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New Study Reports: Medical Spa Market on eye to reach $27.56 Billion by 2025, Globally

02-20-2019 06:52 PM CET | Health & Medicine

Press release from: Allied Market Research

Medical Spa Market

Medical Spa Market

A medical spa combines the medical expertise and technology with the relaxing experience of a spa. This spa also provides comprehensive and skin care solutions, such as nutrition and exercise advices.

The global medical spa market was valued at $11,063 million in 2017, and is expected to reach $27,566 million by 2025 at a CAGR of 12.2% during the forecast period.

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The rising number of aesthetic medicine and cosmetic treatment options for beauty enhancement coupled with the growth in wellness trends among developed nations drives the market growth. However, the dearth of skilled professionals and the high cost associated with the procedures impede the market growth. Moreover, the rise in medical tourism in developing economies, such as India, China, and Brazil, is anticipated to create lucrative opportunities in the market.

The global medical spa market is segmented as per service and region. By service, it is divided into body shaping, hair removal, facial treatment, tattoo removal, scars & striae, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).

Services category review

In the services category, the facial treatment segment is expected to be the most lucrative, owing to the trend and increased awareness for improving self-appearance. In addition, various facial treatments are provided in the medical spa, such as HydraFacial MD, nature signature facial, derma wave and dermaplaning, oxygen facial, ultrasonic fountain, and others. Thus, such an increase in novel techniques and procedures is expected to augment the market growth.

In 2017, North America was the dominant revenue contributor, owing to the increase in the wellness trend and the early adoption of novel technologies in this sector. However, Asia-Pacific is expected to witness the highest CAGR during the forecast period, owing to the presence of high-populace countries, such as India and China. In addition, the medical tourism enhancement also fuels the market growth.

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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.

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.

Key Benefits:

• The study provides an in-depth analysis with the current trends and future estimations of the global medical spa market to elucidate the imminent investment pockets.
• A comprehensive analysis of the factors that drive and restrict the market growth is provided.
• The quantitative analysis of the industry from 2017 to 2025 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
• An extensive analysis of key segments of the industry is provided to understand the profitability of the various types of global medical spas.
• The key players and their strategies are analyzed to understand the competitive outlook of the market.

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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