Industry Analysis & Industry Trends
The Health and Wellness Spas industry has experienced steady growth over the five years to 2016. Industry revenue has gradually recovered with improving per capita disposable income and consumer confidence. To generate growth, spas have expanded their array of service offerings, particularly their range of antiaging and medical treatments. The baby-boomer generation is expected to take advantage of expanding antiaging services over the next five years, making the demographic an especially important source of industry growth.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Health and Wellness Spas industry is in the mature stage of its industry life cycle. In the 10 years to 2021, industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to rise at an annualized rate of 3.6%. Comparatively, GDP is projected to rise 2.1% per year on average during the same period. While IVA growth is projected to outpace GDP gains, low product innovation and establishment growth are key indicators that this industry is in the mature stage of its life cycle.
Although hardly a nascent industry, the Health and Wellness Spas industry came into greater prominence in the 1990s and 2000s with the proliferation of day and medical spas... purchase to read more