Medical spas, also well-known as medispas, are a distinct amalgamation of medicine and aesthetics. They deliver medically recommended and supervised superiority cosmetic treatments in the relaxing surrounding. These therapies are delivered under the direction of medical directors likewise doctors, dermatologists, and plastic surgeons and are functioned under licensed aesthetician’s doctors and wellness coaches.
In addition, a medical spa offers a variability of skin care treatments, involving Botox injections, dermal fillers, anti-wrinkle, Juvederm, acne therapy, fine line treatments and the high technology laser processes. All of these permitted therapies are cosmetic in nature, with the common objective of rejuvenating or advancing an individual’s appearances. The growth of medical spa market is majorly propelled by augment in incidence of skin damage, an augment in the implementation of non-invasive processes, changes in lifestyles, increment in demand for aesthetic improvement processes likewise laser lipolysis, cryolipolysis, liposuction, tummy tuck also better known as ultrasound, abdominoplasty, red light therapy, injectable treatments, and several others, due to self-consciousness among the populace, particularly in women for beautification is on the growth.
The medical spa industry has explored at an astounding rate during the present years, and is predicted to endure in the future. According to the report analysis, ‘Medical Spa Market: Current Analysis and Forecast (2021-2027)’ states that with the speedy advancement in medical technology and growing awareness among the populace regarding skincare. With the surging requirement for non-invasive skin treatments and the unceasing launches of the product by the foremost players have a significant impact on the medical spa industry.
Some of the key players functioning in the market are Chic La Vie, Clinique La Prairie, Kurotel-Longevity Medical Center and Spa, Lanserhof Lans, The Orchard Wellness Resort, Biovital Medspa, Allure Medspa, Longevity Wellness Worldwide, and Serenity Medspa, among others. Countless M&A’s along with partnerships have been assumed by these players to advance the medical spa market.
This report forecast revenue growth at the universal, country and regional levels and delivers an analysis on the latest trends and choices in each of the sub segments.
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Based on service type, the market is categorized into facial treatment, body shaping & contouring, hair removal, scar revision, tattoo removal, and several others. The facial treatment controlled a proficient market share during 2020 and is predicted to witness lucrative market growth during the review period. This is majorly due to the availability of dissimilar facial treatments such as chemical peel-offs, steam treatments, and facial massages. Furthermore, the aspects such as celebrity endorsements and social media hasten the market growth of the segment. The tattoo removal segment is also projected to observe robust growth due to the growing trend of tattoo printing and the linked errors is responsible for the segmental growth in the review period.
On the basis of region, North America constitutes a proficient market for the medical spa industry due to the greater disposable income of the people. Furthermore, the regional presence of well-established market players and common product launches in the region is accredited to the noteworthy market share of North- American market.
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Medical Spa Industry Market based on Service (Facial Treatment, Body Shaping & Contouring, Hair Removal, Scar Revision, Tattoo Removal, and Others), End-User (Men and Women), Geography – Global Forecast up to 2027
Ankur Gupta, Head Marketing & Communications