Massage Therapy Services Market Set to Achieve 9% CAGR 2022-2032
According to Future Market Insights (FMI), the massage therapy services market is slated to expand at a CAGR of ~8.6% over the forecast period of 2022-2032.
In many ways massage has become medicine. Massage therapy has been proven to relieve stress and anxiety, which in turn improves mental health and wellbeing. The growing self-care, health and wellness movement is a key driver in predicted industry growth and success. Massage therapy demand is anticipated to remain elevated due to the growing urge to maintain a psychologically and physically healthy lifestyle. Furthermore, the frequency of chronic illnesses is likely to increase the demand for massage services.
The FMI report also cites that the aging population is spending more on non-surgical therapies to improve their mental health and wellbeing.
Other key trends identified are:
- The women’s segment is anticipated to boost the growth of the massage therapy services market due to increasing trend of beauty and grooming worldwide.
- By service type, the deep tissue massage segment is expected to gain revenue over the upcoming decade.
- In terms of sales channel, the online booking segment is expected to witness impressive growth during the projection period.
Additionally, FMI projects the Spa Services Market to reach 140B from is current 105B in the US alone over the next ten years, a CAGR of 10%. Again, the surging demand for relaxation, wellness and meditation activities boost market potential.
It’s obvious that the health and wellness movement is on the rise as more and more people look for ways to improve and maintain their own health. That’s why now is the time to take advantage of the strong growth in the health and wellness business and invest in your future. MassageLuXe is a proven brand that delivers the highest quality massage, facial, and waxing services in a comfortable, relaxing, and luxurious environment.
MassageLuXe offers an excellent investment opportunity and available territories for qualified candidates. If you’d like to find out more about franchise opportunities with MassageLuXe, fill out the form below.