12 Super Smart Ways to Save Money on Medical Spa
Medical spas offer a unique combination of medical treatments and wellness services in a relaxing environment. These spas offer a wide range of treatments such as laser hair removal, skin rejuvenation, body wraps, facials, massage therapy and more. In addition to traditional spa services, medical spas also offer advanced procedures such as botox injections and dermal fillers. Medical spas are growing in popularity as they can offer both relaxation and medicinal treatments in one place. The size of the global medical spa market was estimated at US$12,438 million in 2020 and is forecast to reach US$29,542.33 million by 2030, growing at a CAGR of 9% from 2021 to 2030.
Medical Spa market in brief:
✅ CAGR: 9%
✅ Current market size: $29,542.33 million
✅ Fastest growing region: APAC
✅ Largest Market: North America
✅ Projection time: 2021-2030
✅ Base year: 2021
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What is medical spa?
Medical spas, also called medispas, are a unique combination of medicine and beauty. They offer medically approved cosmetic treatments and care in a relaxing environment.
What are the most popular medical spa treatments?
The medical spa offers a variety of skin care treatments including skin therapists, botox injections, juvederm, anti-wrinkle treatments, beauty treatments, acne treatments and high-tech lasers.
Value proposition related to the report:
Powered by free analyst hours and expert interviews with each report Comprehensive quantitative and qualitative insights at segment and sub-segment level Covid-19 impact trends and prospects Granular insights at global/regional/country level In-depth insights into market dynamics (drivers, restraints, opportunities) and business environment Comprehensive Coverage of the competitive landscape Winning bids Comprehensive coverage of “strategic developments” registered by leading market players
Covid-19 Situation –
The pandemic resulted in the closure of many spas around the world, especially in the early stages of the pandemic, which also affected the global spa market. However, the market should recover soon.
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Health spas have gained popularity over the years even in developing countries due to the various benefits that health spa facilities offer. For example, it offers services like skin resurfacing, botox injections, dermal fillers, laser hair removal, chemical peels, and microdermabrasion. Additionally, advances in laser technology for hair removal, vascular lesion removal and scar and striae removal are creating growth opportunities for the market.
CXO believes that the increase in medical tourism in developing countries and the increase in medical spending in these economies present valuable opportunities for the market. North America is expected to record the highest revenue growth during the forecast period, driven by the increasing availability of a large number of multi-service spas, increasing availability of technology in the space, and advancements in healthcare. Investment.
Key Market Players in the Industry –
Canyon Ranch Chiva Som Clinique La Prairie Allure Medspa Westchase Medspa Biovital Medspa Cocoon Medical Spa Hyatt Corporation True Skin Care Center Vilalara Longevity Thalassa & Medical Spa
Market: Outlook by region
North America (US, Canada, Mexico) Europe (UK, Germany, France, Spain, Italy, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific) LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, rest of LAMEA)
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Important questions answered by this market report are –
Q1 What is the Total Market Value of the Medical Spa Market Report?
Q2. What would be the forecast period in the market report?
Q3 What is the market value of the medical spa market in 2021?
Q4 What is the base year calculated in Medical Spa Market Report?
Key Findings of the Study –
By function, the facial care sector is the largest contributor to the health spa market in 2020. Regionally, North America recorded the highest revenue in 2020 while Asia Pacific is expected to grow at the highest CAGR during the forecast period.
✅ 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐈𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 – – –
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