Medical Spa Market Size, Share, Growth | Industry Report, 2030

 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

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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

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About Us:
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.

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