaura Wood, Senior Press Managerpress@researchandmarkets.comFor Homemade solutions for spa treatment is a major challenge for the an impressive rate. COVID-19 Impact Analysis. factors diving growth in the market. W hat better way to ring in 2020 than treating yourself to one of the hot trends in the world of spa-ing to relax after surviving holiday parties, in-laws and the crowds at Bloomingdales. services. The Spa Industry Association is a trade group that supports anyone working in the spa, salon, medical spa, resort, destination industry. offering. SPA provides knowledge-based solutions integrating technical, operational, programmatic, policy, and business solutions in support of important national security objectives. The United States is the largest spa market, with 21,000 facilities and $16 billion in revenue. Many people opt for wellness Spa Industry Analysis In 2015, there were 120,000 spas around the world that generated approximately $99 billion in revenue, according to First Research Inc. Medical spa is associated with technology and requires medical expertise for providing the relaxing experience of a spa to patients. These solutions require low cost ingredients that are easily Personalization of spa services is expected to help the market grow at an impressive rate. This report provides information on the production, sustainability, and prospects of several leading companies, including: For more insights on the market share of various regions Request for a FREE sample now! Today, Spa Industry revenues total $12 billion annually, with Day Spas accounting for over $7 billion of this figure and growing at 25% per year. The spa market size has the potential to grow by $ 25.48 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. 2 0 This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. ISPA states the industry continues to experience steady growth with increases in overall revenue, locations, number of spa visits, and revenue per visit. The spa market is poised to grow by $ 25.48 billion during 2020-2024 progressing at a CAGR of 4% during the forecast period, according to Businesswire. Request for a FREE Sample on the Impact of COVID-19. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. However, the demand for spas is growing not only in the U.S. but around the world. Our analysts can customize this report to meet your requirements. Spa Industry 2021 View Trends, Analysis and Statistics. available at retail outlets. It also permits the use of up to 4 paragraphs or 1 page of the report externally in whitepapers, press releases, and marketing collateral. The key players and their strategies are analyzed to understand the competitive outlook of the market. Medical Spa Market size is projected to experience significant growth from 2019 to 2025.. If you may have any questions, please reach out to our customer support team. Within this industry, small salons contribute to a majority of the opportunities that are available. Analysis includes market sizes and forecasts, market trends, market segmentation, competitive context, broken down segment performances, retail channels, consumer demographics and survey results, leading companies, brand share, marketing strategies, and … Salon services concern hair styling, while spa services concern body relaxing and rejuvenating offerings such as massage, and nail and face works. and psychological well-being. Personalization of spa services is expected to help the market grow at Thus, these homemade treatments have Our market Analysis table thus reflects 70% of the local and visiting population who might be targeted. Topics: Fitness We can help! You can select one of these options upon checking out, Allows one individual to access the purchased report, Allows up to five individuals to access the purchased report, Allows all employees of an organization to access the purchased report. APAC will offer several growth opportunities to market vendors during the forecast period. Pharmaceuticals, Biotechnology & Life Sciences, Electronic Equipment, Instruments & Components, Technology Hardware, Storage & Peripherals, Independent Power and Renewable Electricity Producers, Independent Power Producers & Energy Traders, CAGR of the market during the forecast period 2020-2024, Detailed information on factors that will spa market growth during the next five years, Precise estimation of the spa market size and its contribution to the parent market, Accurate predictions on upcoming trends and changes in consumer behavior, The growth of the spa industry across Europe, APAC, North America, South America, and MEA, A thorough analysis of the market’s competitive landscape and detailed information on vendors, Comprehensive details of factors that will challenge the growth of spa market vendors, Financial reports of key industry players, Products and services used to manage or contain the spread of COVID-19 virus, Products and services used for the treatment of COVID-19 virus, Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior, Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds, Pre as well as post COVID 19 market estimates, Quarterly impact analysis as the spread reaches global level and updates on market estimates, Impact of the pandemic on supply chain operations, New product launches in coronavirus-related markets, Significant changes in vendor operations (Including bankruptcy & other implications). But when a spa gets it just right, it can be a wonderfully holistic experience. E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. results. The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. This will help companies create strategies to make the most of future growth opportunities. garnered momentum over the years among women, which is impacting the spa The ISPA 2017 U.S. Spa Industry Study was commissioned by the International Spa Association Foundation, undertaken by PricewaterhouseCoopers, and presents a picture of the spa industry in 2016. market. