U.S (New York)–This Medical Spa Market Report gives evaluation and insights primarily based on authentic consultations with necessary gamers such as CEOs, Managers, Department Heads of Suppliers, Manufacturers, and Distributors etc.
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. Medical spas, also known as medispas, are a unique blend of medicine and aesthetics. They offer quality cosmetic treatments in a relaxing environment, which are medically recommended and supervised. Several skin care treatments are conducted in medical spas, such as Botox injections, anti-wrinkle and fine-line reduction treatments, acne therapy, fillers, and latest laser procedures. All these affirmed therapies are cosmetic and primarily intended for rejuvenating or enhancing an individual’s appearance. In addition, anti-ageing and non-surgical lifts, which were previously available only in a physician’s clinic, are now easily available in medispas. Further, medispas have been gaining popularity because consumers have been increasingly opting for cosmetic or spa treatments, which are medically supervised and also more reliable.
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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. On the contrary, technological advancement in medical treatments conducted in medispas, such as laser technology, dermal fillers, cellfina, ultra-therapy, and others, are expected to offer lucrative opportunities during the forecast period.
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).
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
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KEY BENEFITS
The study provides an in-depth analysis of the global medical spa market with current trends and future estimations to elucidate the imminent investment pockets.
A comprehensive analysis of factors that drive and restrict the market growth is provided.
A holistic quantitative analysis of the industry from 2017 to 2025 is provided to enable the stakeholders to leverage the existing market opportunities.
An extensive analysis of the key segments of the industry helps to determine the viability of the products and technologies used globally.
The key market players and their strategies are provided to understand the competitive outlook of the market.
KEY PLAYERS PROFILED
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
Westchase Medspa
KEY MARKET SEGMENTS
By Service
Body shaping
Hair removal
Facial treatment
Tattoo removal
Scars & striae
Others
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By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
Turkey
South Africa
Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the Market opportunities, market risk, and market overview of this industry?
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
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