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Medical Spa Market | Cost Structure Analysis and Forecast to 2032 – By FMI

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Ganesh Shinde
Medical Spa Market | Cost Structure Analysis and Forecast to 2032 – By FMI

The global Medical Spa Market was valued at around US$ 14.7 Billion 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 Billion 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.

According to Future Market Insights, revenue from the Medical Spa Market is expected to reach US$ 16.7 billion in 2022. According to medical spa industry statistics, medical spas will continue to grow at a steady triple-figure annual rate over the next ten years due to consumer demand for a stress-free treatment environment, access to more non-invasive healthcare options, and advanced technology such as lasers and other anti-aging solutions.

During the period 2017 to 2021, the global Medical Spa market grew at a CAGR of 12.2%. Spas in the United States receive an average of 11.6 thousand visits per year, or approximately 31 visits per day. Given that many of those guests are visiting spas for the first time, spa owners are confident that demand will continue to be high. The rising demand for aesthetic drugs and cosmetic treatment alternatives for beauty enhancement, as well as the development of wellness trends, particularly in developed countries, were the primary drivers of the approximately 13.6 million nonsurgical treatments performed in 2021. This is the primary reason for the global medical spa market's expansion. The United States will remain the largest consumer of Medical Spas throughout the analysis period, accounting for over US$ 21 Billion in absolute dollar opportunity over the next ten years.

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

Browse More@ https://www.futuremarketinsights.com/reports/medical-spa-market

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

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Ganesh Shinde
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