Medical Spa Market Expected to Grow ,566 Mn by 2025Posted by Sanket Solanki on March 1st, 2019 The global medical spa market was valued at ,063 million in 2017, and is expected to reach ,566 million by 2025 at a CAGR of 12.2% during the forecast period. A medical spa combines the medical expertise and technology with the relaxing experience of a spa. This spa also provides comprehensive and skin care solutions, such as nutrition and exercise advices. An increase in aesthetic medical and beauty treatment options for beauty enhancement combined with the growth of wellness trends. However, market growth is hampered by the lack of skilled professionals and the high costs associated with procedures. Increasing medical tourism in developing countries such as India, China and Brazil is expected to create a favorable market opportunity. Download Sample of the Report @ https://www.alliedmarketresearch.com/request-sample/2494 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. 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 are the top key players in the global medical spa market. Key Findings of the Medical Spa Market :
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. Like it? Share it! More by this author |