Global Medical Spa Market is Expected to Foresee Significant Growth During the Forecast Period. North America to Witness the Highest Growth

The global medical spa market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 13% during the forecast period (2021-2027F). Medical spas are the skincare treatment centers that educate people about the regular care of skin and offers various treatment to them under a licensed physician.

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With the rapid advancement in medical technology and rising awareness among the population regarding skincare. With the surging demand for non-invasive skin treatments and the continuous launches of the product by the major players have a significant impact on the medical spa industry. For instance, In 2022, Maya Medi Spa launched BTL EMSCULPT- technology that is approved by FDA that strengthens your muscle & burn fat. It is a non-invasive body-shaping procedure that simultaneously addresses both Muscle and Fat and it helps patients build muscle and sculpt the body. EMSCULP targets the Abdomen, Butt Lift, Biceps, Triceps, Calves & Thighs and it is painless, with no anesthesia and no needles are required.

Based on service type, the market is segmented into facial treatment, body shaping & contouring, hair removal, scar revision, tattoo removal, and others. The facial treatment sheld a significant market share in 2020 and is anticipated to witness lucrative market growth during the forecast period. This is mainly due to the availability of different facial treatments such as chemical peel-offs, steam treatments, and facial massages. Furthermore, the factors such as celebrity endorsements and growing social media presence of major players in the market to accelerate the market growth of the segment. The tattoo removal segment is also expected to witness robust growth due to the increasing trend of tattoo printing and the associated errors is responsible for the segmental growth in the forecast period.

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Based on age, the market is segmented into adults, adolescents, and geriatrics. The adult grabbed a significant market share in the medical spa market in 2020. This is mainly due to the social influence on beauty and beauty care along with the changing hormone levels among the adults and adolescent population are responsible for different skin problems such as acne, dark spots, wrinkles, and others. For instance, as per AAD, Acne occurring in adults is increasing, affecting up to 15 percent of women.

Additionally, the report provides detailed report also provides insights into the global medical spa market according to the regions such as North America (United States, Canada, and Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America constitutes a significant market for the medical spa industry owing to the higher disposable income of the people. According to the Bureau of economic analysis, the average income of U.S citizens in 2021 was around US$ 21,258.3. Furthermore, the regional presence of well-established market players and frequent product launches in the region is attributed to the significant market share of the North American market.

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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, and Serenity Medspa. are some of the key players operating in the global medical spa market. Several M&As along with partnerships have been undertaken by these players to develop various types of medical spa devices.

Global Medical Spa Market Segmentation

Market Insight, by Service Type

Market Insight, by Age

Market Insight, by Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • France
  • Germany
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Australia
  • Japan
  • Rest of Asia-Pacific
• Rest of World

Top Company Profiles

• 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