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A medical spa is a service provided with a medical program, operated under a verified health care professional’s guidance.
These spas use medical treatments such as microdermabrasion, Botox, lasers and other processes for medical beauty, along with the already traditional spa facilities like massages and facials.
The Global Medical Spa Market is on the whole categorised based on its services into: Facial Treatment, Contouring and Body Shaping, Scar Revision, Hair Removal, Tattoo Removal and some Others.
The increased demand for aesthetic medicines and cosmetic treatment options for beauty enhancement, through the growth in wellness trends, peculiarly in developed nations are the major factors, that are forcing the growth of market.
Even so, the paucity of trained professionals, mainly in the upcoming growing economies, and the high cost of procedures are some of the prominent constraints, that may hamper the market growth in the predicted period.
There is a strong demand for minimally invasive treatments such as non-surgical tightening of the skin and chemical peels, with body sculpting and removal of tattoos.
Wellness packages are also provided in hotels that offer a rapid increase in the demand for medical spa holidays, thus, increasing the market growth.
Market Analysis and Scope of Global Medical Spa Market:
The global medical spa market size was predicted at USD 12.7 Billion in 2020, reaching to 48.3% in 2030, with a CAGR of 14.3%.
There has been an increase in the number of consumer awareness programs about self-care and anti-ageing services along with a rapid expansion of the wellness tourism sector.
According to the American Med Spa Association (AMSA), there is a towering demand for minimally invasive treatments.
All the wellness packages offered in hotels are creating a fast-growing demand for wellness-themed vacations.
Medical spa is thoroughly shaped by continuous changes in the customer demands.
Customers have now become more social media savvy, with awareness about anti-aging solution on the rise. It provides effective and innovative services which is imperative for key companies.
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Increasing demand for anti-aging skincare solutions is the main driving force in the industry.
In a survey conducted by American Society of Plastic Surgeons, people aged 30 to 39 were responsible for 45% of cosmetic surgeries in the U.S., with 6.1 Million total cosmetic procedures, 5.4 Million minimally invasive surgeries and 684,000 surgical procedures
Disposable income of the consumers and the expansion of the tourism sector are also boosting the demand for such services. Many big brands offer personally customized beauty treatments to justify premium prices and aim to leverage their position.
An emerging trend in the sector is the incorporation of bio-philic design, wellness architecture into the complete structural design of the property.
Classification of the Global Medical Spa Market:
Service and product development using new technology, partnerships with other firms, outlet expansion, and business investments are some of the strategies undertaken by the companies to strengthen their market position.
Major Market Players:
Segmentation of Global Medical Spa Market:
Based on Service Outlook
Body Shaping and Contouring
Based on Region
Middle East & Africa
Post COVID-19 impact:
Many medical spas have started offering virtual consultations to patients. This turned out to be positively impacting the market growth.
Following the trends such as Zoom Boom or Zoom effect, cosmetic surgeons across the world are witnessing a significant increase in the number of patients.
As people are now getting used to virtual screens and video calls, the customer pool for minimally invasive cosmetic procedures is likely to increase with many women in their late 20s opting for anti-aging treatments.
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