Dublin, Aug. 04, 2023 (GLOBE NEWSWIRE) -- The "Medical Spa Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The report presents a comprehensive analysis of the medical spa market, covering global trends, regional shares, market segments, key players, and growth opportunities.
The medical spa market has witnessed substantial growth, reaching $16.49 billion in 2023, with a compound annual growth rate (CAGR) of 13.1%. Despite disruptions caused by the Russia-Ukraine war and the lingering effects of the COVID-19 pandemic, the market is poised to expand further, reaching an estimated value of $26.72 billion by 2027, exhibiting a CAGR of 12.8% during the forecast period.
Key Players: The major players in the medical spa market include:
- 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
- Bijoux Medi-Spa
Market Overview: The medical spa market encompasses various aesthetic treatments, including botulinum toxin injections, injectable dermal fillers, nonsurgical fat reduction, laser hair removal, microdermabrasion, laser skin resurfacing, and tattoo removal. This sector is characterized by a unique combination of medicine and aesthetics, offering high-quality cosmetic treatments in a soothing and pleasant environment, overseen by medical professionals. The services are used to rejuvenate or enhance a person's appearance.
Regional Insights: North America dominated the medical spa market in 2022, while Asia-Pacific is projected to be the fastest-growing region during the forecast period. The report covers other regions, including Western Europe, Eastern Europe, South America, Middle East, and Africa.
Key Drivers:
- The rise in demand for aesthetic procedures has significantly contributed to the growth of the medical spa market. The increasing focus on body and beauty as a means of identity and self-expression has led to a surge in facial and aesthetic body procedures.
- Technological advancements in medical spa services have gained popularity, providing more effective and advanced treatments. Innovations such as radiofrequency body contouring and microneedling, BTL aesthetics emsculpt, hydrafacial or dermal infusion toning, and muscle-sculpting treatments have enhanced the customer experience.
Recent Acquisitions: In October 2021, Laser MD Medspa, a premier US-based medical spa services company, acquired Young Medical Spa to expand its business in four locations across Pennsylvania. The company is also planning to grow its footprint in more than 15 locations within the northeastern and Mid-Atlantic regions of the USA.
Reasons to Purchase:
- Gain a global perspective with the most comprehensive report available, covering 50+ geographies.
- Understand the impact of COVID-19 on the market and its response as the situation improves.
- Assess the influence of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and its implications for the medical spa market.
- Measure the market's response to high global inflation.
- Create regional and country strategies based on local data and analysis.
- Identify investment opportunities in growth segments.
- Outperform competitors using forecast data and market trends.
- Understand customer preferences based on the latest market shares.
- Benchmark performance against key competitors.
- Utilize reliable high-quality data and analysis for internal and external presentations.
Key Questions Answered:
- Where is the largest and fastest-growing market for medical spa services? How does the market relate to the overall economy, demography, and other similar markets?
- What forces will shape the market going forward?
The "Medical Spa Global Market Report 2023" provides in-depth insights and a complete perspective of the medical spa industry, equipping businesses with valuable information to make informed decisions and capitalize on growth opportunities.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2027 |
| Estimated Market Value (USD) in 2023 | $16.49 billion |
| Forecasted Market Value (USD) by 2027 | $26.72 billion |
| Compound Annual Growth Rate | 12.8% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/dm43m2
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