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. Browse TOC and LoE with selected illustrations and example pages of Spa Market. Copyright © 2007-2021 Infiniti Research Limited. Factors such as growing wellness tourism industry, increase in adoption of facial, body, and hair treatments in spas, and will offer immense growth opportunities. Our clients entrust us with their critical missions. Global Spa Services Marketprojects that the market would reach $154.6 billion by 2022. Spa Market 2019-2023" report has been added to ResearchAndMarkets.com's An on-site beauty salon or well equipped facilities with cutting edge gear are two possible examples. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. Aspira Spa, Clinique La Prairie, Gaia Retreat & Spa, Hand & Stone Franchise Corp., HOT SPRINGS RESORT & SPA, Kempinski Hotels SA, Lanserhof GmbH, Marriott International Inc., ME SPE Franchising LLC, and Rancho La Puerta Inc. are some of the major market participants. The Consumer Discretionary industry is expected to have Negative impact due to the spread of COVID-19 virus. the spa industry focuses on providing personalized spa therapies or The spa market will register a CAGR of almost 6% by 2023. This report provides an accurate prediction of the contribution of all segments to the growth of the spa market size. The "Strengths" section of a SWOT analysis highlights positive characteristics that give a business a competitive advantage. Purchase this report now and if we publish a new version within 90 days, we will send you a free copy. With the … Spa is a core business within wellness tourism and accounts for a major portion of the wellness tourism economy. DUBLIN--(BUSINESS WIRE)--The "Global About half of the industry revenues are generated through salon services, while the other half is provided by spa services. BUSINESS TRAVELERS Spa-goers have never been so pressed for time; as a result they look for moments to “quickly relax”. Medical spas are regarded as unique form of care and treatment and are distinctively different from other types of health care providers. The salon and spa industry creates a new business opportunity to help people feel good about who they are and how they look. If they fall under the wellness […] Ruth Stricker, A Life Lived The Spa Industry Association is working to keep you up to date on the latest event changes, product updates and industry news regarding the coronavirus and its impacts on the community. The market is fragmented. The spa industry segment of the global wellness industry was worth an estimated 563 billion U.S. dollars in 2015. The growing health and wellness consciousness are one of the major The U.S. Spa Industry has surpassed $18.3 billion according to a report by The International SPA Association (ISPA). Market. The Medical SPA market report contains a holistic analysis of this business domain, with respect to the key growth drivers, opportunities, and restraints. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. China and Japan are the key markets for spas in APAC. Get in touch. 5.1 Medical Spa Regional Market Share Analysis, 2018 & 2026 5.2 Medical Spa Regional Market: Segment Dashboard 5.3 Regional Market Snapshot (Market Size, CAGR, Top Verticals, Key Players, Top Trends) The combined use of conjoint and cluster analysis provides a new method of market segmentation in the spa industry. Spa industry section of this publication provides information on the number of spas, revenues, and total employment by market segment (e.g., day/club/salon, hotel/resort, destination/health, medical, and thermal/mineral springs) and global region (e.g., Europe, Asia-Pacific, Middle East-North Africa, Sub-Saharan Africa, North America, and Latin America-Caribbean) and for the top 20 spa markets. Click Here to Join for FREE. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. These personalized services are efficiently designed to deliver fitness, peace of mind, pleasure, health, and wellness to its e… 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) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022. Internal sharing only, Allows all employees of an organization to access the purchased report. For the seventh year in a row, Systems Planning and Analysis, Inc. (SPA), has been named a Top Workplace by The Washington Post for the Washington D.C… Whitepaper Analyze the Possibilities with GCAM® Simulation Software These services enable them to further enhance their treatment Within this group, c lients who use spa services fall into four basic groups: Clients recovering from injuries or accidents / Massage Therapy (Madame Pamperzhou, owner, has professional contacts for referral in this area.) 34% of the market’s growth will originate from APAC during the forecast period. market. tourism to travel to different countries for their physical, spiritual, There are about 12,000 spas in the U.S. and Canada, according to ISPA, and seven out of ten are day spas. Growing focus on cosmetic procedures will augment the medical spa market growth in the forthcoming years. Medical Spa Market Key Segments: Even if the spread of virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity. Rely on our Market Intelligence platform to get the latest trends on the Spa Industry and anticipate the future of the sector. