Middle East and Africa Spa Service Market: Industry Analysis and Forecast (2024-2030)
Middle East and Africa Spa Service Market was valued at USD 25.77 Billion in 2023. Middle East and Africa Spa Service Market size is estimated to grow at a CAGR of 13.47% over the forecast period.
Format : PDF | Report ID : SMR_1343
Middle East and Africa Spa Service Market Definition:
Further, the Spa Service Market is segmented By Service, By End-user, and geography. On the basis of Service, the Spa Service Market is segmented under Massage, Beauty/Grooming, Physical Fitness, Others. Based on the End-user, the Spa Service Market is segmented under Men, Women. By geography, the market covers the major countries in Middle East and Africa i.e., South Africa, Nigeria, Saudi Arabia, UAE, Kuwait, Egypt and Rest of Middle East and Africa for each segment, the market sizing and forecasts have been done on the basis of value (in USD Million/Billion).
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Middle East and Africa Spa Service Market Dynamics:
Clinical spas have turned into a significant pattern among people the same. A clinical spa can be perceived as a blend of both a customer spa and a clinical centre. These spas are an ideal mix of the calming spa experience and clinically determined methods performed by clinical specialists. By and large, clinical spa services range from the treatment of ageing skin, skin break-out, and hair expulsion, and that's just the beginning. these are expected to drive the market through the forecast period. A few different contributions including laser and light medicines, injectables like Rosalyn and Botox, as well as compound strips are expected to support the market through the forecast period. In a clinical spa, clients can likewise profit from rich medicines that are given at a customary day spa. These incorporate back rubs, kelp wraps, salt gleams, and facials. these factors are expected to drive the market.
Laser hair removal systems are the hair removal activity done by uncovering the hair shaft to laser light heartbeats that obliterate the hair follicle. It has been done tentatively for around 20 years before the main business lasers for these medicines were endorsed by the FDA. This treatment is generally new, which is the reason specialists anticipate that this treatment should convey along some measure of chance without fail. Despite this, there is still any desire for expansions in income. Even though population development is a huge pattern for the clinical spa industry, which is expected to assist the market through the forecast period. interest in hostile to ageing medicines is in no way, shape or form restricted to retirement-age people. these factors are expected to drive the market through the forecast period.
Compared with the US and Asia, current spa market industries all over the world, spas in the Middle East specifically are related with additional rich and helpful encounters. The pattern toward healthy lifestyle and health and clinical the travel industry in this area is growing. healthy lifestyle-centred travellers normally spend over 130% when compared with standard tourists as they look for such encounters as a feature of recreation exercises. There is presently more prominent interest for encounters of two to seven nights, health and awareness programs, reflection, corrective medicines, and topical conditions like the Asian market are expected to drive the market through the forecast period.
The world spa industry has shown excellent development in recent years which has surpassed nearly a 300 % mark. Nations in the Middle East and North Africa have rapidly understood the immense monetary potential in this area. Seeing the excellent opportunity to develop and expand, the spa ventures in this locale have a significant investment. Not just money matters here, various types of developments, most recent plans, and advisory on various kinds of spa helpful medicines have been gotten from specialists to make centre east the cynosure for the spa travel industry. these factors are driving the market through the forecast period.
Middle East and Africa Spa Service Market Segment Analysis:
By service, the Middle East and Africa market is classified into Massage, Beauty, Physical Fitness and others. The message segment is expected to dominate the market through the forecast period, and it is expected to grow at the highest CAGR through the forecast period. Spas are known for providing massage treatments for the relaxation of body muscles and mind. The Thai massage and couple massage among others is available as per customer requirements. Thus, the message segment is expected to dominate the market through the forecast period.
By End User, The Spa Service Market is classified into Men and Women, Women are expected to dominate the market through the forecast period. The men segment is growing significantly through the forecast period. The rise in awareness about healthy lifestyles and wellness driving the market.
Middle East and Africa Spa Service Market Regional Insights:
Middle East region is expected to grow through the forecast period, as the UAE hotels gain the demand for Spa services about 60 % of total Spa visitors are residents who are not staying as these places are leased for the Spa related services. Thus, The UAE region is expected to dominate the market through the forecast period. Brazil region is also showing significant growth through the forecast period.
Middle East and Africa Spa Service Market Key Players Insights:
The objective of the report is to present a comprehensive analysis of the Middle East and Africa Spa Service Market to the stakeholders in the industry. The report provides trends that are most dominant in the Middle East and Africa Spa Service Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Middle East and Africa Spa Service Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Middle East and Africa Spa Service Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Middle East and Africa Spa Service Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Middle East and Africa Spa Service Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Middle East and Africa Spa Service Market. The report also analyses if the Middle East and Africa Spa Service Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Middle East and Africa Spa Service Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Middle East and Africa Spa Service Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Middle East and Africa Spa Service Market is aided by legal factors.
