Medical Spa Market Expected to Show $27,566 Million by 2025 End

According to a new report published by Allied Market Research, titled, Medical Spa Market by Service: Global Opportunity Analysis and Industry Forecast, 2017-2025," the global medical spa market was valued at $11,063 million in 2017, and is projected to reach $27,566 million by 2025, growing at a CAGR of 12.2% from 2018 to 2025. The facial treatment segment accounted for one-third share of the global market revenue in 2017.

Medical Spa or MediSpa blends medicine and aesthetics uniquely to provide great beauty treatments in a unique atmosphere. Wrinkle shot, Botox injection, fine line reduction, acne treatment, filler are some of the many treatments included in the medical spa.

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Increased use of aesthetic medicines and cosmetic treatment options for beauty enhancement and wellness. However, medical spa procedures are very expensive and limit market growth, especially in developing countries. In addition, medical tourism expansion in developing countries such as India, China and Brazil creates opportunities for key market participants.

Among the service category, the body shaping segment accounted for one-fifth revenue share of the global market in 2017. This has been owing to the recent advances in body shaping, which include various non-invasive techniques that enable lesser hospitalization and faster recovery. Thus, such advances in the body shaping segment are anticipated to augment the market growth.

Additionally, the hair removal segment accounted for one-sixth share in 2017 of the global market revenue. This growth is attributed to the innovations in the laser technology, owing to which permanent hair removal is now feasible. This also supplements the market growth.

Key Findings of the Medical Spa Market :

• The tattoo removal segment accounted for about one-seventh revenue share of the total market in 2017, and is expected to register a CAGR of 11.8% from 2018 to 2025.
• U.S. dominated the North America medical spa market and is projected to retain its trend throughout the forecast period.
• India is the fastest-growing country in the Asia-Pacific medical spa market, registering a CAGR of 14.2% during the forecast period.
• Brazil is the fastest-growing country in the LAMEA medical spa market, registering a CAGR of 13.9% during the forecast period.

The key players operating in the global medical spa market are Allure Medspa, Biovital Medspa, Canyon Ranch, Inc., Chiva Som, Clinique La Prairie, Hyatt Corporation, Sciton, Inc., True Skin Care Center, Vilalara Longevity Thalassa & Medical Spa, and Westchase Medspa. Other players operating in the value chain are Cynosure, Inc., Lumenis, Ltd., Syneron Medical, Ltd., Spa Vitoria, and Lanserhof.

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