DUBLIN--(BUSINESS WIRE)--The "Global SPA Market - By Services, Region - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report has been added to Research and Markets' offering.
This wellness industry is estimated at $156 billion in 2016. The most targeted customers for this sector were females but with the changing trends and growing wellness and health consciousness the new-targeted customers are men a segment, which is registering about 80% growth annually.
With growing income in family households and high disposable income people have the ability to spend money on luxuries, which is one of the main drivers for this industry. People even want to make healthy choices and maintain themselves both physically and mentally and spas use this opportunity to build their customer base. The fast moving lifestyle of stress has also resulted into booming business for those involved in providing relaxation and rejuvenation therapy, and spas being on the top of this they make huge revenues.
A major constraint for this industry is the pricing, these services are highly priced and not affordable by a mass population, reducing the customer base, and the end user has limited bargaining power when it comes to pricing or bundling in of additional services in their packages. Another constraint is for the players in this industry is the lack of financing by investors as convincing them that you can make success out of this business is difficult. Getting professional staff members who are certified is providing the services you want to offer is also not easy.
There are great opportunities for this market in developing countries due to this industry being highly fragmented and unregulated in these area's, there is a lack of standardization, lack of accredited training institutes, etc. playing a major role, as there is huge scope of improvement. The players in this industry are using this opportunity in countries like India and China to increase their revenues.
Companies Mentioned
- Hot Springs Resort and Spa
- Massage Envy
- Lanserhof
- Rancho La Puerta
- St. Regis Aspen Resort
- Reflections Medical Spa
- Aspira Spa
- Clinique La Prairie
- Emirates Palace Spa
- Four Seasons Spa
- Terme di Saturnia Spa & Golf Resort
- Fernland Spa Thermal Mineral Springs
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global SPA market Segmentation, Forecasts and Trends - By Revenue
6. By Services
7. By Region
8. Vendor Market Share Analysis
9. Company Profiles
10. Industry Structure
For more information about this report visit https://www.researchandmarkets.com/research/ptg4cw/global_spa_market
