Medical Spa Market Value to Accelerate $27,566 Mn, with a CAGR of 12.2% by 2025
Over the past decade, the spa and cosmetics industry has seen tremendous growth, and more and more individuals have chosen a variety of beauty and spa treatments. Medical spas are also rapidly gaining popularity as people choose more medically supervised beauty or spa treatments because more and more trustworthy and suspicious doctors can easily be made clear by qualified doctors. These provide an alternative beauty and health treatment in such an uncommon medical setting that makes the individual relaxed and relaxed.
The Need for a Medical Spa:
Our skin is often the most marginalized part of our body and sadly the most abused part. In our busy life, taking care of our skin is forgotten and goes down to the bottom of the list. Due to constant sun exposure and environmental pollution, our skin prematurely ages and wrinkles. The medical spa teaches people daily about skin care routines and provides a rejuvenating treatment to keep skin fresh and young.
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Increasing use of beauty and beauty treatment options for beauty enhancement and health promotion 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 :
• 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 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.
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.
More Info @ https://www.medgadget.com/2018/12/medical-spa-market-key-players-and-their-strategies-are-analyzed-to-understand-the-competitive-outlook-2025.html
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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