Global Medical Spa Market is segmented by service (facial treatment, body shaping & contouring, hair removal, scar revision, tattoo removal and others), by End-User (men and women), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ XX Bn by 2026, at a CAGR of XX %.
A medical spa is related to technology and needs medical expertise for providing the relaxing experience of a spa to patients. The medical spa also delivers personalized health care and skin care solutions. The growth of medical tourism in developing countries across the globe like China, Singapore, Brazil, and India, is projected to generate lucrative opportunities for the global medical spa market during the forecast period.
The body shaping segment is expected to grow at a XX% rate of CAGR during the forecast period.
Based on the service, the global medical spa market is segmented into facial treatment, body shaping & contouring, hair removal, scar revision, tattoo removal, and others. Among these, the body shaping segment is expected to grow at a XX% rate of CAGR during the forecast period. The growth in the market by this segment is owing to the new advances in body shaping, which contain numerous non-invasive techniques. It also enables lesser hospitalization and faster recovery. Such advances in the body shaping segment are expected to boost the global medical spa market growth.
On the other hand, the hair removal segment is projected to lead to the global medical spa market. The leading position in the market can be attributed to the innovations in laser technology, owing to which permanent hair removal is now possible. These factors are expected to increase the demand for hair removal treatment.
North America region is estimated to hold a dominant position in the global medical spa market followed by the Asia Pacific.
North America region is estimated to hold the dominant position in the market owing to the increase in the wellness trend and the rapid adoption of novel technologies. Furthermore, the Asia-Pacific region is expected to witness the XX % rate of CAGR during the forecast period. The presence of high-populace countries like India and China and enhancement in medical tourism are expected to boost the market growth in the region.
Key players operating in the global medical spa market includes Allure Medspa Biovital Medspa, Canyon Ranch, Inc., Chiva Som, Chic La Vie, Kurotel – Longevity Medical Center & Spa, Clinique La Prairie, Hyatt Corporation, Sciton, Inc., Lanserhof Lans, Allure Medspa, True Skin Care Center, Serenity Medspa, Bijoux Medi-Spa, The Orchard Wellness Resort, Biovital Medspa, The DRX Aesthetics, Sha Wellness Clinic, S Medical Spa, Brenners Park-Hotel & Spa, Vilalara Longevity Thalassa & Medical Spa, and Westchase Medspa.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the global medical spa market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global medical spa market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global medical spa market positioning of competitors.
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