Middle East and Africa Spa Service Market Scope:
Middle East and Africa Spa Service Market |
|
Market Size in 2023 |
USD 25.77 Bn. |
Market Size in 2030 |
USD 62.26 Bn. |
CAGR (2024-2030) |
13.47% |
Historic Data |
2018-222 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
By Services
|
By End-user
|
|
Country Scope |
South Africa |
Middle East and Africa Spa Service Market Key Players:
- Hologic, Inc.
- (Cynosure, Inc.)
- Lumenis Ltd. (XIO Group)
- Sciton, Inc.
- Canyon Ranch, Inc.
- Clinique LA Prairie SA
- Hyatt Hotels Corporation
- Syneron Medical Ltd. (Apax Partners)
- Chiva-Som International Health Resorts Co., Ltd.
- Allure MedSpa and Biovital Medspa. (Tattarang)
Frequently Asked Questions
US region is expected to hold the highest share in the Middle East and Africa Spa Service Market.
The market size of the Middle East and Africa Spa Service Market by 2030 is expected to reach USD 62.26 Billion.
The forecast period for the Middle East and Africa Spa Service Market is 2024-2030.
The market size of the Middle East and Africa Spa Service Market in 2023 was valued at USD 25.77 Billion.
1. Middle East & Africa Spa Service Market: Research Methodology
1.1 Research Data
1.1.1. Primary Data
1.1.2. Secondary Data
1.2. Market Size Estimation
1.2.1. Bottom-Up Approach
1.2.2. Top-Down Approach
1.3. Market Breakdown and Data Triangulation
1.4. Research Assumption
2. Middle East & Africa Spa Service Market: Executive Summary
2.1. Market Overview
2.2. Market Size (2023) and Forecast (2024 – 2030) and Y-O-Y%
2.3. Market Size (USD) and Market Share (%) – By Segments
3. Middle East & Africa Spa Service Market: Competitive Landscape
3.1. SMR Competition Matrix
3.2. Key Players Benchmarking
3.2.1. Company Name
3.2.2. Headquarter
3.2.3. Service Segment
3.2.4. End-user Segment
3.2.5. Y-O-Y%
3.2.6. Revenue (2023)
3.2.7. Profit Margin
3.2.8. Market Share
3.2.9. Company Locations
3.3. Market Structure
3.3.1. Market Leaders
3.3.2. Market Followers
3.3.3. Emerging Players
3.4. Consolidation of the Market
4. Middle East & Africa Spa Service Market: Dynamics
4.1. Middle East & Africa Spa Service Market Trends
4.2. Middle East & Africa Spa Service Market Drivers
4.3. Middle East & Africa Spa Service Market Restraints
4.4. Middle East & Africa Spa Service Market Opportunities
4.5. Middle East & Africa Spa Service Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Technological Roadmap
4.9. Regulatory Landscape
5. Middle East & Africa Spa Service Market: Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030)
5.1. Middle East & Africa Spa Service Market Size and Forecast, by Services (2023-2030)
5.1.1. Massage
5.1.2. Beauty/Grooming
5.1.3. Physical Fitness
5.1.4. Others
5.2. Middle East & Africa Spa Service Market Size and Forecast, by End User (2023-2030)
5.2.1. Men
5.2.2. Women
5.3. Middle East & Africa Spa Service Market Size and Forecast, by Country (2023-2030)
5.3.1. South Africa
5.3.2. GCC
5.3.3. Egypt
5.3.4. Nigeria
5.3.5. Rest of the Middle East and Africa
6. Company Profile: Key Players
6.1. Hologic, Inc.
6.1.1. Company Overview
6.1.2. Business Portfolio
6.1.3. Financial Overview
6.1.4. SWOT Analysis
6.1.5. Strategic Analysis
6.1.6. Recent Developments
6.2. Cynosure, Inc.
6.3. Lumenis Ltd. (XIO Group)
6.4. Sciton, Inc.
6.5. Canyon Ranch, Inc.
6.6. Clinique LA Prairie SA
6.7. Hyatt Hotels Corporation
6.8. Syneron Medical Ltd. (Apax Partners)
6.9. Chiva-Som International Health Resorts Co., Ltd.
6.10. Allure MedSpa and Biovital Medspa. (Tattarang)
7. Key Findings
8. Analyst Recommendations
8.1. Strategic Recommendations
8.2. Future Outlook