Global Medical Spa Market Opportunities - Forecast to 2025: Market Projected to Reach $27.56 Billion - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--The “Medical Spa Market by Services - Global Opportunity Analysis and Industry Forecast, 2017-2025” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the global medical spa market was valued at $11,063 million in 2017, and is projected to reach $27,566 million by 2025, growing at a CAGR of 12.2% from 2018 to 2025. The facial treatment segment accounted for one-third share of the global market revenue in 2017.
Increasing use of aesthetic medicine and cosmetic treatment options for beauty enhancement and growing wellness trends among the developed countries drive the market. However, the medical spa procedures are very expensive, which restricts the market growth, especially in the developing economies. Moreover, the expansion of medical tourism in developing countries, such as India, China, and Brazil, creates lucrative opportunities for key market players.
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.
Key FindingsThe tattoo removal segment accounted for about one-seventh revenue share of the total market in 2017, and is expected to register a CAGR of 11.8% from 2018 to 2025. U.S. dominated the North America medical spa market and is projected to retain its trend throughout the forecast period. India is the fastest-growing country in the Asia-Pacific medical spa market, registering a CAGR of 14.2% during the forecast period. Brazil is the fastest-growing country in the LAMEA medical spa market, registering a CAGR of 13.9% during the forecast period.
Key Topics Covered
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Medical Spa Market, by Services
Chapter 5: Medical Spa Market, by Region
Chapter 6: Company ProfilesAllure Medspa Biovital Medspa Canyon Ranch Inc. Chiva Som Clinique La Prairie Hyatt Corporation Sciton, Inc. True Skin Care Center Vilalara Longevity Thalassa & Medical Spa Westchase Medspa
For more information about this report visit https://www.researchandmarkets.com/research/5p39zs/global_medical?w=4
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Related Topics:Fitness Centers and Health Clubs
INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
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PUB: 09/19/2018 04:46 AM/DISC: 09/19/2018 04:46 AM