Global Medical Spa Market 2022 – Market Opportunities And Strategies
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The medical spa market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 12%, as per The Business Research Company’s market report!
Read More On The Medical Spa Market Report 2022 – https://www.thebusinessresearchcompany.com/report/medical-spa-global-market-report
The Medical Spa Market Size In 2022 And Forecast
The global medical spa market is expected to grow from $12.50 billion in 2021 to $14.49 billion in 2022 at a compound annual growth rate (CAGR) of 15.89%. The global medica spas market size is expected to reach $23.42 billion in 2026 at a CAGR of 12.75%.
The medical spa market consists of sales of medical spa services by entities (organizations, sole traders, and partnerships) that refer to a unique combination of medicine and aesthetics that offer high-quality cosmetic treatments in a pleasant and soothing setting that are medically advised and overseen.
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Rise In Demand For Aesthetic Procedures Is Driving The Growth Of The Medical Spa Market
According to The American Society for Aesthetic Plastic Surgery, in 2021, facial procedures increased by 54 percent and aesthetic body procedures shot up by 63 percent from 2020. Thus, the rise in demand for aesthetic procedures will drive the medical spa market.
Competitive Landscape And The Regional Analysis Of The Medical Spa Market
Major players in the medical spa market are Allure MedSpa, Chic La Vie, Clinique La Prairie, Biovital MedSpa LLC, Canyon Ranch, Hyatt Corporation, True Skin Care Center, Vilalara Longevity Thalassa & Medical Spa, Westchase Medspa LLC, Kurotel Longevity Medical Center and Spa, Sha Wellness Clinic, Cocoon Medical Spa, Dermani Medspa, Spa Vitoria, and Bijoux Medi-Spa.
Additionally, as per TBRC’s research – North America was the largest region in the medical spa market in 2021 holding the largest market share and Asia Pacific is expected to be the fastest-growing region in the forecast period.
The Medical Spa Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical spa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the medical spa market.
Technological Advancement – A Key Trend In The Medical Spa Market
Medical spa service providers are moving toward technologically advanced treatments to make the experience for customers more effective. Some of the new technological innovations in medical spas are radiofrequency body contouring, radiofrequency microneedling, BTL aesthetics emsculpt, hydrafacial or dermal infusion toning, and muscle-sculpting treatment.
Medical Spa Market Segmentation By The Business Research Company
1) By Service: Skin Rejuvenation, Facial Injectable, Body Shaping, Hair Removal, Others
2) By Age: Adolescent, Adult, Geriatric
3) By User: Women, Men
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