The global medical spa market size was estimated to be USD 18.66 billion in 2023 and is expected to reach USD 88.32 billion by 2034 with a CAGR of 15.18% during the forecast period 2024-2034. The market will rise due to factors such an aging population, rising disposable income, technological advancements, minimally invasive procedures, and an expansion of spa services.
The aging of the world's population is driving up demand for cosmetic and anti-aging therapies. Medical spas draw a sizable clientele by providing a variety of minimally invasive and non-invasive treatments to address aging-related issues. For instance, in November 2023, Allergan plc signed a formal deal to pay $7.8 billion to purchase the wound care and regenerative medicine business Acelity, Inc. This broadens Allergan's offering in medical aesthetics.
By service, the facial treatments segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the increased consumer preference for non-invasive and rejuvenating facial procedures, coupled with the advancements in skincare technologies and the growing awareness of facial aesthetics. For instance, in July 2023, the FDA approved Restylane Defyne and Restylane Refyne Lidocaine, which are next-generation hyaluronic acid fillers for face wrinkles and folds, made by Galderma S.A. Additionally, the body shaping and contouring segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising prevalence of body image consciousness, an increased emphasis on fitness and wellness, and advancements in non-surgical body shaping technologies.
By gender, the female segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the increased awareness and acceptance of aesthetic treatments among women, coupled with a cultural shift towards embracing self-care and enhancing personal appearance. For instance, in October 2023, Merz Pharma GmbH & Co. KGaA introduced Belotero Revive, a novel hyaluronic acid filler intended especially for hand rejuvenation, to the European market. Additionally, the male segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing societal acceptance of male grooming and aesthetic enhancement, a heightened focus on personal appearance and fitness, and the expanding range of specialized treatments catering to men's unique skincare and wellness needs.
By age type, the adult segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the growing demand for anti-aging and wellness treatments among adults, reflecting a strong desire to maintain a youthful appearance and prioritize overall well-being. For instance, Venus Concept Ltd. and The Aesthetic Show partnered to provide US aesthetic practitioners with unique financing alternatives for Venus Bliss and Versa devices starting in January 2024. Additionally, the adolescent segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising awareness and acceptance of preventive skincare and wellness practices among adolescents, coupled with the influence of social media promoting beauty ideals.
By service provider, the single ownership segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the entrepreneurial initiatives and the prevalence of standalone establishments owned and operated by individuals or small business owners. For instance, in November 2023, Cutera, Inc. announced the commercial debut of truSculpt iD, a novel radiofrequency body sculpting tool, in the US. Additionally, the group ownership segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing trend of strategic partnerships, mergers, and acquisitions within the medical spa industry, leading to the formation of larger chains and corporate entities.
North American region is anticipated to have the highest revenue share during the forecast period owing to the high adoption of medical spa services, a robust healthcare infrastructure, and a significant consumer base seeking advanced aesthetic and wellness treatments. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising disposable incomes, a growing awareness of aesthetic and wellness treatments, and an expanding middle-class population with an increasing focus on personal appearance. For instance, in November 2023, Syneron Medical Ltd. received CE Mark clearance for their fractional bipolar radiofrequency system, the eMax Focus, which reduces wrinkles and tightens skin.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
The aging of the world's population is driving up demand for cosmetic and anti-aging therapies. Medical spas draw a sizable clientele by providing a variety of minimally invasive and non-invasive treatments to address aging-related issues. For instance, in November 2023, Allergan plc signed a formal deal to pay $7.8 billion to purchase the wound care and regenerative medicine business Acelity, Inc. This broadens Allergan's offering in medical aesthetics.
By service, the facial treatments segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the increased consumer preference for non-invasive and rejuvenating facial procedures, coupled with the advancements in skincare technologies and the growing awareness of facial aesthetics. For instance, in July 2023, the FDA approved Restylane Defyne and Restylane Refyne Lidocaine, which are next-generation hyaluronic acid fillers for face wrinkles and folds, made by Galderma S.A. Additionally, the body shaping and contouring segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising prevalence of body image consciousness, an increased emphasis on fitness and wellness, and advancements in non-surgical body shaping technologies.
