Medical Spa Market is anticipated to reach US$ 31.78 Bn. by 2027 from US$ 14.48 Bn. in 2021 at a CAGR of 14% during a forecast period. A medical spa combines medical knowledge and technology with a soothing leisure experience. This spa also offers a full range of skincare services, including nutrition and fitness guidance. In the research, the revenue impact of the COVID-19 epidemic on market leaders, market followers, and disrupters is analysed, and the same is reflected in our analysis. To know about the Research Methodology :- Request Free Sample Report In report, 2021 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Medical Spa Market DynamicsThe global medical spa market is expected to grow due to an increase in the use of cosmetic treatments and pharmaceuticals for aesthetic improvement in developed countries throughout the world. Furthermore, technological advancements in skin care equipment, an increase in the number of skin-related ailments, an aging population, and a surge in demand for improved medical spa services are some of the reasons propelling the global medical spa market forward. According to the International Society of Aesthetic Plastic Surgery, minimally invasive procedures including non-surgical skin tightening and chemical peels, as well as tattoo removal and body sculpting, are in high demand. As demand for beauty and self-enhancing therapies grows throughout the world, the medical spa trend is becoming increasingly popular and profitable. This is expected to create more opportunities for the growth of the market during the forecast period. Premature hair loss, early aging, skin problems, obesity, hormonal issues, and other such physical, mental, and emotional ordeals are being caused by rising pollution levels, stressful lifestyles, adulteration of food products, maleficent farming techniques, use of hormones, and biological substrates in dairy products, and skin exposure to harmful chemicals. As a result of the rising trend of health and fitness culture, changing lifestyles, and increased usage of skincare solutions and face treatments, the worldwide medical spa market is expected to grow during the forecast period. Restraints: the high cost of procedures and a scarcity of experienced specialists are expected to restrict the global medical spa market's growth.
Medical Spa Market Segmentation AnalysisBy Service, during the forecast period, face treatments are expected to increase at a CAGR of xx percent. The demand for cosmetic treatments is expected to rise as individuals become more conscious of the importance of improving their looks. Novel facial treatments available in medical spas, such as an ultrasonic fountain, nature signature facial, oxygen facial, derma wave, and HydraFacial MD, are also contributing to the global medical spa market's growth. During the forecast period, the global medical spa market is likely to be driven by the introduction of novel procedures. In 2021, the body shaping segment accounted for one-fifth of the worldwide market's revenue. This is due to recent advancements in body contouring, which include a variety of non-invasive treatments that allow for less hospitalization and quicker recovery. As a result, such advancements in the body shaping segment are expected to boost market growth. The hair removal segment contributed one-sixth of worldwide market revenue in 2017. This growth can be ascribed to advancements in laser technology, which have made permanent hair removal possible. This also contributes to the market's growth.
Medical Spa Market Regional InsightThe North American region is expected to dominate the worldwide medical spa market, followed by the Asia Pacific region. The company's dominance in the market may be ascribed to the increased popularity of experience travel as well as the increasing affordability of flights and other travel choices. Due to an increase in the incidence of skin illnesses and the high usage of medical spas as a therapeutic therapy, demand for medical spas is growing in the United States. The United States is concentrating its efforts on branded medical spa service providers looking to offer new items to comply with current regulatory criteria. Furthermore, the United States has dominated the worldwide medical spa service sector thanks to government financing for continuous clinical research. The presence of several well-known enterprises such as Chic la Vie, Dermani Medspa, and other North American firms has resulted in impressive returns for the country. Legal residents of Germany are entitled to free access to healthcare facilities paid by social security payments under the German health system, which is a universal multi-layer system. It is now one of the top healthcare systems in the world, thanks to its physicians, experts, and facilities. Greater potential in the medical spa market arena has resulted from increased knowledge of palliative care, adoption of services, and acceptance of medical spa treatments to address skin conditions. Furthermore, Germany has passed legislation allowing doctors and physicians to prescribe digital application channels with health advantages that may be covered by the country's healthcare system. By the end of 2027, the German market is expected to be worth US$ 4 billion. Furthermore, the Asia Pacific region is expected to be the global medical spa market's leading region. Growing consumer discretionary income, particularly in emerging markets like China and India, as well as the rise of the tourist industry, are two major reasons driving the medical spa market in the region. China is the world's second-largest healthcare sector, with rapid growth driven by two major factors like large-scale capital investments and strong productivity growth. These two factors suggest a desirable location for both foreign investment and significant local savings. Due to the widespread use of medical spa services and its large-scale production capability, China is now ranked second in the worldwide market. By 2027, the Chinese market is expected to grow at a CAGR of 17%. The United Kingdom's healthcare system is a well-known and universal system that is mostly sponsored by the government. It is one of the world's most successful healthcare systems. The United Kingdom has the second-highest amount of expenditure in Europe, which is reasonable. In addition, increased research activities, an increase in service providers, and the presence of numerous significant companies present a great opportunity for medical spa providers in the country. By the end of 2027, the UK market is expected to be worth US$ 2 billion. The global medical spa market is being driven by some of the most well-known service providers who are allowing premium pricing for their services. They are implementing brand positioning methods to establish a brand image and its associated offerings. Some of the suppliers are planning a variety of wellness programs and services for customers who want to unwind and rest in a relaxing environment. The cost of their services is determined by factors like location, increased facilities, and increased use of technology-based treatments and services. In addition, to enhance their brand positioning, the major players are developing new advertising campaigns. Report Objectives: • Landscape analysis of the Medical Spa Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • Potential impact of micro-economic factors of the market • External and Internal factors affecting market have been analyzed The report also helps in understanding the Medical Spa Market dynamics, structure by analyzing the market segments and project the Medical Spa Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Medical Spa Market make the report investor’s guide.
