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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Medical Spa Market Outlook
The Medical spa market size attained a value of USD 18.01 billion in 2023. The market is anticipated to grow at a CAGR of 13.3% during the forecast period of 2024-2032 to attain a value of USD 55.42 billion by 2032. The growth of the market is driven by the increased demand for wellness holidays.
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There is a strong demand for minimally invasive treatments such as chemical peels and non-surgical tightening of the skin, along with body sculpting and removal of tattoos. In addition, wellness packages provided in hotels are creating a rapidly increasing demand for wellness holidays, thus, propelling the medical spa market growth further.
Market Segmentation
A medical spa is a spa with a medical program operated under a certified health care professional’s guidance. These spas use medical treatments such as microdermabrasion, lasers, botox, and other processes for medical beauty, as well as traditional spa facilities like facials and massages. The global medical spa market is broadly categorised based on its services into:
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- Facial Treatment
- Body Shaping and Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Others
The EMR report looks into the regional medical spa markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
Market Analysis
The growing demand for aesthetic medicines and cosmetic treatment options for beauty enhancement, along with the growth in wellness trends, especially in developed nations are the major factors, driving the growth of the global medical spa market. Further, the ageing baby boomer population, globally, along with the rise in disposable incomes, is providing further impetus to the medical spa market growth. However, the shortage of trained professionals, particularly in the emerging economies, and the high cost of procedures are some of the significant constraints, which may hamper the market growth in the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global medical spa market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Biovital Med Spa LLC
- Westchase Medspa
- Sciton, Inc.
- Chic la Vie Med Spa
- Lanserhof Lans
- Kurotel - Centro Médico de Longevidade e Spa
- Canyon Ranch
- Others
The EMR report gives an in-depth insight into the medical spa market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Services |
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| Breakup by Population Type |
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| Breakup by Gender |
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| Breakup by Service Provider |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global medical spa market was valued at USD 18.01 billion in 2023.
The market is expected to grow at a CAGR of 13.3% from 2024 to 2032 to reach a value of USD 55.42 billion by 2032.
The major drivers of the industry, such as rising disposable incomes, ageing baby boomer population, increasing strong demand for minimally invasive treatments, and increasing demand for wellness holidays are expected to aid the industry growth.
The growing wellness trends, especially in the emerging economies and growing demand for aesthetic medicines as well as cosmetic treatment options for beauty enhancement are the key industry trends driving the market growth.
North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa are the major regions in the market.
The major services of the product for the industry include facial treatment, body shaping and contouring, hair removal, scar revision, and tattoo removal, among others.
The major players in the market are Biovital Med Spa LLC, Westchase Medspa, Sciton, Inc., Chic la Vie Med Spa, Clinique La Prairie SA, Lanserhof Lans, Kurotel - Centro Médico de Longevidade e Spa, Canyon Ranch, Others.
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