The sauna and spa global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sauna And Spa Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The sauna and spa market size has grown strongly in recent years. It will grow from $3.75 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to cultural heritage, urbanization and stress, rising disposable income, wellness tourism, and medical benefits.
The sauna and spa market size is expected to see strong growth in the next few years. It will grow to $5.00 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to health consciousness, corporate wellness programs, corporate wellness programs, sustainability and eco-friendly practices, and wellness lifestyle. Major trends in the forecast period include technological advancements, integration of sauna and spa facilities in hotels, resorts, and lodging, adoption of sauna treatments for health maintenance, and personalized spa treatments.
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Scope Of Sauna And Spa Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sauna And Spa Market Overview
Market Drivers –
The rising popularity of wellness tourism is expected to propel the growth of the sauna and spa market going forward. Wellness tourism refers to travel experiences aimed at promoting holistic well-being, encompassing activities such as spa treatments, yoga retreats, and healthy dining options. The growing trend of wellness tourism is driven by an increasing desire for holistic health experiences, stress reduction, and personal rejuvenation. Wellness tourism boosts the demand for sauna and spa services as travelers seek relaxation and rejuvenation, driving business growth and innovation in the industry. For instance, in January 2024, according to the Global Wellness Institute, a US-based nonprofit organization, the global wellness industry was valued at $5.6 trillion in 2022 and is expected to rise at an annual pace of 8.6% to over $8.5 trillion by 2027. The wellness tourism sector in North America reached $266.8 billion in 2022. Additionally, per capita spending on wellness in North America was $5,108 in 2022, an increase from $4,570 in 2021. Therefore, rising wellness tourism is driving the growth of the sauna and spa market.
Market Trends –
Major companies operating in the self-testing market are focusing on developing innovative solutions, such as Cervicheck self-sampling kits, to provide greater convenience, accessibility, and accuracy for users. This medical device allows individuals to collect biological samples, such as blood, saliva, urine, or tissue, for diagnostic testing or analysis. For instance, in April 2023, Pragmatech Healthcare Solutions, an India-based biotechnology company, launched Cervicheck, a self-testing kit for screening women for the human papillomavirus (HPV), a significant cause of cervical cancer cases. This kit allows women to collect samples in the privacy of their homes, addressing issues related to late detection due to reluctance to undergo sample collection at hospitals or clinics. Additionally, it features self-sampling and point-of-care detection. Also, this kit is a significant step towards empowering women to detect cervical cancer early, aiming to reduce mortality rates and the burden associated with late-stage cancer detection.
The sauna and spa market covered in this report is segmented –
1) By Type: Entertainment, Medical
2) By Application: Hotel And Hospitality, Gym Or Fitness And Spas, Household, Other Applications
3) By End User: Male, Female
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Regional Insights –
North America was the largest region in the sauna and spa market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the sauna and spa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the sauna and spa market are Jaquar Group, Kohler Co., Pentair plc, Roca Sanitario S.A., Fluidra S.A., Harvia Oyj, Scandia Manufacturing Ltd., Sunlighten Inc., Health Mate Sauna Corporation, TyloHelo Group AB, EOS Saunatechnik GmbH, Narvi Oy, Sauna360 Group Oy, Almost Heaven Saunas LLC, Effegibi Srl, BTL Industries Ltd., Inca UK Ltd., Superior Sauna & Steam, QCA Spas Inc., Sanspa Industrial Guangzhou Co. Ltd., Crystal Leisure Swimming Pools Ltd., Aqualine Saunas, Physiotherm GmbH, SAWO Inc.
Table of Contents
1. Executive Summary
2. Sauna And Spa Market Report Structure
3. Sauna And Spa Market Trends And Strategies
4. Sauna And Spa Market – Macro Economic Scenario
5. Sauna And Spa Market Size And Growth
…..
27. Sauna And Spa Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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