Global Medical Spa Market Size By Gender (Male, Female), By Service (Body Shaping, Hair Removal, Facial Treatment), And By Geographic Scope And Forecast

Medical Spa Market Size And Forecast 

Medical Spa Market size was valued at USD 13,560.35 Million in 2021 and is projected to reach USD 56,985 Million by 2030, growing at a CAGR of 15.84% from 2023 to 2030.

Get ready, because the Global Medical Spa Industry is taking off! We're looking at serious growth, with revenue hitting some impressive USD million figures by 2030. What's driving this? Well, more and more people are clued in on self-care and staying youthful, plus wellness tourism is booming. Think of iteveryone wants to look and feel their best! The American Med Spa Association (AMSA) says minimally invasive treatments like chemical peels, non-surgical skin tightening, body sculpting, and even tattoo removal are super popular. And let's not forget those awesome wellness packages at hotels – they're making wellness-themed vacations a must-do!

Global Medical Spa Market Definition

Medical spas are a unique combination of medicine and aesthetics that offer quality cosmetic treatments in a relaxing and calming environment, which are medically advised and supervised. These medical spas are also referred to as medispas. Various treatments such as Botox injections, anti-wrinkle and proper line reduction treatments, acne therapy, fillers, and the latest laser procedures are conducted here.

All these therapies are cosmetic and are meant explicitly for rejuvenation or enhancing an individual’s appearance. Stretch marks reduction treatments and laser hair removal and vein treatments are also provided here. Apart from these, they also sell dermatologist-recommended skin care products which help maintain the skin after various procedures. Anti-aging, nonsurgical lifts, which were initially only available in a physician’s clinic, are now general in medispas.

The significant difference that makes a medi spa stand out compared to traditional day spas is that they combine medical expertise and technology with the relaxing experience of a spa. They provide comprehensive skin care, including nutrition advice enabling the individual to achieve their goal of clear, youthful skin not only from the exterior but with overall well-being. They comprehend that every individual is special and has different needs in skin care according to their skin type and lifestyle.

Global Medical Spa Market Overview

The Medical Spa Market is booming, and it's all thanks to a few things. We're seeing more and more skin damage, and people are changing their lifestyles. Plus, everyone's jumping on the bandwagon of those noninvasive procedures. But it's not just that! There's a huge demand for aesthetic enhancements. Think cryo lipolysis, laser lipolysis, liposuction, and even a tummy tuck (also known as abdominoplasty). Don't forget ultrasound, injectable treatments, red light therapy, and, well, others! Women, in particular, are feeling more self-conscious, so beautification is really taking off. So, yeah, aesthetic enhancement is the big driver here. After all, you can get complete, medically recommended skin care and advice at these spas.

People are educated on how to prevent further damage to the skin and are suggested medical-grade skin products that suit them the best. Teenagers with commonly occurring acne problems can receive world-class treatment, all in a very relaxing setup. Microdermabrasion, laser hair removal, and chemical peels are also done here, all under medical scrutiny, and are now many sought-after cosmetic procedures.  Usually, in traditional spas, facials and massages are done. Still, in medical spas, these procedures are done with highly specialized lasers and instruments for greater penetration of medical-grade skin products.

Ultimately, this all means happy customers and fantastic results! When you come to us, you'll be seen by a trained and qualified physician for any medical procedures. Our amazing aestheticians, who are experts in spa therapies and always supervised by our on-site physician, will pamper you. We're talking complete care, from initial consultation and personalized treatments, to expert advice on your skin care routine – all right here. We even offer skin analyses during your consultation! It's factors like these that are really driving the market. Plus, more and more people want to look and feel their best, and thankfully, as disposable incomes rise in developing countries, people are able to invest in themselves and their self-appearance.

