According to a report from Fact.MR, the global professional spa services market is anticipated to reach a value of $114.88 billion, showcasing an increase from $109.00 billion in 2022. Projections indicate a 5.4% CAGR from 2023 to 2033 with the market expected to achieve a substantial value of $194.39 billion by the conclusion of 2033.
Per the report, there is a rising trend in the prominence of professional spa services that offer personalized premium and super-premium experiences, leveraging various wellness programs and therapies. This strategic approach enables them to expand their clientele to individuals seeking relaxation within a tranquil environment.
The market's growth is further propelled by economic factors, including the availability of natural and herbal methodologies, as well as the adoption of flotation therapeutic approaches. The report also suggests that creative advertising strategies on social media platforms contribute to enhancing brand positioning and driving economic expansion in the professional spa services sector.
North America is the leading region for the market and is anticipated to command 24% of the global market share in 2023. The increase is attributed in the report to the proliferation of opulent facilities and amenities. North America witnessed a significant uptick in the preference for full-body massage and beauty treatments, propelling the regional market forward.
Adding to this momentum is the trend of enterprises establishing centers exclusively catering to male clientele. This dedicated approach has fueled the growing trend of men embracing massage, beauty and spa services, poised to be a key driver for the expansion of the professional spa services industry in North America.