Rise in popularity of spa among male customers have supplemented the growth of global spa services market
A new report published by Allied Market Research, titled,?“Spa Services Market?by Type and Geography – Global Opportunity Analysis and Industry Forecast, 2022 - 2031”,?global Spa Services market was valued at $73,512.93 million in 2020, and is projected to reach $423,253.69 million by 2031, registering a CAGR of 17.3% from 2022 to 2031.
Medical spa is expected to register the fastest growth, during 2022-2031, owing to massive developments in medical field. Europe accounted for the largest market share of about 36.6%, followed by Asia-Pacific and North America, in 2020. LAMEA region is expected to witness the highest growth, owing to rise in investments into tourism industry in countries such as Brazil and UAE.
The salon spa segment accounted for the largest market share of around 37.3% in 2020. Increase in disposable income among the middle-income class, affordable services, and innovative marketing strategies used by salons contribute to the growth of this segment. However, the highest CAGR of 17.7% is expected to be witnessed by the medical spa segment during the forecast period. Technological advancement in medical treatments such as laser technology, dermal fillers, cellfina, ultra therapy, and others drive the demand for medical spa.Hotel spa and destination spa are anticipated to witness notable growth during the forecast period, owing to massive investments in tourism infrastructure in Asia and Middle East.
Key companies profiled in this report includeFour Seasons Hotel Limited, Emirates Palace, Trailhead Spa, Jade Mountain Resort, Massage Envy Franchise LLC, Six Senses Hotels Resorts Spas, ClarinsDay Spa, Belmond Maroma Resort & Spa, LanserhofTegernsee Spa, and Gaia Retreat & Spa.
The report segments the global?spa services market?on the basis of type, end user, and region.
Key Benefits of the Report:?
? The study provides an in-depth analysis of the global spa services market to elucidate the imminent investment pockets in the market.
??Current trends and future estimations are outlined in the report to determine the overall market potential and single out profitable trends to gain a stronger foothold in the market.
??The report provides information regarding drivers, restraints, and opportunities with a detailed impact analysis.
??Quantitative analysis of the current market and estimations from 2022 to 2031 are provided to showcase the financial competency of the market.
??Porter’s Five Forces model of the industry illustrates the potency of the buyers & suppliers.
??Value chain analysis provides a clear understanding of the roles performed by various intermediaries involved in the value chain.
??Direct purchase this report: https://bit.ly/3tbZK58
About Us??????????????????
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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