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Spa Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Spa Market: By Type (Ayurvedic Spa, Bootcamp Spa, Day Spa, Destination Spa, Medical Spa, Mineral Spring Spa, Mobile Spa, Thalassotherapy Spa, Others); Application (Hotel/ Hospitality, Gym/ Fitness and Spas, Household, Others); Material Type (New, Renovation/Replacement); and Region, Market Share, Opportunity Growth, Forecast to 2030

  • Published Date: Mar-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0322184  | Delivery: 2 to 4 Hours
Spa Market

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Report AttributeDetails
Market Size Value in 2022US$ 102.9 Bn
Expected Revenue in 2030US$ 185.5 Bn
Historic Data2017-2021
Base Year2022
Forecast Period2023-2030
UnitValue (USD Bn)
Segments coveredBy Type, By Application, By Market Type, By Region
Key Companies                                                                         Planet Beach, Hot Springs Resort & Spa, Bannatyne Spa, Marriott International, Massage Envy, Rancho La Puerta, Banyan Tree, Marilyn Monroe Spas, Miraval Resorts, Massage Green Spa, Siam Wellness Group, Four Fountains, The Ritz - Carlton Spa, Windsor Hotel, Lspas SPA, Hyatt Hotels Corporation, Other Prominent Players
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The health benefits associated with spa services are relief from stress, minimization of body pain, and calmness of mind.

Ayurvedic spa, bootcamp spa, day spa, destination spa, medical spa and medical spa are the different types of spas. 

The various applications of the spa are in hotel/hospitality, gym/fitness and spas, and households among others.

The Global Spa Market was valued at US$ 102.9 Bn in 2022.

The Global Spa Market is estimated to expand at a CAGR of 7.6% over the forecast period.

Increasing shift towards health & wellness activities and increase in lifestyle-related ailments are propelling the market growth.

The spread of diseases and other health risks associated with spa treatments is hindering the market growth.

Increasing disposable income among middle class families is presenting new and lucrative opportunities for market growth.

Bootcamp spa holds the highest share in the Global Spa Market in 2022.

Hotel/hospitality segment holds the highest share in the Global Spa Market in 2022.

Europe dominates the Global Spa Market.

The key players in the Global Spa Market are CRED International Co. Ltd., Windsor Hotel, Marriott International, Grand Hyatt, Siam Wellness Group, Lanserhof, and Hot Springs Resort & Spa among others.

Covid-19 pandemic negatively affected the global spa market as people largely avoided the visit to these centers due to the fear of coronavirus spread.