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Medical Spa Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 139 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5633150

Quick Summary:

In an ever-evolving and increasingly competitive global landscape, the Medical Spa industry is an area of accelerating evolution and robust growth. This comprehensive industry report offers unparalleled insights into the emerging trends and factors driving growth in the medical spa market. With its comprehensive analysis of key trends, market segmentation, and profiling of key players, this report is an essential resource for industry professionals, offering a deep understanding of the forces shaping the future of the Medical Spa industry.

Highlighted in this report are the escalating popularity of non-surgical aesthetic treatments and advancements in skincare technologies, both of which are key to the steady growth of the medical spa market globally. Additionally, insights into the role of medical tourism in developing countries, and a rise in awareness towards beauty enhancement add crucial context for understanding the market’s direction. Taking these trends into consideration, the report provides a valuable roadmap to industry stakeholders looking to capitalize on these opportunities and face the challenges head-on. This report serves as a comprehensive guide to making informed strategic decisions in the fast-paced Medical Spa industry landscape.

The global medical spa market size reached US$ 15.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 32.3 Billion by 2028, exhibiting a growth rate (CAGR) of 12% during 2023-2028.

Medical spas offer high-quality cosmetic treatments in a relaxing and pleasant environment using a unique combination of medical procedures, such as Botox, anti-wrinkle and fine line reduction treatments, acne therapy, fillers, and laser. They are medically recommended and supervised and conducted by trained as well as qualified physicians for better outcomes. They generally have the latest equipment to provide non-invasive and minimally invasive medical treatments and customized wellness plans that cater to the specific health and nutrition needs.

Medical Spa Market Trends:

At present, there is a rise in the availability of aesthetic medicine and cosmetic treatment options across the globe for beauty enhancement. This, along with the growing trend of surgical-free procedures for treating different disorders, represents one of the key factors driving the market. Moreover, the rising medical tourism, especially in developing countries, is propelling the growth of the market. In addition, there is an increase in skin-related diseases due to the growing airborne pollutants in the environment. This, coupled with technological advancements in skincare devices, is catalyzing demand for medical spas around the world. Besides this, the increasing consciousness among individuals about their physical appearance is offering lucrative growth opportunities to end-users and industry investors. Additionally, the rising popularity of novel facial treatments, such as the ultrasonic fountain, nature signature facial, oxygen facial, derma wave, and HydraFacial MD, is positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to provide better medical spa services. These players are also focusing on collaborations as well as mergers and acquisitions (M&A) to increase their overall profitability, which is projected to fuel the market growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global medical spa market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on service and end user.

Breakup by Service:

  • Body Shaping
  • Hair Removal
  • Facial Treatments
  • Tattoo Removal
  • Scars and Striae
  • Others

Breakup by End User:

  • Men
  • Women

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bijoux Medical, Biovital Med Spa LLC, Canyon Ranch Inc., Chic La Vie Med Spa, Cienega Medical Spa Inc., Clinique La Prairie, Dermani Medspa, Innovative MedSpa, Lanserhof Tegernsee, Serenity MedSpa, Westchase Medsap LLC. and Willow Med Spa & Salon.

Key Questions Answered in This Report

1. What was the size of the global medical spa market in 2022?
2. What is the expected growth rate of the global medical spa market during 2023-2028?
3. What are the key factors driving the global medical spa market?
4. What has been the impact of COVID-19 on the global medical spa market?
5. What is the breakup of the global medical spa market based on the service?
6. What are the key regions in the global medical spa market?
7. Who are the key players/companies in the global medical spa market?
Frequently Asked Questions about the Global Medical Spa Market

What is the estimated value of the Global Medical Spa Market?

The Global Medical Spa Market was estimated to be valued at $15.7 Billion in 2022.

What is the growth rate of the Global Medical Spa Market?

The growth rate of the Global Medical Spa Market is 12.8%, with an estimated value of $32.3 Billion by 2028.

What is the forecasted size of the Global Medical Spa Market?

The Global Medical Spa Market is estimated to be worth $32.3 Billion by 2028.

Who are the key companies in the Global Medical Spa Market?

Key companies in the Global Medical Spa Market include Bijoux Medical, Biovital Med Spa LLC, Canyon Ranch Inc., Chic La Vie Med Spa, Cienega Medical Spa Inc., Clinique La Prairie, Dermani Medspa, Innovative MedSpa, Lanserhof Tegernsee and Serenity MedSpa.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Spa Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Service
6.1 Body Shaping
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hair Removal
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Facial Treatments
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Tattoo Removal
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Scars and Striae
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by End User
7.1 Men
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Women
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States Market Trends Market Forecast
8.1.2 Canada Market Trends Market Forecast
8.2 Asia-Pacific
8.2.1 China Market Trends Market Forecast
8.2.2 Japan Market Trends Market Forecast
8.2.3 India Market Trends Market Forecast
8.2.4 South Korea Market Trends Market Forecast
8.2.5 Australia Market Trends Market Forecast
8.2.6 Indonesia Market Trends Market Forecast
8.2.7 Others Market Trends Market Forecast
8.3 Europe
8.3.1 Germany Market Trends Market Forecast
8.3.2 France Market Trends Market Forecast
8.3.3 United Kingdom Market Trends Market Forecast
8.3.4 Italy Market Trends Market Forecast
8.3.5 Spain Market Trends Market Forecast
8.3.6 Russia Market Trends Market Forecast
8.3.7 Others Market Trends Market Forecast
8.4 Latin America
8.4.1 Brazil Market Trends Market Forecast
8.4.2 Mexico Market Trends Market Forecast
8.4.3 Others Market Trends Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Bijoux Medical Company Overview Product Portfolio
13.3.2 Biovital Med Spa LLC Company Overview Product Portfolio
13.3.3 Canyon Ranch Inc. Company Overview Product Portfolio
13.3.4 Chic La Vie Med Spa Company Overview Product Portfolio
13.3.5 Cienega Medical Spa Inc. Company Overview Product Portfolio
13.3.6 Clinique La Prairie Company Overview Product Portfolio
13.3.7 Dermani Medspa Company Overview Product Portfolio
13.3.8 Innovative MedSpa Company Overview Product Portfolio
13.3.9 Lanserhof Tegernsee Company Overview Product Portfolio
13.3.10 Serenity MedSpa Company Overview Product Portfolio
13.3.11 Westchase Medsap LLC. Company Overview Product Portfolio
13.3.12 Willow Med Spa & Salon Company Overview Product Portfolio

Companies Mentioned

  • Bijoux Medical
  • Biovital Med Spa LLC
  • Canyon Ranch Inc.
  • Chic La Vie Med Spa
  • Cienega Medical Spa Inc.
  • Clinique La Prairie
  • Dermani Medspa
  • Innovative MedSpa
  • Lanserhof Tegernsee
  • Serenity MedSpa
  • Westchase Medsap LLC.
  • Willow Med Spa & Salon