1.1 Definition and scope of study
A thermal establishment can be defined as an establishment which makes use of water from mineral springs, as well as the sludge and gases derived from them, to treat the ailments or pathologies of patients. Since the prehistoric times, human beings made use of thermal waters for their anti-parasitic, therapeutic, and hygienic properties, as water was considered as the easier and more natural medicine available. The spa market can be segmented by service type (hotel/resort spa, salon spa, and medical spa), and geographical area.
The global spa market size was valued at $47.5 billion in 2020, and it is expected to expand at a CAGR of 12.1% during the period 2021-2028.
The first thermal facilities were introduced in Italy by Etruscans and Romans, who established spas in places where it was possible to exploit natural sources of hot water or with special curative qualities. Over time, especially during the imperial age, thermal facilities spread even within cities, thanks to the development of advanced techniques for heating water. Right now, the spa industry in Italy is trying to recover form a period of inflection due to the coronavirus pandemic, which experienced an impressive slump in revenues and an increase in the number of dismissals of employees. However, there is still hope for this sector, as many foreign investors are arriving in Italy, ready to infuse their money in the development of such industry.
In particular, foreign investors decide to finance the development of Italian spas as they are globally known for their extraordinary quality. With more than 320 thermal centers in operation, 90% of which accredited to the National Health Service, Italy has a huge heritage which combines the healing properties of its waters with the beauty and cultural offer of the territory. This is the reason why thermalism is considered a valuable aid in the prevention and treatment of many chronic diseases and helps to reduce the administration of drugs. In fact, thermal rehabilitation significantly reduces recovery times, even for athletes. The Italian thermal system welcomes and assists almost 3 million clients per year, 12% of whom are foreigners.
To keep reading, buy the full research
What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
- How do companies in the market differ from each other?
- Access company mapping and profiles.
- Data from several dozen databases
This market study is available online and in pdf format (30 p.)
- Consult an example PDF or online
Availability within 10 business days
1 sector analyzed
in 40 pages
The Insulin Pump Market - France
A very precise and detailed study of this market, driven by the strong growth of this disease in the world
Hello Amaury, Thank you for your feedback. We are happy to read that the content of the study has fully met your expectations. :)
The dental implant market - France
Publicado en 07/01/2022 by Denis Monnoyeur
The study highlights three trends: the dynamism of the market, the concentration of players and the practice of high prices.
Hello Denis, Thank you very much for this very positive review! We are delighted to see that you appreciate our studies and we thank you for the trust you have placed in us.
The Parapharmacy Market - France
Publicado en 07/01/2022 by Client anonyme - Ce client a souhaité rester anonyme
Clear and concise generic study. Well documented. However, I would have liked to see that the actors' files at the end of the report corresponded precisely to those stated in the report.
Hello, Thank you for your feedback on our study. We are planning to update it taking into account your remarks, we will keep you informed as soon as it is available.