PRESS RELEASE
Published September 18, 2023
The global medical spa market is expected to develop at a compound annual growth rate (CAGR) of 14.97% from 2023 to 2030, with a value of USD 16.4 billion in 2023.The landscape of the medical spa market has transformed due to evolving consumer preferences. With the increasing engagement of consumers on social media, there is greater awareness of anti-aging products. Despite this shift, the primary driving force in the market remains the growing demand for skincare products aimed at combating the signs of aging. In 2021, the American Society of Plastic Surgeons reported a total of 6.1 million cosmetic procedures, comprising 684,000 surgical procedures and 5.4 million minimally invasive procedures in the United States, with individuals aged 30 to 39 accounting for 45% of these procedures.
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Several factors, including heightened consumer consciousness regarding self-care and anti-aging treatments, along with the rapid expansion of the wellness tourism sector, are propelling market growth. The American Med Spa Association (AMSA) notes a significant demand for non-invasive procedures such as chemical peels, non-surgical skin tightening, body sculpting, and tattoo removal. Additionally, the availability of wellness packages in hotels has contributed to a surge in demand for vacations focused on well-being.
Key Growth Factors in Medical Spa Market
- Increasing Focus on Aesthetic Treatments: Growing beauty consciousness and the desire for non-invasive cosmetic procedures have led to a rising demand for aesthetic treatments offered by medical spas.
- Advancements in Technology: Continuous advancements in medical spa technologies, such as laser treatments, dermal fillers, and skin rejuvenation procedures, have expanded the range of available services and improved treatment outcomes.
- Aging Population and Anti-Aging Treatments: The aging population seeking anti-aging and rejuvenation treatments has been a significant driver of growth in the medical spa market.
- Social Media Influence: The influence of social media, celebrity endorsements, and before-and-after treatment photos have contributed to increased interest in medical spa services.
- Medically Supervised Procedures: The presence of trained medical professionals, including doctors and nurses, in medical spas instills confidence in patients seeking safe and effective treatments.
- Combination Treatments and Customization: Medical spas offer customized treatment plans tailored to individual needs, often combining multiple procedures for comprehensive results.
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Major Classifications are as follows:
Service Outlook (Revenue, USD Million, 2018 – 2030)
- Facial Treatment
- Body Shaping & Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Other Services
Age Group Outlook (Revenue, USD Million, 2018 – 2030)
- Adolescent
- Adult
- Geriatric
Gender Outlook (Revenue, USD Million, 2018 – 2030)Service Provider Outlook (Revenue, USD Million, 2018 – 2030)
- Single Ownership
- Group Ownership
- Free-standing
- Medical Practice Associated Spas
Regional Outlook (Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- India
- Australia
- China
- Thailand
- South Korea
- Latin America
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Key Players
- 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
- Brenners Park-Hotel & Spa
- Sha Wellness Clinic
- Cocoona Centre of Aesthetic Transformation
- Mezzatorre
- Aesthetics Medispa
- Lily’s Medi Spa
- Lisse
- DRX Clinic
- Westchase Medspa
- Chiva Som
- Mandarin Oriental Hotel Group Limited
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Key Questions Addressed by the Report
- What are the growth opportunities in the Medical Spa Market?
- What are the major raw materials used for manufacturing Medical Spa Market?
- What are the key factors affecting market dynamics?
- What are some of the significant challenges and restraints that the industry faces?
- Which are the key players operating in the market, and what initiatives have they undertaken over the past few years
Medical Spa Market Frequently Asked Questions (FAQs):
- Who is the ideal customer for med spa?
- Is Med Spa one word or two?
- What is the definition of a medical spa?
- How many MedSpas are there in the US?
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