By gender, the female segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the increased awareness and acceptance of aesthetic treatments among women, coupled with a cultural shift towards embracing self-care and enhancing personal appearance. For instance, in October 2023, Merz Pharma GmbH & Co. KGaA introduced Belotero Revive, a novel hyaluronic acid filler intended especially for hand rejuvenation, to the European market. Additionally, the male segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing societal acceptance of male grooming and aesthetic enhancement, a heightened focus on personal appearance and fitness, and the expanding range of specialized treatments catering to men's unique skincare and wellness needs.
By age type, the adult segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the growing demand for anti-aging and wellness treatments among adults, reflecting a strong desire to maintain a youthful appearance and prioritize overall well-being. For instance, Venus Concept Ltd. and The Aesthetic Show partnered to provide US aesthetic practitioners with unique financing alternatives for Venus Bliss and Versa devices starting in January 2024. Additionally, the adolescent segment is predicted to grow at the fastest CAGR during the forecast period owing to the rising awareness and acceptance of preventive skincare and wellness practices among adolescents, coupled with the influence of social media promoting beauty ideals.
By service provider, the single ownership segment accounted for the highest revenue-grossing segment in the global medical spa market in 2023 owing to the entrepreneurial initiatives and the prevalence of standalone establishments owned and operated by individuals or small business owners. For instance, in November 2023, Cutera, Inc. announced the commercial debut of truSculpt iD, a novel radiofrequency body sculpting tool, in the US. Additionally, the group ownership segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing trend of strategic partnerships, mergers, and acquisitions within the medical spa industry, leading to the formation of larger chains and corporate entities.
North American region is anticipated to have the highest revenue share during the forecast period owing to the high adoption of medical spa services, a robust healthcare infrastructure, and a significant consumer base seeking advanced aesthetic and wellness treatments. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising disposable incomes, a growing awareness of aesthetic and wellness treatments, and an expanding middle-class population with an increasing focus on personal appearance. For instance, in November 2023, Syneron Medical Ltd. received CE Mark clearance for their fractional bipolar radiofrequency system, the eMax Focus, which reduces wrinkles and tightens skin.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Service, Gender, Age Group, and Service Provider
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Medical Spa Market Report 2023 - 2034
Medical Spa Market Analysis & Forecast by Service 2023 - 2034 (Revenue USD Bn)
- Facial Treatment
- Body Shaping & Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Other Services
Medical Spa Market Analysis & Forecast by Gender 2023 - 2034 (Revenue USD Bn)
- Male
- Female
Medical Spa Market Analysis & Forecast by Age Group 2023 - 2034 (Revenue USD Bn)
- Adolescent
- Adult
- Geriatric
Medical Spa Market Analysis & Forecast by Service Provider 2023 - 2034 (Revenue USD Bn)
- Single Ownership
- Group Ownership
- Free-standing
- Medical Practice Associated Spas
Medical Spa Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Medical Spa Market: Service Estimates & Trend Analysis
8. Medical Spa Market: Gender Estimates & Trend Analysis
9. Medical Spa Market: Age Group Estimates & Trend Analysis
10. Medical Spa Market: Service Provider Estimates & Trend Analysis
11. Regional Market Analysis
12. North America Medical Spa Market
13. Europe Global Medical Spa Market
14. Asia Pacific Global Medical Spa Market
15. Latin America Global Medical Spa Market
16. MEA Global Medical Spa Market
17. Competitor Analysis
18. Company Profiles
Companies Mentioned
- Allergan plc
- Galderma S.A.
- Merz Pharma GmbH & Co. KGaA
- Venus Concept Ltd.
- Cutera Inc.
- Syneron Medical Ltd.
- Lumenis Ltd.
- Sciton Inc.
- Cynosure LLC
- Sientra Inc.
- Alma Lasers Ltd.
- El.En. S.p.A.
- Lutronic Corporation
- Solta Medical Inc.
- HydraFacial Company.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 18.66 Billion |
| Forecasted Market Value ( USD | $ 88.32 Billion |
| Compound Annual Growth Rate | 15.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
