Title: The Medical Spa Market To Be Driven By “Call To Innovation”
1Medical Spa Market
Report Id PMRREP32427 Category Life Science
Healthcare
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3The Medical Spa Market To Be Driven By Call To
Innovation
- Prevalence of skin diseases is constantly on the
rise, globally. This is constructing major health
encumbrance on most economies. A healthcare
facility that is supervised by a licensed
healthcare provider, full time, is termed as a
medical spa. The objective of the industry is to
offer medical education and care in a setting
that includes spa facilities as well as
conventional, complementary, and/or alternative
therapies and treatments. Botox injections,
anti-wrinkle and fine line reduction therapies,
acne surgery, and fillers are some of the latest
laser procedures offered at medical spas. Facials
and massages are provided at conventional spas,
but in medical spas, these treatments are
performed with highly specialized lasers and
instruments to permit for larger penetration of
medical-grade skin items. - According to a report published by Persistence
Market Research, the global medical spa market is
expected to be valued at US 30 Bn in 2021, and
is predicted to expand at an impressive CAGR of
more than 15 over the forecast period
(20212031).
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4Key Takeaways from Market Study
- Facial injectables are expected to contribute
more than 45 of the revenue share in the market
by 2031, owing to their wide availability
intended to achieve one or more goals such as
wrinkle reduction and lip augmentation. - The adult age group is expected to account for
40 of the global market share. - Among the service providers, single ownership
spas are contributing maximum value share for the
market. - North America holds the highest share in the
global medical spa industry, owing to the
presence of big market players, high healthcare
expenditure, and increasing technological
advancements and efforts in the country. - Key players are focused on mergers and
acquisitions and increasing technological
advancements. - The market in the U.S. is projected to be the
fastest-growing at a CAGR around 18 through
2021-2031. The U.S. holds a big portion of global
revenue and accounts for more than 90 share in
the North American market. - Strong growth in demand for medical spas owing
to increasing consumer awareness about self-care
and anti-aging services, along with rapid
expansion of the wellness tourism sector, says
an analyst of Persistence Market Research.
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