BANGALORE, India, Aug. 11, 2021 /PRNewswire/ -- Medical Spa Market is 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. This report is published on Valuates Reports under Beauty & Fitness Category.
The Medical Spa Market is estimated to grow at the rate of 13.3% CAGR by 2027.
A medical spa is a combination of a traditional day spa and a medical clinic. Medical spas assist people with their everyday skin care practices and provide revitalizing therapies to keep their skin looking young and healthy.
Major factors driving the growth of the Medical SPA market are:
Increasing usage of cosmetic treatment and medicines for beauty enhancement around the globe.
Rising consumer awareness about self-care and anti-aging services along with the rapid expansion of the wellness tourism sector.
A growing number of minimally invasive procedures, (such as chemical peels and non-surgical skin tightening, along with body sculpting and tattoo removal) are expected to further fuel the medical spa market.
Furthermore, wellness packages offered in hotels as a part of wellness-themed vacation packages are expected to provide lucrative growth opportunities.
TRENDS INFLUENCING THE GROWTH OF THE MEDICAL SPA MARKET:
The growing number of minimally invasive procedures, which has been fueled by the world's aging population, is one of the primary drivers of the global medical spa sector market. Medical spas combine medicine with aesthetics to offer high-quality cosmetic treatments in a relaxing setting. Medical spas offer anti-wrinkle injections, Botox injections, fine-line reduction, acne therapy, and fillers, among other services.
Furthermore, increasing use of aesthetic medicine and cosmetic treatment options for beauty enhancement and growing wellness trends among the developed countries drive the market.
Medi-spas also provide remarkable, technology-based therapies that can help you gain a better understanding of your health through a number of medical tests that can disclose the best treatments, activities, and diet for you. Take advantage of a personalized wellness plan based on the results of your DNA testing and thorough body analysis. These findings can help you personalize your medical spa vacation with individualized programs aimed at improving your well-being. This in turn is expected to drive the medical spa market growth.
The facial treatment segment is projected to have the maximum share in the medical spa industry. The maximum share of the segment is ascribed to the trend and rising awareness for enhancing self-appearance.
The men segment has lucrative growth compared to women. This is due to the increasing trend of grooming among males. Various companies are coming up with centers that are completely dedicated to male customers, which provide massage and facials that are particularly created only for male customers.
The North America region has held the major share in the market. The market growth in North America is majorly driven by the well-developed healthcare infrastructure, increased awareness about possible benefits of medical spa procedures, and quick acceptance of new types of medical spa techniques.
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