The global medical spa market size was estimated at around USD 16.48 billion in 2022 and it is projected to hit around USD 66.50 billion by 2032, growing at a CAGR of 14.97% from 2023 to 2032.
Key Pointers
Report Coverage | Details |
Market Size in 2022 | USD 16.48 billion |
Revenue Forecast by 2032 | USD 66.50 billion |
Growth rate from 2023 to 2032 | CAGR of 14.97% |
Base Year | 2022 |
Forecast Period | 2023 to 2032 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Companies Covered | Chic La Vie;Kurotel-Longevity Medical Center and Spa; Clinique La Prairie; Lanserhof Lans; Longevity Wellness Worldwide; The Orchard Wellness Resort; Biovital Medspa; Allure Medspa; Serenity Medspa; Vichy Celestins Spa Hotel; Sha Wellness Clinic; Brenners Park-Hotel & Spa; Mezzatorre; Cocoona Centre Of Aesthetic Transformation; Lily's Medi Spa; Aesthetics Medispa; The Drx Aesthetics; Mandarin Oriental; Westchase; Lisse; Medspa; Chiva Som |
The market growth can be attributed to factors such as increasing consumer awareness about self-care and anti-aging services and a rapid expansion of the wellness tourism sector. According to the American Med Spa Association (AMSA), there is a high demand for minimally invasive treatments, such as chemical peels and non-surgical skin tightening, along with body sculpting and tattoo removal. Moreover, wellness packages offered in hotels create a fast-growing demand for wellness-themed vacations.
The medical spa has been shaped by constantly changing customer demands. With customers becoming more social media savvy, awareness about anti-aging solutions is on the rise. Increasing demand for anti-aging skincare solutions remains the key driver in this market. According to the 2021 plastic surgery statistics by the American Society of Plastic Surgeons, people aged 30 to 39 accounted for 45% of cosmetic surgeries in the U.S., with 6.1 million total cosmetic procedures, including 684,000 surgical procedures and 5.4 million minimally invasive surgeries.
The rising consumer disposable income, especially in emerging countries, and the expansion of the tourism sector are also boosting the demand for such services. Key companies offer personalized beauty treatments to justify premium prices and aim to leverage their position. An emerging trend in the sector is the incorporation of biophilic design and wellness architecture into the complete structural design of the property.
Rapid growth in the wellness tourism industry is creating potential growth opportunities for new entrants that offer a unique integration of business areas, such as hospitality, travel, beauty treatments, and fitness. Furthermore, the increasing adoption of dermal fillers among women in their late 20s and the rising demand for laser hair removal and facial procedures are likely to fuel the market growth.
Medical Spa Market Segmentations:
By Service | By Age | By Gender | By Service Provider |
Facial Treatment Body Shaping & Contouring Hair Removal Scar Revision Tattoo Removal Other Services |
Adolescent Adult Geriatric |
Male Female |
Single Ownership Group Ownership Free-standing Medical Practice Associated Spas |
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. COVID 19 Impact on Medical Spa Market
5.1. COVID-19 Landscape: Medical Spa Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Medical Spa Market, By Service
8.1. Medical Spa Market, by Service, 2023-2032
8.1.1. Facial Treatment
8.1.1.1. Market Revenue and Forecast (2019-2032)
8.1.2. Body Shaping & Contouring
8.1.2.1. Market Revenue and Forecast (2019-2032)
8.1.3. Hair Removal
8.1.3.1. Market Revenue and Forecast (2019-2032)
8.1.4. Scar Revision
8.1.4.1. Market Revenue and Forecast (2019-2032)
8.1.5. Tattoo Removal
8.1.5.1. Market Revenue and Forecast (2019-2032)
8.1.6. Other Services
8.1.6.1. Market Revenue and Forecast (2019-2032)
Chapter 9. Global Medical Spa Market, By Age
9.1. Medical Spa Market, by Age, 2023-2032
9.1.1. Adolescent
9.1.1.1. Market Revenue and Forecast (2019-2032)
9.1.2. Adult
9.1.2.1. Market Revenue and Forecast (2019-2032)
9.1.3. Geriatric
9.1.3.1. Market Revenue and Forecast (2019-2032)
Chapter 10. Global Medical Spa Market, By Gender
10.1. Medical Spa Market, by Gender, 2023-2032
10.1.1. Male
10.1.1.1. Market Revenue and Forecast (2019-2032)
10.1.2. Female
10.1.2.1. Market Revenue and Forecast (2019-2032)
Chapter 11. Global Medical Spa Market, By Service Provider
11.1. Medical Spa Market, by Service Provider, 2023-2032
11.1.1. Single Ownership
11.1.1.1. Market Revenue and Forecast (2019-2032)
11.1.2. Group Ownership
11.1.2.1. Market Revenue and Forecast (2019-2032)
11.1.3. Free-standing
11.1.3.1. Market Revenue and Forecast (2019-2032)
11.1.4. Medical Practice Associated Spas
11.1.4.1. Market Revenue and Forecast (2019-2032)
Chapter 12. Global Medical Spa Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Service (2019-2032)
12.1.2. Market Revenue and Forecast, by Age (2019-2032)
