Global Medical Spa Market Overview:
Medical spas also known as medispas unique blend of medicine and aesthetics to offer quality cosmetic treatments in a relaxed atmosphere. Fine-line reduction anti-wrinkle injections, Botox injections, acne therapy, as well as fillers are some of the several treatments included in medical spas. These are regarded as exclusive form of care and treatment and are typically different from other types of health care providers. Medical spa is related with technology & needs medical expertise for offering the relaxing experience of a spa to patients. Medical spas are typically targeted toward a specific group of patients/clients who have high expectations from its services. So, the marketing of a medical spa has been done in a totally different manner than that of usual health care products or services. Almost all medical spa patients pay for the services from their own pockets, which is why customer service is an important aspect of the medical spa industry. Growing use of aesthetic medicine & cosmetic treatment choices for beauty enhancement is impelling the growth of the global medical spa market growth over the coming years. Some of the players profiled in the study are Allure Medspa (India), Biovital Medspa LLC (United States), Canyon Ranch, Inc. (United States), Clinique La Prairie S.A. (Switzerland), Hyatt Corporation (United States), Westchase Medspa (United States), Vilalara Longevity Thalassa & Medical Spa (Portugal), Sciton, Inc. (United States) and True Skin Care Center (United States). According to Market Analyst at AMA, the Global Medical Spa market may see a growth rate of 12.4% and would reach the market size of USD23.42 Billion by 2025.
On the basis of geography, the market of Medical Spa has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. If we see Market by Service, the sub-segment i.e. Facial treatments will boost the Medical Spa market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by By Gender, the sub-segment i.e. Male will boost the Medical Spa market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing use of aesthetic medicine & cosmetic treatment choices for beauty enhancement
- Increasing wellness trend among developed countries
- Aging baby boomer population enhances the market growth
- High cost related with the procedures
- Lack of skilled professionals
- Growing medical tourism in developing nations such as Singapore, China, Brazil, and India
Target Audience:Medical Spa Service Providers, End Users, Associations and Industry Bodies, Government & Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Medical Spa market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Medical Spa market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Medical Spa industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Syneron Medical, Ltd. (United States), Spa Vitoria (United States) and Lanserhof Lans (Austria).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Medical Spa market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.