Furthermore, body sculpting, fat melting, and innovations in noninvasive procedures are projected to continue to offer patients many options that meet their desire for self-improvement and, thus, drive the Medical Spa Market growth. In addition, medical spas also focus on transitioning from offering aesthetic treatments exclusively to promoting health and wellness. However, low penetration in developed & underdeveloped countries and the high cost of skilled therapy professionals restrain the market growth. On the contrary, technological advancements in medical treatments conducted in medispas, such as laser technology, dermal fillers, ultra-therapy, and others, are expected to offer lucrative opportunities shortly.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Medical Spa market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Medical Spa Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Medical Spa Market Segmentation Analysis

The Global Medical Spa Market is Segmented on the basis of Gender, Service, And Geography.

Medical Spa Market, By Gender

• Male
• Female

Based on Gender, the market is bifurcated into Males and Female. The female segment accounted for the largest revenue share in 2022. Women being the prior customers, various women-oriented services are being increasingly designed, positively impacting segment growth. The rising adoption of different esthetic treatments by females is boosting segment growth. The Aesthetic Society 2021 indicates that women accounted for roughly 94.0% of all esthetic procedures.

Women use spa services to increase physical happiness and self-esteem and gain self-con?dence. Many women want to improve their facial appearance, which has resulted in an increased number of visits for Botox and dermal injections. As per the AmSpa 2022 Medical Spa State of the Industry Report, in the U.S., approximately 88.0% of medspa goers were females.

Medical Spa Market, By Service

• Body Shaping
• Hair Removal
• Facial Treatment
• Tattoo Removal
• Scars & Striae
• Others

Based on Service, the market is bifurcated into Body Shaping, Hair Removal, Facial Treatment, Tattoo Removal, Scars & Striae, and Others. the facial treatment segment conquered the market with a revenue share of around 50.0% in 2022. The dominant share of the segment is mainly attributed to the rising demand for antiaging treatment options such as Botox and dermal fillers. As per the ISAPS, botulinum toxin and hyaluronic acid injections were among the top non-surgical aesthetic procedures globally. In 2020, a total of 6,213,859 botulinum toxin and 4,053,016 hyaluronic acid procedures were performed globally.

Medical Spa Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Global Medical Spa Market is segmented geographically into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America dominated the market in 2022 owing to higher expenditure on wellness tourism (domestic and international traffic) than other regions. The easy availability of different services and products for different aesthetic procedures in the U.S. and Canada is expected to boost market growth further. However, in 2020, the sudden outset of the COVID-19 pandemic led to a decline in the number of aesthetic surgeries, which may hamper the market’s growth in the region.

Asia Pacific is anticipated to register the highest CAGR over the forecast period due to the increasing rage and growth of the wellness tourism sector and rising wellness tourism expenditure. Increasing interest in experiential travel and the growing affordability of flights and travel options will push the regional market further.

Key Players

The “Global Medical Spa Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 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, Vichy Celestins Spa Hotel, among others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis.

Key Developments

• In November 2021, Chic La Vie launched a Botox skin rejuvenating procedure for men aimed at commencing a new revolution where skin rejuvenating spa method will not be limited to females only.
• In August 2019, Longevity Health & Wellness Hotel developed its service unit in Portugal. The spa center is equipped with advanced wellness and preventative diagnostics, therapies and programs, and modern integrative and regenerative medicine.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

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Reasons to Purchase this Report

We'll dive deep into the market with a mix of qualitative and quantitative analysis. Think of it as looking at the why behind the numbers, considering both economic and, well, everything else that matters. We'll give you the market value in good old USD Billion for each segment and sub-segment, so you know exactly where the money's at. Plus, we'll point out the region and segment that are really taking off, the ones poised for the fastest growth and market domination. We'll break down the product/service consumption by geography, highlighting what's driving the market in each region. You'll also get a look at the competitive scene, including the major players' rankings, new product launches, key partnerships, business expansions, and acquisitions from the past five years. Finally, we'll provide detailed company profiles, with overviews, insights, product benchmarking, and a good old SWOT analysis for the top companies in the market.<br/