Global medical spa market growth is expected to be driven by increasing rising personal care expidenture

A medical spa is the services of certain medical clinics with those of a spa, that operates under the supervision of a medical doctor.

The global medical spa market is expected to register significant growth in the forecoming years. Major factors driving growth of the global medical spa markets are, rising number of medicinal and cosmetic treatment options for beauty enhancement. In addition, changing life style, rising awareness regarding personal care, rising number of skin-related diseases, growth in aging population are the factors boosting the demand for medical spa.

The global medical spa market report has been segmented on the basis of service and region

On the basis of service, the global medical spa market has been segmented into body shaping, hair removal, facial treatments, tattoo removal, scars & striae, and others. The facial treatment and hair removal segments is expected to register highest CAGR during the forecast year, owing to increasing awareness among people regarding self-appearance enhancement.

On the basis of region, the global medical spa markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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In 2018, North America medical spa market is expected to account for major share in the global market in terms of revenue, and is expected to maintain its dominance over the forecast period. This is primarily attributed, due well-established health care infrastructure in country in the region. However, Asia Pacific medical spa market is projected to register highest CAGR in the next five years, due to demand for better quality of life and number of health conscious population in the region.

Key players operating in the global medical spa market include Canyon Ranch, Inc., True Skin Care Center, Vilalara Longevity Thalassa & Medical Spa, Clinique La Prairie, Sciton, Inc., Allure Medspa, Biovital Medspa, Canyon Ranch, Hyatt Corporation, and Westchase Medspa.

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