Far Infrared Saunas Market Competitive Analysis By Type (Hospital, Rehabilitation Center, Hotel, Spa, Household, Other), By Application (Carbon Fiber Shell, Hemlock Shell, Other) and Regional Forecast to 2032

FAR INFRARED SAUNAS MARKET REPORT OVERVIEW

The global far infrared saunas market size expanded rapidly USD 425.95 million in 2023 and the market is projected to grow substantially USD 647.14 million by 2032, exhibiting a prodigious CAGR 7.22% during the forecast period.

Because of the therapeutic qualities that far infrared saunas possess, they are increasingly becoming employed in a variety of settings, including residential locations, rehabilitation centres, hotels, resorts, salons and spas, hospitals and other medical institutions who benefit from offering such sauna services. The technological advancements and growth of awareness amongst the public has led to a well-received market for far infrared saunas. These saunas emit radiations which are extremely beneficial for health, as each session the radiations help in relaxing the skin, detoxifying bodily organs and promote general good health amongst users.

Since the target audience of consumers has a newly awakened desire for such products and services which promote good health and wellness, the far infrared saunas market share is supplemented greatly. Key players in the industry are now understanding the increased demand and accordingly spending their budgets in developing newer, more advanced models by innovating on parameters such as usability, efficiency and health benefits that their products offer to users. The market is therefore expanding rapidly as a result of these developments, which are driving the adoption of far infrared saunas across a variety of applications in various industries.

COVID-19 Impact: Market Growth Restrained by the Pandemic

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels. The manufacturing and supply chains were distributed suddenly and majorly, however since COVID led to a heavy negative influence and decline of health, there is a resurgence in demand for saunas because people are looking for health conscious wellness solutions to recover from the health effects of the pandemic.

LATEST TRENDS

"Innovations and Technological Advancements in Sauna Design and Development"

Using cutting-edge technology to improve user experience is one of the newest trends in the far infrared sauna industry growth. Since these saunas have become highly appealing to customers because of their health and wellness propagating features, innovations such as smart controls, increased safety features, and improved energy efficiency are increasingly being developed by manufacturers to increase the usability of far infrared saunas.

FAR INFRARED SAUNAS MARKET SEGMENTATION

By Type

Hospital: Hospitals are making the most of the benefits offered by far infrared saunas in order to facilitate processes such as patient rehabilitation and recovery. These saunas are now being used in medical settings for therapeutic purposes since it is a good supplementary therapy along with other medications that can support recovery and general well-being of the afflicted patients.

• Rehabilitation Center: Far infrared saunas are used in rehabilitation centres so that they can assist the patients living in these centres in combating their various diseases and ailments. Far infrared saunas possess various detoxifying and relaxing effects that can aid recovery of patients by enhancing their blood circulation and reducing muscle tension, which are two out of many essential benefits that these saunas provide.
• Hotel: In an effort to appeal to their more health-conscious visitors and guests, many hotels, resorts and other lodging facilities are now focusing on incorporating far infrared saunas into their existing spa and wellness offerings. The increasing popularity of the trend which includes wellness travel as a type of vacation has also increased demand for such sauna services to be included in their all-inclusive spa packages.
• Spa:Far infrared saunas are widely adopted by spas in order to expand the scope of their therapeutic and relaxation offerings. The deep relaxation, detoxification and healing properties of far infrared saunas add value to the spa’s offerings and attract many health conscious customers towards the businesses.
• Household:As more and more consumers have started spending their money on personal wellness products after the pandemic, the household segment of far infrared saunas market share is also expanding steadily. This segment consists of users who want to enjoy the benefits of such saunas from the comfort of their home for maximum convenience and health benefits.
• Other:This category covers a range of additional uses for far infrared saunas for therapeutic and calming purposes in wellness or fitness centres, and even in private clubs.

