According to Report, the Medical Spa Market size is expected to reach around US$ 40.8 billion by 2030 and is anticipated to grow at a CAGR of 15.3% during forecast period 2021 to 2030.
Medical Spa, also referred to as MedSpa, are cutting-edge, contemporary providers of an extensive range of therapies ranging from Botox treatments and liposuction to hair regeneration and hair removal.
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They are the latest niche in cosmetic surgery and medicine, and undoubtedly the fastest growing segment of the global cosmetic surgery market. The medical end of the MedSpa is taken care of by the presence of a practicing, specialized physician who is always required to be present on the premises. Since medical spas converge spa treatments and medical treatments, they offer the widest range of services possible.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 40.8 billion by 2030 |
| Growth Rate | CAGR of 15.3% From 2021 to 2030 |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Services |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Chic La Vie; Kurotel-Longevity Medical Center and Spa; Clinique La Prairie; Lanserhof Lans; Longevity Wellness Worldwide; The Orchard Wellness Resort; Bijoux Medi-Spa; Biovital Medspa; Allure Medspa; Serenity Medspa; Vichy Celestins Spa Hotel; Sha Wellness Clinic; Brenners Park-Hotel & Spa; Mezzatorre Resort & Spa; Cocoona Centre Of Aesthetic Transformation; Lily’s Medi Spa; Aesthetics Medispa; The Drx Aesthetics; Mandarin Oriental; Westchase; Lisse; Medspa; Chiva Som; |
Amid the COVID-19 crisis, the global market for Medical Spa estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$25.9 Billion by 2026, growing at a CAGR of 13.5% over the analysis period. Facial Treatment, one of the segments analyzed in the report, is projected to grow at a 12.9% CAGR to reach US$13 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Body Shaping & Contouring segment is readjusted to a revised 15.7% CAGR for the next 7-year period. This segment currently accounts for a 18.8% share of the global Medical Spa market.
Growth Factors
Increasing demand for noninvasive aesthetic treatment is one of the key factors driving the market. Moreover, the high influence of social media among millennials and rising demand for dermal fillers are propelling the demand for medical spas. Technological advancements, such as laser systems, have resulted in increased costs of medical spa procedures. For instance, in 2016, the average cost of laser skin resurfacing procedures increased by around 15.0%. However, rising disposable income levels will drive the demand for novel procedures.
Rapidly rising global population is increasing the demand for aesthetic cosmetic treatments and minimally invasive solutions. Availability of best anti-ageing treatments, relaxing atmosphere, quality services provided by certified professionals and innovative and cutting-edge technology are leading to increase in preference for medical spas. The growing popularity and trend of wellness tourism and rising awareness about aesthetic procedures are anticipated to further expand the market in the forecast period.
Key Players
- Chic La Vie
- Clinique La Prairie
- Kurotel – Longevity Medical Center and Spa
- Lanserhof Lans
- The Orchard Wellness Resort
- Biovital Medspa
- Allure Medspa
- Longevity Wellness Worldwide
- Serenity Medspa
- Bijoux Medi-Spa
- Vichy Celestins Spa Hotel
- Brenners Park-Hotel & Spa
- Sha Wellness Clinic
- Cocoona Centre Of Aesthetic Transformation
- Mezzatorre Resort & Spa
- Aesthetics Medispa
- Lily’s Medi Spa
- Lisse
- The DRx Aesthetics
- Westchase Medspa
- Chiva Som
- Mandarin Oriental
Market Segmentation
- By Service
- Facial Treatment
- Body Shaping & Contouring
- Hair Removal
- Scar Revision
- Tattoo Removal
- Other services
- Regional
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- India
- Australia
- China
- Latin America
- Brazil
- Mexico
- Middle East & Africa (MEA)
- South Africa
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Medical Spa Market, By Services
7.1. Medical Spa Market, by Services, 2021-2030
7.1.1. Facial Treatment
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Body Shaping & Contouring
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Hair Removal
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Scar Revision
7.1.4.1. Market Revenue and Forecast (2017-2030)
7.1.5. Tattoo Removal
7.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Medical Spa Market, Regional Estimates and Trend Forecast
8.1. North America
8.1.1. Market Revenue and Forecast, by Services (2017-2030)
8.1.2. U.S.
8.1.3. Rest of North America
8.1.3.1. Market Revenue and Forecast, by Services (2017-2030)
8.2. Europe
8.2.1. Market Revenue and Forecast, by Services (2017-2030)
8.2.2. UK
8.2.2.1. Market Revenue and Forecast, by Services (2017-2030)
8.2.3. France
8.2.3.1. Market Revenue and Forecast, by Services (2017-2030)
8.2.4. Rest of Europe
8.2.4.1. Market Revenue and Forecast, by Services (2017-2030)
8.3. APAC
8.3.1. Market Revenue and Forecast, by Services (2017-2030)
8.3.2. India
8.3.2.1. Market Revenue and Forecast, by Services (2017-2030)
8.3.3. China
8.3.3.1. Market Revenue and Forecast, by Services (2017-2030)
8.3.4. Japan
8.3.4.1. Market Revenue and Forecast, by Services (2017-2030)
8.3.5. Rest of APAC
8.3.5.1. Market Revenue and Forecast, by Services (2017-2030)
8.4. MEA
8.4.1. Market Revenue and Forecast, by Services (2017-2030)
8.4.2. GCC
8.4.2.1. Market Revenue and Forecast, by Services (2017-2030)
8.4.3. North Africa
8.4.3.1. Market Revenue and Forecast, by Services (2017-2030)
8.4.4. South Africa
8.4.4.1. Market Revenue and Forecast, by Services (2017-2030)
8.4.5. Rest of MEA
8.4.5.1. Market Revenue and Forecast, by Services (2017-2030)
8.5. Latin America
8.5.1. Market Revenue and Forecast, by Services (2017-2030)
8.5.2. Brazil
8.5.2.1. Market Revenue and Forecast, by Services (2017-2030)
8.5.3. Rest of LATAM
8.5.3.1. Market Revenue and Forecast, by Services (2017-2030)
Chapter 9. Company Profiles
9.1. Chic La Vie
9.1.1. Company Overview
9.1.2. Product Offerings
9.1.3. Financial Performance
9.1.4. Recent Initiatives
9.2. Clinique La Prairie
9.2.1. Company Overview
9.2.2. Product Offerings
9.2.3. Financial Performance
9.2.4. Recent Initiatives
9.3. Kurotel – Longevity Medical Center and Spa
9.3.1. Company Overview
9.3.2. Product Offerings
9.3.3. Financial Performance
9.3.4. Recent Initiatives
9.4. Lanserhof Lans
9.4.1. Company Overview
9.4.2. Product Offerings
9.4.3. Financial Performance
9.4.4. Recent Initiatives
9.5. The Orchard Wellness Resort
9.5.1. Company Overview
9.5.2. Product Offerings
9.5.3. Financial Performance
9.5.4. Recent Initiatives
9.6. Biovital Medspa
9.6.1. Company Overview
9.6.2. Product Offerings
9.6.3. Financial Performance
9.6.4. Recent Initiatives
9.7. Allure Medspa
9.7.1. Company Overview
9.7.2. Product Offerings
9.7.3. Financial Performance
9.7.4. Recent Initiatives
9.8. Longevity Wellness Worldwide
9.8.1. Company Overview
9.8.2. Product Offerings
9.8.3. Financial Performance
9.8.4. Recent Initiatives
Chapter 10. Research Methodology
10.1. Primary Research
10.2. Secondary Research
10.3. Assumptions
Chapter 11. Appendix
11.1. About Us
11.2. Glossary of Terms
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