Global Medical Spa Market to Reach US$25.9 Billion by the Year 2026 – Yahoo Finance

Global Medical Spa Market to Reach US$25.9 Billion by the Year 2026 – Yahoo Finance

Abstract: Global Medical Spa Market to Reach US$25. 9 Billion by the Year 2026 . Medical Spa, also referred to as MedSpa, are cutting-edge, contemporary providers of an extensive range of therapies ranging from Botox treatments and liposuction to hair regeneration and hair removal.

New York, Jan. 14, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Global Medical Spa Industry” –
They are the latest niche in cosmetic surgery and medicine, and undoubtedly the fastest growing segment of the global cosmetic surgery market. The medical end of the MedSpa is taken care of by the presence of a practicing, specialized physician who is always required to be present on the premises. Since medical spas converge spa treatments and medical treatments, they offer the widest range of services possible. As medical spas are emerging, they are gaining rapid popularity among those who are financially well disposed and have an inclination towards beauty and wellness. Their success has been creating a quite a stir encouraging corporate houses, major hospital chains and leading pharmacological companies to invest funds in various MedSpas. Over the years, technological advancements have played a major role in shaping the MedSpa industry, increasing not just the availability of but also making the non-invasive treatments (for instance Botox) more affordable. The digital technology is currently a leading driver of the med spa growth, and is likely to remain so in the years ahead as technology enables people to look younger without undergoing painful procedures.

Amid the COVID-19 crisis, the global market for Medical Spa estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$25.9 Billion by 2026, growing at a CAGR of 13.5% over the analysis period. Facial Treatment, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$13 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Body Shaping & Contouring segment is readjusted to a revised 15.7% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Medical Spa market.

The U.S. Market is Estimated at $4.8 Billion in 2021, While China is Forecast to Reach $3.8 Billion by 2026

The Medical Spa market in the U.S. is estimated at US$4.8 Billion in the year 2021. The country currently accounts for a 37.72% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$3.8 Billion in the year 2026 trailing a CAGR of 18.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 12.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.2% CAGR while Rest of European market (as defined in the study) will reach US$947.3 Million by the end of the analysis period. Both business
and consumer-end response to the medical spa sector has been remarkable in recent years in the US. While new players have entered this space, existing wellness centres, dental clinics and even big retailers (such as department stores) have been expanding their offering to provide specialised services in order to attract …….