Health & Wellness Spas in the US - Market Research Report (2014-2029)

Just relax: Expanding services and high disposable income will benefit the industry

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Health and Wellness Spas industry has grown over the five years to 2023. The industry includes a variety of health and wellness facilities like day spas, spa resorts, hotel spas and medical spas. The majority of industry operators' services, like massages and other bodywork services, are discretionary. As a result, industry performance is tied to fluctuations in consumer disposable income and confidence. Favorable economic conditions during the majority of the five years have mitigated the decline experienced in 2020 amid COVID-19. Industry revenue is anticipated to rise at a CAGR of 1.1% to $23.2 billion over the five years to 2023, including a rise of 1.0% in 2023 alone.

Companies in this industry offer spa services, such as massages, facials and body treatments. The industry includes day spas, spa resorts, hotel spas and medical spas.