The medical spa sector has witnessed significant advancements in terms of treatments in the past few years. Research and development activities have resulted in remarkable outcomes helping the global Medical Spa market grow extensively. New therapies and treatment types have emerged to provide excellent services to customers. All these crucial factors have created a large impact on the growth of the global Medical Spa market.
The global medical spa market is projected to rise rapidly in the forthcoming years. The increasing use of cosmetic treatment and medicines for beauty enhancement in the developed economies is the prime factor that boosts the growth of the market. Some other factors such as technological development in skincare devices, rise in the number of skin-related diseases, growth in the aging population, and an upsurge in demand for better medical spa services are also remarkably contributing towards the growth of the market. Furthermore, the growth of medical tourism in developing countries such as China, Singapore, Brazil, and India, is estimated to produce profitable opportunities for the global Medical Spa market.
On the contrary, the high cost related to the procedures and lack of skilled professionals are some factors that restrain the growth of the Medical Spa market.
Covid-19 Impact on Medical Spa Market
In addition, the current Medical Spa Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Medical Spa Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Medical Spa Market Segment Overview
Based on the Service, the Facial Treatment and Hair Removal segments are projected to grow rapidly in the forecast period. A key aspect for the growth of this segment is the growing awareness among people regarding the enhancement of self-appearance. Additionally, new and fresh facial treatments delivered in medical spas, such as an ultrasonic fountain, nature signature facial, oxygen facial, derma wave, and HydraFacial MD are also propelling the growth of the segments. Moreover, the development of such innovative techniques is anticipated to boost the growth of the global Medical Spa market over the forecast period.
Medical Spa Market, By Service
· Tattoo Removal
· Facial Treatment
· Hair Removal
· Scars And Striae
· Body Shaping
· Others
Medical Spa Market Regional Overview
In terms of region, North America is projected to hold a maximum share of the global Medical Spa market in the forecast period. Important factors such as rising awareness among people about the possible benefits of medical spa treatment procedures, strong health care infrastructure supported by reimbursement policies, and rapid acceptance of novel medical spa techniques are boosting the growth of the market in this region. Similarly, Europe and the Asia Pacific are major regions for the global Medical Spa market and are expected to show significant growth in the market of these regions over the forecast period. The presence of prominent players, growth in investment in research and development made by them, and collaboration among market players are some key reasons that are driving the global medical spa market in these regions.
Medical Spa Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Medical Spa Market Competitor overview
Some key developments and strategies adopted by manufacturers in Medical Spa are highlighted below.
· In September 2021, Flawless Med Spa, a leading female-owned aesthetic full-service medical spa in Albuquerque announced the launch of its new medical-grade skincare line. The launch of the Flawless skincare line is in keeping with the mission to make clients look and feel their best. From cleansers and exfoliants to moisturizers and sunscreens, the Flawless Med Spa skincare line provides products that correct and brighten your skin. Add in the Acne Defense, Melasma Kit, and Men’s Kit, and you have a remarkable line of skincare products that work quickly and yield measurable results.
Medical Spa Market, Key Players
· Canyon Ranch, Inc.
· Chiva Som
· True Skin Care Center
· Westchase Medspa
· Vilalara Longevity Thalassa & Medical Spa
· Clinique La Prairie
· Sciton, Inc
· Allure Medspa
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Medical Spa Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Service
- 5.2.1. Tattoo Removal
- 5.2.2. Facial Treatment
- 5.2.3. Hair Removal
- 5.2.4. Scars And Striae
- 5.2.5. Body Shaping
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast – By Region
- 5.3.1. North America
- 5.3.2. Europe
- 5.3.3. Asia Pacific
- 5.3.4. Latin America, Middle East and Africa
6. North America Medical Spa Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Service
- 6.2.1. Tattoo Removal
- 6.2.2. Facial Treatment
- 6.2.3. Hair Removal
- 6.2.4. Scars And Striae
- 6.2.5. Body Shaping
- 6.2.6. Others
- 6.3. Market Analysis, Insights and Forecast – By Country
- 6.3.1. U.S.
- 6.3.2. Canada
7. Europe Medical Spa Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Service
- 7.2.1. Tattoo Removal
- 7.2.2. Facial Treatment
- 7.2.3. Hair Removal
- 7.2.4. Scars And Striae
- 7.2.5. Body Shaping
- 7.2.6. Others
- 7.3. Market Analysis, Insights and Forecast – By Country
- 7.3.1. UK
- 7.3.2. Germany
- 7.3.3. France
- 7.3.4. Italy
- 7.3.5. Spain
- 7.3.6. Russia
- 7.3.7. Rest of Europe
8. Asia Pacific Medical Spa Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Service
- 8.2.1. Tattoo Removal
- 8.2.2. Facial Treatment
- 8.2.3. Hair Removal
- 8.2.4. Scars And Striae
- 8.2.5. Body Shaping
- 8.2.6. Others
- 8.3. Market Analysis, Insights and Forecast – By Country
- 8.3.1. China
- 8.3.2. India
- 8.3.3. Japan
- 8.3.4. Australia
- 8.3.5. South East Asia
- 8.3.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Medical Spa Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Service
- 9.2.1. Tattoo Removal
- 9.2.2. Facial Treatment
- 9.2.3. Hair Removal
- 9.2.4. Scars And Striae
- 9.2.5. Body Shaping
- 9.2.6. Others
- 9.3. Market Analysis, Insights and Forecast – By Country
- 9.3.1. Brazil
- 9.3.2. Saudi Arabia
- 9.3.3. UAE
- 9.3.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Canyon Ranch, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Chiva Som
- 10.6. True Skin Care Center
- 10.7. Westchase Medspa
- 10.8. Vilalara Longevity Thalassa & Medical Spa
- 10.9. Clinique La Prairie
- 10.10. Sciton, Inc
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