12.1.3. Market Revenue and Forecast, by Gender (2019-2032)
12.1.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Service (2019-2032)
12.1.5.2. Market Revenue and Forecast, by Age (2019-2032)
12.1.5.3. Market Revenue and Forecast, by Gender (2019-2032)
12.1.5.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Service (2019-2032)
12.1.6.2. Market Revenue and Forecast, by Age (2019-2032)
12.1.6.3. Market Revenue and Forecast, by Gender (2019-2032)
12.1.6.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Service (2019-2032)
12.2.2. Market Revenue and Forecast, by Age (2019-2032)
12.2.3. Market Revenue and Forecast, by Gender (2019-2032)
12.2.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Service (2019-2032)
12.2.5.2. Market Revenue and Forecast, by Age (2019-2032)
12.2.5.3. Market Revenue and Forecast, by Gender (2019-2032)
12.2.5.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Service (2019-2032)
12.2.6.2. Market Revenue and Forecast, by Age (2019-2032)
12.2.6.3. Market Revenue and Forecast, by Gender (2019-2032)
12.2.6.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Service (2019-2032)
12.2.7.2. Market Revenue and Forecast, by Age (2019-2032)
12.2.7.3. Market Revenue and Forecast, by Gender (2019-2032)
12.2.7.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Service (2019-2032)
12.2.8.2. Market Revenue and Forecast, by Age (2019-2032)
12.2.8.3. Market Revenue and Forecast, by Gender (2019-2032)
12.2.8.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Service (2019-2032)
12.3.2. Market Revenue and Forecast, by Age (2019-2032)
12.3.3. Market Revenue and Forecast, by Gender (2019-2032)
12.3.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Service (2019-2032)
12.3.5.2. Market Revenue and Forecast, by Age (2019-2032)
12.3.5.3. Market Revenue and Forecast, by Gender (2019-2032)
12.3.5.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Service (2019-2032)
12.3.6.2. Market Revenue and Forecast, by Age (2019-2032)
12.3.6.3. Market Revenue and Forecast, by Gender (2019-2032)
12.3.6.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Service (2019-2032)
12.3.7.2. Market Revenue and Forecast, by Age (2019-2032)
12.3.7.3. Market Revenue and Forecast, by Gender (2019-2032)
12.3.7.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Service (2019-2032)
12.3.8.2. Market Revenue and Forecast, by Age (2019-2032)
12.3.8.3. Market Revenue and Forecast, by Gender (2019-2032)
12.3.8.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Service (2019-2032)
12.4.2. Market Revenue and Forecast, by Age (2019-2032)
12.4.3. Market Revenue and Forecast, by Gender (2019-2032)
12.4.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Service (2019-2032)
12.4.5.2. Market Revenue and Forecast, by Age (2019-2032)
12.4.5.3. Market Revenue and Forecast, by Gender (2019-2032)
12.4.5.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Service (2019-2032)
12.4.6.2. Market Revenue and Forecast, by Age (2019-2032)
12.4.6.3. Market Revenue and Forecast, by Gender (2019-2032)
12.4.6.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Service (2019-2032)
12.4.7.2. Market Revenue and Forecast, by Age (2019-2032)
12.4.7.3. Market Revenue and Forecast, by Gender (2019-2032)
12.4.7.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Service (2019-2032)
12.4.8.2. Market Revenue and Forecast, by Age (2019-2032)
12.4.8.3. Market Revenue and Forecast, by Gender (2019-2032)
12.4.8.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Service (2019-2032)
12.5.2. Market Revenue and Forecast, by Age (2019-2032)
12.5.3. Market Revenue and Forecast, by Gender (2019-2032)
12.5.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Service (2019-2032)
12.5.5.2. Market Revenue and Forecast, by Age (2019-2032)
12.5.5.3. Market Revenue and Forecast, by Gender (2019-2032)
12.5.5.4. Market Revenue and Forecast, by Service Provider (2019-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Service (2019-2032)
12.5.6.2. Market Revenue and Forecast, by Age (2019-2032)
12.5.6.3. Market Revenue and Forecast, by Gender (2019-2032)
12.5.6.4. Market Revenue and Forecast, by Service Provider (2019-2032)
Chapter 13. Company Profiles
13.1. Chic La Vie
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Clinique La Prairie
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Kurotel Longevity Medical Center and Spa
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Lanserhof Lans
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. The Orchard Wellness Resort
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Biovital Medspa
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Allure Medspa
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Longevity Wellness Worldwide
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Serenity Medspa
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Vichy Celestins Spa Hotel
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms