Global Medical Spa Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global medical spa market in its upcoming report titled, “Global Medical Spa Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global medical spa market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global medical spa market report has been segmented on the basis service and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Medical spa is a kind of a hybrid between the traditional day spa and a medical clinic. Medical spa helps people for daily skincare routines and offer rejuvenating therapies to keep the skin fresh and youthful. Med spas are facilities that offer a variety of services, some of which fall under the category of medical or surgical. Med spas varies depending on the state and individual laws and regulations.
Key driver of the global medical spa market is increasing use of cosmetic treatment and medicines for beauty enhancement across the globe. In addition, increasing per capita income level, introduction of new product into market, purchasing power of the population coupled with rising personal care expidenture, growing aging population, increasing demand of better medical spa services, growing medical tourism are the factors anticipated to propel growth of the global medical spa market. Furthermore, changing lifestyles, technological advancement in skincare devices, rise increasing skin-related diseases are among the other factors boosting the demand for medical spa across the globe. High cost associated with the procedures and lack of skilled professionals are the factors expected to hamper the growth of the medical spa market.
Medical spas are rapidly becoming popular as people are opting for cosmetic or spa treatments which are medically supervised as they are more reliable. The medical spa service providers are focus on offering integrated such as massages, facials, scrubs, wraps, oils, herbs and other therapies designed to reduce toxins, relieve stress, improve blood circulation services, etc. under one roof.
Geographically, the medical spa market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in North America is expected to dominate the global medical spa market, owing to rising disposable income and early adoption of novel technologies in country in the region. In contrast, the market in Asia Pacific is expected to be an emerging market for medical spa and is expected to register highest CAGR in during the forecasted period, owing to increasing medical tourism in the region.
GLOBAL MEDICAL SPA MARKET SEGMENTATION:
Segmentation by service:
- Body shaping
- Hair removal
- Facial treatments
- Tattoo removal
- Scars & Striae
- Others (includes Dental spa, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Canyon Ranch, Inc.
- True Skin Care Center
- Vilalara Longevity Thalassa & Medical Spa
- Clinique La Prairie
- Sciton, Inc.
- Allure Medspa
- Biovital Medspa
- Canyon Ranch
- Hyatt Corporation
- Westchase Medspa
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