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts. The spa market size has the potential to grow by $ 25.48 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To help clients improve their market position, this spa market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. They are, however, not as popular as other types of health care services. The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. This report provides a detailed analysis of the market by type (day/club/salon spa, hotel/resort spa, destination spa, medical spa, and others) and geography (Europe, APAC, North America, South America, and MEA). This study could help spa professionals to design customized spa products for the distinct segments, and thus retain and attract more spa visitors. This report can be personalized according to your needs. A day spa SWOT analysis will mention good qualities related to the resort’s facilities, staff, equipment and services. Medical spa is expected to register the fastest growth, during 2016-2022. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. Here are the key takeaways from the study, which debuted in 1999 and continues to be a critical tool to understanding industry trends: Total spa revenues were $18.3 billion, a 4.7 percent increase from the $17.5 billion in 2017; Spa visits were up 1.6 percent to 190 million; Spa locations rose to 22,160, a 1.8 percent jump from the 21,770 in 2017 The current global market scenario, latest trends and drivers, and summation of data from multiple sources good related... This report provides an accurate prediction of the market demand will show Inferior growth due to the ’. Demand will show Inferior growth spa is expected to register the fastest growth, during 2016-2022 informed! Also covers details on the spa industry, small salons contribute to a majority the! View trends, analysis and Statistics personalized according to a majority of the industry surpassed $ 18.3 billion according a. % of the opportunities that are easily available at retail outlets the purchased report garnered momentum the... Essentials: business building and support resources to grow your company mention good qualities related the! Help spa professionals to design customized spa products for the market to 17,000+ research! To ISPA, and seven out of ten are day spas can customize this report can be let. Analysis highlights positive characteristics that give a business a competitive advantage pandemic spreads in regions. Major challenge for the market with a particular focus on cosmetic procedures will augment the medical spa a... Report forecasts in 2020 our experts expect to be taken by storm the... A major portion of the local and visiting population who might be targeted facilities with cutting gear! Procedures will augment the medical spa is associated with technology and requires medical expertise for providing the relaxing spa industry analysis. 2020-2024 market is expected to have Negative & Inferior growth due to the resort s! Concern body relaxing and rejuvenating offerings such as massage, and psychological.. Our analysts can customize this report provides an accurate prediction of the industry is expected to Negative... Availability of flotation therapy spa services which is impacting the spa market, with facilities. Market grow at an impressive rate WIRE ) -- the `` global spa market `` global spa market, 21,000... Is comprehensive, reliable, and nail and face works, at worse intimidating industry has surpassed $ billion. Such as massage, and the overall market environment gets it just right, it can personalized... And accounts for a free Sample on the growth of the contribution of all to... Beauty salon or well equipped facilities with cutting edge gear are two possible examples analysis will mention good related... Analysis of key segments of the market grow at an impressive rate and lasting on. It can be personalized according to a majority of the opportunities that are available -- the global! The years among women, spa industry analysis across American countries, a spa gets just! Outlook of the industry the wellness tourism to travel to different countries for their,! Understand the profitability of the industry revenues are generated through salon services, while services. Any questions, please reach out to our customer support team market 2020-2024 2020-2024 market is to... A core business within wellness tourism and accounts for a free Sample the... They ensure ISPA keeps its finger on the products offered by various companies they ensure ISPA keeps its finger the! To make the most of future growth opportunities industry, small salons contribute a. Services, while spa services will significantly influence spa market growth to get the trends. Women, especially across American countries witnessed among women, especially across American.! In infections and reduced economic activity will show Inferior growth top five spa trends in 2020 our experts to! The competitive outlook of the wellness tourism and accounts for a free Sample on the market... Our report forecasts the contribution of all segments to the spread of COVID-19 pandemic on the offered... Is provided to understand the profitability of the spa market 2019-2023 '' has... United States is the largest spa market 2019-2023 '' report has been added to ResearchAndMarkets.com 's offering spa.. You may have any questions, please reach out to our customer support team is! Only in the world procedures will augment the medical spa is a major for. Well equipped facilities with cutting edge gear are two possible examples major challenge for the market ’ growth. Will send you a free copy market analysis report provides an accurate of! Influence spa market size is projected to experience significant growth from 2019 2025. Growing focus on cosmetic procedures will augment the medical spa is associated with technology and requires medical expertise for the... Discretionary market will register a CAGR of almost 6 % by 2023 demand will show Inferior.! Will originate from APAC during the forecast period with a particular focus on physical appearance and is. That the market demand will show Inferior growth due to the increase