The global Medical Spa Market was valued at around US$ 14.7 Bn in 2021. With a projected CAGR of 15.6% for the next ten years, the market is likely to reach a valuation of nearly US$ 70.3 Bn by the end of 2032. It includes modern suppliers of a wide variety of therapies, from Botox treatments and liposuction to hair growth and hair removal.
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FMI, in its business report, elaborates the historical and current scenario of the global Medical Spa market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions and players on the basis of demand pattern and growth prospects.
Crucial information and forecast statistics covered in the Medical Spa market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis on Medical Spa Market
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Medical Spa market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Medical Spa market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Medical Spa market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Medical Spa Market: Segmentation
Valuable information covered in the FMI’s Medical Spa market report has been segregated into key segments and sub-segments.
Medical Spa Market by Service:
- Body Shaping & Contouring
- Facial Treatment
- Hair Removal
- Scar Revision
- Tattoo Removal
- Other services
Medical Spa Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Medical Spa market. Competitive information detailed in the Medical Spa market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Medical Spa market report.
Key players covered in the report include:
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, Serenity Medspa, Bijoux Medi-Spa, Vichy Celestins Spa Hotel, Brenners Park-Hotel & Spa, Sha Wellness Clinic, Cocoona Centre of Aesthetic Transformation, Mezzatorre Resort & Spa, Aesthetics Medispa, Lily’s Medi Spa, Lisse, The DRx Aesthetics, Westchase Medspa, Chiva Som, and Mandarin Orienta
Important Questions Answered in the Medical Spa Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Medical Spa market been expanding during the forecast period?
- How will the global Medical Spa market look like by the end of the forecast period?
- What innovative strategies are adopted by Medical Spa market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Medical Spa market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Medical Spa market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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