Fact.MR has recently published a fresh research assessment titled Spa Market Forecast, Trend Analysis & Competition Tracking – Global Market insights 2017 to 2026 which present a comprehensive outlook related to the ongoing trends and opportunities set to influence the global Spa market. This report functions to enlighten readers about the expected growth prospects and dynamics which would reforming the target market between 2017 and 2026. According to research findings, the global Spa market is estimated to record growth at 5.7% CAGR during the forecast period until 2026.
This intelligent assessment provides exclusive information associated to potential sales upgradation and demand for Spaacross prime economies. In addition, readers can access precise data related to section-wise market investigation in terms of Company Profiles, Competition Landscape, Company Share. On the basis of regional analysis, the examination stresses on the prime geographies; namely, North America, Latin America, Middle East-North Africa, Europe.
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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.
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.
On the contrary, the global market of spa will continue to witness inhibiting growth due to various factors such as expensive spa packages. As spa packages are comparatively expensive as compared to the medical treatments received at the hospitals, demand for spa therapies is expected to drop in the global market. Demand for spa and sauna treatment is further projected to witness inhibiting growth due to increase in the severe cases of chronic diseases among customers globally. Moreover, spa treatments continue to remain a conventional treatment for asthmatic relief and pain management, due to which the patients prefer visiting the hospital and clinics. Such factors are further expected to impact growth of the global market negatively.
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As the report concludes, readers can receive precise data highlighting the competitive landscape active across the global Spa market. This portion clearly details about the contributions provided by leading manufacturers towards the development of the Spa market. Furthermore, insights related to competitive trends are clearly discoursed for benefitting stakeholders and new investors. Some of the chief players mentioned in the report are (COMO Shambhala Estate, Grand Resort Bad Ragaz, Forte Village Resort, Canyon Ranch).