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Thermal Spa & Wellness Market Size

Report ID: GMI12679
Published Date: Dec 2024
Report Format: PDF

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Thermal Spa & Wellness Market Size

The global thermal spa & wellness market size was valued at USD 287 billion in 2024 and is estimated to grow at a CAGR of over 3.9% from 2025 to 2034. As individuals place greater emphasis on health, relaxation, and overall well-being during their travels, wellness tourism is witnessing a swift ascent.

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This burgeoning trend encompasses trips to thermal spas, wellness resorts, and retreat centers, all of which provide tailored services like hydrotherapy, aromatherapy, and time-honored spa treatments.

Thermal Spa & Wellness Market Report Attributes
Report Attribute	Details
Base Year:	2024
Thermal Spa & Wellness Market Size in 2024:	USD 287 Billion
Forecast Period:	2025 to 2034
Forecast Period 2025 to 2034 CAGR:	3.9%
2034 Value Projection:	USD 419 Billion
Historical Data for:	2021 - 2023
No. of Pages:	220
Tables, Charts & Figures:	180
Segments covered:	Treatment Type, Type of Facility, Age Group, Customer Preference, Consumer Group, and Region
Growth Drivers:	Increasing health and wellness awareness Rising popularity of wellness tourism
Pitfalls & Challenges:	High operational costs

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Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global thermal spa & wellness industry was valued at USD 287 billion in 2024 and is projected to grow at a CAGR of over 3.9% from 2025 to 2034, driven by increasing consumer focus on health, relaxation, and well-being during travel.

The massage therapy segment accounted for USD 91 billion in revenue in 2024 and is expected to grow at a CAGR of around 4.2% from 2025 to 2034, supported by its benefits in muscle relaxation, improved circulation, and mental well-being.

The U.S. thermal spa & wellness market generated USD 87 billion in revenue in 2024 and is projected to grow at a CAGR of 4.3% from 2025 to 2034, driven by the rising importance of self-care and wellness in American lifestyles.

Key players in the industry include Aman Resorts, Blue Lagoon, Brenners Park-Hotel & Spa, Caribbean Thermal Spa, Chiva-Som International Health Resort, Four Seasons Hotels Limited, Kempinski Hotels, Lan