$21.5bn
$X.Xbn
368k
19,782
$XX.Xbn
The Health and Wellness Spas industry has endured slight decline 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. Most spa services, like massages and other bodywork services, are discretionary. As a result, industry performance is tied to fluctuations in consumer disposable income and confidence. The massive decline experienced in 2020 amid COVID-19 has outweighed favorable economic conditions the industry experienced over most of the period. Industry revenue is anticipated to fall at a CAGR of 0.4% to $21.5 billion over the five years to 2023, despite a rise of 2.8% in 2023 alone.
Industry revenue has declined at a CAGR of 0.4 % over the past five years, to reach an estimated $21.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($short_0)
2023 | Profit ($short_0)
2023 | Profit Margin (%)
2023 |
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There are no companies that hold a large enough market share in the Health & Wellness Spas in the US industry for IBISWorld to include in this product.
Health & Wellness Spas in the US
Industry revenue is measured across several distinct product and services lines, including Massage and bodywork treatments, Skincare treatments and Salon services. Massage and bodywork treatments is the largest segment of the Health & Wellness Spas in the US.
Massage and bodywork treatments are the core offering of the health and wellness spa industry
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.
Purchase this report to view all major companies in this industry.
NAICS 81219 - Health & Wellness Spas in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Trips to health and wellness spas from new visitors have exploded since COVID-19. Spas are offering more services to cater to consumers with varying budgets.
Learn about an industry's products and services, markets and trends in international trade.
Spas have increased their product offerings catered toward males in an effort to take advantage of rising health consciousness.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Highly populated urban areas are ideal for spas to locate. Consumers are encouraged to visit spas that offer a one-stop shop for multiple services.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Clients develop strong loyalties. Consequently, aggressive marketing from spas is vital in generating sales.
Learn about the performance of the top companies in the industry.
No single spa garners 5.0% or more of the market because of geographic barriers and the relatively low barriers to entry.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Health and wellness spas have numerous supportive associations, with educational and charitable outreach available. During COVID-19, public funding was available to cover sal...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Locating in prime areas is costly, which forces spas to raise prices, constraining profit. Bundling services can attract a loyal customer base which, long-term, will benefit ...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Health & Wellness Spas in the US industry in United States is $21.5bn in 2024.
There are 19,782 businesses in the Health & Wellness Spas in the US industry in United States, which has declined at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Health & Wellness Spas in the US industry in United States has been declining at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Health & Wellness Spas in the US industry in United States is expected to grow.
Massage and bodywork treatments and Skincare treatments are part of the Health & Wellness Spas in the US industry.
The level of competition is high and steady in the Health & Wellness Spas in the US industry in United States.