Medical Spa Market Size to Record 15.3% CAGR Through 2030

The global Medical Spa market size is expected to be worth around US$ 40.8 billion by 2030, according to a new report by Vision Research Reports.

The global Medical Spa market size was valued at US$ 15.7 billion in 2020 and is anticipated to grow at a CAGR of 15.3% during forecast period 2021 to 2030.

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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.

Medical Spa Market 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;

By Service Analysis

The facial treatment segment dominated the market for medical spa and accounted for the largest revenue share of 54.9% in 2020. The dominant share of the segment is mainly attributed to the increasing demand for antiaging treatment options such as Botox and dermal fillers.

the body shaping and contouring segment is anticipated to witness the fastest growth over the forecast period. Noninvasive fat reduction procedures are anticipated to surpass surgical methods such as liposuction.

Medical spa includes high revenue-generating treatment services, the cost of which continues to rise. For instance, according to the Supplement to Modern Aesthetics by the American Med Spa Association, the average price of laser hair removal in the U.S. rose by around 51% in 2016 than in 2011 whereas the cost of tattoo removal increased by 42%.

By Regional Analysis

North America led the market for medical spa and accounted for the largest revenue share of 42.3% in 2020 owing to higher expenditure on wellness tourism (domestic and international traffic) than other regions. The easy availability of different services and products for various aesthetic procedures in the U.S. and Canada is expected to further boost the market for medical spa.

Asia Pacific is anticipated to witness the fastest CAGR over the forecast period due to the increasing popularity and growth of the wellness tourism sector and rising wellness tourism expenditure. Increasing interest in experiential travel and the growing affordability of flights and travel options will drive the regional market further.

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Major Key Players Covered in The Medical Spa Market Report include

• 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

Medical Spa 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

Table of Contents

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.  Medical Spa 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.  Medical Spa 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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