The global Medical Spa Market size is anticipated to reach USD 49.4 billion by 2030, expanding at a CAGR of 15.13% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for non-invasive aesthetic treatment is one of the key factors driving the market growth. Moreover, rise in demand for dermal fillers and the high influence of social media among millennials are propelling the demand for medical spas. Technological advancements, such as laser systems, have resulted in increased costs of medical spa procedures. However, increasing disposable income levels are expected to drive the demand for novel procedures.
The demand for aesthetic services is increasing with
rising disposable income and growing awareness about cosmetic surgeries. Availability of the best anti-aging
treatments, relaxing atmosphere, quality services provided by certified
professionals, and innovative and cutting-edge technology are leading to an
increase in preference for medical spas. There has been an increase in medical
spa clients aged 18 to 30 in recent years due to the high influence of social
media, such as Instagram, Snapchat, & TikTok, on teenagers and millennials
are anticipated to further expand the market growth in coming year.
The onset of the COVID-19 pandemic resulted in a
revenue loss for cosmetic service providers. Aesthetic procedures were
considered to be elective and non-essential and hence were postponed or
canceled during the pandemic. On the other hand, the lockdowns encouraged
people to use video conferencing facilities, which made them more conscious of
their looks. This led people to opt for cosmetic treatments as soon as the
medical facilities re-opened, providing considerable growth opportunities for
the market.
List of Key Players in the Medical Spa Market
- Chic La Vie Med Spa
- Clinique La Prairie
- Kurotel-Longevity Medical Center and Spa
- Lanserhof
- The Orchard Wellness Resort
- Biovital Medspa LLC
- Allure Medspa
- Longevity Wellness Worldwide
- Serenity Medspa
- Vichy Celestins Spa Hotel
- Brenners Park-Hotel & Spa
- SHA Wellness Clinic
- Cocoona Centre Of Aesthetic Transformation
- Mezzatorre Hotel and Thermal SPA
- Aesthetics Medispa
- Lily’s Medical Spa
- Lisse
- The DRx Clinic
- Westchase Medspa;
- Chiva Som
- Mandarin Oriental Hotel Group Limited
Request a free sample copy or view report summary: Medical Spa Market Report
Medical Spa Market Report Highlights
- Based on service, the facial treatment segment dominated the market
with a revenue share of 54.1% in 2023, due to the increasing demand for
minimally invasive facial procedures
- The body shaping and contouring service segment is expected to grow
at the fastest CAGR over the forecast period
- Based on gender, the female segment held the largest revenue share
in 2023, owing to high adoption of facial cosmetic procedures. The male
segment, on the other hand, is anticipated to witness the fastest CAGR
from 2024 to 2030
- Based on age group, the adult segment dominated the market in 2023
and is anticipated to witness fastest CAGR over the forecast period, owing
to high spending capacity and increasing demand for dermal fillers
- North America dominated the medical spa industry in 2023, owing to
an increase in adoption of aesthetic procedures
- In September 2023, Lanserh of revealed plans to inaugurate its
fourth health resort in Marbella, Spain, by 2026, with construction
commencing mid-2024. To realize the project, Lanserhof collaborated with
AltamarCAM and Inbest-GPF, with a joint investment of USD 105.4 million
(EUR 100 million or GBP 86.8 million) into development
Medical Spa Market Segmentation
Grand View Research has segmented the global medical
spa market based on service, gender, age group, service provider, and region:
Medical Spa Service Outlook (Revenue, USD Million, 2018 -
2030)
- Facial Treatment
- Body Shaping & Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Other Services
Medical Spa Age Group Outlook (Revenue, USD Million, 2018
- 2030)
- Adolescent
- Adult
- Geriatric
Medical Spa Gender Outlook (Revenue, USD Million, 2018 -
2030)
- Male
- Female
Medical Spa Service Provider Outlook (Revenue, USD
Million, 2018 - 2030)
- Single Ownership
- Group Ownership
- Free-standing
- Medical Practice-associated Spas
Medical Spa Regional Outlook (Revenue, USD Million, 2018
- 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- Thailand
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
Explore Horizon, the world's most expansive market
research database
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
No comments:
Post a Comment