The Spa industry has observed strong growth and is expected to grow dynamically in the future. The rise in the annual disposable income among individuals coupled with the growing level of health awareness has created strong opportunities for existing and new entrants in this sector.
The report begins with an overview of the industry indicating market size and growth. The various types of spa and the treatments offered have been highlighted. The report marks the major geographical destinations in India and highlights the opportunities available for other industries affiliated to the spa market.
An analysis of the drivers explains factors contributing to the huge potential based on the high profitability, growth in medical tourism, a large consumer base, the existing lifestyle of consumers and government initiative. The key challenges identified include the lack of trained personnel and the lack of standards & accreditation.
The key trends discussed are the growth in medispas, real estate players diversifying into spa and resorts markets, foreign players entering the market, players targeting teens and men. Competition section identifies the major domestic and foreign players in the Indian market including the geographical presence, services offered and business outlook for each player. The report mentions about the new players planning to foray into the market and also covers the other key developments in the industry.