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Global Medical Spa Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2027 Historical Data: 2017 to 2021 Market Size in 2021: US $ 14.48 Bn. Forecast Period 2022 to 2027 CAGR: 14% Market Size in 2027: US $ 31.78 Bn. Segments Covered: by Service •Facial Treatment • Body Shaping & Contouring • Hair Removal • Scar Revision • Tattoo Removal • Others by End User • Men • Women
Medical Spa Market by Region• North America • Asia pacific • Europe • Middle East and Africa • South America
Medical Spa Market: Key PlayersCanyon 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, Westchase Medspa. Frequently Asked Questions 1. What is the projected market size & growth rate of Medical Spa Market? Ans- Medical Spa Market was valued at USD 14.48Bn in 2021 and is projected to reach USD 31.78 Bn by 2027, growing at a CAGR of 14% during the forecast period. 2. What are the key driving factor for the growth of Medical Spa Market? Ans- The global medical spa market is expected to grow due to an increase in the use of cosmetic treatments and pharmaceuticals for aesthetic improvement in developed countries throughout the world. 3. Which Region accounted for the largest Medical Spa Market share? Ans- The North American region dominated the worldwide medical spa market, followed by the Asia Pacific region. 4. What makes Asia Pacific a Lucrative Market for Medical Spa Market? Ans- Growing consumer discretionary income, particularly in emerging markets like China and India, as well as the rise of the tourist industry, are two major reasons driving the medical spa market in the region. 5. What are the top players operating in Medical Spa Market? Ans- Canyon Ranch, Inc., Chiva Som, Chic La Vie, Kurotel - Longevity Medical Center & Spa, Clinique La Prairie, Hyatt Corporation.
1. Global Medical Spa Market: Research Methodology 2. Global Medical Spa Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Medical Spa Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Medical Spa Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Medical Spa Market Segmentation 4.1 Global Medical Spa Market, by Service (2021-2027) • Facial Treatment • Body Shaping & Contouring • Hair Removal • Scar Revision • Tattoo Removal • Others 4.2 Global Medical Spa Market, by End User (2021-2027) • Men • Women 5. North America Medical Spa Market (2021-2027) 5.1 North American Medical Spa Market, by Service (2021-2027) • Facial Treatment • Body Shaping & Contouring • Hair Removal • Scar Revision • Tattoo Removal • Others 5.2 North America Medical Spa Market, by End User (2021-2027) • Men • Women 5.3 North America Medical Spa Market, by Country (2021-2027) • United States • Canada • Mexico 6. Asia Pacific Medical Spa Market (2021-2027) 6.1. Asia Pacific Medical Spa Market, by Service (2021-2027) 6.2. Asia Pacific Medical Spa Market, by End User (2021-2027) 6.2. Asia Pacific Medical Spa Market, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Medical Spa Market (2021-2027) 7.1. Middle East and Africa Medical Spa Market, by Service (2021-2027) 7.2. Middle East and Africa Medical Spa Market, by End User (2021-2027) 7.3. Middle East and Africa Medical Spa Market, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Medical Spa Market (2021-2027) 8.1. Latin America Medical Spa Market, by Service (2021-2027) 8.2. Latin America Medical Spa Market, by End User (2021-2027) 8.3 Latin America Medical Spa Market, by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 9. European Medical Spa Market (2021-2027) 9.1. European Medical Spa Market, by Service (2021-2027) 9.2. European Medical Spa Market, by End User (2021-2027) 9.3 European Medical Spa Market, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Sinopec Corp. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Canyon Ranch, Inc. 10.3. Chiva Som 10.4. Chic La Vie 10.5. Kurotel - Longevity Medical Center & Spa 10.6. Clinique La Prairie 10.7. Hyatt Corporation 10.8. Sciton, Inc. 10.9. Lanserhof Lans 10.10. Allure Medspa 10.11. True Skin Care Center 10.12. Serenity Medspa 10.13. Bijoux Medi-Spa 10.14. The Orchard Wellness Resort 10.15. Biovital Medspa 10.16. The DRX Aesthetics 10.17. Sha Wellness Clinic 10.18. S Medical Spa 10.19. Brenners Park-Hotel & Spa 10.20. Vilalara Longevity Thalassa & Medical Spa, 10.21. Westchase Medspa.