By Application

• Carbon Fiber Shell:Carbon fiber shell saunas are popular because of their resilient and efficient qualities. The way they distribute far infrared heat makes them popular with sauna users who want a consistent sauna experience. These types of saunas are used in both commercial and residential settings because of their good reputation for durability.
• Hemlock Shell:Hemlock shell saunas combine the health advantages of far infrared technology with a beautiful and aesthetically pleasing exterior design. Because of its strength and resistance to warping, hemlock wood is a dependable material to use when building far infrared saunas.
• Other:Saunas can be manufactured using a variety of different materials and styles to suit the needs of businesses or specific customers. These saunas are usually made to order, and include special features that are advantageous to the end users.

DRIVING FACTORS

"Increased Health Consciousness of Customers after Pandemic"

The market for far infrared saunas is being driven by the growth of awareness in existing and potential customers in terms of their overall health and wellness. More and more people want to either use or invest in far infrared saunas for its detoxification and relaxation qualities, which is done by increasing blood circulation and increasing regenerative qualities of the skin. These advantages are not being offered in any other type of saunas, and therefore the market is seeing a significant upsurge in demand.

"Innovation in the Sauna Industry through Technological Advancements"

Far infrared saunas market growth is being driven by technological advancements in terms of design and innovation while making the saunas. New features such as smart control systems, energy-efficient heating components, and improved safety features are aiding market expansion by offering a much more enhanced user experience, all while broadening the far infrared sauna's range of applications across various industries.

RESTRAINING FACTORS

"Exclusivity of Sauna Services"

One major deterrent is the high cost of taking far infrared sauna therapy, and even higher investment which is required to purchase the sauna for personal use. For many potential service providers, the cost of buying and installing a far infrared sauna is a huge deterrent, and the fact that most customers are not able to afford such expensive therapies makes them question whether they should procure such pricey equipment.

FAR INFRARED SAUNAS MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America Dominates The Market Due To Rising Awareness And Health Consciousness Of Customers"

During the forecast period, North America is anticipated to dominate the far infrared saunas market share. The demand for far infrared saunas has grown significantly in the US in particular due to the rising awareness and health consciousness of customers, along with their increased disposable income. The introduction of wellness and fitness trends which are highly aspirable for the public also help the nation maintain its leading position in the market, as these factors encourage users to try such therapeutic sauna experiences.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Expansion"

Leading companies maintain their global far infrared sauna market share by consistently developing and researching for new ideas to improve their product offerings and increase the sale of their far infrared saunas. These players also encourage the adoption of far infrared saunas across various industry applications by concentrating on enhancing features such as energy efficiency, safety prerequisites and the overall user experience.

List of Market Players Profiled

• Swiss Reinz International (US)
• Doodle Powel (UK)
• Hi Tech Bath Solution (US)
• Omega Bath Solutions Private Limited (India)
• Blizz Detox Care (US)
• Hightide Buildtech International Private Limited (India)
• Steamers India (India)
• Beauty Solutions (US)
• Lifeline Enterprises (US)

INDUSTRIAL DEVELOPMENT

June, 2024: The launch of smart sauna systems by Hi Tech Bath Solution was a noteworthy advancement in 2024. The system included practical and efficient features such as improved safety mechanisms, energy-efficient heating components, and remote control via mobile apps, which were previously unheard of in the market.

REPORT COVERAGE

This report provides a comprehensive analysis of the far infrared saunas market growth, including parameters such as market dynamics, segmentation, and regional forecasts. By segmenting the market into types such as hospitals, rehabilitation centres, hotels, spas, households, and others, the report provides an in-depth understanding of each segment's contribution to the overall market. Furthermore, the application-based segmentation highlights the varied uses and benefits of far infrared saunas in different settings.

This report also talks about insights into technological advancements that are driving market growth, coupled with factors such as increased health consciousness post-pandemic and constant innovations in sauna design and functionality. Additionally, the regional forecast to 2029 highlights the dominance of North America due to its high adoption rate of wellness trends, good disposable income and presence of many key market players, which influence the global market dynamics heavily.