Overview of Global Spa Market Size, Demand, Trends, Share and Growth Forecast till 2026

A recent research report published by Fact.MR has projected the Spa Market to exhibit an impressive CAGR throughout the forecast period, 2017 to 2022. Revenues from mannequin sales across the globe will surpass US$ 13,000 Mn by 2022-end. Similar to most of the manufacturing domains, the mannequin industry is focusing on using recycled materials, so that retailers will have no need to compromise while seeking for eco solution.

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Growing need for stress and pain management due to hectic routines has led to surge in demand for spa therapies globally. Prevalence of chronic diseases such as asthma is further projected to impact the global market growth of spa positively. Fact.MR states that the global market of spa is projected to reflect a CAGR of 5.7% over the forecast period, 2017-2026.

Factors Fuelling Global Market Growth

Growth of the global spa market is mainly bound to various macro-economic and micro-economic factors. Surge in hectic schedules and routines has continued to rev up demand for rejuvenating and relaxing therapies. Demand for anti-ageing treatments for the ageing population is further projected to boost demand for relaxing therapies and treatments globally. As the requirement of detoxifying the system arises, customers prefer spending increasingly on spa therapies.

Prevalence of arthritis and joint pains due to the hectic lifestyle has led to surge in demand for mineral springs spa treatment. The spa centers and resorts are increasingly using Malkinskaya mineral water, which is much known for its therapeutic effects on the cardiovascular conditions. In addition, the spa resorts and centers are also using iodine-bromine waters and hydrosulfuric healing techniques for treatment of chemical and heat burns among children and adults. Increasing demand for hydropathic treatment is mainly bound to growing number of disabled people with limited mobility.

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Demand for spa therapies is further bound to growing prevalence of various chronic diseases such as bronchitis and asthma. A recent report by CDC states that 18.4 million people in the U.S., which is 7.6% of the adult population of 18 years of age and over are asthmatic. Growing prevalence of chronic disorders such as bronchitis and asthma has led to increased spending on sauna therapy and steam rooms. Moreover, sauna and spa treatments helps in detoxification of the system through the skin and widens the airways in asthmatic patients. Opting for steam baths helps in treatment of respiratory issues, bronchitis and coughing through loosening mucus and phlegm. Surge in demand for treatment of respiratory problems is projected to fuel growth of the global market of spa.

Sales for Thermal/Mineral Springs Spa to Remain High

Growing need to treat various physical ailments such as rheumatism and depression has led to an upsurge in demand for thermal/mineral springs spa globally. During the forecast period, the thermal/mineral spas product type segment is projected to reflect the highest CAGR. In terms of revenue, the hotel/resort spas segment is projected to represent robust revenue growth, recording more than US$ 20,000 Mn by 2026-end.

Market Players

Major players in the global market of spa are COMO Shambhala Estate, Grand Resort Bad Ragaz, Forte Village Resort, Canyon Ranch, Chiva Som International Health Resort, St. Regis Bahia Beach Resort, Four Seasons Resort Bora Bora, The Connaught, The Chedi Andermatt and Rancho La Puerta.

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