Global medispa market to reach £21m by 2025

The global medispa market is on track to reach a value of $27,566 million (£20,916m) by 2025, according to new figures.

A report by Allied Market Research, predicted that the market will grow at a compound annual growth rate of 12.2% between 2018 and 2025, driven by body shaping technologies, as well as a growing demand for wellness.

Body-shaping accounted for one fifth of the services market in 2017, boosted by advances in non-invasive techniques. Hair removal accounted for one sixth, driven by innovations in laser technology.