Global Medical Spa Market Report: Trends, Forecast and Competitive Analysis to 2030

Global Medical Spa Market Trends and Forecast

The future of the global medical spa market looks promising with opportunities in the single ownership, group ownership, free-standing, and medical practice associated spa markets. The global medical spa market is expected to reach an estimated $28.8 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are the increasing adoption of dermal fillers among women, rising consumer awareness towards self-care and anti-aging services, and significantly growing wellness tourism sector.

A more than 150-page report is developed to help in your business decisions.

Global Medical Spa by Segment

The study includes a forecast for the global medical spa by service, age group, service provider, and region.

Global Medical Spa Market by Service [Shipment Analysis by Value from 2018 to 2030]:

• Facial Treatment
• Body Shaping & Contouring
• Hair Removal
• Scar Revision
• Tattoo Removal
• Others

Global Medical Spa Market by Age Group [Shipment Analysis by Value from 2018 to 2030]:

• Adolescent
• Adult
• Geriatric

Global Medical Spa Market by Service Provider [Shipment Analysis by Value from 2018 to 2030]:

• Single Ownership
• Group Ownership
• Free-standing
• Medical Practice Associated Spas

Global Medical Spa Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of global Medical Spa Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies global medical spa companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the global medical spa companies profiled in this report include-

• Allure Medspa
• Biovital Medspa
• Canyon Ranch
• Chiva Som
• Cocoon Medical Spa
• Clinique La Prairie
• Hyatt Corporation
• True Skin Care Center
• Vilalara Longevity Thalassa & Medical Spa
• Westchase Medspa

Global Medical Spa Market Insights

Lucintel forecasts that facial treatment will remain the largest segment over the forecast period due to the growing demand for antiaging treatment options like botox and dermal fillers.

Single ownership will remain the largest segment.

APAC is expected to witness highest growth over the forecast period due to expanding wellness toursim sector, increasing expenditure on toursim, and presence of major players in the region.

Features of the Global Medical Spa Market

Market Size Estimates: Global medical spa market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Medical spa market size by service, age group, service provider, and region. in terms of value ($B).

Regional Analysis: Medical spa market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different services, age groups, service providers, and region.s for the global medical spa market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global medical spa market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the global medical spa market size?

Answer: The global global medical spa market is expected to reach an estimated $28.8 billion by 2030.

Q.2. What is the growth forecast for global medical spa market?

Answer: The global global medical spa market is expected to grow with a CAGR of 9.1% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the global medical spa market?

Answer: The major drivers for this market are the increasing adoption of dermal fillers among women, rising consumer awareness towards self-care and anti-aging services, and significantly growing wellness tourism sector.

Q.4. What are the major segments for global medical spa market?

Answer: The future of the global medical spa market looks promising with opportunities in the single ownership, group ownership, free-standing, and medical practice associated spa markets.

Q.5. Who are the key Global Medical Spa Market companies?

Answer: Some of the key global medical spa companies are as follows:

• Allure Medspa
• Biovital Medspa
• Canyon Ranch
• Chiva Som
• Cocoon Medical Spa
• Clinique La Prairie
• Hyatt Corporation
• True Skin Care Center
• Vilalara Longevity Thalassa & Medical Spa
• Westchase Medspa

Q.6. Which global medical spa market segment will be the largest in future?

Answer: Lucintel forecasts that facial treatment will remain the largest segment over the forecast period due to the growing demand for antiaging treatment options like botox and dermal fillers.

Q.7. In global medical spa market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to expanding wellness toursim sector, increasing expenditure on toursim, and presence of major players in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the global medical spa market by service (facial treatment, body shaping & contouring, hair removal, scar revision, tattoo removal, and others), age group (adolescent, adult, and geriatric), service provider (single ownership, group ownership, free-standing, and medical practice associated spas), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?