Press release
Medical Spa Market to 2025 Growth analysis by leading key players like Allure Medspa, Biovital Medspa, Canyon Ranch, Chiva Som, Clinique La Prairie, Hyatt Corporation, Sciton and True Skin Care Center
Rise in incidence of skin damage, changes in lifestyle, growth in adoption of non-invasive procedures, increase in demand for the aesthetic industry, and cost-effective procedures are the major factors that drive the growth of the global medical spa market. In addition, upsurge in disposable incomes and expansion of medical tourism in the developing economies with lucrative services boost the market growth. However, low penetration in the developed and underdeveloped countries and high cost of skilled therapy professionals restrain the market growth.
The key players operating in the global medical spa market are Allure Medspa, Biovital Medspa, Canyon Ranch, Chiva Som, Clinique La Prairie, Hyatt Corporation, Sciton, True Skin Care Center, Vilalara Longevity Thalassa & Medical Spa, and Westchase Medspa. Other players operating in the value chain are Cynosure, Lumenis, Syneron Medical, Spa Vitoria, and Lanserhof.
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The global medical spa market is segmented on the basis of service and region. According to service, the market is characterized into body shaping, hair removal, facial treatment, tattoo removal, scar & striae, and vascular lesion. Considering the region, it is analyzed across North America, Europe, Asia-Pacific, and Latin America Middle East and Africa (LAMEA).
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.
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Medical Spa Market by Services
Chapter 5: Medical Spa Market by Region
Chapter 6: Company Profiles
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