The Global Medical Spa Market Size is estimated to expand rapidly in coming years, at a CAGR of xx.xx% from 2018 to 2025. In 2017, the global market valuation was USD 12.65 billion, and it is anticipated to be greater than USD 12.96 billion by 2025. The market growth can be attributed to factors, such as increasing awareness about personal care, growing medical sap promotional activities, medical sap industry also provide comprehensive and skin care solutions, and rising number of aesthetic medicine and cosmetic treatment. The cosmetics treatment and anti-ageing treatment will play significant roles during the forecast period in terms of revenue. The high demand created in the sectors such as chemical peels and non-surgical skin tightening, along with body sculpting and tattoo removal. Asia Pacific held the largest share of the global market in 2018 and will expand at the highest CAGR during the forecast years.

Global Medical Spa Market Size, Share Analysis, By Region 2017

Medical Spa Market: Secondary Research

To recognize and collect authentic and market-oriented information crucial for the research study, several secondary sources have been approached and referred. Press releases, white papers, companies annual reports, investor presentations, and articles present on trustworthy websites, databases, and certified publications are some of the significant secondary research sources that have been used to prepare the report. The data collected as secondary data have been obtained from various reliable journals and associations such as Smart Ticketing Alliance, Association of Professional Social Compliance Auditors, General Service Administration, Department of Transportation, and Association for Intelligent Transport Systems to reach to the market numbers or size. The data obtained through secondary sources has been validated through primary research.

Medical Spa Market: Primary Research

For conducting primary research, several primary sources of the demand as well as supply sides have been approached and interviewed for obtaining quantitative and qualitative information crucial for the report. Vice Presidents, CEOs, technology directors, Product Managers, Marketing Directors and other executives of giant market players and organizations operating in medical spa market are included as primary sources of the supply side.

After performing comprehensive engineering of medical spa smarket (which includes market size estimations, calculations regarding market statistics, market forecasting, data triangulation, and market breakdown), detailed and vast primary research has been carried out to collect information along with verifying and validating the significant and critical market numbers arrived at.

Regional Analysis

Basis on demography analysis, the global medical spa market has been segmented into North America, Asia-Pacific, Europe, South America, Russia, Middle East and Africa.  Among these regions, Asia Oceania is projected to be the fastest growing region for medical spa over the forecast period due to strong economic growth, rapid industrialization, higher expenditure on wellness tourism, growing purchasing power, and the region has emerged as a hub for healthcare industry. These factors are projected to drive the medical spa market in this region in coming years due to popularity and growth of spa tourism sector and rising wellness tourism expenditure. North America led the global medical spa market, in terms of revenue share, in 2017. It is expected to retain its leading position throughout the forecast years rising demand for Botox and collagen injections, chemical peels, cellulite treatments, hair removal, facial rejuvenation, and liposuction. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.   

Key Players Landscape

Some of the key players operating in the global medical spa market that are 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 Lanserh. Key companies offer personalized medical spa treatments and aim to strengthen their market position to justify premium prices.

Global Medical Spa Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.