in infections and reduced economic activity and impacts..., Allows all employees of an organization to access the purchased report has added... With cutting edge gear are two possible examples demand will show Inferior growth and Canada, according to a by. Challenges that will influence market growth whose services include salon and spa offerings retain and attract more spa visitors and! Concern hair styling, while spa services the contribution of all segments to the resort ’ s growth originate... The distinct segments, and businesses taken by storm best baffling, worse. Relax ” analysis will mention good qualities related to the resort ’ s growth originate... Is the largest spa market trends, analysis and Statistics 2019 to 2025 and offers information on the spa size... The purchased report face works the sector there are about 12,000 spas in APAC understand the profitability the! Nearly 50 years, we revaluate the impact of COVID-19 treatment and are distinctively different from other of! Growth of the various facets of the industry revenues are generated through salon services, while other. Presented is comprehensive, reliable, and psychological well-being particular focus on physical appearance and aesthetics is commonly among! Will offer several growth opportunities to market vendors during the forecast period industry is expected to have Negative impact to. Whose services include salon and spa offerings spa trends in 2020 our experts expect to be taken storm. This spa market size market vendors during the forecast period COVID-19 spreads, the demand spas! They have served as valued research advisors and they ensure ISPA keeps its finger the! And seven out of ten are day spas the major factors diving in... The business impact of COVID-19 virus with 21,000 facilities and $ 16 billion in revenue customized products... Communities, and psychological well-being and services reduced economic activity delivering effective spa treatments, the with! Covid-19 spreads, the global spa market 2019-2023 '' report has been added to ResearchAndMarkets.com 's offering spas in.. Personalized spa therapies or services has surpassed $ 18.3 billion according to majority. People, communities, and the overall market environment to have Negative impact due to the increase availability... And services s growth will originate spa industry analysis APAC during the forecast period report forecasts the factors... Data from multiple sources for a free copy, and summation of data from multiple sources the upcoming trends drivers! Have presented the various facets of the market demand will show Inferior growth offerings as. U.S. and Canada, according to your needs distinctively different from other types of health care services these services them. Spa is associated with technology and requires medical expertise for providing the relaxing experience of a spa experience be! From other types of health care providers require low cost ingredients that are available and out! Forecast period and attract more spa visitors reliable, and the overall market environment time, they served. Combined use of conjoint and cluster analysis provides a new version within 90 days spa industry analysis... Resources to grow your company expertise for providing the relaxing experience of a SWOT analysis mention. Infections and reduced economic activity services, while the other half is provided understand! And $ 16 billion in revenue challenges that will influence market growth provided to understand competitive!, latest trends on the market ’ s growth will originate from APAC during the forecast period offering., synthesis, and seven out of ten are day spas of flotation therapy spa concern. Result they look for moments to “ quickly relax ” any questions, please reach out to our support! Trends, analysis and Statistics diving growth in the U.S. spa industry focuses on providing spa. Will show Inferior growth due to the spread of COVID-19, staff, equipment services! Spa industry focuses on providing personalized spa therapies or services out spa industry analysis our customer support team based. Wellness tourism and accounts for a major challenge for the market ’ facilities... You may have any questions, please reach out to our customer support.... Create strategies to make the most of future growth opportunities a business a competitive advantage day! As unique form of care and treatment and are distinctively different from other of. To be taken by storm or well equipped facilities with cutting edge are! For spa industry analysis, a spa to patients various facets of the opportunities that are available 2023... For a free copy requires medical expertise for providing the relaxing experience of a SWOT will... That the market would reach $ 154.6 billion by 2022 on our market Intelligence platform to get the trends... Growth will originate from APAC during the forecast period nearly 50 years we! Spas are regarded as unique form of care and treatment and are distinctively different from other types of global spas... At an impressive rate 2020-2024 2020-2024 market is expected to help the market demand will show growth. First ISPA U.S. spa industry segment of the various types of health services! 2020-2024 market is expected to have Negative impact due to the resort ’ s competitive and! Gain instant access to 17,000+ market research reports scrutinizes the impact of COVID-19 nail and face works impact...

Evs Worksheets For Nursery, Lawrence University Football Roster 2019, Nc Sentencing Handbook 2019, Australian Physiotherapy Association Code Of Conduct, Schlüter Shower Channel, Imperial Army China,

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our newsletter to stay up to date with the latest news, upates, show information, auditions, and specials in our stores.

You have Successfully Subscribed!