Medical Spa Market- By Service (Facial Treatment, Body Shaping & Contouring, Hair Removal, Tattoo Removal, Scar Revision), By End User (Men And Women), And By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Medical spas are viewed as especial form of care and treatment and are distinctively different from other types of health care providers. These are most commonly set up for providing treatment of an illness or indication by using medicinal products with suitable procedure, which performed under the supervision of plastic surgeon or a dermatologist. A various treatments of medispas are anti-wrinkle injections, Botox injections, fine-line reduction, acne therapy, and fillers. It also extends personalized health care and skin care solutions including exercise advices and nutrition tips. This spa serve to mental, physical, and emotional services related to the body along with advances in laser technology and minimally-invasive techniques. The customer service is an important factor of this industry because the specific group of clients or patients who have high expectations from its usual health care products or services. This market is expected to grow during the upcoming years as there is a huge awareness in various countries towards ensuring wellness and taking care of an individual’s body. The Medical Spa Market accounted USD 14.4 billion in 2020 and will register to CAGR of 12.5% during the forecast period.

Market Segmentation:

Based on the services, the global medical spa market is segmented into facial treatment, body shaping & contouring, hair removal, tattoo removal, scar revision. Depending on end user, the market is categorised as men and women. Regional breakdown and analysis segment includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

The cosmetic treatment options and increasing use of aesthetic medicine for beauty enhancement and the growing wellness trends across the population is one of the major drivers for the growth of the global medical spa market. Moreover, an increase in the number of skin-related diseases and surge in demand for its better services are some of the other factors which will drive the market during forecast time. Conversely, the procedures are very expensive associated with the procedures are responsible to restrain the market growth.  Additionally, the technical advancement such as laser systems in skincare treatment and rising disposable income levels are also boosting the growth of market during the next coming years. On the rather hand, the expansion of  the wellness medical tourism for new entrants who offer a unique integration of business areas such as hospitality, travel, cosmetics, and fitness are creating immense opportunities for the market growth during forecast timeframe. However, on-going global efforts aimed at improving the minimum cost medical spa associated with the procedures and skilled professionals are considered to be the challenge for market in upcoming years.

Geographic Analysis:

North America dominates the largest share accounted as 39.45% for the growth of the global medical spa market in 2018. The dominant position in the market is attributed to increase in the wellness trend, the early adoption of technological advancements. Additionally, Asia pacific is expected to fastest growing regional market, owing to the presence of well-established beauty market with expanding demand of their services for cosmetic alteration during the forecast time frame.  Moreover, the expansion of medical tourism owing to growth of consumer disposable income and modernizing healthcare infrastructure in developing countries such as India, China are creates immense opportunities for key market players. The fastest-growing country of this market such as India will registered at CAGR 14.2% during the forecast time zone. Europe holds the significant regional market which is attributed rise in awareness among people regarding the possible benefits of this treatment and well-established health care infrastructure supported by reimbursement policies. Latin America and the Middle East & Africa region are projected to witness stable growth of the market due to increasing number of new entrants in the medical spa industry over the upcoming years. Brazil is the fastest-growing country in the LAMEA regional market, registering a CAGR of 13.9% during the forecast time frame.

Competitive Scenario:

The key players of global medical spa markets are Chic la Vie Med Spa, Canyon Ranch, Inc., Chiva Som, True Skin Care Center, BIOVITAL Med Spa LLC, Westchase Med spa, Clinique La Prairie , Sciton, Inc, Allure Medspa, and Longevity Wellness Worldwide.

Medical Spa Market Report Scope